News

Egypt is stepping up efforts to streamline industrial licensing and improve the investment climate, as the Industrial Development Authority (IDA) explores a new package of reforms aimed at reducing costs and accelerating procedures for manufacturers. Nahed Youssef, Head of the Industrial Development Authority, chaired the first meeting of the Industrial…

Upwyde Developments has signed a strategic agreement with Vezeeta to manage and operate a fully integrated medical building within its “Prk Vie” project in New Cairo’s Golden Square. Under the agreement, Vezeeta will oversee the operation of the facility, which is designed to combine in-person healthcare services with digital solutions…

Egypt’s medical supplies sector is preparing to submit a memorandum to Prime Minister Mostafa Madbouly, calling for revisions to government procurement prices in response to sharp increases in production and supply costs. The move follows a series of measures announced by the Egyptian Authority for Unified Procurement aimed at easing…

Egypt’s Ministry of Health has held talks with Pfizer to expand co-operation in pharmaceutical manufacturing, vaccine production, and medical innovation, as part of broader efforts to strengthen the healthcare system and improve service quality. In a statement, the ministry said Health Minister Khaled Abdel Ghaffar met with representatives of Pfizer…

Cairo, 21 April 2026 – Madinet Masr (EGX code: MASR.CA) announced a new addition to its project “Tajed” in Taj City — the company’s first commercial development in New Cairo — with the opening of Carrefour, which Majid Al Futtaim owns the exclusive rights to operate in Egypt. With this…

CAIRO, April 20 (MENA) – Prime Minister Mostafa Madbouly said Egypt is in talks with several countries to establish logistics hubs for grain and oil storage, supply and trade, aiming to strengthen food security. Madbouly made the remarks during a meeting on Monday to review plans for establishing a global…

Oil and European natural gas prices surged after Tehran re-closed the Strait of Hormuz and fired on vessels following the US Navy’s seizure of an Iranian ship, halting all shipping traffic through the vital energy corridor. The turbulent weekend escalation saw Tehran re-impose restrictions on the waterway on Saturday, reversing…