News

Granite Financial Holding has received approval from Egypt’s Financial Regulatory Authority (FRA) to launch a new USD-denominated fixed-income fund, marking a significant milestone in its expansion within the CashTech sector. The fund, established in partnership with Al Naeem Holding for Investments, positions Granite as the investment manager, ensuring professional oversight…

Egypt’s Ministry of Agriculture and Land Reclamation announced that the Central Administration of Plant Quarantine has successfully secured access to the Panamanian market for Egyptian citrus exports, marking a new step in expanding Egypt’s agricultural trade presence in Latin America. According to the ministry, Panama has officially approved the import…

Egypt’s Minister of Water Resources and Irrigation, Hany Sewilam, and South Africa’s Minister of Water and Sanitation, Bimmy Majodina, opened a joint virtual seminar marking International Women’s Day to discuss the role of women in water management and international water cooperation. The seminar, held under the theme “Water for People”,…

The Egyptian Linear Alkyl Benzene Company (ELAB) recorded its highest production levels since its establishment, producing 141,000 tonnes of Linear Alkyl Benzene (LAB) during the 2025 fiscal year, according to results presented at the company’s general assembly meeting. During the meeting, Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi,…

Egypt’s Minister of Industry Khaled Hashem held an expanded meeting with a number of ceramic and porcelain manufacturers to discuss the key challenges facing the sector and explore potential solutions to support its growth and sustainability. During the meeting, participants reviewed several issues affecting the ceramic and porcelain industry, including…

The US dollar continued its rise against the Egyptian pound during Sunday’s trading, reaching levels exceeding LE52 in most banks in the local market for the first time in several months. This continues the upward trend recently witnessed in the exchange market. The US dollar was priced at approximately LE52.10…

The Egyptian Ethylene and Derivatives Company (Ethydco) achieved export growth of 5.4%, with dollar sales reaching $211.8m, as the company expands its presence in Latin American, African, European, and Turkish markets, Chairperson Hesham Riad said during the company’s General Assembly. Petroleum and Mineral Resources Minister Karim Badawi told the assembly…

Industrial and Engineering Enterprise Company (IEEC), listed on the Egyptian Exchange, announced that its board of directors approved the financial statements for the fiscal year ending December 31, 2025. The results reveal a significant surge in the company’s financial and operational performance.   Founded in 1952, IEEC is one of…

Egyptian Ministry of Health and Population signed a memorandum of understanding with Roche Diagnostics to establish a national digital pathology network, aimed at enhancing diagnostic capabilities and speeding up cancer detection across Egypt. The agreement was signed at the Egyptian Center for Disease Control (EGYCDC) in the presence of Khaled…