Egypt unveils new Western Desert oil discovery adding 3,100 BOE per day
Egypt’s Ministry of Petroleum and Mineral Resources has announced a new oil and gas discovery in the Western Desert, following the successful drilling of the exploratory well North Lotus Deep-1,…
Egypt finalises preparations to produce new passenger car models amid growing Japanese cooperation
Egypt’s Minister of Public Enterprises Sector, Mohamed El-Shimy, affirmed that the ministry’s portfolio of companies is highly diversified, covering a wide range of sectors including cotton and textiles, chemicals and…
Egypt’s SCZONE signs two projects with $11m in foreign investment
Egypt's Suez Canal Economic Zone (SCZONE) has signed contracts for two new projects with German and Greek companies, representing a combined foreign investment of $11m. Walid Gamal El-Din, chairperson of…
Egypt reviews progress on Hurghada Green City sustainable tourism project
Egypt’s Local Development Minister and Acting Environment Minister, Manal Awad, held an expanded meeting with the team of the Hurghada Green City project to assess ongoing efforts to transform the…
Joint venture to build $220m solar panel complex in Suez Canal Economic Zone
Egyptian Prime Minister Mostafa Madbouly on Wednesday witnessed the signing of a land usufruct contract for a $220m (EGP 11bn) industrial complex to produce solar cells, panels, and energy storage…
Gaza death toll mounts as world leaders intensify calls for lasting ceasefire
The Health Ministry in Gaza announced on Wednesday that 76 people were killed and 298 others wounded in the past 24 hours by Israeli airstrikes, bringing the death toll since…
CBE poised for rate cut as inflation cools, growth needs rise
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) will convene its fifth meeting of 2025 on Thursday, with markets and analysts awaiting what many believe will…
Al-Sisi affirms Egypt’s backing for Lebanon’s stability in Cairo talks with PM Salam
Egyptian President Abdel Fattah Al-Sisi on Wednesday received Lebanese Prime Minister Nawaf Salam in Cairo, in the latter’s first official visit to Egypt since taking office, the presidency announced. The…
Success is not viral hit—it’s ability to endure across many years: Wael Jassar
In an era when music races at lightning speed and the scene is crowded with new voices and experiments, Lebanese singer Wael Jassar continues to stand apart. With the depth…
International cooperation key to modernising Egypt’s tax system: ETA chief
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), affirmed that international cooperation is a cornerstone of efforts to modernise Egypt’s tax system. Speaking during the launch of a…