Egypt’s Sisi says Suez Canal revenue fell $10bn due to regional instability
Egyptian President Abdel Fattah al-Sisi said on Sunday that regional conflicts have caused a $10bn loss in Suez Canal revenues, describing recent domestic fuel price increases as an "inevitable" measure…
Iran considers opening Hormuz Strait for tankers trading oil in Chinese yuan
Iran is considering allowing a limited number of oil tankers to pass through the Strait of Hormuz on the condition that their cargo is priced in Chinese yuan, a senior…
Planning Minister discusses strengthening cooperation with OECD
Egypt’s Minister of Planning and Economic Development Ahmed Rostom met with Amr Soliman, Head of the Egypt and Middle East and North Africa team within the Governance Programme at the…
Egypt eyes first $200m sodium cyanide production plant
Egypt’s Minister of Industry Khaled Hashem held talks with a delegation from DrasChem Specialized Chemicals, led by CEO Mohamed Abdel Aziz, to discuss plans to establish and operate the first…
Iran-US-Israel confrontation intensifies, spreading across Gulf region
The confrontation between Iran, the United States, and Israel intensified on Saturday as each side reported new military strikes, while the ripple effects of the conflict spread across the Gulf…
Health, Local Development ministries sign cooperation protocol to improve population indicators
Egypt’s Ministry of Health and Population and Ministry of Local Development have signed a cooperation protocol to implement the National Population and Development Strategy 2030, aimed at balancing population growth…
Egypt explores water hyacinth recycling initiative to empower girls
Egypt’s Ministry of Water Resources and Irrigation is collaborating with the National Council for Childhood and Motherhood and UNICEF to empower girls from vulnerable communities by training them to recycle…
MSMEDA injects EGP 3.1bn in financing in Fayoum in 2025: CEO
The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has injected EGP 3.1bn in financing to support 133,900 projects in Fayoum between July 2014 and December 2025, according to Bassel…
FRA grants preliminary approval for Lumin Soft to join regulatory sandbox
The Financial Regulatory Authority (FRA) has granted preliminary approval to Lumin Soft to join its FinTech Regulatory Sandbox, making it the third company to receive such approval since the sandbox’s…
Egypt’s industry minister discusses automotive localisation opportunities with Mercedes-Benz
Egypt’s Minister of Industry Khaled Hashem held an expanded meeting with a delegation from Mercedes-Benz Egypt headed by CEO Stefanie Volz to discuss opportunities to localise automotive manufacturing and expand the…