Egypt’s AOI signs defence manufacturing deal with China’s Norinco, UAE’s Abu Dhabi Aviation at EDEX
Egypt’s Arab Organisation for Industrialisation (AOI) has signed a memorandum of understanding with Chinese defence giant Norinco to localise the manufacturing of defence systems, the organisation said during the EDEX…
Egypt’s TMG invests over $5bn in two Oman real estate projects
Egypt’s Talaat Moustafa Group (TMG) is investing more than $5bn in two new developments in Oman comprising approximately 15,000 residential units, CEO Hisham Talaat Moustafa said. Speaking during the launch…
Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch
A comprehensive tourism master plan for the area surrounding the Giza Pyramids aims to significantly increase hotel room capacity by 2040 to accommodate the expected influx of visitors to the…
CBE to Offer $950m Treasury Bills on Monday
The Central Bank of Egypt (CBE) will on Monday offer a local Treasury bill auction denominated in US dollars, valued at $950m, with a tenor of 364 days, maturing on…
Egypt trains Palestinian police for future Gaza deployment as ceasefire tensions escalate
Tensions over the future of the Gaza ceasefire are rising as Palestinian authorities accuse Israel of widespread violations and several countries hesitate to join a proposed international security force, even…
Al-Sisi orders rollout of second tax facilitation package, accelerated customs overhaul
Egypt’s President Abdel Fattah Al-Sisi on Sunday instructed the government to launch the second phase of tax facilitation measures aimed at encouraging voluntary compliance and easing the burden on taxpayers,…
Egypt steps up efforts to boost domestic poultry production ahead of Ramadan
Agriculture and Land Reclamation Minister Alaa Farouk, Supply and Internal Trade Minister Sherif Farouk, and Bahaa El-Ghanam, head of the Future of Egypt Authority for Sustainable Development, held an expanded…
FABMISR posts 8% net profit growth in M9 2025 after neutralising FX impact
First Abu Dhabi Bank Misr (FABMISR), one of Egypt’s largest banks, announced its financial results for the first nine months of 2025, reporting solid growth across key performance indicators. The…
Cairo pledges support for AngloGold Ashanti to accelerate Sukari mine operations
Egypt has "ambitious plans" to increase gold production at the Sukari mine and will support operator AngloGold Ashanti in accelerating operations to meet these targets, Prime Minister Moustafa Madbouly said…
New Egypt–European scientific cooperation programmes coming soon: EU ambassador
EU Ambassador Angelina Eichhorst celebrated two decades of scientific cooperation between the European Union and Egypt, describing the milestone as a testament to the depth, purpose and enduring strength of…