Egypt to launch sovereign industrial, African investment funds to drive economic growth
Egypt will launch a sovereign-led industrial investment fund to enhance manufacturing capabilities and boost exports, alongside a separate fund targeting private sector investments in Africa, Minister of Investment and Foreign…
Trump threatens strike on Iranian nuclear-linked site as Houthis widen Red Sea shipping confrontation
US President Donald Trump on Tuesday threatened to launch a new strike on a heavily fortified Iranian site linked to Tehran's nuclear programme and warned that Washington would respond decisively…
Saudi German Hospital Alexandria, Conceive Center partner to boost Egypt’s medical tourism
Saudi German Hospital - Alexandria and Conceive Center for IVF and Infertility Treatment will sign a cooperation protocol on 30 July as part of efforts to strengthen Egypt's position as…
Egypt develops 39 new cities over past decade under urban expansion strategy: Deputy housing minister
Egypt has developed 39 new cities over the past decade as part of its urban expansion strategy, with the New Administrative Capital emerging as the country's flagship smart city and…
Egypt steps up groundwater monitoring in South Sinai, reviews flood protection projects
Egypt's Ministry of Water Resources and Irrigation has agreed with South Sinai Governorate to strengthen oversight of groundwater use, continue surveying unlicensed wells, and review flood protection and coastal development…
Energy efficiency measures cost five to seven times less than new power generation, Egyptian minister says
Egypt is implementing a coordinated action plan to tighten market controls and enforce energy efficiency standards for electrical appliances and equipment to curb consumption, Minister of Electricity and Renewable Energy…
Egypt receives French medical aid for Gaza, discusses expanding health cooperation
Egypt has received more than 21 tonnes of French medical aid to support hospitals treating wounded people evacuated from the Gaza Strip, while Cairo and Paris discussed expanding cooperation on…
Simplified tax regime marks major step in supporting small businesses, entrepreneurs: ETA chief
Rasha Abdel Aal, chief of the Egyptian Tax Authority (ETA), said the simplified tax regime introduced under Law No. 6 of 2025 marks a major step forward in supporting small…
CIB posts H1 2026 consolidated net profit of EGP 39.3bn, up 18% year-on-year
The Commercial International Bank (CIB) reported a resilient financial performance for the first half (H1) of 2026, posting consolidated net profit of EGP 39.3bn, or EGP 10.2 per share, up…
Egypt advances initiative to boost entrepreneurship, youth participation in economy
Ahmed Rostom, Minister of Planning and Economic Development, met with Gohar Nabil, Minister of Youth and Sports, to discuss the implementation of the Youth Economy initiative, which the Ministry of…