Israel–Iran conflict deepens as US weighs direct intervention
The conflict between Israel and Iran has entered an unprecedented phase of escalation, with both sides intensifying cross-border strikes and mounting warnings of a wider confrontation that could draw in…
SCZONE signs $18m agreement with Turkish Ulusoy to establish yarn factory in West Qantara
Waleid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), signed an agreement on Wednesday with Turkish company Ulusoy Tekstil San. Tic. A.Ş to establish a yarn and textile…
CI Capital Asset Management launches Egypt’s first sustainable equity fund
CI Capital Asset Management (CIAM), Egypt’s leading asset manager and a Forbes Top 40 firm in the Middle East and North Africa (MENA) region, has launched Egypt’s first open-ended sustainable…
China’s Sunrev to invest $200m in solar component industrial complex in Egypt’s Sokhna
Prime Minister Mostafa Madbouly witnessed on Wednesday the signing of a contract to establish an integrated industrial complex for the production of solar energy components in Ain Sokhna’s industrial zone,…
Egypt launches trial operations of Cheng He Institute for smart railway signal control
In a significant step toward upgrading Egypt’s railway infrastructure, trial operations have officially begun at the Cheng He – Egypt Institute for Smart Railway Signal Control. This milestone aligns with…
Mideast infrastructure hit by advanced, 2-year cyber-espionage attack: Fortinet
A state-sponsored hacking group conducted a nearly two-year cyber-espionage campaign targeting critical national infrastructure (CNI) in the Middle East, using novel malware to breach and maintain access across both IT…
Egypt’s FRA issues new website and cybersecurity rules for insurance sector
Egypt's Financial Regulatory Authority (FRA) has issued new regulations establishing licensing, technical, and cybersecurity standards for the websites of all companies and individuals operating in the country's insurance sector. The…
Egypt’s Agriculture Minister explores boosting development strategies, food security with global experts
Alaa Farouk, Minister of Agriculture and Land Reclamation, held high-level discussions with Mafa Chipeta, former international expert in agricultural strategy and policy formulation at the UN Food and Agriculture Organization…
US firm VXI to create 4,000 jobs in Egypt in $135m expansion
American outsourcing firm VXI plans to create 4,000 new jobs in Egypt as part of a $135m expansion that aims to increase its local workforce to 5,000 specialists by the…
Egypt PM warns of higher oil prices from regional war after 1st Crisis Committee meeting
Egypt's Prime Minister Mostafa Madbouly on Wednesday warned that a continuation of the current regional conflict could lead to higher petroleum prices and potential shortages, after chairing the first meeting…