Egyptian government reviews ICON’s development plan for 7 state-owned hotels
Egypt’s Prime Minister Moustafa Madbouly has reviewed development plans by the Arab Company for Hotel and Tourism Investments (ICON) for seven historic hotels, following the finalisation of a deal valued…
Egypt, Uganda foreign ministers discuss strengthening ties
Egypt's Minister of Foreign Affairs, Badr Abdelatty, and Uganda's Minister of State for Foreign Affairs, Henry Oryem Okello, discussed strengthening bilateral relations and coordinating on issues of mutual interest during…
Divisions on show as G7 tackles Israel-Iran, Russia-Ukraine wars
Leaders of the Group of Seven (G7) industrialised nations will begin their annual talks on Monday, seeking a united front as escalating wars in Ukraine and the Middle East cast…
Banks in Egypt report EGP 152.8bn in net profits for Q1 2025: CBE
Banks operating in the Egyptian market recorded net profits of approximately EGP 152.76bn during the first quarter of 2025, according to a report released by the Central Bank of Egypt…
Israel, Iran exchange airstrikes in unprecedented escalation, sparking fears of regional war
Tensions between Israel and Iran reached a dangerous new level on Sunday, as both countries launched direct missile and airstrikes on each other's territory—an unprecedented escalation that left scores dead…
IFC, AMEA Power launch Egypt’s first utility-scale battery storage system
The International Finance Corporation (IFC) announced on Sunday a landmark investment to support the development of Egypt’s first utility-scale battery energy storage system (BESS), in partnership with AMEA Power and…
Egypt to launch first airport management, operation tenders before year-end: Madbouly
Prime Minister Mostafa Madbouly announced on Sunday that Egypt will offer its first airports for private management and operation before the end of the year, marking a major step in…
Egypt secures $15.6bn in concessional financing for private sector since 2020: El-Mashat
Minister of Planning, Economic Development, and International Cooperation Rania El-Mashat announced during the “Development Finance to Foster Private Sector-Led Growth & Jobs” conference that concessional development financing for Egypt’s private…
Egyptian ministers highlight youth role in shaping health policy at Senate simulation meeting
Egypt’s Ministers of Health and Youth commended the vital role of young people in influencing public policy during a joint session on Sunday with participants of a Senate simulation model.…
FRA issues temporary licensing conditions for medical insurance, healthcare programme firms
The Financial Regulatory Authority (FRA), under the leadership of Mohamed Farid, has issued Decision No. 90 of 2025, introducing a temporary licensing framework for specialist medical insurance companies and healthcare…