Suez Canal Bank reports EGP 3.63bn net profit in H1 2026
Suez Canal Bank (SCB) delivered strong financial results during the first half of 2026, supported by robust growth across its core banking activities despite a macroeconomic environment marked by easing…
HDB posts EGP 9.924bn net profit in H1 2026
Housing and Development Bank (HDB) delivered strong financial results during the first half (H1) of 2026, underpinned by its solid financial position, efficient business model and flexible operating policies, as…
Egypt’s National Navigation Company takes delivery of two 82,000-ton dry bulk carriers from China
Egypt’s National Navigation Company has received two new 82,000-ton Kamsarmax dry bulk carriers, "Wadi El Nil" and "Wadi El Kamar," from the Chinese shipyard New Hantong as part of a…
Edita Food Industries posts 31% profit growth in Q2 2026
Edita Food Industries reported a 31.1% year-on-year increase in net profit during the second quarter (2Q) of 2026, reaching EGP 706.7m, as strong demand, higher sales volumes and pricing measures…
Egyptian mission uncovers three tombs from ancient eras in Bahariya Oasis
An Egyptian archaeological mission working at the Sheikh Soby archaeological site in Egypt's Bahariya Oasis has uncovered three tombs dating to different periods of ancient Egypt, along with mummies, limestone…
Egypt launches international bid round for oil, gas exploration in 14 areas
Petroleum and Mineral Resources Minister Karim Badawi has announced the launch of the 2026 international bid round for crude oil and natural gas exploration, offering 14 new exploration areas to…
Egypt targets 45% renewable energy share by 2028
Egypt is targeting renewable energy to account for 45% of its total electricity generation by 2028 as it accelerates investments in clean energy, battery storage systems and local manufacturing. President…
Trump asserts full control of Hormuz Strait amid stalled Iran ceasefire and IEA supply warnings
US President Donald Trump asserted on Wednesday that the United States maintains complete control over the Strait of Hormuz, characterising the American naval blockade on Iran as a "wall of…
RAYA CX reports EGP 1.7bn in H1 2026 revenue, up 29.3%
RAYA CX, a subsidiary of Raya Holding for Financial Investments, reported consolidated revenues of EGP 1.7bn in the first half (H1) of 2026, marking a 29.3% year-on-year increase from EGP…
Coordination between cabinet, Future of Egypt bolsters national projects, food security
Minister of State for Military Production Salah Gamblat held a meeting with Minister of Supply and Internal Trade Sherif Farouk and Executive Director of the Future of Egypt Authority for…