Egypt’s Al-Mashat, IMF mission discuss reforms, external financing
Egypt's Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, met with an International Monetary Fund (IMF) mission, led by Ivanna Vladkova Hollar, on Wednesday to review macroeconomic indicators,…
Gaza bleeds: Israeli escalation undermines truce talks amid deepening humanitarian catastrophe
Gaza endured another devastating dawn on Wednesday as Israeli warplanes launched one of the heaviest bombardments since the conflict began on October 7, 2023. Airstrikes targeted multiple areas across…
Al-Sisi pushes for accelerated health, education reforms, AI integration
Egypt's President Abdel Fattah Al-Sisi held a series of high-level meetings on Wednesday to assess progress in Egypt’s human development strategy, with a particular focus on healthcare, population policy, and…
Egypt launches specialized tax units to boost business confidence
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), has announced the establishment of several specialized units designed to support businesses and streamline tax processes. The new units—Investor Support,…
Egypt developing sustainable strategies for African investment, trade integration: GAFI Head
Egypt's government is currently developing sustainable strategies to facilitate investment flows and trade among African nations, aiming to create integrated partnerships with key players on the continent, including Morocco, to…
EGAS, Harbour Energy expand partnership to boost gas exploration at Disouq Field
Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, has announced a new agreement between the Egyptian Natural Gas Holding Company (EGAS) and Harbour Energy to expand exploration and production…
Suez Canal Authority urges Maersk to resume transits amid improved Red Sea security
Osama Rabie, Chairperson of the Suez Canal Authority (SCA), met on Wednesday with a senior delegation from A.P. Moller–Maersk Group to explore opportunities for renewed cooperation and a potential resumption…
Egypt’s food exports surge 21% in 2024
Egypt’s Food Export Council reported that food industry exports reached approximately $6.1bn in 2024, marking a 21% increase from 2023. The council said that frozen vegetables and fruits contributed $960m,…
ODE records 54.3% surge in Q1 2025 revenues to EGP 6.4bn
Orascom Development Egypt (ODE) reported a strong start to the year, with total revenues rising 54.3% year-on-year to EGP 6.4bn in the first quarter (Q1) of 2025. Gross profit more…
Beltone Holding reports EGP 2.8bn in revenues, EGP 703m in net profit for Q1 2025
Beltone Holding has announced strong financial results for the first quarter (Q1) of 2025, with consolidated operating revenues reaching EGP 2.8bn—a 2.2x increase year-on-year. Net profit surged to EGP 703m,…