Islamabad Ignites ‘Operation Wrath’ as Afghan Border Conflict Escalates
The crackle of anti-aircraft fire over Kabul and the dull thud of explosions near the gates of Bagram Airbase have signalled a volatile new chapter in the enduring friction between…
Egypt to upgrade 30 cultural palaces in 12 months under new strategy
Egypt plans to immediately begin the development of 30 cultural palaces across several governorates as the first phase of a 12-month plan to modernise the sector, Culture Minister Gihane Zaki said…
Higher Education Minister fast-tracks construction of new French University campus in New Administrative Capital
Construction of the new French University in Egypt (UFE) campus is progressing according to schedule as a "new generation" smart academic institution, Higher Education Minister Abdelaziz Konsowa said during a…
LNG tankers divert from Strait of Hormuz as war risk insurance is axed
LNG tankers have begun diverting from the Strait of Hormuz as seven of the world’s largest marine insurance associations move to cancel war risk coverage for vessels entering the Gulf…
Five investment banks pledge to establish specialised funds to support industrial sector
Five investment banks have pledged to establish specialised investment funds to support the industrial sector. This would strengthen the link between financing and production, expanding industrial capacity, increasing employment rates,…
Iranian missiles strike Tel Aviv as US-Israel offensive intensifies
The military confrontation between the United States and Israel on one side and Iran on the other entered its second day on Sunday, amid a sharp escalation that threatens to…
Egypt moves to secure strategic fuel reserves amid rising regional tensions
Egypt’s Prime Minister Mostafa Madbouly chaired a high-level meeting on Sunday to assess the readiness of the country’s energy sector in light of escalating military tensions across the region. The…
BRT offers $5bn cheaper alternative to metro: Transport Minister
Egypt’s Transport Minister Kamel Al-Wazir conducted an inspection tour of the Bus Rapid Transit (BRT) project. The tour focused on the final touches and operational readiness of the second phase,…
Egyptian banking syndicate signs $119.4m facility for Flex PET expansion
A syndicate of Egyptian banks has signed a long-term syndicated facility worth $119.4m for Flex PET Egypt to finance the second phase of its manufacturing plant in the Ain Sokhna…
Government steps up coordination to contain impact of airspace closures on Egyptian exports
The Ministries of Investment and Foreign Trade, Supply and Internal Trade, and Agriculture and Land Reclamation are intensifying coordination to assess and mitigate the repercussions of airspace closures in a…