Industry Minister issues new rules for licensing industrial activities outside designated zones
Minister of Industry Khaled Hashem has issued a new decision regulating the licensing framework for establishing, managing, and operating industrial activities outside officially designated industrial zones. The decision, which will…
Planning Minister explores strengthening strategic partnership with World Bank
Ahmed Rostom, Minister of Planning and Economic Development, held talks with a World Bank mission led by Stéphane Guimbert, the Bank’s Regional Director for Egypt, Yemen, and Djibouti. The meeting…
Trump threatens to destroy Iranian vessels as US naval blockade takes effect
US President Donald Trump said any small Iranian attack boats approaching a US-enforced naval blockade would be “eliminated immediately,” escalating tensions as Washington’s restrictions on Iranian ports came into force…
Egypt, Uganda deepen economic ties, Nile cooperation
Egypt’s Foreign Minister Badr Abdelatty has met with Uganda’s State Minister for Foreign Affairs Henry Okello on the sidelines of the Invest in Uganda Forum, organized in cooperation with the…
Petrogulf boosts Gulf of Suez output by 10,000 barrels per day
Petrogulf, a subsidiary of the South Valley Egyptian Petroleum Holding Company, has raised production from its Gulf of Suez fields to around 26,600 barrels per day, up from approximately 17,000…
Global oil supply, economic growth face severe hit from planned Strait of Hormuz blockade
Global energy markets are bracing for a severe supply shock that threatens to fuel inflation and deal a significant blow to economic growth, following US President Donald Trump's decision to…
A-Plus secures ministerial approval for Jiran Residence in October Gardens
A-Plus Developments has announced that it has obtained the ministerial decree for its Jiran Residence project in October Gardens, West Cairo, marking a key regulatory milestone. The company stated that…
Free Brokers platform records EGP 1bn in third-party sales in Q1, targets EGP 4bn for 2026
Free Brokers has announced that it recorded EGP 1bn in third-party sales during the first quarter (Q1) of 2026, as it targets total sales of EGP 4bn by year-end. Since…
VRE Developments launches Town Center 2 in Shorouk City
VRE Developments has announced the launch of its latest project, Town Center 2, in Shorouk City, marking a continued expansion of its portfolio in East Cairo. The company said the…
Deyaar targets EGP 3bn in sales for 2026
Deyaar for Construction and Development has announced plans to achieve sales of between EGP 2bn and EGP 3bn in 2026, supported by its growing portfolio of projects in West Cairo.…