🇪🇬 Daily News Egypt

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Egypt Healthcare Authority delivers over 330,000 mental health services across six governorates

The Egypt Healthcare Authority has provided over 330,000 mental health, support, counselling, and referral services within 227 primary care facilities across the first-phase governorates of the Universal Health Insurance system. The services were delivered at family medicine…

Egypt stresses water-food security link at Africa Forward Summit

Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, underscored that sustainable water management is essential for strengthening food security and improving the resilience of Africa’s agricultural systems against climate change and water scarcity. According to the…

Egyptian Awqaf ministry, state banks agree to instalment plan for Eid sacrifice vouchers

Buyers of state-managed Eid Al-Adha sacrificial meat vouchers will be able to pay in instalments over six months, following two cooperation protocols signed between the Ministry of Awqaf, Banque Misr, and the National Bank of Egypt. The agreements, witnessed by Prime Minister…

Egypt cabinet formalises deputy minister portfolios for foreign affairs, international cooperation and housing

The Egyptian cabinet, led by Prime Minister Mostafa Madbouly, approved decrees defining the specific portfolios of newly appointed deputy ministers, centralising the state’s oversight of foreign debt, international grants, and massive urban development projects. The decrees…

Egypt mandates strict environmental studies for new private ecotourism investments in Sinai reserves

Egypt’s Minister of Local Development and Environment Manal Awad mandated the prompt submission of detailed technical and environmental studies for proposed private sector ecotourism developments in Sharm El-Sheikh’s Peace Park and the Ras Mohammed and Nabq nature reserves.…

Egypt’s North Coast residential prices soar 390% amid investment boom: JLL

Egypt’s North Coast is rapidly emerging as a sophisticated investment destination for luxury residential and hospitality developments, driven by large-scale infrastructure projects, government-backed master planning and growing international investor interest, according to a…

GAFI reviews digital transformation plans to streamline investor services

Mohamed Awad, Chief Executive Officer of the General Authority for Investment and Free Zones (GAFI), held a meeting with officials from the authority’s Central Administration for Information Systems and Digital Transformation to review progress in implementing development and…

Monetary policy now key competitive edge for Egypt after recent economic reforms: Investment minister

Minister of Investment and Foreign Trade Mohamed Farid said Egypt’s monetary policy has become one of the country’s main competitive advantages for attracting investors, following the government’s handling of recent economic challenges. Farid made the remarks during a meeting…

Egypt, TotalEnergies sign MoU for natural gas exploration in western Mediterranean

Egypt’s Prime Minister Mostafa Madbouly witnessed on Wednesday the signing of a memorandum of understanding (MoU) between Egypt’s petroleum sector and France’s TotalEnergies to cooperate on natural gas exploration activities across a large area in the western Mediterranean. The…

‘EgyBest’ tells the story of a generation challenging traditional rules: Ahmed Malek

Egyptian actor Ahmed Malek is taking on a bold new cinematic experience with “EgyBest”, a film that has generated significant public attention since its announcement due to its connection to the world of digital platforms and a story inspired by real events that resonated with…

Talaat Moustafa Group achieves EGP 30bn in sales for “The Spine” in 15 days

Talaat Moustafa Group Holding (TMG) has achieved sales exceeding EGP 30bn for its “The Spine” project within 15 days of its official launch. The figure represents more than 65% of the targeted sales for the project’s first year, an indicator the group says reflects strong local…

Talaat Moustafa Group Q1 2026 Net Profit Rises 24% to EGP 5.5bn

Talaat Moustafa Group reported strong financial results for the first quarter of 2026, posting a 24% year-on-year increase in net profit to EGP 5.5bn, reflecting the group’s continued operational momentum across its core business segments. The group’s revenues rose 39%…

Egypt marks International Nurses Day, reaffirms support for healthcare workers

Egypt’s Health Ministry highlighted the importance of investing in nursing staff and expanding training programs during celebrations marking International Nurses Day, held under the slogan “Supporting nurses saves lives.” Health Minister Khaled Abdel Ghaffar emphasized that…

Iran signals possible 90% uranium enrichment, expands Hormuz posture as tensions rise

Iran escalated its rhetoric toward the United States and its regional allies on Tuesday, signaling it could raise uranium enrichment to near weapons-grade levels while declaring that its strategic concept of the Strait of Hormuz had fundamentally changed, as negotiations with…

Rayz Developments debuts in Egypt with BRX mixed-use project in New Cairo

Rayz Developments, the real estate arm of AlShams for Contracting and Engineering Works, has officially entered Egypt’s real estate market with the launch of its first mixed-use project, BRX, in New Cairo. The development reflects the company’s strategy to create integrated…

Egypt’s Nasser Social Bank sets FY 2026/27 draft budget at EGP 44.7bn

Egypt’s Nasser Social Bank has drafted a budget of EGP 44.7bn for the fiscal year (FY) 2026/27, an increase from the revised EGP 43.8bn for FY 2025/26, as the institution aims to expand social protection programmes and microfinance. The financial plan was outlined during a…

CIB posts Q1 2026 consolidated revenue of EGP 31.2bn, net profit of EGP 17.8bn

Commercial International Bank (CIB) reported consolidated net profit of EGP 17.8bn for the first quarter (Q1) of 2026, equivalent to EGP 4.65 per share, marking a 7% increase compared with the same period last year. The bank said it delivered resilient financial results despite…

Investment fund net assets surge to EGP 410bn in Q1 2026: FRA

The Financial Regulatory Authority (FRA), chaired by Islam Azzam, has issued its first report on the performance of investment funds operating in the Egyptian market during the first quarter (Q1) of 2026, revealing strong growth that reflects rising demand for investment funds…

Egypt, Türkiye’s Gürok Group discuss new glassware manufacturing project

Minister of Industry Khaled Hashem held talks with a delegation from Gürok Group to discuss the company’s plans to establish a new industrial project in Egypt specialising in glass tableware manufacturing for export markets. During the meeting, the two sides reviewed the…

World Bank urges stronger state asset measurement in Egypt’s public finance reforms

World Bank Global Director for Governance Arturo Herrera Gutierrez underscored the importance of measuring state assets in Egypt’s public finance management, noting that governments often emphasize financial flows, such as revenues, taxes, budgets, and public investment, while…

Egypt preparing second phase of OECD country programme: Planning minister

Ahmed Rostom, Minister of Planning and Economic Development, participated in a meeting of the External Relations Committee of the Organisation for Economic Co-operation and Development (OECD) to review areas of cooperation between Egypt and the organisation. During his remarks,…