Market News
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European Stocks Hold Muted Momentum
Thursday 16/07/202616:23:54 PMRead moreEuropean Stocks Hold Muted Momentum
Trading Economics-
European stock indices closed flat on Thursday, extending the muted momentum from the two prior sessions as concerns of energy-driven inflation weighed against positive corporate news. The Euro STOXX 50 closed flat at 6,268 and the STOXX Europe 600 closed flat at 643. Luxury brands gained on further support from the strong Richemont earnings yesterday, with LVMH and Hermes adding 1.5%. Also, Publicis rose 3% after raising its full-year guidance. On the other hand, higher gas prices pressured utilities and magnified uncertainty for the power-hungry AI infrastructure producers and operators. Enel, Schneider, and Siemens Electric dropped between 2.5% and 1.5%. For energy producers, TotalEnergies fell 1.5% after its earnings preview indicated that Q2 profits are expected to benefit from higher oil prices, although LNG earnings are projected to decline sharply. -
UK Stocks Finish Higher
Thursday 16/07/202616:23:30 PMRead moreUK Stocks Finish Higher
Trading Economics-
London's FTSE 100 erased early losses to close about 0.5% up at 10,572 on Thursday, as investors assessed a slew of corporate releases and domestic data while monitoring ongoing tensions in the Middle East. Strong gains in industrials offset weakness in miners and tech stocks. Rotork soared more than 60% after agreeing to a £4.1 billion takeover by Swiss engineering group ABB, lifting sentiment across the industrial engineering sector and sending shares of Weir Group, IMI, Spirax Group, Smiths Group, and DCC higher. Diploma surged over 6% after raising its margin outlook and forecasting stronger-than-expected organic revenue growth. By contrast, Ocado tumbled more than 10% after underwhelming full-year results, while Experian (-1%) and Trustpilot (-10.7%) also fell following trading updates. Frasers Group declined 1.9% after reporting a 4% drop in annual adjusted pre-tax profit and withholding full-year guidance, citing takeover bids and a challenging consumer environment. -
Insider Trading Executions for Novida for Investment and Technology
Thursday 16/07/202616:16:03 PMRead moreInsider Trading Executions for Novida for Investment and Technology
Insider Trading Executions: Trading Session: 15/ 7 /2026
Company Name: Novida for Investment and Technology
Position:Insider
Transaction: Buy
Number of Shares: 119000 -
Insider Trading Executions for Future Care for Medical Industries - FCMI
Thursday 16/07/202616:13:18 PMRead moreInsider Trading Executions for Future Care for Medical Industries - FCMI
Insider Trading Executions: Trading Session: 15/ 7 /2026
Company Name: Future Care for Medical Industries - FCMI
Position:Insider
Transaction: Buy
Number of Shares: 200000 -
Insider Trading Executions for Future Care for Medical Industries - FCMI
Thursday 16/07/202616:12:40 PMRead moreInsider Trading Executions for Future Care for Medical Industries - FCMI
Insider Trading Executions: Trading Session: 15/ 7 /2026
Company Name: Future Care for Medical Industries - FCMI
Position:Insider
Transaction: Sell
Number of Shares: 100000 -
Insider Trading Executions for Fawry For Banking Technology And Electronic Payment
Thursday 16/07/202616:10:40 PMRead moreInsider Trading Executions for Fawry For Banking Technology And Electronic Payment
Insider Trading Executions: Trading Session: 15/ 7 /2026
Company Name: Fawry For Banking Technology And Electronic Payment
Position: Related Parties for Insider
Transaction: Buy
Number of Shares: 150000
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Insider Trading Executions for Fawry For Banking Technology And Electronic Payment
Thursday 16/07/202616:10:14 PMRead moreInsider Trading Executions for Fawry For Banking Technology And Electronic Payment
Insider Trading Executions: Trading Session: 15/ 7 /2026
Company Name: Fawry For Banking Technology And Electronic Payment
Position: Insider
Transaction: Sell
Number of Shares: 3750000
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Insider Trading Executions for Marsa Marsa Alam For Tourism Development
Thursday 16/07/202616:09:18 PMRead moreInsider Trading Executions for Marsa Marsa Alam For Tourism Development
Insider Trading Executions: Trading Session: 15/ 7 /2026
Company Name: Marsa Marsa Alam For Tourism Development
Position: Related Parties for Major Shareholders
Transaction: Buy
Number of Shares: 1700
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Insider Trading Executions for Pyramisa Hotels
Thursday 16/07/202616:08:28 PMRead moreInsider Trading Executions for Pyramisa Hotels
Insider Trading Executions: Trading Session: 15/ 7 /2026
Company Name: Pyramisa Hotels
Position: Related Parties for Insider
Transaction: Buy
Number of Shares: 2676
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Insider Trading Executions for Pyramisa Hotels
Thursday 16/07/202616:08:13 PMRead moreInsider Trading Executions for Pyramisa Hotels
Insider Trading Executions: Trading Session: 15/ 7 /2026
Company Name: Pyramisa Hotels
Position: Related Parties for Insider
Transaction: Sell
Number of Shares: 238
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Insider Trading Executions for EGX 30 INDEX ETF
Thursday 16/07/202616:07:25 PMRead moreInsider Trading Executions for EGX 30 INDEX ETF
Insider Trading Executions: Trading Session: 15/ 7 /2026
Company Name: EGX 30 INDEX ETF
Position: Major shareholder
Transaction: Buy
Number of Shares: 92098
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Insider Trading Executions for GB Corp
Thursday 16/07/202616:05:43 PMRead moreInsider Trading Executions for GB Corp
Insider Trading Executions: Trading Session: 15/ 7 /2026
Company Name: GB Corp
Position: Insider
Transaction: Sell
Number of Shares: 2500
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Insider Trading Executions for TMG Holding
Thursday 16/07/202616:04:59 PMRead moreInsider Trading Executions for TMG Holding
Insider Trading Executions: Trading Session: 15/ 7 /2026
Company Name: TMG Holding
Position: Insider
Transaction: Sell
Number of Shares: 160000
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Insider Trading Executions for Suez Canal Bank
Thursday 16/07/202616:03:42 PMRead moreInsider Trading Executions for Suez Canal Bank
Insider Trading Executions: Trading Session: 15/ 7 /2026
Company Name: Suez Canal Bank
Position: Insider
Transaction: Buy
Number of Shares: 146
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Insider Trading Executions for Egyptian Financial & Industrial
Thursday 16/07/202616:02:44 PMRead moreInsider Trading Executions for Egyptian Financial & Industrial
Insider Trading Executions: Trading Session: 15/ 7 /2026
Company Name: Egyptian Financial & Industrial
Position: Insider
Transaction: Sell
Number of Shares: 24000
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Insider Trading Executions for Sabaa International Company For Pharmaceutical and Chemical
Thursday 16/07/202616:01:22 PMRead moreInsider Trading Executions for Sabaa International Company For Pharmaceutical and Chemical
Insider Trading Executions: Trading Session: 15/ 7 /2026
Company Name: Sabaa International Company For Pharmaceutical and Chemical
Position: Major shareholder
Transaction: Sell
Number of Shares: 400000
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Insider Trading Executions for Eastern Tobacco
Thursday 16/07/202616:00:38 PMRead moreInsider Trading Executions for Eastern Tobacco
Insider Trading Executions: Trading Session: 15/ 7 /2026
Company Name: Eastern Tobacco
Position: Insider
Transaction: Buy
Number of Shares: 3000
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Insider Trading Executions for Golden Textiles & Clothes Wool
Thursday 16/07/202615:35:05 PMRead moreInsider Trading Executions for Golden Textiles & Clothes Wool
Insider Trading Executions: Trading Session: 15/ 7 /2026
Company Name: Golden Textiles & Clothes Wool
Position: Related Parties for Insider
Transaction: Sell
Number of Shares: 38595
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Insider Trading Executions for Golden Textiles & Clothes Wool
Thursday 16/07/202615:34:44 PMRead moreInsider Trading Executions for Golden Textiles & Clothes Wool
Insider Trading Executions: Trading Session: 15/ 7 /2026
Company Name: Golden Textiles & Clothes Wool
Position: Insider
Transaction: Sell
Number of Shares: 262000
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Insider Trading Executions for The Arab Dairy Products Co. Arab Dairy ‐ Panda
Thursday 16/07/202615:33:51 PMRead moreInsider Trading Executions for The Arab Dairy Products Co. Arab Dairy ‐ Panda
Insider Trading Executions: Trading Session: 15/ 7 /2026
Company Name: The Arab Dairy Products Co. Arab Dairy ‐ Panda
Position: Insider
Transaction: Sell
Number of Shares: 3400000
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Insider Trading Executions for Industrial & Engineering Enterprises Co.
Thursday 16/07/202615:32:22 PMRead moreInsider Trading Executions for Industrial & Engineering Enterprises Co.
Insider Trading Executions: Trading Session: 15/ 7 /2026
Company Name: Industrial & Engineering Enterprises Co.
Position: Related Parties for Insider
Transaction: Sell
Number of Shares: 203451
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Insider Trading Executions for Industrial & Engineering Enterprises Co.
Thursday 16/07/202615:32:02 PMRead moreInsider Trading Executions for Industrial & Engineering Enterprises Co.
Insider Trading Executions: Trading Session: 15/ 7 /2026
Company Name: Industrial & Engineering Enterprises Co.
Position: Insider
Transaction: Sell
Number of Shares: 800000
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Insider Trading Executions for Lotus For Agricultural Investments And Development
Thursday 16/07/202615:30:38 PMRead moreInsider Trading Executions for Lotus For Agricultural Investments And Development
Insider Trading Executions: Trading Session: 15/ 7 /2026
Company Name: Lotus For Agricultural Investments And Development
Position: Insider
Transaction: Sell
Number of Shares: 20500000
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Egypt ranks 20th out of 67 countries in the 2025 Climate Change Performance Index:Statistics Authority
Thursday 16/07/202615:17:18 PMRead moreEgypt ranks 20th out of 67 countries in the 2025 Climate Change Performance Index:Statistics Authority
Youm7-
The Central Agency for Public Mobilization and Statistics (CAPMAS) issued a press release today, Thursday, regarding the annual bulletin of environmental and climate change statistics for 2024.
Egypt ranked 20th out of 67 countries included in the Climate Change Performance Index for 2025, while it ranked 101st out of 180 countries included in the Environmental Performance Index for 2024.
Highest Monthly Average
The highest monthly average maximum temperature in Egypt during 2024 was 45.3 degrees Celsius in June at the Aswan monitoring station, while the lowest average temperature was 31.3 degrees Celsius in July at the Hurghada monitoring station. The Ras El Tin monitoring station also recorded the highest monthly average relative humidity in Egypt during 2024, reaching 75% in July.
The area of protected marine and coastal ecosystems in Egypt reached 7.3% of the total area of marine and coastal ecosystems in 2023.
The amount of electricity generated from new and renewable energy sources (wind and solar) reached 11,631 gigawatt-hours in 2023/2024, an increase of 9.3% compared to 2022/2023.
The contribution of electricity generated from new and renewable energy sources (wind and solar) increased to 5.1% of total electricity generation in 2023/2024, compared to 5% in 2022/2023.
The number of vehicles converted to run on natural gas increased from 507,300 at the end of 2022/2023 to 553,500 by the end of 2023/2024, representing a 9% increase.
The highest value of imports of hazardous waste by the top five countries transiting the Suez Canal and Egyptian ports reached 44,500 tons, with India being the sole importer. Conversely, the highest value of exports of hazardous waste by the top five countries transiting the Suez Canal and Egyptian ports reached 55,000 tons, with Canada being the sole importer, all during 2023.
Total government spending on environmental protection increased by 73.3% in 2023/2024 compared to 2019/2020.
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The Chamber of Tourist Establishments launches its new logo as part of its comprehensive digital transformation plan
Thursday 16/07/202615:16:14 PMRead moreThe Chamber of Tourist Establishments launches its new logo as part of its comprehensive digital transformation plan
Youm7-
New Visual Identity and Supporting Electronic Services for Chamber Members
The Chamber of Tourist Establishments and Restaurants launched its new logo, reflecting a modern approach to institutional development and digital transformation. This initiative is part of the strategic plan developed by the Chamber's Board of Directors, chaired by Mr. Yasser Al-Tagoury, the Chamber's President, to meet the demands of the current phase and support the tourism and restaurant sector.
The new logo features a modern visual identity that reflects the nature of the Chamber's work and its vital role in supporting the tourism and hospitality industry, aligning with the state's drive towards digitalization, streamlining procedures, and improving the quality of services provided to member establishments.
The Chamber emphasized that the logo launch is not merely a cosmetic change, but rather the beginning of a new phase based on expanding the use of digital and technological solutions. This will be achieved through the development of an integrated electronic services system aimed at supporting and marketing member establishments and enhancing their presence both locally and internationally.
Providing Electronic Services to Support Tourist Establishments
The Chamber explained that its plan includes providing electronic services to support member tourist establishments and restaurants. These services will facilitate financial and administrative procedures, reduce time and effort, and positively impact the work and investment environment within the sector.
The plan also includes expanding the Chamber's and its members' marketing efforts through modern digital platforms and providing more effective communication channels with members, thereby enhancing their competitiveness and improving the quality of services offered to tourists.
The Chamber's Board of Directors affirmed that the next phase will witness further developmental steps within a comprehensive vision aimed at modernizing operational mechanisms, strengthening partnerships with tourism establishments, and supporting the state's efforts to achieve comprehensive digital transformation within the tourism sector. -
CBE issues treasury bills worth EGP115 billion
Thursday 16/07/202615:15:40 PMRead moreCBE issues treasury bills worth EGP115 billion
The Central Bank of Egypt is offering treasury bills worth EGP 115 billion today, Thursday, with maturities of 182 and 394 days, in coordination with the Ministry of Finance. This will be done through two tranches: the first tranche is worth EGP 45 billion with a maturity of 182 days, while the second tranche is worth EGP 70 billion with a maturity of 364 days.
Treasury bills are a government debt instrument issued with maturities ranging from three months to one year; therefore, they are considered short-term securities.
The Monetary Policy Committee of the Central Bank of Egypt, in its last meeting, decided to maintain the key interest rates unchanged. Accordingly, the overnight deposit and lending rates and the Central Bank's main operation rate were kept at 19.00%, 20.00%, and 19.50%, respectively. The discount rate was also kept at 19.50%. The Ministry of Finance authorizes the Central Bank, throughout the fiscal year, to manage its own offerings of treasury bills and bonds in Egyptian pounds, provided that the proceeds are financed and spent on the items of the state’s general budget for the current fiscal year. -
A banking consortium of three banks provides Orascom Development Egypt with syndicated financing worth EGP 18 billion
Thursday 16/07/202615:14:54 PMRead moreA banking consortium of three banks provides Orascom Development Egypt with syndicated financing worth EGP 18 billion
Orascom Development Egypt announced that one of its subsidiaries, Orascom Real Estate S.A.E., has signed a syndicated financing agreement worth EGP 18 billion with a tenor of 10 years with Commercial International Bank Egypt (CIB), Banque Misr, and the National Bank of Egypt (NBE) to support the completion of development works at its flagship project in West Cairo, O West.
The financing agreement was signed in the presence of
Naguib Sawiris
, Chairman of Orascom Holding Development, and
Dr. Eskander Touma
, along with representatives of the participating banks, including
Amr El Ganainy
,
Hisham Okasha
, and
Mohamed El Etreby
, in addition to several executives from Orascom Development Egypt and the participating banks.
The agreement will contribute to supporting the completion of the current and future development phases of O West, accelerating construction progress in line with the project’s continuous growth and increasing demand, and supporting Orascom Development Egypt’s plans for continued growth and expansion.
Securing financing of this size and duration reflects the confidence of major banking institutions in the strong operational performance of Orascom Real Estate, the quality of its assets, its long-term strategy, and its ability to secure long-term financing on competitive terms. The transaction represents a successful model of cooperation between the banking and real estate sectors to support long-term investments and strengthen the role of financial institutions in financing urban and economic development projects in the Egyptian market.
The participating banking consortium includes CIB as Initial Mandated Lead Arranger, Facility Marketing Bank, Facility Agent, and Account Bank; Banque Misr as Initial Mandated Lead Arranger, Facility Marketing Bank, and Security Agent; and National Bank of Egypt as Initial Mandated Lead Arranger and Facility Marketing Bank.
MHR & Partners together with White & Case acted as legal counsel to Orascom Real Estate, while Sarie Eldin & Partners acted as legal counsel to the participating banks. The legal advisors played a significant role in the successful completion of the transaction through the provision of the necessary legal support throughout its various stages.
Orascom Development Egypt
“At Orascom Development, we believe that real investment is long-term investment, which is why we view the Egyptian market as one of the most promising markets in the region, given its strong growth fundamentals and investment opportunities. Our continued investment and expansion reflect our confidence in the future of this market and its ability to generate sustainable value over the long term.”
Dr. Eskander Touma added:
“O West is one of the clearest embodiments of this vision. We did not design it merely as a real estate project, but as a sustainable city that provides a fully integrated living experience capable of meeting present and future needs. This agreement will support the project’s future expansions in line with growing demand and ensure the completion of our vision according to the highest quality standards.”
He continued:
“This agreement also reflects the level of confidence that Orascom Development enjoys among major banking institutions, a confidence that we deeply value because it demonstrates the strength of our business model, the quality of our assets, and our ability to deliver projects that create sustainable value for our customers while supporting urban and economic development in Egypt.”
CIB
Amr El Ganainy
stated:
“This financing reflects the pivotal and strategic role that CIB continues to play in arranging and managing syndicated loans, thereby supporting economic growth and the development of Egypt’s real estate sector through participation in major development projects with significant economic impact.”
He added:
“We are proud of our partnership with Orascom in this transaction. Financing O West represents a new milestone in the development of integrated urban communities that provide a comprehensive environment for living, working, and services, in line with the state’s urban expansion strategy. At CIB, we will continue leveraging our financial and banking expertise to provide innovative financing solutions that create added value for all stakeholders and contribute to driving development forward.”
Banque Misr
Hisham Okasha
confirmed:
“The bank’s participation in the syndicated financing with a share of EGP 7 billion comes within the framework of its role in supporting the Egyptian economy. It reflects our expertise in syndicated loans and our commitment to providing integrated financing solutions that support economic sectors, foremost among them the real estate sector, which is one of the main drivers of economic growth.”
He added that the bank attaches special importance to supporting real estate developers and major urban projects in order to attract more investments, create job opportunities, and advance economic development in line with
Egypt Vision 2030
.
Okasha also praised the cooperation among the participating banks’ teams, which successfully completed all financing stages with efficiency and professionalism, noting that qualified banking professionals are among the most important factors behind the successful structuring and execution of major syndicated financings.
National Bank of Egypt
For his part,
Mohamed El Etreby
stated:
“The bank’s participation in this syndicated financing comes within the framework of its strategy to support major projects with economic and developmental feasibility and to actively contribute to financing vital sectors that support economic growth, particularly the real estate development sector, given its important role in driving urban development and stimulating numerous related industries and activities, in addition to creating more job opportunities.”
El Etreby added:
“Financing O West reflects the National Bank of Egypt’s confidence in the project and its commitment to continuing cooperation with leading banking institutions and companies to finance projects that support the state’s urban development plans and achieve sustainable economic growth.”
He noted that the National Bank of Egypt is participating in the financing as Initial Mandated Lead Arranger, Facility Marketing Bank, and Account Bank for the borrower’s contribution.
A successful model of cooperation
The agreement represents a successful model of cooperation between the banking and real estate sectors, highlighting the pivotal role of financial institutions in supporting major investments and enabling urban development projects to continue growing and expanding, thereby contributing to strengthening the national economy and reinforcing confidence in Egypt’s investment climate. -
The United Bank raises the return on its three-year Excellence Certificate to 18% annually
Thursday 16/07/202615:13:10 PMRead moreThe United Bank raises the return on its three-year Excellence Certificate to 18% annually
The United Bank announced on its official social media page an increase in the interest rate on its Tamayuz savings certificate to 18% annually, paid monthly, and 17.25% fixed annual interest paid daily. The Tamayuz certificate is one of the most important savings certificates offered by United Bank.
United Bank offers the Tamayuz savings certificate with various payment frequencies to suit customer needs, in addition to the possibility of obtaining loans secured by the certificate, according to the bank's credit policy.
Details of the Tamayuz Fixed Interest Savings Certificate from United Bank:
• Certificate term: 3 years
• Minimum purchase amount: EGP 1 million
• Certificate available to individuals only
• Certificate currency: Egyptian Pounds only
• Interest payment frequency: Daily or monthly
• Interest rate: 17.25% daily, 18% monthly
• Certificate can be redeemed after 6 months from the purchase date, according to the redemption schedule
• Loans can be obtained using the certificate as collateral, according to the bank's credit policy. -
Food industry exports reached $2.43 billion in four months; quality and food safety are essential for opening markets:The Food Export Council
Thursday 16/07/202615:12:19 PMRead moreFood industry exports reached $2.43 billion in four months; quality and food safety are essential for opening markets:The Food Export Council
In the presence of the Head of the Food Safety Authority and with the participation of the Export Council
Beti organizes a panel discussion entitled “From Standards to Implementation: Egypt’s Vision for Enhancing Food Quality and Safety”
Dr. Tarek El-Houby: Food safety is a shared national responsibility, and partnership with the private sector supports the competitiveness of Egyptian products
The Export Council for Food Industries: Food industry exports reached $2.43 billion in four months, and quality and food safety are essential conditions for opening markets
Chris Abboud: “Beti” conducts 11 million analyses annually and invests more than 30 million Egyptian pounds in quality and control systems
Beti, a subsidiary of Almarai, organized an awareness panel discussion entitled “From Standards to Implementation: Egypt’s Vision for Enhancing Food Quality and Safety.” The event was attended by Dr. Tarek El-Houby, Head of the National Food Safety Authority, representatives from the Export Council for Food Industries, and a number of representatives from relevant authorities and leaders in the food industry sector. This initiative supports the state’s efforts to build a safe and sustainable food system and highlights the role of the private sector in implementing the highest standards of quality and food safety. The Food Export Council participated in the event, represented by Ms. Mai Khairy, the Council's Executive Director. Also participating were Mr. Mohamed Bashenfar, Mr. Ahmed Ghazi, Mr. Ahmed El-Ayouti, and Major General Hatem Hussein, members of the Board of Directors of the Food Industries Chamber, as well as Mr. Chris Abboud, General Manager of Beyti, a subsidiary of Almarai.
Dr. Tarek El-Houby, Chairman of the National Food Safety Authority, stated that food safety has transcended being merely a regulatory obligation and has become a shared national responsibility requiring integrated efforts between regulatory bodies and the private sector to build a more efficient, transparent, and sustainable system.
The head of the National Food Safety Authority explained that estimates from some international research centers indicate that the size of the Egyptian food market is approximately $175 billion, with the value of the food and agricultural industries market reaching about $30 billion, with projections of a 9% growth rate by 2030.
Dr. Tarek El-Houby pointed to the ongoing cooperation between the Authority, the Export Councils, the Food Industries Chamber, and companies to establish best practices and develop an integrated system starting from the farm and passing through manufacturing, production, and packaging processes, all the way to the final product. This enhances food safety and increases the competitiveness of Egyptian products in local and international markets.
He emphasized that effective partnership, the exchange of expertise, and strict adherence to best practices are the cornerstones for establishing a culture of compliance from source to consumer, strengthening public confidence in the food available, and opening wider horizons for Egyptian products to compete in local and international markets. For his part, Professor Chris Abboud, General Manager of Beyti, a subsidiary of Almarai, stated that the food industry sector is witnessing rapid development alongside increasing challenges related to food security, resource sustainability, and raising quality and food safety standards. He emphasized that the company's role extends beyond producing safe and high-quality food to include contributing to building a more efficient and sustainable food system that supports Egypt's vision and enhances the competitiveness of national industry.
He added that Beyti has invested more than EGP 30 million in laboratory analysis and control systems, in addition to operating 32 production lines equipped with the latest manufacturing and automated control technologies. The company also conducts more than 11 million analyses annually across various stages of production and implements over 1,000 inspection and self-monitoring campaigns, as well as more than 7,000 hours of auditing and review annually to ensure the application of the highest levels of quality and safety in all its operational processes.
He affirmed that the company continues to invest in quality, innovation, and human resource development as key elements to achieve its motto, "Quality You Can Trust," and to support the ability of Egyptian food industries to compete in local and global markets. He emphasized Beyti Company's commitment to applying the highest quality and food safety standards, reflected in its inclusion on the National Food Safety Authority's white list, demonstrating the alignment of its operational system with best practices in compliance and oversight.
He affirmed the company's continued support for the state's efforts and its commitment to fostering dialogue and knowledge exchange with relevant stakeholders, based on the belief that public-private partnerships are a cornerstone for building a more efficient and sustainable food system and enhancing the competitiveness of Egyptian products in local and international markets.
Ms. Mai Khairy, Executive Director of the Export Council for Food Industries, confirmed that quality and food safety standards have become essential factors in boosting the competitiveness of Egyptian exports and opening new markets. She explained that international markets no longer rely solely on price but increasingly focus on consistent quality, product safety, efficient traceability systems, and adherence to regulatory requirements. She noted that Egyptian food industry exports reached approximately $2.432 billion during the first four months of 2026, achieving a growth rate of 7.1% compared to the same period last year, after the sector's exports reached approximately $6.8 billion in 2025.
She explained that continued export growth requires increased company investments in quality control laboratories, production line upgrades, employee training, and the implementation of traceability systems. This will contribute to reducing the risk of shipment rejections, maintaining importers' confidence, and ensuring the sustainable presence of Egyptian products in foreign markets.
She pointed out that expanding into international markets should be based on studying the requirements of each market independently, selecting appropriate products, and enhancing companies' technical and export readiness before commencing exports. This will reduce commercial and regulatory risks and improve companies' ability to build long-term relationships with importers.
She emphasized the importance of integration between the National Food Safety Authority, the Export Council for Food Industries, the Chamber of Food Industries, and the private sector. She stressed that opening markets and increasing exports is a shared responsibility that begins with preparing the facility and product according to the required specifications, and ends with maintaining a sustainable presence for Egyptian products in target markets.
It is worth noting that the discussion session included the Export Council for Food Industries, Dr. Iman Helmy, Advisor to the Chairman of the National Food Safety Authority for Government Relations and International Cooperation, Eng. El-Shahat Selim, Advisor for Legislation and Government Relations at the Chamber of Food Industries, and Mr. Saud Zaki, Executive Vice President of Quality, Product Development, Occupational Health and Safety, and Environment at Beyti, an Almarai company. -
The Egyptian Electricity Transmission Company signs a contract to build a permanent transformer station in the Suez Canal to support development and stabilize the national grid
Thursday 16/07/202615:05:21 PMRead moreThe Egyptian Electricity Transmission Company signs a contract to build a permanent transformer station in the Suez Canal to support development and stabilize the national grid
As part of the state's commitment to developing and revitalizing Sinai and implementing national projects aimed at supporting comprehensive development and providing a robust infrastructure capable of meeting the needs of development and investment projects, the Ministry of Electricity and Renewable Energy continues to implement its plan to develop and support the unified national grid, considered one of the most important pillars of development. This is based on the directives and continuous follow-up of Dr. Mahmoud Esmat, Minister of Electricity and Renewable Energy.
In this context, Eng. Mona Rizk, Chairperson of the Egyptian Electricity Transmission Company, signed a contract with Al-Khorafi National, represented by Eng. Elia Saber, CEO of Al-Khorafi, for the construction of the permanent El-Tor substation, belonging to the Suez Canal Electricity Zone. The substation will operate at 220/66/11 kV and will be gas-insulated (GIS) on a turnkey basis.
The signing ceremony was witnessed by Eng. Ahmed Fathy, Head of Central Projects Sectors, and Eng. Zeinab Qamar, Head of the Central Projects Sector for Extra High Voltage.
The project aims to address the anticipated increase in future loads and replace the existing mobile substation with a permanent one. This will contribute to enhancing the stability of the electricity supply, raising the efficiency of the national grid within the Suez Canal Electricity Zone, and supporting development plans in Sinai and surrounding areas. The project is scheduled for completion within fifteen months, followed by a two-month period for feedback, if any, prior to initial handover, starting from the date of contract signing or site handover free of obstacles.
Engineer Mona Rizk confirmed that the project comes within the framework of directives from Dr. Mahmoud Esmat, Minister of Electricity and Renewable Energy, to continue implementing projects to strengthen and develop the unified national grid, in line with the state's comprehensive development plans and to ensure a safe and stable electricity supply for various development projects. She emphasized that the Egyptian Electricity Transmission Company is continuing to implement its plans to raise the efficiency of the grid, enhance its capacity to accommodate current and future loads, and support development efforts throughout the country. -
The Prime Minister chairs the weekly cabinet meeting
Thursday 16/07/202615:02:44 PMRead moreThe Prime Minister chairs the weekly cabinet meeting
Madbouly: Presidential directives are being implemented regarding irregular labor, freelance workers, and Egyptians working abroad, ensuring they receive social protection and healthcare coverage
The agricultural and livestock production projects inspected yesterday contribute to providing numerous job opportunities for young men and women and achieving food security; the private sector should undertake their management and operation
New Alamein is witnessing a tangible qualitative transformation in terms of housing unit deliveries, the operational launch of many projects, and attracting large numbers of residents and tourists
Dr. Mostafa Madbouly, Prime Minister, chaired the government’s weekly meeting today at its headquarters in New Alamein City to discuss a number of issues and files.
The Prime Minister began the meeting by referring to the developments in the regional political landscape, including the renewed escalation of events amid continuing tensions between the conflicting parties. He noted that this significant development in the regional situation has cast a shadow over difficult economic repercussions affecting oil supplies, along with the renewed crisis in maritime navigation and energy supplies. He emphasized that the Egyptian state, under the leadership of President Abdel Fattah El-Sisi, had previously warned that such escalation and recourse to military solutions would lead to serious repercussions on all levels — political and economic — and would result in numerous economic crises. He stressed that there is no solution except through diplomatic efforts and containing these tensions in order to calm the regional situation and achieve peace and security in the region.
In this context, Dr. Madbouly explained that while some had rushed to adopt a highly optimistic scenario regarding the end of the crisis, the government also took into consideration the worst-case scenario, namely the renewal of conflict and its impact on energy supplies. He pointed out that global oil prices had risen again to reach $85 per barrel after having declined to $72. He affirmed that the government is working seriously to contain these developments and their negative repercussions, while continuing intensive diplomatic efforts in the hope of calming the situation and reaching a permanent agreement that would end this escalating crisis as soon as possible.
During the meeting, the Prime Minister, on his own behalf and on behalf of the members of the government, expressed his sincere condolences on the passing of His Highness Sheikh Hamad bin Khalifa Al Thani, the former Emir of the State of Qatar. He extended his deepest sympathies to His Highness Sheikh Tamim bin Hamad Al Thani and to the brotherly Qatari people, noting that the President had traveled to Qatar to offer condolences to Sheikh Tamim and the Qatari people on behalf of the Egyptian people.
The Prime Minister also highlighted the fraternal visit paid by President Abdel Fattah El-Sisi to the Kingdom of Bahrain, noting that the President reaffirmed Egypt’s solidarity with Bahrain in light of the current regional developments and emphasized Egypt’s support for Bahrain’s security and stability. He also stressed Egypt’s rejection and condemnation of the unjustified attacks against Bahraini territory, describing them as a blatant violation of international law and a dangerous escalation threatening regional security and stability, while affirming that the security of Arab states is an extension of Egypt’s national security.
Dr. Madbouly further referred to the President’s reception of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, noting that the meeting addressed bilateral relations as well as regional and international issues of mutual interest, particularly the developments in the Middle East and the efforts aimed at avoiding further escalation.
Speaking about the President’s activities, the Prime Minister also pointed to the President’s honoring of the national football team players and awarding them the Cup of Merit and honorary decorations in recognition of their performance during the 2026 FIFA World Cup.
The Prime Minister then reviewed the meetings held this week, including several meetings conducted in implementation of President El-Sisi’s directives during the inauguration ceremony of the Strategic State Command Headquarters in the New Administrative Capital. He noted that three meetings had been held to follow up on presidential directives.
The first directive concerned food security, whereby the Future of Egypt Sustainable Development Authority, in partnership with the Ministries of Supply and Agriculture, was tasked with preparing an integrated program to ensure the availability of commodities and the stabilization and reduction of prices for citizens. He explained that extensive discussions had taken place with the relevant officials and that a comprehensive implementation plan had been agreed upon and would be presented to the Cabinet within days to begin executing the President’s directives.
The second directive concerned the media development plan. In this regard, preparations are underway for the conference called for by the President at the beginning of next December. A meeting was held with the Minister of State for Information and the heads of media and press councils and authorities to establish a full implementation plan.
The third directive was related to irregular labor, freelance workers, and Egyptians working abroad, ensuring that they obtain social protection and healthcare coverage. Work is currently underway in coordination with several ministries and entities to implement the President’s directives in this regard.
The Prime Minister also referred to the important development that took place during the visit to the El Dabaa Nuclear Power Plant, namely the installation of the reactor pressure vessel for the second unit, following the installation of the first unit’s pressure vessel several months earlier. He affirmed that the El Dabaa project is a giant electricity-generation project and expressed hope that it would begin producing electricity by the end of 2028 after the completion of all four units, enabling the state to reduce the import bill, which represents a financial burden amid current political fluctuations.
In this context, the Prime Minister thanked the Ministry of Electricity and Renewable Energy, the Nuclear Power Plants Authority, and all their employees for their tremendous efforts in realizing the Egyptian dream embodied in this giant project.
He also referred to his inspection tour yesterday of several livestock and agricultural production projects linked to achieving food security. The tour included three major projects, two of which belong to the private sector and operate in meat production, cattle breeding, and dairy production, in addition to agricultural projects producing important crops for the local market and export. He praised the quality of Egyptian products and their competitiveness.
The Prime Minister noted that his visit also included an inspection of the livestock production and dairy processing station affiliated with the Ministry of Agriculture, which is witnessing continuous development in cattle breeds through crossbreeding with highly productive foreign breeds, thereby contributing to increased meat and milk production. He emphasized that Egypt has achieved significant progress in this field through both the public and private sectors.
Dr. Madbouly praised the agricultural and livestock production projects he inspected yesterday, affirming that they provide numerous job opportunities for young men and women and play a major role in achieving food security. He thanked all workers in the Ministry of Agriculture and the private-sector projects, directing that the private sector should assume the management and operation of these projects due to its extensive expertise in this field.
The Prime Minister also reviewed the details of his tour yesterday of New Alamein City and its projects, expressing his appreciation to all those involved in implementing these projects. He stressed that New Alamein is witnessing a tangible qualitative transformation, whether in terms of housing unit delivery rates, the entry of many projects into operation, the attraction of large numbers of residents and tourists, or the expansion of services and landscaping works. This has been reflected in rising occupancy rates in the city. He praised the achievements accomplished, especially the delivery of housing units to thousands of beneficiaries and the launch of commercial projects that have generated significant economic activity. He extended his thanks to the Ministry of Housing, Utilities, and Urban Communities, the New Urban Communities Authority, the City Development Authority, and all ministry employees for their dedicated efforts. -
The Cabinet approves contracting with a specialized transportation and services company to establish an integrated logistics and service zone in Toshka city
Thursday 16/07/202615:00:37 PMRead moreThe Cabinet approves contracting with a specialized transportation and services company to establish an integrated logistics and service zone in Toshka city
Cabinet Meeting Decisions Chaired by Dr. Mostafa Madbouly
The Cabinet, in its meeting today chaired by Dr. Mostafa Madbouly, approved several decisions:
1. The Cabinet approved proceeding with contracting procedures with Elsewedy Electric to establish a project for manufacturing all types of electrical wiring harnesses and their components on a 22.6-acre plot of land in the Manshaat Kamal area of Fayoum Governorate.
2. The Cabinet approved the Ministry of Supply and Internal Trade, represented by the Holding Company for Food Industries, to contract for the construction of 300 strategic bakeries nationwide as a first phase, in implementation of presidential directives aimed at meeting citizens' needs for this strategic commodity and ensuring its availability in all governorates.
3. The Cabinet approved a draft law to merge the Egyptian Agricultural Authority with the Agricultural Research Center, with the Center assuming all the Authority's responsibilities. This aims to achieve integrated functions and benefit from the combined efforts of both the Egyptian Agricultural Authority and the Agricultural Research Center, which are affiliated with the Ministry of Agriculture and Land Reclamation.
This comes within the framework of the state's plan to develop and improve the performance of its affiliated entities, contributing to raising the level of government performance and improving the quality of services provided to citizens.
4. The Cabinet approved the draft presidential decree regarding the financing agreements for the project to strengthen Egypt's electricity grid – part of the green development projects package related to the energy sector within the framework of the national platform of the "Nawafi" program. This includes an investment grant of €35 million funded by the European Union, in addition to a technical cooperation grant of €2 million from the European Bank for Reconstruction and Development.
The project aims to strengthen and modernize the electricity transmission and distribution network by implementing several components that support grid stability and expand the use of wind energy, thus ensuring the achievement of Egypt's long-term strategy aimed at the rapid expansion of renewable energy by 2030.
5. Approval of the draft decree of the Prime Minister to change the name of the "National Bank of Egypt Integrated Care Hospital" in Katameya, Cairo Governorate, to "Katameya Specialized Hospital."
This hospital is one of the specialized medical centers for emergency services and road accident treatment, which the National Bank of Egypt contributed to establishing as part of its social responsibility. This decision comes after the hospital's affiliation was transferred to the Ministry of Health and Population for equipping and management, as the hospital is not owned by the National Bank of Egypt and is not among its assets.
6. The Cabinet approved the draft presidential decree to abolish the Housing Finance Fund, established by Presidential Decree No. 494 of 1979, transferring all the Fund's assets and resources to the New Urban Communities Authority. The Fund's Board of Directors will be dissolved, and the position of its Executive Director will be eliminated. The draft decree also stipulates that the New Urban Communities Authority will replace the Fund in contracts concluded with those allocated units from the Fund, assuming all rights and obligations arising from these contracts.
7. The Cabinet approved the Suez Canal Modern Boats Company's request to proceed with increasing its authorized capital from $100 million to $250 million.
8. The Cabinet approved proceeding with contracting procedures with a specialized transportation and services company. To establish an integrated logistics and services zone on 30 acres in Toshka City, Aswan Governorate, to serve the planned dry port project in the area, facilitating trade, transportation, and logistics in the Upper Egypt region.
This comes within the framework of implementing the directives of the political leadership to solidify Egypt's position as a regional and global hub for trade and logistics, and to encourage serious investments that contribute to achieving economic and urban development in promising areas. The aforementioned project represents a vital activity supporting trade and supply chains, in addition to its role in enhancing trade opportunities and supporting Egyptian exports of agricultural products and various goods and commodities. -
Annual Bulletin of Environment and Climate Change Statistics 2024:CAPMAS
Thursday 16/07/202614:59:34 PMRead moreAnnual Bulletin of Environment and Climate Change Statistics 2024:CAPMAS
The Central Agency for Public Mobilization and Statistics (CAPMAS) issued a press release today, Thursday, July 16, 2026, regarding the annual bulletin of environmental and climate change statistics for 2024.
Among the most important indicators are the following:
• Egypt ranked 20th out of 67 countries included in the Climate Change Performance Index for 2025. It also ranked 101st out of 180 countries included in the Environmental Performance Index for 2024.
• The highest average monthly maximum temperature in Egypt during 2024 was 45.3 degrees Celsius in June at the Aswan monitoring station, while the lowest average temperature was 31.3 degrees Celsius in July at the Hurghada monitoring station. The Ras El-Tin monitoring station also recorded the highest average monthly relative humidity in Egypt during 2024, reaching 75% in July.
• The area of protected marine and coastal ecosystems in Egypt reached 7.3% of the total area of marine and coastal ecosystems in 2023.
• The amount of electricity generated from new and renewable energy sources (wind and solar) reached 11,631 gigawatt-hours in 2023/2024, an increase of 9.3% compared to 2022/2023.
• The contribution of electricity generated from new and renewable energy sources (wind and solar) increased to 5.1% of total electricity generation in 2023/2024, compared to 5% in 2022/2023.
• The number of vehicles converted to run on natural gas increased from 507,300 at the end of 2022/2023 to 553,500 by the end of 2023/2024, an increase of 9%.
• • The highest value of imports of hazardous waste by the top five countries transiting the Suez Canal and Egyptian ports reached 44,500 tons, with India being the primary importer. Conversely, the highest value of exports of hazardous waste by the top five countries transiting the Suez Canal and Egyptian ports reached 55,000 tons, with Canada being the primary importer, all during 2023.
• Total government spending on environmental protection increased by 73.3% in 2023/2024 compared to 2019/2020. -
All banks operating in Egypt will be closed on Thursday, July 23, 2026:CBE
Thursday 16/07/202614:58:32 PMRead moreAll banks operating in Egypt will be closed on Thursday, July 23, 2026:CBE
The Central Bank of Egypt announced that, on the occasion of the anniversary of the July 23 Revolution, it was decided to suspend work in all banks operating in Egypt on Thursday, July 23, 2026, and work will resume on Sunday morning, July 26, 2026. Happy anniversary. -
The head of the Egyptian Stock Exchange discusses with the Singaporean ambassador ways to enhance cooperation between the two sides
Thursday 16/07/202614:57:28 PMRead moreThe head of the Egyptian Stock Exchange discusses with the Singaporean ambassador ways to enhance cooperation between the two sides
Mr. Omar Radwan, Chairman of the Egyptian Exchange (EGX), received Mr. Dominic Goh, Ambassador of the Republic of Singapore to Cairo, at the EGX headquarters in downtown Cairo. The two sides discussed ways to enhance bilateral cooperation in the capital market and attract more foreign investment to the Egyptian market.
The meeting addressed potential areas of cooperation between the EGX and the Singapore Exchange (SGX), and how to benefit from Singapore's leading experience as a global financial center connecting Asian and international markets, particularly in the areas of governance, the provision of advanced financial instruments, and the development of mutual funds. This opens new horizons for the exchange of technical expertise between the two sides.
During the meeting, Mr. Radwan emphasized that the EGX is keen to study and adopt Singapore's successful practices and experiences in developing its capital market, especially regarding digital transformation mechanisms and other related matters.
Mr. Radwan noted that the EGX is currently undergoing continuous development aimed at increasing market depth and streamlining listing and trading procedures, making it an attractive environment for major institutions. For his part, the Singaporean ambassador in Cairo praised the regulatory boom witnessed by the Egyptian economy and the financial market in particular. The ambassador reviewed the features of the Singaporean experience, which was based on building a flexible and strict legislative environment at the same time, which succeeded in attracting global capital. On the sidelines of this visit, Omar Radwan accompanied the Singaporean ambassador on a tour of the historic stock exchange headquarters in downtown Cairo and listened to a detailed explanation of the beginnings of trading in the stock exchange and its most important historical milestones. The two sides exchanged commemorative gifts. -
During the 2026 High-Level Political Forum in New York: Egypt launches its fourth Voluntary National Review on the 2030 Sustainable Development Goals
Thursday 16/07/202614:56:11 PMRead moreDuring the 2026 High-Level Political Forum in New York: Egypt launches its fourth Voluntary National Review on the 2030 Sustainable Development Goals
▪︎International Achievement: Egypt is among only 10 countries globally to have submitted four voluntary national reports monitoring progress in implementing the UN agenda.
▪︎Dr. Ahmed Rostom: The report affirms Egypt's commitment to transparency and continuous monitoring. The preparation process was characterized by an extensive participatory approach with the UNDP and all partners.
▪︎The report is based on four thematic clusters: human development, economic development, environment and climate, and governance and partnerships.
Dr. Ahmed Rostom, Minister of Planning and Economic Development, presented Egypt's fourth voluntary national report on progress in implementing the 2030 Sustainable Development Goals, prepared by the Ministry in cooperation with the United Nations Development Programme (UNDP). He presented the report during his participation in the 2026 High-Level Political Forum on Sustainable Development (HLPF) held in New York City, USA, in the presence of Ambassador Ehab Awad, Egypt's Permanent Representative to the United Nations.
With the release of the fourth edition of the report, the Arab Republic of Egypt becomes one of only 10 countries worldwide to have submitted four voluntary national reports (in 2016, 2018, 2021, and 2026). This reinforces national efforts to implement the UN agenda and reflects the state's ongoing commitment to transparency and monitoring progress in achieving the Sustainable Development Goals (SDGs) in line with its national priorities, despite the successive challenges and crises facing the global economy.
On this occasion, Dr. Ahmed Rostom emphasized that this report serves as a strong affirmation of the continuation of the national path towards achieving sustainable development and supports the resilience of the Egyptian economy in the face of ongoing global geopolitical and economic challenges and tensions since the COVID-19 pandemic.
The Minister of Planning and Economic Development added that the report's preparation process was characterized by a participatory approach that integrated various national entities and ministries, UN agencies, development partners, the private sector, parliament, youth, civil society, and academia. He explained that extensive consultations contributed to drafting a realistic report that supports evidence-based decision-making and policy development, thanking the Ministry's team and the UNDP for their fruitful coordination in completing the report.
Dr. Rostom noted that the report addresses key themes including: the methodology for its preparation, the development trajectory amidst multiple crises, a review of best practices and supporting policies, an analysis of progress achieved, and a vision for the future and the country's priorities.
The Minister of Planning and Economic Development added that the report's assessment relies on an analytical framework based on four main thematic groups: inclusive human development, economic and social development, environment and climate, and governance and partnerships. This allows for a comprehensive evaluation of all dimensions of development.
The report also identifies Egypt's priorities for accelerating the achievement of the 2030 Agenda, which include: strengthening structural transformation, increasing the private sector's contribution to growth, investing in human capital, supporting the green transition and climate finance, localizing spatial development, and enhancing governance and expanding sustainable financing mechanisms. It is worth noting that the High-Level Political Forum (HLPF) is held in New York under the auspices of the United Nations Economic and Social Council (ECOSOC), under the theme "Transformative, Equitable, Innovative and Coordinated Actions for a Sustainable Future for All." The 2026 edition will see 36 countries present their Voluntary National Reviews, including Egypt, Algeria, Bahrain, Brazil, Burkina Faso, Saudi Arabia, Senegal, and Switzerland.
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The Cabinet approves the merger of the Egyptian Agricultural Authority into the Agricultural Research Center, with the Center replacing the Authority in exercising all its functions
Thursday 16/07/202614:55:27 PMRead moreThe Cabinet approves the merger of the Egyptian Agricultural Authority into the Agricultural Research Center, with the Center replacing the Authority in exercising all its functions
The Cabinet approved a draft law to merge the Egyptian Agricultural Authority into the Agricultural Research Center, so that the Center would replace the Authority in carrying out all its functions, in an effort to achieve integration of functions, and to benefit from unifying the efforts and output of the work of both the Egyptian Agricultural Authority and the Agricultural Research Center, which are affiliated with the Ministry of Agriculture and Land Reclamation. This comes within the framework of the state’s plan to develop and improve the performance system of its affiliated bodies, which contributes to raising the level of government performance and improving the quality of services provided to citizens. -
The Cabinet approves the Ministry of Supply contracting to implement strategic bakeries, totaling 300 bakeries nationwide
Thursday 16/07/202614:54:47 PMRead moreThe Cabinet approves the Ministry of Supply contracting to implement strategic bakeries, totaling 300 bakeries nationwide
The Cabinet approved the Ministry of Supply and Internal Trade, represented by the Holding Company for Food Industries, to contract for the implementation of strategic bakeries, with a total of 300 bakeries nationwide as a first phase, in implementation of presidential directives in this regard, in an effort to provide citizens’ needs for this strategic commodity and supply it to all governorates. -
The Export Development Fund discusses with the Export Council for Medical Industries mechanisms to increase exports
Thursday 16/07/202614:54:01 PMRead moreThe Export Development Fund discusses with the Export Council for Medical Industries mechanisms to increase exports
■ Hatem El-Nawawy:
- Medical industries are among the promising export sectors.
- We are working to overcome the obstacles facing companies and enhance their readiness to expand into foreign markets.
- The continuous growth of medical industry exports reflects the development of the Egyptian industry's capabilities and competitiveness.
- Coordination with export councils to develop a supportive environment for export growth and to open new markets.
Within the framework of the Ministry of Investment and Foreign Trade's commitment to strengthening communication with export councils and monitoring the implementation of the state's export targets, and in accordance with the directives of Dr. Mohamed Farid, Minister of Investment and Foreign Trade, Hatem El-Nawawy, CEO of the Export Development Fund and the General Authority for Export Development, held a meeting with Dr. Mohi Mohamed Hafez, Chairman of the Export Council for Medical Industries, and Ms. Rasha Nasr, Executive Director of the Council, to discuss developments in the sector's performance, review opportunities for developing medical industry exports, and discuss the challenges facing exporting companies and mechanisms to enhance the competitiveness of Egyptian products in foreign markets.
The meeting reviewed the performance indicators of the medical industries sector, which continued to achieve strong and positive growth rates throughout 2025. This reflects the sector's stable export performance and its ability to maintain high levels of competitiveness in foreign markets.
The meeting also addressed the most prominent markets importing Egyptian products. Spain, Saudi Arabia, and Yemen topped the list of major markets for pharmaceutical exports, while Germany, Saudi Arabia, and the UAE led the markets for medical supplies and devices. Saudi Arabia, the UAE, and the UK accounted for the largest share of Egyptian cosmetic exports, reflecting the diversity of target markets across the Arab world and Europe, and the sector's broad growth potential.
Hatem El-Nawawy emphasized that the medical industries sector is a priority export sector due to its production capabilities and promising growth opportunities. He noted that the Export Development Fund is working in coordination with the Export Council and relevant authorities to overcome obstacles facing companies and enhance their readiness to expand into foreign markets, thus contributing to achieving the state's export targets. Al-Nawawi explained that the sector has proven its competitiveness, with the continued growth in exports reflecting the quality of Egyptian products regionally and internationally. He emphasized the importance of continuing to develop the business environment and strengthening partnerships with the private sector to support export growth and increase the added value of national industry.
He affirmed the Export Development Fund's commitment to supporting proposals that contribute to the development of the medical industries sector and to working in coordination with export councils and relevant authorities to overcome the challenges facing exporting companies, thereby enhancing the competitiveness of Egyptian products in foreign markets.
For his part, Dr. Mohi Mohamed Hafez, Chairman of the Export Council for Medical Industries, affirmed that the medical industries sector possesses significant opportunities to support the growth of Egyptian exports and strengthen Egypt's position as a regional hub in this field. He pointed to the importance of continued coordination among relevant entities to develop the sector, open new markets, and increase the competitiveness of Egyptian products.
He added that the council is committed to ongoing cooperation with the Ministry of Investment and Foreign Trade and the Export Development Fund to support exporting companies and maximize the utilization of available export opportunities, thus contributing to achieving the state's objectives of increasing exports. -
The Suez Canal Economic Zone receives the Belgian ambassador to discuss cooperation in priority sectors
Thursday 16/07/202614:53:16 PMRead moreThe Suez Canal Economic Zone receives the Belgian ambassador to discuss cooperation in priority sectors
Youm7-
The General Authority for the Suez Canal Economic Zone received the Ambassador of the Kingdom of Belgium to Cairo, Dr. Bart De Groof, this morning at its headquarters in Ain Sokhna. The meeting focused on exploring avenues for cooperation in priority sectors for both sides, including ports and logistics, chemicals, pharmaceuticals, engineering and metallurgy, and food and beverages.
The Belgian Ambassador was welcomed by Captain Ahmed Gamal, Vice Chairman of the Suez Canal Economic Zone for the Southern Region, and Mostafa Sheikhou, Vice Chairman of the Authority for Investment and Promotion. This took place in the presence of several of the Authority's executive leaders, in addition to the Commercial Attaché at the Belgian Embassy in Cairo.
Competitive Advantages of the Region
At the outset of the meeting, the two Vice Chairmen of the Suez Canal Economic Zone presented an overview of the Authority's key strengths and competitive advantages, which make it a preferred global investment destination. These advantages include its prime geographical location on both sides of the world's most important shipping lane, and the Authority's advanced ports on the Mediterranean and Red Seas, which are integrated with industrial and logistics zones, bringing manufacturing and production areas closer to targeted regional and international markets. The presentation also addressed the pivotal role of international free trade agreements, which provide investors within the Authority with full access to more than two billion targeted consumers worldwide. Furthermore, it highlighted the high level of infrastructure and facilities, the availability of energy resources, and a skilled workforce at competitive costs. The meeting also touched upon promising partnership opportunities with the business community in the Kingdom of Belgium, a key economic hub and the host country of the European Union, particularly given the extensive experience of Belgian companies in numerous sectors, most notably chemicals, materials technology, ports and logistics, and pharmaceuticals. Effective.
Field Tour
Following this, the Ambassador and the Commercial Attaché, accompanied by several Authority officials, conducted a field tour of a number of factories within the Sokhna Integrated Industrial Zone. These included factories in the renewable energy and building materials sectors, as well as one of the factories in the ready-to-operate industrial complex. The purpose of the tour was to learn about several successful investment models from various international countries within the Suez Canal Economic Zone, given the distinguished business environment offered by the Authority to investors, and the financial and non-financial incentives available to them. The tour concluded with a visit to the Sokhna Port to witness firsthand the significant development it has undergone, enabling it to play its important role in enhancing the integration of global supply chains. -
The Export Development Fund and the Export Council for Spinning and Weaving discuss opportunities to boost exports
Thursday 16/07/202614:52:43 PMRead moreThe Export Development Fund and the Export Council for Spinning and Weaving discuss opportunities to boost exports
Youm7-
In line with the Ministry of Investment and Foreign Trade's commitment to strengthening communication with export councils and monitoring the implementation of the state's export targets, and following directives from Dr. Mohamed Farid, Minister of Investment and Foreign Trade, Hatem El-Nawawy, CEO of the Export Development Fund and the Egyptian Export Development Authority, held a meeting with the Board of Directors of the Export Council for Spinning and Weaving, chaired by Eng. Hani Sallam, Chairman of the Council, to discuss ways to enhance the sector's competitiveness and increase exports.
The meeting reviewed the performance indicators of the spinning and weaving sector, which recorded exports of approximately $1.2 billion in 2025, achieving a growth rate of 9% compared to 2024. The sector accounted for approximately 23% of total Egyptian textile exports, which amounted to $5.2 billion, reflecting the sector's positive performance and continued export growth.
The meeting also reviewed the most prominent importing markets for the sector's products, with Turkey leading the list, followed by Algeria, Italy, and China, reflecting the diversity of foreign markets and the wide range of opportunities available for Egyptian products.
Hatem El-Nawawy emphasized that the spinning and weaving sector is a priority industrial and export sector due to its significant potential for increasing added value and boosting exports. He noted that the Export Development Fund is working in coordination with export councils and relevant authorities to support exporting companies and enhance their readiness to expand into foreign markets, thus contributing to achieving the state's export targets.
El-Nawawy explained that the Fund is keen to strengthen cooperation with export councils and listen to the visions and proposals of the private sector, which contributes to developing the business environment, supporting the competitiveness of Egyptian products, capitalizing on opportunities offered by trade agreements, and enhancing export access to foreign markets.
For his part, Engineer Hani Salam, Chairman of the Spinning and Weaving Export Council, affirmed that the sector possesses significant opportunities to increase exports and attract more investments, given its diversified industrial base and distinguished production capabilities. He pointed to the importance of continued cooperation with the Ministry of Investment and Foreign Trade and the Export Development Fund to support the sector's competitiveness and enhance its presence in foreign markets, thereby contributing to achieving the state's export targets. -
The Minister of Tourism is exploring ways to boost tourist traffic from the Czech Republic to Egypt
Thursday 16/07/202614:51:56 PMRead moreThe Minister of Tourism is exploring ways to boost tourist traffic from the Czech Republic to Egypt
Youm7-
During his official visit to Prague, the capital of the Czech Republic, Minister of Tourism and Antiquities Sherif Fathy met with Karel Havlيček, First Deputy Prime Minister and Minister of Trade and Industry of the Czech Republic, on the sidelines of the celebration held by the Egyptian Embassy to mark Egypt's National Day.
The meeting was attended by Ambassador Mahmoud Afifi, Ambassador of the Arab Republic of Egypt to the Czech Republic; Rana Gohar, Advisor to the Minister for Communication and Foreign Relations and General Supervisor of the General Administration for International Relations and Agreements at the Ministry; and Dr. Ahmed Nabil, Assistant Minister for Aviation and Follow-up.
Sherif Fathy began the meeting by thanking Karel Havlيček for his participation in the celebration of Egypt's National Day. The Czech First Deputy Prime Minister and Minister of Trade and Industry welcomed the Minister of Tourism and Antiquities to the Czech Republic.
During the meeting, the two sides emphasized the deep and distinguished relations between their countries in various fields, particularly tourism and antiquities, and the importance of continuing to strengthen bilateral cooperation to achieve the common interests of both nations.
During the meeting, Sherif Fathy reviewed the indicators of inbound tourism to Egypt from the Czech market, explaining that approximately 500,000 Czech tourists visited Egypt in 2025, representing a 3% growth compared to 2024. He noted that the Czech market is among the top 15 source markets for tourism to Egypt.
The Minister also outlined the measures taken by the Egyptian government, represented by the Ministry of Tourism and Antiquities, to address the repercussions of current regional events, which have contributed to restoring tourism growth rates. These measures include amending aviation incentive programs to ensure the continued operation of flights to Egyptian tourist destinations, as well as launching the “Egypt Vibes” campaign, which documents tourists’ experiences during their visits to Egypt, reflecting the stability of the Egyptian tourist destination and its distance from conflict zones.
The minister pointed out that rising fuel prices are among the most significant challenges affecting global travel. He stressed that ensuring a swift recovery for the tourism sector, and the global economy in general, requires government support for international mobility, whether for travel and tourism or for the transport of goods, as soon as the current events in the region subside.
For his part, Karel Havlيček affirmed that the Czech people hold great respect and affection for Egypt, and congratulated Egypt on the national football team's achievement in the World Cup.
He also noted the distinguished position of Egyptian civilization and Egyptology within scientific and academic circles in the Czech Republic, emphasizing that Egypt has become an important destination for Czech investors, given its economic developments and promising investment opportunities. -
MSX Drops 90 Points
Thursday 16/07/202614:47:13 PMRead moreMSX Drops 90 Points
(ONA)-
Muscat Stock Exchange "MSX 30" index today closed at 7,480.61 points, down 90.8 points, or 1.20 percent, from the previous session's close of 7,571.40 points.
Trading value stood at RO 26,480,621, representing a rise of 0.6 percent from RO 26,309,955 recorded in the last session, according to the MSX's report.
Market capitalization increased by 0.604% percent from the previous trading day to approximately RO 38.05 billion.
Non‑Omani investors recorded purchases worth RO 1.898 million, accounting for 7.17 percent of total trading value, while sales reached RO 3.439 million, or 12.99 percent. Net non‑Omani investment consequently fell by RO 1.541 million, or 5.82 percent. -
Kuwait Stock Exchange closes higher
Thursday 16/07/202614:42:37 PMRead moreKuwait Stock Exchange closes higher
SPA-
The Kuwait Stock Exchange closed trading today with its general index rising 14.58 points, or 0.17%, to reach 8664.52 points.
The main market index rose 54.97 points, or 0.62%, to reach 8853.92 points.
The premier market index also rose 6.72 points, or 0.07%, to reach 9073.87 points.
The Main 50 index also rose by approximately 68.58 points, or 0.68%, to reach 10200.66 points. -
The Saudi stock market index closed higher at 10720.28 points
Thursday 16/07/202614:41:42 PMRead moreThe Saudi stock market index closed higher at 10720.28 points
The Saudi Stock Exchange's main index closed today up 15.77 points, reaching 10,720.28 points, with trading valued at SAR 3.3 billion.
According to the Saudi Press Agency's daily economic bulletin for the Saudi Stock Exchange, 163 million shares were traded. Shares of 112 companies rose in value, while shares of 140 companies declined.
The top gainers were Abu Moati, Sidq, Mutakamilah, Petro Rabigh, and Printing & Packaging. The biggest losers were Electrical Industries, Naseej, Al-Ittihad, Lifa, and Thimar. The percentage changes ranged between a gain of 7.89% and a loss of 6.42%. The most actively traded stocks by volume were Americana, Petro Rabigh, Maharah, Electrical Industries, and Saudi Aramco, while the most actively traded by value were Rasen, Al Rajhi, Al Ahli, Saudi Aramco, and Petro Rabigh. The Saudi parallel stock index (Nomu) closed today down by (342.48) points, to reach a level of (22239.31) points, with trading valued at (15) million Saudi riyals, and the volume of traded shares amounted to more than (2.1) million shares. -
EGX closes higher
Thursday 16/07/202614:41:01 PMRead moreEGX closes higher
SPA-
The Egyptian stock market closed higher today.
The market capitalization of listed companies rose by approximately EGP 22 billion, reaching EGP 3.887 trillion, with total trading volume reaching approximately EGP 61.9 billion.
The benchmark EGX 30 index climbed 0.7% to 52,928.06 points, while the EGX 70 index for small and medium-sized enterprises (SMEs) increased by 1.54% to 17,049.97 points. The broader EGX 100 index also rose, gaining 1.24% to reach 22,887.36 points. -
Bahrain All Share Index, Islamic Index close lower
Thursday 16/07/202614:37:59 PMRead moreBahrain All Share Index, Islamic Index close lower
(BNA)-
Bahrain All Share Index has closed at 1,984.86 points, marking a decrease of 2.65 points below the previous closing.
This decrease was due to the drop in the communication services sector and the financial sector.
Bahrain Islamic Index has closed at 932.23 points, marking a decrease of 4.26 points below the previous closing.
Results indicated that 75 equity transactions took place with a volume of 931,829 worth BD 253,623.
Investors traded mainly in the financial sector, representing 69.24% of the total value of securities traded. -
Golden Pyramids Plaza (GPPL.CA) - Board of Directors' Decisions
Thursday 16/07/202614:36:00 PMRead moreGolden Pyramids Plaza (GPPL.CA) - Board of Directors' Decisions
Company Name : Golden Pyramids Plaza
ISIN Code : EGS70342C018
Reuters Code : GPPL.CA
Content :
The Board of Directors' decisions held on 16/07/2026.
The BoD Decisions (227 KB)
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Golden Pyramids Plaza (GPPL.CA) Reports Year Ended 31/12/2025 Consolidated Results
Thursday 16/07/202614:33:15 PMRead moreGolden Pyramids Plaza (GPPL.CA) Reports Year Ended 31/12/2025 Consolidated Results
Company Name : Golden Pyramids Plaza
ISIN Code : EGS70342C018
Currency : $
F/S Consolidated Period : From 01/01/2025 To 31/12/2025
Net Profit : 23,107,965
F/S Consolidated Period : From 01/01/2024 To 31/12/2024
Net Comparative Profit : 30,923,861
Audit Status : Audited
Comment : Taking into consideration the minority intrest
Source : Golden Pyramids Plaza
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Golden Pyramids Plaza (GPPL.CA) - Disclosure Form for the BoD & the Shareholders' Structure
Thursday 16/07/202614:30:45 PMRead moreGolden Pyramids Plaza (GPPL.CA) - Disclosure Form for the BoD & the Shareholders' Structure
Company Name : Golden Pyramids Plaza
ISIN Code : EGS70342C018
Reuters Code : GPPL.CA
Content :
Disclosure Form for the BoD & the shareholders' structure for the period ended on 30/06/2026 according to Article 30 of the Listing Rules.
Shareholders' Structure (1,713 KB)