Statement issued by the Ministry of Labor:

To unify official holiday dates for all employees across various government sectors...

Minister of Labor: Eid al-Adha holiday for private sector employees from May 26 to May 31, 2026

- The Minister directs the publication and implementation of Eid al-Adha holiday regulations at work and production sites...

Mr. Hassan Radad, Minister of Labor, announced today that the period from Tuesday, May 26, 2026, to Sunday, May 31, 2026, is an official paid holiday for employees covered by the provisions of the Labor Law issued by Law No. 14 of 2025, on the occasion of Eid al-Adha.

The Minister explained that this comes in implementation of Article (129) of the Labor Law, and in light of Prime Ministerial Decree No. (1516) of 2026, which designates this period as an official paid holiday for employees in ministries, government departments, public authorities, local government units, public sector companies, and public business sector companies, while examinations – if any – will continue according to the schedule set by the competent authority.

The Minister emphasized the commitment to standardizing official holiday dates for all employees across various government sectors, whenever possible, to achieve the social and national objectives of official holidays and celebrations. He noted that if work circumstances require an employee to work on these days, the employee is entitled – in addition to their regular pay for those days – to double their pay, or to be granted another day off in lieu of work, upon a written request submitted in their personnel file.

The Minister of Labor directed the heads of the central departments at the Ministry's headquarters and the directors of labor directorates in the governorates to ensure the dissemination of the provisions of the circular issued in this regard to workplaces and production sites, to implement it accordingly, and to emphasize the importance of its enforcement.

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE)
has decided to keep its key policy rates unchanged. The overnight deposit rate, overnight lending rate, and the rate of the main operation remain at 19.00 percent, 20.00 percent, and 19.50 percent, respectively. The discount rate was also maintained at 19.50 percent. This decision reflects the Committee’s assessment of prevailing and forecasted inflation dynamics amid an unfavorable external environment.
Globally, economic activity continues to grow, albeit at a modest pace due to ongoing geopolitical tensions, persistent trade policy uncertainty, and subdued demand conditions. Regarding inflation,
recent upticks have prompted central banks to maintain a cautious policy stance. Within commodity markets, energy prices witnessed heightened volatility, with Brent crude and natural gas rising sharply amid geopolitical tensions affecting energy supply routes. Meanwhile,agricultural commodity prices experienced upward pressures, partly reflecting higher fertilizer costs linked to rising gas prices, as well as elevated trade-related risk premiums. Against this backdrop, the global outlook remains subject to risks, particularly from heightened geopolitical tensions, supply-chain disruptions, and adverse shifts in trade policies.
Domestically, real GDP growth moderated to 5.0 percent in Q1 2026 from 5.3 percent in Q4 2025.
A further slowdown in economic activity is also expected in Q2 2026, driven by the repercussions of the ongoing conflict in the region. As such, the CBE projects real GDP growth to reach around 5.0 percent in FY 2025/26, with economic activity remaining below potential, although expected to converge toward full capacity by H1 2027. Accordingly, the current output gap trajectory indicates that demand-side inflationary pressures are expected to remain limited over the short term, given the prevailing monetary stance over the forecast horizon. Regarding the labor market,
the unemployment rate registered 6.0 percent in Q1 2026 from 6.2 percent in the previous quarter.
Inflation outturns in April 2026 reflected a modest deceleration, with annual headline inflation easing to 14.9 percent from 15.2 percent in March 2026, and annual core inflation declining to 13.8 percent from 14.0 percent over the same period. On a monthly basis, headline inflation
decelerated, driven primarily by a significant decline in food inflation that reversed the seasonal increase in the previous month. The moderation extended to non-food inflation, suggesting that the pass-through from the March 2026 energy price adjustments was transitory, thereby preventing broader inflationary spillovers

Youm7-

The Monetary Policy Committee of the Central Bank of Egypt(CBE) decided at the end of its meeting today, Thursday, to maintain the overnight deposit and lending rates at 19% and 20%, respectively.

The Central Bank uses interest rates as a tool to control inflation—that is, rising prices of goods and services—by lowering interest rates when inflation declines or raising interest rates when the rate of price increases rises.

In its extraordinary meeting on March 6, 2024, the Monetary Policy Committee decided to raise the overnight deposit and lending rates and the Central Bank's main operation rate by 600 basis points to 27.25%, 28.25%, and 27.75%, respectively. The discount rate was also raised by 600 basis points to 27.75%.

As part of his participation as a guest of honor at the 5th Russian Grain Forum, held in Sochi from May 20-23, 2026, under the theme “The Grain Sector in the Age of Artificial Intelligence: Productivity, Technology, and Exports,” Dr. Sherif Farouk, Minister of Supply and Internal Trade, met with Mr. Kirill Popov, CEO of the National Commodity Exchange (NAMEX), on the sidelines of the forum. The forum was held at the official invitation of Ms. Oksana Lut, Minister of Agriculture of the Russian Federation.

The meeting was also attended by Ambassador Hamdi Shaaban, Ambassador of the Arab Republic of Egypt to the Russian Federation, and Mr. Ahmed Shawky, Commercial Minister Plenipotentiary and Head of the Egyptian Economic and Trade Office in Russia.

The meeting focused on ways to enhance integration between the Egyptian and Russian commodity exchanges, given the distinguished strategic relations between the two countries. NAMEX is the exchange authorized by the Russian Ministry of Agriculture to regulate the trading of grain and agricultural products and plays a pivotal role in developing organized and transparent trading mechanisms in the Russian market. During the meeting, the Minister of Supply emphasized that activating cooperation with the Russian National Commodity Exchange represents a pivotal step in the Egyptian government's efforts to transform its ports into regional logistics hubs for grain storage and trading. He noted that the Egyptian Commodity Exchange serves as a strategic tool for regulating markets, enhancing transparency, and eliminating intermediaries and monopolies, which will positively impact price stability and secure strategic reserves of essential commodities.

For his part, Mr. Kirill Popov expressed his eagerness to strengthen cooperation with Egypt, praising the robust Egyptian-Russian economic relations in the grain trade sector, given that Egypt is one of the most important export destinations for Russian grain. Both sides stressed the importance of continued discussions and coordination at the technical and technological levels between specialists from the Egyptian and Russian commodity exchanges. The meeting also addressed mechanisms for exchanging information and technical and technological expertise in the field of digitizing trading operations, and leveraging Russia's advanced experience in this area, particularly the "Unified Order Book" project that the Russian Exchange intends to launch in the port of Novorossiysk this year. Discussions also focused on cooperation mechanisms for establishing a grain exchange within the BRICS framework, considered a promising platform for developing intra-regional trade in strategic food commodities.

This meeting reflects the Ministry of Supply and Internal Trade's commitment to strengthening strategic partnerships with international financial and commodity institutions and diversifying mechanisms for trading essential commodities, thereby supporting the state's efforts to achieve food security and enhance the efficiency of the domestic trade system.

Both sides also agreed to continue discussions regarding the signing of a memorandum of understanding and joint cooperation between the Egyptian Commodity Exchange and the Russian National Commodity Exchange, which will contribute to activating aspects of joint cooperation and exchanging technical and technological expertise in the coming period.

As part of the coordination with the Future of Egypt for Sustainable Development Authority, the Media Center of the Cabinet published a series of infographics on its official social media platforms highlighting the “New Delta” project, which aims to double production and support the path toward comprehensive development.

In this context, the “New Delta” project is not merely an expansion of agricultural land; rather, it represents an integrated development vision aimed at establishing a productive community that combines agricultural, industrial, and logistics activities, alongside the development of new urban communities attractive to residents. The project is supported by advanced infrastructure and modern irrigation systems. It also seeks to integrate with the old agricultural lands in the Nile Delta, thereby increasing productivity rates and contributing to food security.

The project comes amid challenges related to the decline of old agricultural land due to encroachments during previous periods, population growth, and limited water resources. These challenges prompted the adoption of comprehensive development interventions aimed at expanding agricultural land and maximizing local production to achieve food security. During its implementation phases, the project faced major challenges, which were overcome through the combined efforts of various state entities and the active participation of the private sector, contributing to the application of the latest agricultural methods and improving production efficiency.

The project reflects the state’s direction toward enhancing food security by increasing the production of strategic crops, reducing the import gap, supporting agro-industrial manufacturing, maximizing added value, and creating numerous job opportunities, all of which drive comprehensive and sustainable development.

The infographics indicated that the “New Delta” is a strategic project aimed at building an integrated productive community and serves as a model for linking agriculture, urban development, and industry. It is considered the largest integrated agricultural development project in modern Egyptian history, extending over an area of 2.2 million feddans, with total project and infrastructure costs amounting to approximately EGP 800 billion.

The infographics explained that the project stretches across strategic corridors connecting the governorates of Matrouh, Beheira, Giza, and Fayoum. Several vital routes pass through it, including the Rod El Farag Axis, Tahya Misr Axis, and the Regional Ring Road, in addition to its proximity to Alamein Road, the dry port in 6th of October City, as well as Sphinx Road and Sphinx International Airport.

The infographics emphasized that the project represents a comprehensive development framework aimed at enhancing food security and attracting investment through expanding agricultural land, establishing new urban and productive communities, and improving the efficiency of water and energy use.

The project enjoys integrated infrastructure designed to create an attractive environment for living and investment. It relies on a massive water system based on three main sources: approximately 10 million cubic meters of surface water daily, 7.5 million cubic meters daily of treated agricultural drainage water — through the New Delta Water Treatment Plant, the world’s largest water treatment facility according to Guinness World Records — in addition to groundwater usage in accordance with sustainability regulations.

Regarding the challenge of providing water for the project, the infographics clarified that the transfer of collected water required reversing the natural geographical slope of the land, an achievement that defied the natural flow path of the water. This necessitated the construction of 28 main pumping stations to secure water delivery, in addition to establishing and lining the northern and eastern routes, each extending 150 kilometers.

As for the electrical infrastructure and road network, the infographics showed that the Ministry of Electricity and Renewable Energy implemented 18 power stations to supply the project, while roads totaling 12,000 kilometers were constructed to serve the project.

The infographics also noted that the “New Delta” represents an important step toward building sustainable economic value through agricultural-industrial integration. “Mostaqbal Misr Industrial City” was established within the project to convert agricultural crops into processed products ready for trade and export. The city includes advanced infrastructure featuring packaging and processing stations, integrated logistics services, water and electricity networks, and modern roads, alongside several industries, most notably sugar, frozen vegetables and fruits, concentrates, and animal feed.

Additionally, the “Sphinx Agricultural Commodities Trading Center” forms part of the “New Delta” project and is considered the largest integrated agricultural commodities market in the Middle East. Spanning 500 feddans, it includes an agricultural commodities exchange, sorting, packaging, and processing stations, specialized markets for vegetables, fruits, legumes, and fish, in addition to refrigerated and frozen warehouses.

This integration between agricultural production, manufacturing, and trade has contributed to providing around 2 million job opportunities, enhancing the project’s economic impact and supporting comprehensive development efforts.

The infographics further stated that the “New Delta” project is a developmental achievement that addresses the critical equation between population growth, limited traditional freshwater resources, and the decline of fertile cultivated land. Egypt’s population increased by 14.5%, reaching approximately 109 million people by mid-2026, compared to 95.2 million in mid-2017. Meanwhile, according to the Ministry of Water Resources and Irrigation, Egypt’s annual water demand reached around 88.6 billion cubic meters, with 65.4 billion cubic meters supplied through renewable water resources, including desalinated water, while approximately 23.2 billion cubic meters are treated and reused.

The Ministry of Agriculture and Land Reclamation also explained that the area of land lost due to encroachments — according to aerial photography in 2017 — amounted to around 90,000 feddans since 2011. This necessitated the reclamation of new lands to compensate for the lost agricultural areas, noting that 800,000 feddans have already been reclaimed within the “New Delta” project.

In a related context, the infographics confirmed that increased production has contributed to stabilizing wheat imports despite population growth. Wheat production rose by 17.6% as a result of reclamation efforts despite the loss of fertile lands, reaching 10 million tons in 2026, compared to 8.5 million tons in 2017.

The infographics also explained that land reclamation serves as a means of maximizing economic returns, reflected in a 13.2% increase in employment in the agricultural sector, reaching 6 million workers in the first quarter of 2026, compared to 5.3 million workers during the same period in 2017. The Ministry of Agriculture and Land Reclamation also confirmed that agricultural exports rose by 102.1%, reaching 9.5 million tons in 2025, compared to 4.7 million tons in 2017.

The infographics further highlighted that the growth rate of food export values exceeded that of imports. Food exports increased by 139.5%, reaching USD 10.3 billion in 2025, compared to USD 4.3 billion in 2017, while food imports increased by 54.8%, reaching USD 16.1 billion in 2025, compared to USD 10.4 billion in 2017.

The infographics concluded by citing the confirmation of NASA that the “New Delta” project is part of an intensive effort to transform 2.2 million feddans of barren desert west of the Nile Delta into productive agricultural land.

Al MAl-


The latest auction of fixed-rate treasury bonds issued by the Central Bank of Egypt on behalf of the Ministry of Finance resulted in the acceptance of only seven bids, with a total nominal value of EGP 120.9 billion.

According to the data, the lowest accepted yield in this auction was 22.73%, while the highest accepted yield was 23.1%. The weighted average yield and coupon rate remained stable at 23.098%.

Regarding the bids submitted, the data showed strong interest from institutions and investment entities, with approximately 23 bids submitted. The total nominal value of these bids reached EGP 155.665 billion.

The interest rates requested by investors in the submitted bids ranged from a low of 22.73% to a high of 30%, while the weighted average yield for the total value of the bids reached approximately 23.755%, before the Ministry of Finance accepted the bonds at the aforementioned yield levels.

Trading Economics-


European stocks closed sharply higher on Wednesday, the highest in two weeks,The STOXX 50 closed 2.1% higher at 5,975 and the STOXX 600 gained 1.6% to 621. Energy prices pulled back , Consequently, sovereign yields retreated and improved the credit outlook for Eurozone banks, adding some respite to the sector. Santander, BBVA, and Deutsche Bank added close to 4%. Meanwhile, companies in the AI infrastructure sector were surged as the improvement in sentiment joined the tailwinds from Nvidia earnings overnight. ASML soared 6.7% and Infineon jumped 5.1%.

Trading Economics-


The FTSE 100 clawed back early losses to close about 1% up at 10,432 on Wednesday, as investors mulled better-than-expected UK inflation data and weighed a potential resolution to the Middle East conflict. Headline inflation fell to 2.8% in April, below the 3% forecast and the lowest since March 2025, which reduced bets on BoE rate hikes. Regarding geopolitics, President Trump said the conflict would end “very quickly,” with Vice President JD Vance reporting progress in talks with Tehran. Attention turns to first-quarter results from US chip giant Nvidia and the FOMC minutes. Retailer Marks & Spencer was the standout performer, surging 6.6%, on higher annual sales and profit growth forecasts. Babcock (5.3%) was boosted by an upgrade to ‘buy’ from ‘add’ at Peel Hunt. Heavyweight miners rallied as copper prices advanced, with Anglo American, Antofagasta and Glencore all up. Experian dropped 3%, leading losses, as FY2027 revenue guidance disappointed even with a $1 billion share buyback.

Trading Economics-


Frankfurt's DAX 40 gained ground to close about 1.4% firmer at 24,737 on Wednesday, the highest since May 6, in line with other European peers. In equities, Infineon Technologies was the top performer, rising 5%, on AI enthusiasm ahead of Nvidia's earnings release. Other notable gainers included Deutsche Bank (4.3%), MTU Aero Engines (4.1%) and Siemens Energy (3.9%).

Trading Economics-


A majority of Fed officials highlighted that some policy firming would likely become appropriate if inflation were to continue to run persistently above 2%, minutes from the FOMC meeting in April 2026 showed. To address the possibility of rate hikes, "many participants indicated that they would have preferred removing the language from the post-meeting statement that suggested an easing bias regarding the likely direction of the Committee’s future interest rate decisions“. However, several participants highlighted that it would likely be appropriate to lower interest rates once there are clear indications that disinflation is firmly back on track or if solid signs emerge of greater weakness in the labor market. The Fed kept the fed funds rate unchanged at the 3.5%–3.75% target range for a third consecutive meeting in April. The decision was not unanimous, and the 8-4 vote marked the first time since October 1992 that four officials dissented against a FOMC decision.

Trading Economics-


The S&P/TSX Composite Index gained 1.2% to close at 34,162 on Wednesday, posting its biggest advance in nearly three weeks as mining, banking, and technology shares led gains. A pullback in oil prices eased pressure on long-term borrowing costs, supporting heavyweight financial stocks. Royal Bank of Canada rose 1.9%, while TD Bank gained 1.4%, and both BMO and Brookfield advanced 2.3%. Mining stocks also moved higher, with Agnico Eagle adding 2.7% and Barrick rising 3.6% as gold prices increased alongside a decline in Treasury yields. The move followed signs of incoming energy supply from the Middle East, which helped temper expectations of further inflation pressure. In the technology sector, Shopify climbed 3.8% ahead of Nvidia’s earnings release, which investors viewed as a key test of the strength of the AI-driven market rally. Nvidia is expected to report its fastest sales growth in more than a year.

Trading Economics-


The Ibovespa jumped 1.8% to close at 177,356 on Wednesday, marking the benchmark’s biggest daily gain since early April, as easing oil prices and lower bond yields boosted risk appetite. Oil prices retreated after some ships managed to cross the Strait of Hormuz following 80 days of disruption, raising hopes that global supply conditions could gradually normalize. The pullback in crude prices helped ease inflation concerns and pushed bond yields lower, supporting financial stocks and the broader index. Itaْ rose 2.3%, Bradesco gained 2.4%, and Itaْsa advanced 2.7%. Utilities also posted strong gains, with Auren Energia up 2.2%, Sabesp adding 2.1%, and Eneva climbing 4.1%. Other notable performers included Ambev (+2.6%) and Rede D'Or (+2.6%). In contrast, Petrobras fell 3.2% as oil prices declined.

Trading Economics-


Japan’s trade balance swung to a surplus of JPY 301.9 billion in April 2026 from a deficit of JPY 149.5 billion in the same month a year earlier, sharply beating market expectations for a shortfall of JPY 29.7 billion. It was the largest trade surplus since November, as export growth continued to outpace imports. Exports surged 14.8% year-on-year to a near-record JPY 10,507.3 billion, accelerating from an 11.5% rise in March while marking the strongest growth in three months and exceeding the consensus of 9.3%, supported by robust demand from China, the U.S., ASEAN economies, and the EU. Meanwhile, imports increased 9.7% to JPY 10,205.4 billion, easing slightly from March’s 10.9% gain but still exceeding market forecasts of 8.3%. Import demand remained resilient, partly supported by the Japanese government’s sizeable stimulus measures introduced in late 2025. The latest reading marked the third consecutive month of import growth, although it was the softest pace in the sequence.

Trading Economics-


Japan's exports jumped 14.8% yoy to a near-record high of JPY 10,507.3 billion in April 2026, accelerating from 11.5% growth in March while marking the fastest pace in three months and topping market forecasts of 9.3%. It was also the 8th straight month of increase, reflecting resilient global demand despite supply disruptions. Shipments grew to China (15.5%), the U.S. (9.5%), ASEAN (19.9%), the EU (26.9%), and India (8.9%, but shrank to the Middle East (-55.5%). Sales rose for all components: transport equipment (6.0%), notably motor vehicles and car; electrical machinery (28.6%), boosted by chips and IC; machinery (12.5%), led by semicon machinery; others (18.1%), driven by scientific, optical instruments; manufactured goods (15.3%), due to non-ferrous metals; and chemicals (8.8%), notably plastics. Prolonged disruptions to Middle Eastern supply routes, however, could weigh on exports by slowing global demand, particularly in energy-intensive sectors.

Trading Economics-


The benchmark KOSPI surged 8.42% to close at 7,816 on Thursday, rebounding sharply from the previous session as investor sentiment improved on easing geopolitical concerns and strong momentum in the semiconductor sector. At the same time, technology shares led the rally amid sustained optimism surrounding AI-related chip demand and robust export growth. Heavyweight Samsung Electronics jumped 8.33%, while SK Hynix advanced 11.23%. Samsung Electronics also reached a tentative wage agreement with its labor union, averting a planned strike that had raised concerns over disruptions to global chip supply chains. Notable gains were also seen in Hyundai Motor (12.50%), SK Square (13.99%), LG Energy Solution (3.90%), Samsung Electro-Mechanics (12.91%), Doosan Enerbility (7.21%), and Kia Corporation (12.25%).

Trading Economics-


The Shanghai Composite slid 2.04% to close at 4,077 on Thursday, while the Shenzhen Component tumbled 2.07% to 15,247, with both benchmarks erasing earlier gains and falling to their lowest levels in three weeks, dragged down by heavy selling in technology stocks. Cambricon Technologies dropped 3.19%, Zhongji Innolight plunged 4.21%, Eoptolink Technology lost 3.74%, and Huagong Tech sank 5.79% as investors locked in profits following the recent Nvidia-driven rally.Separately, Chinese President Xi Jinping is reportedly preparing to visit North Korea as early as next week in his first trip there in seven years, highlighting warming ties between the longtime allies following the recent resumption of cross-border rail and air services.

Trading Economics-


The NZX 50 rose 117 points, or 0.9%, to close at 12,878 on Thursday, reversing morning weakness and snapping losses from the previous session after hitting its lowest level since March 30 a day earlier. The broader index tracked gains on Wall Street overnight as inflation concerns eased, while Nvidia recorded earnings above expectations. Fresh data also lifted sentiment, as New Zealand's trade surplus reached a record high, with exports climbing to an all-time high. However, traders remained cautious ahead of the release of New Zealand's retail sales data on Friday, with the market expecting quarterly retail sales growth to ease in Q1. Financials, industrials, and technology drove the index higher, with notable gains from AFT Pharmaceuticals (7.7%), Infratil (4.0%), Port of Tauranga (3.4%), Fletcher Building (2.7%), Freightways Group (2.1%), ANZ Group (1.6%), Westpac Banking Corp. (1.3%), and Fisher & Paykel (1.0%).

Trading Economics-


Saudi Arabia’s trade surplus widened sharply to SAR 57.4 billion in March 2026 from SAR 18.0 billion in the corresponding month a year earlier. This marked the largest trade surplus since October 2022, as exports surged while imports fell sharply. Exports jumped 21.5% year-on-year to SAR 115.2 billion, driven by a sharp rise in oil exports (37.4%), which accounted for 80.3% of total exports. Non-oil exports, on the other hand, plunged 27.0%, mainly due to lower shipments of chemical products (-39.1%), which represented 20.1% of total non-oil exports. China remained the top destination for Saudi exports, making up 14.1% of total exports, followed by India (13.7%) and Japan (9.5%). Imports declined 24.8% to SAR 57.8 billion, amid reduced imports of machinery, electrical equipment and parts (-11.9%) and chemical products and allied industries (-18.5%). China was also the biggest source of imports, accounting for 26.7% of total imports, followed by the US (8.4%) and the UAE (7.1%).

Trading Economics-


The S&P/ASX 200 surged 125 points, or 1.5%, to 8,622 on Thursday, swinging from the prior session’s losses with broad-based gains led by electronic tech, non-energy minerals, transport, and financials. Sentiment firmed as April’s unexpected employment decline in Australia bolstered hopes that the central bank could pause its tightening cycle. Meanwhile, flash PMI showed factory activity still expanding in May despite softening from April. Wall Street’s bullish momentum on Wednesday added further support,However, caution emerged ahead of April domestic CPI due next week, after March prices surged 4.6% yoy, the fastest since September 2023, driven by higher fuel costs amid the Middle East conflict. The big four banks rose between 0.9% to 2.3%. Other notable movers were BHP Group (3.1%), Evolution Mining (3.8%), Brambles (3.5%), and Bluescope Steel Ltd. (2.3%).

Trading Economics-


The Nikkei 5225 Index rallied 3.14% to close at 61,684 while the broader Topix Index gained 1.64% to 3,854 on Thursday, as Japanese equities rebounded from earlier weekly losses amid renewed optimism surrounding artificial intelligence-related demand. Strong earnings from Nidia boosted sentiment across global technology markets, while news that Samsung Electronics had averted a potential labor strike further supported semiconductor-linked shares. In Japan, SoftBank Group led the rally, soaring nearly 20% following reports that OpenAI is preparing for a public listing. Other technology-related stocks also posted strong gains, including Kioxia Holdings (7.9%), Fujikura (4.8%), Advantest (4.4%), Ibiden (14.3%) and Tokyo Electron (5.9%).

Company: Misr Fertilizers Production Company - Mopco
Symbols: EGS39061C014
Reuters: MFPC.CA
Content:
Decisions of the Board of Directors' meeting held on 21/05/2026 and the company's unaudited financial indicators for the period ending 31/03/2026
Source: Misr Fertilizers Production Company - Mopco
The BoD Decisions in Arabic & English (2,338 KB)
Release from the Company in English & Arabic (1,025 KB)

Trading Economics-


The annual inflation rate in Lebanon rose to 20.0% in April 2026, accelerating from 17.3% in the previous month. This marked the highest reading since September 2024, mainly driven by faster price growth in housing and utilities (26.3% vs 20.3% in March), transportation (33.3% vs 24.8%), clothing and footwear (4.9% vs 2.4%), alcoholic beverages and tobacco (10.6% vs 8.7%), furnishings, household equipment, and routine household maintenance (6.1% vs 5.1%), restaurants and hotels (16.0% vs 11.3%), and miscellaneous goods and services (15.1% vs 14.6%). At the same time, costs remained steady for health (2.2%) and education (-35.7%). Meanwhile, inflation moderated for food and non-alcoholic beverages (18.0% vs 19.4%) and recreation, amusement, and culture (42.2% vs 42.7%). On a monthly basis, consumer prices rose 3.0%, easing from 4.9% in the previous month, which was the highest monthly increase since October 2023.

Company: Alexandria Flour Mills
Symbols: EGS30471C014
Reuters: AFMC.CA
Content:
Company's reply on the auditor report for the financial period ended 31/03/2026
Company's Reply (1,724 KB)

Trading Economics-


India’s BSE Sensex pared some early gains to close about 0.2% down at 75,183 on Thursday, in a session marked by weekly derivatives expiry.At the same time, investors turned cautious over the possibility of interest rate hikes by the Reserve Bank of India amid persistent inflation concerns linked to high crude oil prices. On the data front, a flash PMI survey showed India’s private sector expansion moderated in May but remained robust, as both manufacturing and services lost momentum on softer global demand and Middle East-related pressures. Among equities, IndiGo emerged as one of the top gainers, rising over 3%. BEL, Trent and Adani Ports, ICICI Bank, Axis Bank and ITC also provided support, rising up to 1.8%. However, technology stocks remained weak, led by losses in Tech Mahindra (-1.4%), Infosys (-1.3%), while Reliance Industries also fell 0.7%.

Company Name: El-Nile Co. For Pharmaceuticals And Chemical Industries
ISIN Code: EGS38331C012
Currency: Egyptian Pound
F/S Period: From 01/07/2025 to 31/03/2026
Net profit: 239,065,416
F/S Period: From 01/07/2024 to 31/03/2025
Net Comparative profit: 124,659,120
Audit Status: Reviewed
Source: El-Nile Co. For Pharmaceuticals And Chemical Industries

Company Name: El-Nile Co. For Pharmaceuticals And Chemical Industries
ISIN Code: EGS38331C012
Currency: Egyptian Pound
F/S Period: From 01/07/2025 to 31/03/2026
Net profit: 239,065,416
F/S Period: From 01/07/2024 to 31/03/2025
Net Comparative profit: 124,659,120
Audit Status: Reviewed
Source: El-Nile Co. For Pharmaceuticals And Chemical Industries
The Financial Statements (4,325 KB)

SPA-

The Egyptian stock market closed mixed today.

The market capitalization of listed companies rose by approximately EGP 8 billion to reach EGP 3.719 trillion, with total trading volume reaching approximately EGP 160.9 billion. Share trading volume alone amounted to approximately EGP 6.3 billion.

The benchmark EGX 30 index rose by 0.3% to 52,090.96 points, while the EGX 70 index for small and medium-sized enterprises (SMEs) declined by 0.15% to 14,399.25 points. The broader EGX 100 index climbed by approximately 0.16% to 20,135.77 points.

SPA-

The Qatar Stock Exchange (QSE) index closed today up 26.99 points, or 0.26%, to reach 10,379.69 points.

During the session, 128,137,359 shares were traded, with a total value exceeding 367 million Qatari riyals, through 21,036 transactions across all sectors.

Shares of 33 companies rose, while shares of 17 companies declined, and 3 companies maintained their previous closing price.

Company: Upper Egypt Flour Mills
Symbols: EGS30451C016
Reuters: UEFM.CA
Content :
Central Auditing Organization's report on the independent financial statements for the financial period ending 31/03/2026
The Central Auditing Organization's Report (10,507 KB)

(ONA)-


The official price of Oman crude oil for July delivery today recorded USD 102.95 per barrel.

Today’s price reflects a decrease of USD 3.01 compared to yesterday’s (Wednesday) closing price of USD 105.96.

It is worth noting that the monthly average price of Oman crude oil for May delivery stood at USD 124.05 per barrel, marking an increase of USD 55.90 compared to the April delivery price.

(ONA)-


Asyad Shipping, a subsidiary of Asyad Group, celebrated the naming of two liquefied natural gas (LNG) carriers, "Muscat LNG" and "Musandam LNG". This represents a new strategic step that reflects the continuous expansion of its maritime fleet and enhances the Sultanate of Oman's presence in the global energy transport sector.

This achievement comes days after the inauguration of the giant oil tanker "Bidbid", reflecting the accelerating growth of Asyad Shipping's fleet and the expansion of its investments in the transport, energy, and maritime services sectors. This comes within the framework of an integrated logistics ecosystem that supports Asyad Group's position as a global provider of logistics solutions and keeps pace with the rapid developments in global maritime trade.



The official naming ceremony was held in the Republic of Korea under the auspices of Sheikh Dr. Zakariya Hamad Al Saadi, Ambassador of the Sultanate of Oman to the Republic of Korea.

The event was attended by Dr. Ibrahim Bakhit Al Nadhairi, CEO of Asyad Shipping, and Dr. Amer Nasser Al Mataani, CEO of Oman LNG Development Foundation, along with several members of the executive management from Asyad Shipping and Oman Liquefied Natural Gas (Oman LNG) Company.

The two carriers were built at the "Hyundai Samho" shipyard, one of the most prominent specialized shipyards globally, where they were designed according to the latest international standards in operational efficiency, safety, and environmental sustainability. The two vessels are equipped with dual-fuel propulsion engines, which are considered modern, highly efficient technologies in fuel consumption and emission reduction, thereby contributing to the reduction of greenhouse gas emissions.

They were also equipped with advanced boil-off gas management technologies that reduce cargo loss and enhance operational efficiency, alongside advanced engineering designs that improve maritime performance and efficiency, in harmony with global trends toward sustainable maritime transport.

The addition of "Muscat LNG" and "Musandam LNG" represents a qualitative inclusion into Asyad Shipping's fleet and boosts its competitive capabilities in the LNG transport market, which is witnessing growing expansion driven by the global transition toward more sustainable and lower-carbon energy sources.

This expansion also reflects the growing role of the Sultanate of Oman as a regional and international hub in energy supply chains and maritime logistics services, leveraging its strategic location, advanced port network, and accelerating investments in the maritime sector.



Sheikh Dr. Zakariya Hamad Al Saadi, Ambassador of the Sultanate of Oman to the Republic of Korea, stated: “The naming ceremony of the two carriers 'Muscat LNG' and 'Musandam LNG' represents the continuous growth in maritime capabilities and the energy sector in the Sultanate of Oman. It underscores the importance of international partnerships in supporting sustainable economic development and reflects the depth of the well-established bilateral relations between the Sultanate of Oman and the Republic of Korea, which span over five decades of fruitful cooperation in various economic and strategic fields.”

For his part, Dr. Ibrahim Bakhit Al Nadhairi, CEO of Asyad Shipping, said: "The inauguration of 'Muscat LNG' and 'Musandam LNG' marks a new milestone in the journey of growth and expansion witnessed by Asyad Shipping, and confirms the company's commitment to enhancing the Sultanate of Oman's position in the global maritime transport and energy sectors. These carriers will also contribute to boosting the capacity to provide reliable, efficient, and sustainable transport solutions that meet the needs of global energy markets and the growing requirements of the local and international clients."

For his part, Dr. Amer Nasser Al Mataani, CEO of the Oman LNG Development Foundation, explained that this investment represents a strategic step within the efforts of Oman LNG Development Foundation to build a sustainable investment portfolio that supports vital, high-growth sectors, foremost of which are the energy, maritime services, and logistics sectors. This step confirms the Foundation's commitment to enhancing in-country value and expanding the economic impact of national investments by entering into qualitative projects that contribute to supporting energy supply chains and enhancing the competitiveness of the Sultanate of Oman as a regional hub for logistics and energy.

This expansion is part of Asyad Shipping's long-term strategy to enhance its international competitiveness and support the targets of Oman Vision 2040 by developing the maritime transport and logistics sector and increasing the sector's contribution to the national economy.

(ONA)-


O-Green Company today celebrated the financial close of the largest solar energy project in the industrial cities of the Sultanate of Oman.

The event was held under the auspices of Mohsin Hamad Al Hadhrami, Undersecretary of the Ministry of Energy and Minerals.

The company is executing the 93-megawatt solar power plant project in Sohar Industrial City, in a strategic partnership with the Public Establishment for Industrial Estates “Madayn”. The project will provide clean energy to more than 200 industrial facilities, and the commercial operation of the project is expected to begin in September 2026.

The total area of the project spans approximately 1.45 million square meters, while the current completion rate has exceeded 60 percent, which included the installation of around 150,000 solar panels across various execution phases.



The financial close with Ahli Islamic Bank represents a major milestone in the implementation of the project, reflecting the role of sustainable finance in supporting renewable energy projects and enhancing the clean energy infrastructure in the Sultanate of Oman.

The Sohar project is the first of its kind in the Sultanate of Oman to supply industrial cities with solar energy under a direct supply model to industrial facilities, thereby reinforcing the transition toward clean energy, supporting industrial sustainability, and reducing carbon emissions.

An agreement was also signed between the Arab Open University and O-Green company to establish a solar power generation plant on the university campus. The agreement was signed on behalf of the university by Prof. Mohamed Hamdan Al Badi, Rector of the Arab Open University, and on behalf of O-Green by Mustafa Mohammed Al Hinai, CEO of the company.

O-Green is an integrated platform for developing renewable energy projects, with a portfolio exceeding 3.3 gigawatts of power generation projects, and more than 2.3 gigawatt-hours of energy storage capacity. This is in addition to more than 10 gigawatts of development and preliminary assessment opportunities expected to be implemented after the year 2028, featuring projects within the Sultanate of Oman alongside international projects in Asia, Europe, and Africa.

(ONA)-


The Public Authority for Special Economic Zones and Free Zones (OPAZ) today signed the agreements for the third and fourth packages of the Special Economic Zone at A’Dhahirah Governorate.

The agreements cover the construction of a dry port, a veterinary quarantine, and an administrative and commercial buildings complex, at a total cost exceeding RO 73 million.

The agreements were signed on behalf of the Authority by Qais Mohammed Al Yousef, Chairman of the Public Authority for Special Economic Zones and Free Zones, while the chairmen of the boards of directors and chief executive officers signed on behalf of the Omani and Saudi executing companies participating in the project.

The cost of the third package amounts to RO 48.058 million. It includes the construction of the infrastructure for the dry port, the veterinary quarantine, and their associated facilities, and will be executed by a coalition comprising Edex International Contracting Company, Edex-KSA, Edex Egypt, and Assarain International Contracting Company.

Meanwhile, the cost of the fourth package stands at RO 25.9 million and includes the construction of the administrative and commercial buildings complex and its accompanying facilities. A coalition comprising Oman Shapoorji and the Saudi company Shapoorji Pallonji will undertake its execution.

The third package agreement provides for the implementation of the first phase of the dry port over an area of one square kilometer out of a total area of four square kilometers. It also includes the construction of the veterinary quarantine, internal roads, a container yard, a customs gate, inspection platforms, customs clearance facilities, electrical substations, maintenance workshops, laboratories, water tanks, and firefighting systems. This is in addition to supplying the project with X-ray devices and scanners, and building administration facilities, offices, rest areas, employee housing, a mosque, a security fence, and surveillance cameras.

The fourth package encompasses the construction of the administrative and commercial buildings complex in the zone, which features the zone's public square, a business center, an administration building, a commercial center, a hotel, and a health center, along with internal roads and associated facilities. The total built-up area in the current phase reaches 37.3 thousand square meters.



The design of the project took into account the application of smart city principles and the requirements of the Leadership in Energy and Environmental Design (LEED) certification, reflecting the approach toward adopting sustainability and environmental efficiency standards in executing the zone's projects.

Qais Mohammed Al Yousef confirmed that the Special Economic Zone in A’Dhahirah Governorate represents one of the strategic projects aimed at enhancing the economic partnership between the Sultanate of Oman and the Kingdom of Saudi Arabia. He pointed out that its location near the Empty Quarter border crossing provides it with a high competitive advantage, making it a vital commercial gateway and a main meeting point for the flow of goods and services between the two countries.

He explained that the zone was established to encourage intra-regional trade and joint projects between the private sectors of both countries, alongside facilitating supply chain movement and reducing logistics costs for investors. He emphasized that it opens broad horizons for Omani and Saudi exports to reach regional and international markets with greater efficiency.

He noted that investors in the zone will receive a package of incentives, benefits, and facilities stipulated in the Law on Special Economic Zones and Free Zones, in accordance with Royal Decree No. (87/2025) regarding the establishment of the Special Economic Zone in A’Dhahirah Governorate.

For his part, Sheikh Mohammed Abdullah Al Busaidi, Wali of Ibri, stated that the signing of the third and fourth package agreements marks an important strategic step toward boosting comprehensive economic development in A’Dhahirah Governorate and consolidating its position as a promising economic hub and a border gateway of strategic importance.

Al Yousef explained that the zone's unique location near the Empty Quarter crossing qualifies it to become a vital economic axis connecting the Sultanate of Oman and the Kingdom of Saudi Arabia, and a primary platform for investment flows, boosting trade and goods movement, and supporting sustainable industrial and logistical partnerships.

He pointed out that these new projects will contribute to creating sustainable job opportunities and attracting qualitative and diverse investments, which will reflect positively on the economic and social development of A’Dhahirah Governorate. He invited local, Gulf, and international investors to capitalize on the promising investment opportunities offered by the zone.

(BNA)-


The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic Ijara Murabaha Sukuk, has been oversubscribed by 142%.



Subscriptions worth BD 43 million were received for the BD 30 million issue, which carries a maturity of 364 days.



The expected return on the issue, which begins on June 1 and matures on May 31, 2027, is 5.29% compared to 5.12% of the previous issue on April 27.



The Ijara Murabaha Sukuk are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.



This is issue 12IM/6 (BH0007402975) of the short-term Ijara Murabaha Sukuk series.

(BNA)-


Bahrain All Share Index has closed at 1,929.48 points, marking an increase of 3.91 points above the previous closing.

This increase was due to a rise in the consumer discretionary sector, the financials sector and the materials sector.

Bahrain lslamic Index has closed at 917.20 points, marking an increase of 3.32 points above the previous closing.

Results indicated that 88 equity transactions took place with a volume of 1,510,473 worth BD 405,596.

Investors traded mainly in the materials sector, representing 32.34% of the total value of securities traded.

Company: Delta Insurance
Symbols: EGS63031C016
Reuters: DEIN.CA
Content:
Notarized minutes of the EGM held on 15/02/2026
Source: Delta Insurance
EGM Minutes (5,006 KB)

(WAM)-


The Board of Directors of the Sharjah Research, Technology and Innovation Park (SPARK) outlined several new strategies to advance its innovation vision and attract more global players during its sixth meeting of 2026, held at Air Arabia’s newly developed aircraft maintenance facilities at Sharjah International Airport and hosted by Air Arabia, a member of SPARK’s Board of Directors.

The meeting was chaired by Sheikha Bodour bint Sultan Al Qasimi, Chairperson of SPARK, and attended by members of the Board of Directors.

The meeting reviewed the latest developments across the Park’s ecosystem, operational progress, and strategic plans focused on strengthening Sharjah’s position as a regional and global hub for innovation, advanced technology, and research-driven economic growth.

During the meeting, board members discussed several strategic agenda items focused on expanding SPARK’s international ecosystem by attracting innovative and technology companies from around the world, while continuing to enhance services and support mechanisms offered to investors, entrepreneurs, startups, and research institutions operating within the Park.

Sheikha Bodour Al Qasimi emphasised the importance of sustaining collaboration between government entities, academic institutions, and the private sector to accelerate innovation and create impactful economic opportunities. She noted that SPARK continues to play a vital role in shaping Sharjah’s future innovation economy through practical initiatives, international partnerships, and an integrated ecosystem that empowers innovators and emerging industries.

Hussain Al Mahmoudi, CEO of SPARK, presented updates on ongoing projects and highlighted the organisation’s key priorities for the coming phase, particularly in the areas of artificial intelligence, sustainability, advanced manufacturing, healthcare innovation, and digital transformation.

The Board also reviewed progress across SPARK’s four major focus areas, including sustainability and environmental technologies, healthcare and life sciences, mobility and logistics, and advanced manufacturing and digitization. Discussions further addressed opportunities to strengthen commercialization pathways for innovation, accelerate research-to-market initiatives, and foster greater collaboration between startups and industry leaders.

As part of the agenda, members examined updates related to the Park’s innovation infrastructure and ecosystem development initiatives, including efforts to expand prototyping capabilities, support industrial innovation, and enhance Sharjah’s competitiveness as a destination for future-focused investment and entrepreneurship. The Board also highlighted sustainability as a key strategic focus for SPARK throughout 2026, with a range of initiatives, activities, and events planned around advancing sustainable innovation and promoting solutions that support long-term environmental and economic impact.

The meeting additionally highlighted SPARK’s growing international engagement through strategic partnerships, global innovation events, and collaborative programs that position Sharjah as a gateway connecting regional and international innovation ecosystems.

Company: Delta Insurance
Symbols: EGS63031C016
Reuters: DEIN.CA
Content:
Notarized minutes of the AGM held on 09/04/2026
Source: Delta Insurance
AGM Minutes (7,178 KB)

(WAM)-


Raja Al Mazrouei, Chief Executive Officer of Etihad Credit Insurance (ECI), underscored the critical role of export credit agencies in safeguarding trade continuity and strengthening the UAE’s non-oil economy amid rising geopolitical uncertainty and evolving global trade dynamics during the Economy Middle East Summit 2026, where ECI participated as a sponsor.

Raja participated in a panel titled “Investment Horizons: Trade Opportunities in a Growing UAE Economy” at the summit, where she was also recognised in the “Empowering UAE Businesses in Global Markets” category for her leadership in advancing the UAE’s trade and export ecosystem.

During the discussion, Raja highlighted how the global trade environment is undergoing a profound transformation driven by supply chain fragmentation, elevated shipping risks, rising insurance costs, and shifting geopolitical realities.

She said that the current geopolitical uncertainty is no longer an occasional disruption - it has become part of the operating environment for international trade. "In this environment, the role of export credit agencies like ECI has become significantly more strategic than traditional risk coverage. Thus, reinforcing ECI’s commitment and mandate to enable trade continuity, despite volatility," she noted.

Raja also highlighted that despite mounting pressures across global insurance and trade markets, ECI has maintained a balanced approach focused on supporting UAE exporters while preserving market stability. Rather than implementing blanket premium increases, ECI has expanded its exposure appetite and provided greater flexibility around payment terms to help businesses manage liquidity pressures during uncertain periods.

The company further enhanced its underwriting agility and strengthened real-time risk monitoring systems to help businesses maintain liquidity and sustain growth.

SMEs remain a key priority for ECI, given their growing contribution to the UAE’s non-oil export sector and their heightened vulnerability during periods of volatility.

At the same time, ECI is directing greater attention toward future-focused sectors such as surveillance, emerging infrastructure, and advanced industries where export support can create a multiplier effect on national competitiveness.

The panel shed light on how ECI identifies emerging opportunities for UAE exporters, explaining that the organisation’s market intelligence framework goes beyond traditional economic indicators and focuses on the intersection of demand momentum, trade enablement, and risk resilience.

The discussion underscored ECI’s close tracking of rising non-oil trade in sectors where the UAE is strongest—advanced manufacturing, logistics, healthcare, food security, clean energy, and industrial technologies. It also highlighted that the "We the UAE 2031" vision is creating major opportunities for exporters in productivity, sustainability, and future-oriented innovation.

ECI works closely with local and international financial institutions, export credit agencies, and strategic partners to strengthen trade finance ecosystems across emerging corridors. Through its insurance and guarantee solutions, ECI enables exporters to secure working capital, access trade financing, and offer more competitive payment terms.

(WAM)-


The Central Bank of the UAE (CBUAE) has issued gold and silver commemorative coins to mark the Golden Jubilee of the United Arab Emirates University (UAEU).

The issuance recognises the university’s five decades of academic and scientific journey, its prominent role in preparing qualified national talent, and its contribution in supporting higher education and research, while reinforcing the UAE’s position as a leading hub for knowledge.

The obverse of the coins features a design depicting UAEU’s historic campus, reflecting its prestigious academic legacy as the nation’s first university, surrounded by distinctive artistic motifs, along with the phrase “Golden Jubilee” and the name “United Arab Emirates University” in both Arabic and English. The reverse side features a symbolic design representing the university’s modern campus, encircled by the phrase “Central Bank of the United Arab Emirates” in both Arabic and English.

The commemorative coins have been issued in gold and silver, each weighing 50 grams. A total of 100 gold coins and 3,000 silver coins have been produced. The coins have been handed over to the United Arab Emirates University and will not be available for sale through the Central Bank or the University.

(WAM)-


Exports of the Republic of Korea rose 65 percent from a year earlier in the first 20 days of May, data showed Thursday, with semiconductor shipments more than tripling over the period.

Outbound shipments reached US$52.7 billion in the May 1-20 period, compared with $31.9 billion tallied in the same period last year, according to data released by the Korea Customs Service.

The figure was the largest ever recorded for the first 20 days of May, Yonhap News Agency reported.

Imports went up 29.3 percent on-year to $41.6 billion over the cited period, resulting in a trade surplus of $11 billion.

By sector, exports of semiconductors surged 202 percent from a year earlier to $21.9 billion, while those of petroleum products rose 46.3 percent to $3.23 billion.

The customs data showed chips accounted for 41.7 percent of total exports, up 19 percentage points from a year earlier.

Outbound shipments of automobiles, on the other hand, fell 10.1 percent to $2.76 billion.

By destination, exports to China climbed 96.5 percent, followed by the United States with 79.3 percent and Vietnam with 70.2 percent. Shipments to the European Union increased 21.7 percent.

(WAM)-


The Financial Services Regulatory Authority (FSRA) of ADGM and the Hellenic Capital Market Commission (HCMC) have announced the signing of a Memorandum of Understanding (MoU), establishing a formal framework for cooperation and mutual assistance between the two Authorities.

The MoU was signed by Emmanuel Givanakis, CEO of the FSRA of ADGM, and Ms. Vasiliki Lazarakou, Chair of the HCMC.

The MoU provides a practical framework for the FSRA and HCMC to work together on the supervision and regulation of capital markets, including structured information exchange and mutual assistance within their respective mandates, helping to strengthen market integrity and investor confidence across both jurisdictions; it also supports cooperation on shared priorities such as combating money laundering, terrorist financing and proliferation financing, and ensuring compliance with relevant sanctions.

Emmanuel Givanakis said, “The MoU with HCMC marks an important step in further strengthening FRSA’s international regulatory cooperation. By deepening engagement with key global counterparts, we continue to reinforce our commitment to upholding the highest standards of market integrity, transparency, and effective supervision.”

Vasiliki Lazarakou stated, “This agreement further strengthens the HCMC’s international cooperation with important regulatory authorities outside the European Union, contributing to more effective supervision and enhancing market confidence.”

The agreement demonstrates the Authorities’ shared focus on practical collaboration that helps regulators respond to cross-border activity with greater coordination, strengthens investor protection, and supports the integrity and resilience of global capital markets

(WAM)-


China's robotics industry growth is entering the fast lane, driven by rising market demand, stronger capital support and faster commercialiSation across industrial and services scenarios, industry analysts said on Tuesday.

AGILINK, a Chinese dexterous robotic hand manufacturer, has secured hundreds of millions of yuan in a new funding round, pushing its valuation above $1 billion and achieving unicorn status. This marks the company's 4th funding round since its founding in January 2026, the company told the Global Times on Tuesday.

According to AGILINK, the fresh capital will be used to develop large-language models for dexterous hands, build open-source datasets, upgrade hardware products and accelerate large-scale deployment in industrial automation, services robotics and specialiSed operations.

Founded in January 2026, AGILINK - a dexterous hand subsidiary of AGIBOT, one of China's leading humanoid robotics makers - has delivered more than 8,000 dexterous hands and over 10,000 grippers, with more than 1,000 units deployed in industrial, logistics and services scenarios.

China's embodied intelligence sector continues to attract strong investor interest.

According to industry data, more than 50 financing events were held in the first quarter of 2026, involving more than 30 companies and a total funding of 20 billion yuan ($2.94 billion), up nearly 60 percent year-on-year.

In another development highlighting the sector's growth momentum, Xianheng International Science & Technology Co announced that its embodied intelligence business aims to generate 1.5 billion to 2 billion yuan in revenue over the next five years, domestic media outlet Jiemian News reported on Tuesday. The company said that it plans to invest in a domestic robotics unicorn and has reached a broad strategic partnership with Hangzhou-based DEEP Robotics. In 2026, it plans to help DEEP Robotics sell 100 robot dogs at an average price of 900,000 to 1 million yuan, mainly for power grid inspection and related uses, the Jiemian News reported.

"China's advantage in the global embodied intelligence race does not lie in a single technical parameter, but in the depth of manufacturing scenarios, the completeness of the supply chain, and the efficiency of coordination between capital and industry," Tian Feng, former dean of SenseTime's Intelligence Industry Research Institute, said on Tuesday.

Tian told the Global Times that 2026 is regarded as a crucial year for mass production and large-scale validation in embodied intelligence.

He added that competition in embodied intelligence is shifting from full-stack humanoid robot development toward modular specialiSation. Dexterous hand, which account for about 20 percent of the total cost of a humanoid robot, is seen as a critical factor determining both the intelligence ceiling and practical usability of the entire machine, Tian noted.

China's embodied intelligence financing landscape is showing new characteristics this year, Wang Feili, an industrial sector analyst with UBS Securities China, said in a note sent to the Global Times on Tuesday.

Robotmakers are concentrating on AI large-language models, while component suppliers focus on core parts such as dexterous hands, Wang said, adding that robot leasing is an emerging business this year. "Leasing not only helps manufacturers sell products, but also allows original equipment manufacturers to reach different customers faster and obtain data more efficiently," Wang said.

China's robotics sector is projected to grow from $47 billion in 2024 to $108 billion by 2028, reflecting a 23 percent annual growth rate, according to Morgan Stanley.

(WAM)-


NMDC Dredging & Marine, a subsidiary of NMDC Group, has inaugurated the NMDC Coastal & Hydrodynamic Center, the region’s first hydraulic physical modelling test facility, bringing advanced coastal and marine engineering validation in-country and reducing reliance on international laboratories.

Unveiled during Make it in the Emirates (MIITE) 2026 to strengthen in-country value and localise strategic engineering capabilities, the purpose-built facility enables the simulation and physical testing of complex marine, coastal and offshore infrastructure under controlled conditions, reflecting national priorities to localise advanced industrial capabilities and strengthen in-country value across strategic sectors.

By establishing these capabilities in the UAE, NMDC is improving design efficiency and supporting faster project delivery and cost control, strengthening the UAE’s position as a hub for world-class engineering and industrial capability.

The facility allows engineers to simulate and validate the impact of waves, tides and currents on critical infrastructure, including ports, breakwaters, sea walls and offshore structures. Using scaled physical models to replicate real-world environments, it ensures that model behavior reflects full-scale performance, including wave forces, pressures and structural response, enabling designs to be tested, refined and optimised before construction.

The facility, constructed entirely by NMDC Infra, the specialist construction subsidiary of NMDC Group, supports the Group’s end-to-end engineering and delivery capabilities, demonstrating that NMDC Group possesses the expertise and capacity to conceptualise, build, and operationalise highly specialised infrastructure entirely within its own ecosystem.

Dr. Yasser Zaghloul, CEO of NMDC Group, said, “The launch of this pioneering facility is a strategic milestone in our commitment to building long-term, sovereign capabilities within the UAE by institutionalising advanced engineering expertise and cutting-edge testing methodologies. We are dedicated to fortifying the nation's industrial foundation and driving sustainable growth across the infrastructure, energy, and maritime sectors. Ultimately, this center is a tangible realisation of the 'Make it in the Emirates' vision, further cementing the UAE's position as a premier global hub for manufacturing, innovation, and engineering excellence.

"Operating as the first and only integrated commercial laboratory of its scale in the Middle East and West Asia, the facility features a sophisticated 3D wave basin and a 2D wave flume. These advanced hydraulic installations leverage ultra-precise digital wave-generation systems to stress-test fixed and floating structures under the most severe operational and environmental conditions. The facility’s capabilities span the entire project lifecycle—from foundational research to macro-project validation encompassing wave transformation and overtopping dynamics, sediment transport, hydro-erosion, and port optimisation under diverse navigational conditions."

Eng. Niels de Bruijn, CEO of NMDC Dredging & Marine, said, “Physical modelling is critical to understanding and managing the risks associated with marine and coastal infrastructure. Historically, this level of testing requires working with specialised international laboratories. Bringing this capability in-house allows us to integrate design, testing and project delivery more closely, identifying and resolving challenges earlier in the engineering process while improving efficiency and supporting innovation within the region.”

Beyond project delivery, the facility enables advanced research and consultancy, supporting collaboration with leading international partners and academic institutions, including opportunities for research, student engagement and knowledge development. It also supports the development and testing of offshore renewable energy systems, including wave, tidal and floating wind technologies.

The launch of the facility reinforces NMDC Group’s role in advancing the UAE’s industrial and localisation agenda, a central focus of Make it in the Emirates, while strengthening supply chains and driving sustainable economic growth.

(WAM)-


Louis Margueritte, Chief Executive Officer of Business France, the French national agency for international business development, affirmed that France and the United Arab Emirates possess strong elements of economic complementarity.

Speaking during a dialogue session hosted today at the Dubai Press Club on the sidelines of his visit to the UAE, Margueritte said that artificial intelligence, technology and industry represent promising opportunities to deepen partnerships between the two countries, alongside long-established sectors such as defence, energy, infrastructure and services.

He stressed that France and the UAE are continuing to strengthen their long-standing strategic partnership based on trust, investment and innovation, noting that bilateral trade between the two countries reached €10.8 billion in 2025, marking a 27 percent increase, while trade between France and the Gulf region totalled €24.9 billion.

Margueritte explained that his visit to the UAE aims to deepen bilateral cooperation, accelerate investment flows and reinforce strategic partnerships in key sectors shaping the future global economy.

During the visit, which came around two and a half months after his appointment by the French President as CEO of Business France, Margueritte met senior institutional and economic officials. Discussions focused on strategic investment opportunities, artificial intelligence, advanced industries, tourism, infrastructure and long-term economic cooperation between France and the UAE.

Margueritte said the UAE is no longer merely a strategic market for France, but is increasingly becoming a strategic partner in building future industries, adding that in times of profound global transformation, trusted partnerships are more important than ever.

He noted that more than 600 French companies operate in the UAE, ranging from large corporations to SMEs and startups, across sectors including technology, artificial intelligence, healthcare, manufacturing, energy, defence, luxury, services and infrastructure.

Margueritte pointed out that the role of Business France extends beyond organising major events and summits to facilitating direct meetings between companies and connecting them with relevant partners, whether CEOs, CFOs, investors or institutional entities.

He emphasised that companies, particularly SMEs and mid-sized firms, need practical and direct meetings that create tangible commercial and investment opportunities.

Regarding the Vision Golfe forum, Margueritte confirmed that Business France will organise the event in Paris on 18 and 19 June.

He explained that the forum annually attracts broad participation from decision-makers, senior officials, business leaders, investors and company representatives from France and Gulf countries. He expects participation this year to exceed between 1,300 and 1,500 attendees.

He added that the 2026 edition will focus on artificial intelligence, energy transition, industrial partnerships, logistics, water security, human capital and future industries.

Margueritte noted that the previous edition attracted more than 1,250 participants and resulted in over 2,000 high-level business meetings.

He said the forum serves as a strategic platform to deepen dialogue between France and Gulf countries,

(WAM)-


The Statistics Centre - Abu Dhabi (SCAD), the official authority for statistical data in the Emirate, has announced the implementation of a comprehensive revision and rebasing initiative for Abu Dhabi’s Gross Domestic Product (GDP) time series.

The initiative reflects SCAD’s commitment to strengthening the quality, coherence, transparency, and international comparability of official economic statistics in line with evolving economic structures, improved data availability, and international statistical standards.

The revision is supported by major statistical and economic measurement initiatives undertaken in recent years, including the development of Supply and Use Tables and Input Output Tables, the latest Population data as per the register-based census, the Household Income and Expenditure Survey (HIES 2024), and continued enhancements to business and administrative statistical registers.

The initiative is further supported by the continued development of administrative, regulatory, and business data sources across the Emirate, including expanded institutional and free zone coverage through the Abu Dhabi Registration Authority (ADRA), improvements in economic activity profiling and business register quality, and the gradual expansion of available economic administrative datasets associated with the evolving national tax environment.

As part of this process, GDP estimates will be recalibrated to an updated base year to better reflect the current structure, scale, and dynamics of Abu Dhabi’s economy.

The revision initiative also supports broader national level alignment efforts aimed at strengthening consistency, comparability, and coherence across the UAE statistical system.

The work additionally contributes to preparatory efforts associated with future international statistical framework developments, including the forthcoming System of National Accounts 2025 (SNA 2025).

The enhancements are expected to improve both the level accuracy and sectoral distribution of GDP estimates, while strengthening consistency across related macroeconomic indicators and historical time series.

The work also supports improved measurement coverage across economic activities, including wholesale and retail trade, financial services, real estate, and segments of the non-observed and digitally enabled economy where internationally recommended methodologies continue to evolve.

Abdulla Gharib Alqemzi, Director-General of SCAD, said that the comprehensive revision of Abu Dhabi’s GDP time series reflects SCAD’s continued commitment to enhancing the quality, consistency, and international comparability of official statistics. The initiative builds on strengthened statistical infrastructure, broader data availability, and ongoing methodological enhancements across the Abu Dhabi Statistical System.

“The objective is to ensure that Abu Dhabi’s economic indicators continue to provide a robust and credible evidence base for policymakers, investors, researchers, and international institutions, while accurately reflecting the evolving structure and scale of the Emirate’s economy," he added.

SCAD noted that the revision process will be implemented in accordance with its approved statistical revision policy and internationally recognised statistical standards.

Methodological documentation will be published alongside the revised estimates, and historical series will be revised consistently where required to preserve comparability over time. Technical engagement with key stakeholders and data partners will continue throughout the implementation process.

SCAD also highlighted that ongoing advancements in data management, statistical integration, analytical technologies, and the Abu Dhabi Government’s broader AI native government transformation efforts are supporting improvements in the timeliness, consistency, quality assurance, and methodological validation of economic statistics production across the Emirate.

SCAD confirmed that the current published GDP series remains the official statistical reference until the revised estimates are formally released.

Company: Oriental Weavers
Symbols: EGS33041C012
Reuters: ORWE.CA
Content :
Referring to the announcement published on 21/05/2026 regarding the minutes of the company's board meeting held on 20/05/2026, a release was received from the company concerning point number 4.
Release from the Company (3,154 KB)

(WAM)-


The Circular Packaging Association (CPA) said packaging waste accounts for between 14 percent and 20 percent of total municipal waste in the region, noting that converting packaging waste into an economic resource could generate savings of up to AED1 billion annually for the UAE economy, while supporting emissions reduction and enhancing the use of recyclable materials.

The association has been appointed Official Knowledge Partner of Recycling Expo Middle East 2026, taking place in Dubai on 22nd–23rd September 2026.

The exhibition will address several themes related to developing waste collection systems, reverse logistics services, improving traceability of recycled materials, expanding sustainable materials markets, and strengthening extended producer responsibility models.

Mohamed Ali Eldabaa, Chairman of the Circular Packaging Association, said developing a circular packaging system requires the integration of policies, infrastructure and markets, noting that waste recovery contributes to reducing emissions and supporting the local economy.

Jake Cody, Event Director at Recycling Expo Middle East, said the exhibition aims to bring together stakeholders across the value chain to exchange expertise and discuss solutions related to advancing the circular economy in the region.

The collaboration is aligned with the UAE's Circular Economy Policy 2021–2031, the first such policy issued in the GCC, and the region's broader ambitions around resource efficiency and sustainable growth.

(WAM)-


Abdalla ElEbiary, Managing Director with Alvarez & Marsal's Sovereign Advisory Services in Dubai, said that the UAE economy has demonstrated strong resilience and solidity in addressing global geopolitical challenges and fluctuations, with growth expected to remain robust in the coming years, supported by sectors driving the new economy.

In statements to the Emirates News Agency (WAM) on the sidelines of the Economy Middle East Summit 2026 in Abu Dhabi, ElEbiary said Alvarez & Marsal’s participation in the summit reflects its commitment to supporting clients during times of crises and global volatility to better understand their aspirations and challenges and provide enhanced support.

He said the UAE economy continues to record solid growth across sectors, underscoring the strength of its economic foundations, and expressed confidence that the momentum seen over the past five years will continue.

ElEbiary said the coming phase will witness the emergence of new sectors leading economic growth, noting that the focus is no longer limited to traditional infrastructure, but has shifted towards digital infrastructure, alongside artificial intelligence, transformation and sustainability sectors.

He added that the UAE’s new economy is primarily based on these future-focused sectors, while other sectors such as tourism and related services continue to grow, reflecting the diversity of the UAE economy and regional economies in general.

(WAM)-


Dubai Holding Asset Management (DHAM) has broken ground on Lantana Hills, a new premium gated residential community at the heart of Dubai Science Park, Al Barsha South. It has also appointed Group AMANA, the regional leader in design and build, as the main contractor under an AED680 million agreement.

The groundbreaking ceremony was attended by Malek Al Malek, Group Chief Executive Officer of Dubai Holding Asset Management; and Richard Abboud, Chief Executive Officer of Group AMANA, among other senior officials.

Comprising 390 private townhouses within an amenity-rich environment, Lantana Hills will offer 3- and 4-bedroom family homes thoughtfully designed around the rhythms of modern lifestyle. Handover is scheduled for the second half of 2027.

Group AMANA will deploy DuBox and DuPod’s cutting-edge modular technologies to deliver the community. By leveraging the latest off-site construction methods, the project will accelerate delivery timelines, reduce material waste by up to 30 percent, and improve on-site safety by more than 70 percent compared to traditional construction methods, with approximately 85 percent of the construction completed off-site.

Lantana Hills has achieved LEED for Cities and Communities: Plan & Design – Silver Precertification, with full certification currently in progress in line with Dubai Holding's broader sustainability agenda.

Strategically located within Dubai Science Park, Lantana Hills offers strong city-wide connectivity, with Dubai Hills Mall, Mall of the Emirates, Dubai Mall, and Al Maktoum International Airport.