Issuer Name : EFG Hermes Securitization The First Issuance - Third Program Tranche C December 2027
ISIN Code : EGB69561S227
Reuters Code : EGFIGRSC1P3C=CA
Interest Type : Fixed
Coupon Interest : 10.25%
Coupon Amount : EGP 0.2201481732
Coupon Number : 42
Coupon Date : 29/03/2026
Coupon Payment Date : 30/03/2026
Notes :
Bond Redemption: EGP 1.8613545817

Company Name : Sawra Securitization
ISIN Code : EGB690R1S874 - EGB690R1S882
Reuters Code : EGSASEC36C=CA - EGSASEC36D=CA
Content :
Bondholder's decisions held on 2026/02/09
Sarwa Securitization the Thirty-Six Issue Tranche C Oct 2026
Sarwa Securitization the Thirty-Six Issue Tranche D Oct 2028

Bondholder's Minutes (after Certification) (2,736 KB)

Company Name : El Arabia for Land Reclamation
ISIN Code : EGS65771C015
Reuters Code : EALR.CA
Content :
Release from the company regarding the AGM to be held on 18/07/2020.

Release from the Company (625 KB)

Company Name : El Taamir Securitization
ISIN Code : EGB692R1S435 - EGB692R1S443 - EGB692R1S450
Reuters Code : EGBETSC8ACV - EGBETSC8BCV - EGBETSC8CCV
Content :
Release concerning credit rating for
Sarwa Securitization the Thirty-Six Issue Tran C Oct 2026
Sarwa Securitization the Thirty-Six Issue Tran D Oct 2028

Release from the Company (6,186 KB)

The Egyptian Exchange revealed the most important disclosures and data from several companies during today’s session, as follows:

🏢 Corporate News
Utopia for Real Estate & Tourism Investment: Achieved net profits of EGP 11,595,603 in 2025, compared to about EGP 12,860,194 in 2024.

Middle East Glass Manufacturing: Annual results for 2025 showed net profits of EGP 1,107,652,217, compared to about EGP 170,458,070 in 2024.

Talaat Moustafa Group Holding: Announced participation through one of its subsidiaries in establishing a real estate investment fund worth EGP 8 billion.

CI Capital Holding for Financial Investments: Also announced participation through one of its subsidiaries in establishing a real estate investment fund worth EGP 8 billion.

💰 Economic News
Central Bank of Egypt (CBE): Core inflation recorded 12.7% in February 2026, compared to 11.2% in January 2026. Monthly change was 3.0% versus 1.6% in February 2025 and 1.2% in January 2026.

Digital Banking License: CBE issued Decision No. 106/2026 granting One Bank the first license to operate digital banking services in Egypt.

Local Sukuk Sale: CBE sold fixed-yield local sukuk worth EGP 100 million, with an average yield of 21.3%.

Prime Minister Meeting: Dr. Mostafa Madbouly met Mohamed Amer, EVP of Scatec (Norway) for MENA, to review project progress in Egypt and explore new investment opportunities.

Deputy PM for Economic Affairs: Dr. Hussein Issa met separately with the ambassadors of Germany and India to discuss strengthening economic and developmental cooperation.

Minister of Investment & Foreign Trade: Dr. Mohamed Farid Saleh met sugar companies to discuss market conditions, balanced trade mechanisms, and investment support.

Economic Reforms: Minister Farid confirmed that the government continues to implement structural and institutional reforms to boost investments and exports, aiming to sustain investor confidence and improve the business climate.

Health & Investment Partnership: Ministers of Health and Investment held a meeting to discuss expanding the Universal Health Insurance system in partnership with the private sector.

Food Exports: The Food Export Council announced that Egypt’s food industry exports reached USD 6.8 billion in 2025, with the top 15 products accounting for 71% of the total (USD 4.82 billion).

Customs Authority: Announced a 3-month exemption for indirect transit shipments (final destination outside Egypt) from the ACID pre-registration requirement.

Damietta Port Authority: Reported cargo handling of 3.79 million tons in February 2026, compared to 3.2 million tons previously, marking a 19% decrease versus the same month two years earlier.

Expansion of housing and utilities projects to support Egypt’s Vision 2030.

Maximizing returns from public investments and accelerating the operation of national projects.

New cities as a key driver for attracting investments and creating jobs.

Priority for projects linked to the presidential initiative “Decent Life”.

Dr. Ahmed Rostom, Minister of Planning and Economic Development, and Eng. Randa El-Menshawy, Minister of Housing, Utilities, and Urban Communities, held an extensive meeting to discuss the features of the investment plan for fiscal year 2026/2027, as well as the medium-term investment plan for 2026–2030. The meeting aimed to coordinate between the two ministries to enhance the efficiency of public investments and support the targets of Egypt’s Vision 2030.

Minister Rostom emphasized that the housing and urban development sector is one of the main drivers of Egypt’s economic growth, given its role in infrastructure development, service improvement, job creation, and raising citizens’ quality of life. He noted that the next phase will focus on maximizing the economic and social returns of public investments by improving project management efficiency and ensuring timely implementation.

He added that the Ministry of Housing has achieved high rates in implementing state investment projects, reflecting its ability to manage major national projects that drive urban development and economic activity across governorates.

Minister Randa El-Menshawy explained that the ministry has prepared a medium-term investment plan for 2026–2030, including programs and projects aimed at meeting citizens’ basic needs, particularly expanding housing units and improving drinking water and sanitation services. She highlighted ongoing urban development projects in new cities to attract investments, create jobs, and transform these cities into developmental and economic hubs.

The meeting also reviewed priority projects, especially those under the presidential initiative “Decent Life”, as well as social and middle-income housing projects and integrated urban development initiatives.

At the conclusion, both ministers stressed continued coordination to monitor project implementation, supporting the state’s efforts to develop infrastructure, enhance urban growth, and achieve sustainable development goals.

President Abdel Fattah El-Sisi met today with Dr. Mostafa Madbouly, Prime Minister, and Eng. Karim Badawy, Minister of Petroleum and Mineral Resources.

The Presidential Spokesman stated that the meeting reviewed the executive status of efforts to develop Egyptian companies to increase production through hydraulic fracturing and horizontal drilling. Minister Karim Badawy noted that the petroleum sector is accelerating the application of these techniques, enabling access to oil and gas resources that are difficult to exploit by traditional methods, and supporting a qualitative leap in crude oil and gas production rates.

The President emphasized the importance of providing and localizing modern technologies that enhance productivity, drawing on successful global and regional experiences, while ensuring optimal economic application in cooperation with major service, drilling technology, and production partners. The meeting also addressed the aerial survey program for mineral resources to boost investment in the mining sector.

Ambassador Mohamed El-Shennawy, Presidential Spokesman, added that the meeting also reviewed recent movements in petroleum and gas product prices due to escalating regional events. The President followed up on measures being taken to ensure the availability of petroleum materials for productive sectors, power generation plants, and other uses.

The Minister of Petroleum confirmed the sector’s commitment to continuing the reduction of outstanding dues owed to foreign partners until full settlement, alongside regular monthly payments without delays. He stressed that the ministry adopts a consultative approach with investors to understand their needs and proposals, aiming to reach the best systems that maximize mutual benefit.

President El-Sisi stressed the importance of maintaining regular payments to international petroleum companies to encourage increased exploration and production. He also emphasized the need to establish mechanisms to develop exploration, research, and development activities to meet local needs and reduce imports.

In a strategic step towards achieving pharmaceutical security and strengthening national capabilities in biotechnology, Dr. Amr Kandil, Deputy Minister of Health and Population, chaired the first meeting of the Egyptian Vaccine Manufacturers Alliance (EVMA). The meeting was attended by leaders of the Unified Procurement Authority, the Egyptian Drug Authority, representatives from the Ministries of Finance, Planning, and Investment, along with leading national and international vaccine manufacturing companies.

The meeting was held in implementation of Ministerial Decree No. (449) of 2025 establishing the committee, with the aim of unifying efforts between government bodies and the private sector to support vaccine industry localization and prepare for future health challenges.

During the session, Dr. Kandil reviewed two proposals from global companies to localize seasonal influenza vaccine production, noting that they were discussed in line with the state’s vision to select the most suitable option to achieve national goals and strengthen manufacturing and export capabilities.

Dr. Hesham Badr, Deputy Chairman of the Unified Procurement Authority, affirmed that Egypt possesses well-equipped factories and manufacturing capacities that qualify it to lead this field across Africa. Meanwhile, Dr. Tamer El-Husseiny, Deputy Chairman of the Egyptian Drug Authority, stressed full readiness to provide all necessary support to companies to facilitate manufacturing and external export operations.

The committee discussed mechanisms for technology transfer and set out implementation steps with specific timelines aligned with international standards. The discussions concluded with a roadmap outlining priorities for the coming phase. Participants agreed that “this meeting represents a pivotal step towards transforming Egypt into a leading regional hub for vaccine manufacturing and export in the Middle East and Africa, supporting regional health security and enhancing preparedness for future epidemics.”

Subject of announcement: Letter from Beltone Asset Management
Company name: Index Funds Company Investment Certificates – EGX 30 INDEX ETF
ISIN: EGS69491M015

Trading on the security has been suspended in accordance with the letter received from Beltone Asset Management dated 11 March 2026 regarding the adjustment of the reference price from EGP 56.94 to EGP 53.97.

Accordingly, trading on the security will resume starting from 12:20 PM with the reference price adjusted to EGP 53.97.

The Egyptian Customs Authority announced the exemption of indirect transit shipments, whose final destination is outside Egypt, from the Advance Cargo Information Declaration (ACID) requirement for a period of three months. This decision comes in light of current regional developments and their impact on trade movement in the region.

The decision was issued through an instruction circular by Ahmed Amoui, Head of the Customs Authority. It covers shipments arriving at Egyptian ports for transit through Egyptian territory to the ports of Nuweiba, Ain Sokhna, and Safaga, and then to their final destinations in West Asia (Gulf countries), as well as shipments coming from those countries heading to various parts of the world.

The decision is applied under several conditions, most notably:

The final destination outside Egypt must be clearly stated in shipping manifests and bills of lading.

Shipping agencies and freight forwarders must comply with all customs procedures related to the indirect transit system according to the governing rules.

These shipments will be granted priority in completing customs procedures.

Both parties to the commercial transaction (exporter and importer) must be outside Egypt.

The Red Sea Ports witnessed significant activity today, Wednesday, March 11, 2026, with a total of 22,000 tons of goods handled and 1,100 trucks loaded with general and diverse cargo.

In this context, Safaga Port received a shipment of 1,458 live calves.

According to the Media Center of the Red Sea Ports Authority, the total number of vessels docked at the authority’s ports reached 8. Cargo movement included imports of 6,000 tons of goods, 540 trucks, and 104 cars, while exports amounted to 16,000 tons of goods, 560 trucks, and 9 cars.

Safaga Port is preparing today to receive the vessel MAYSA, carrying 1,458 live calves from Djibouti. Relevant authorities are taking the necessary measures to inspect the shipment and ensure its safety before unloading. The port is also receiving the vessels PELAGOS Express and Pan LiLi, while Alcudia Express and Dalila are departing. It is noteworthy that yesterday the port received the vessels Poseidon Express and Al-Hurriya, while three vessels departed: PELAGOS Express, Al-Hurriya, and Al-Hurriya 2.

At Nuweiba Port, 4,300 tons of goods and 322 trucks were handled through shuttle trips of four vessels: Al-Hussein, Awr, New Aqaba, and Sinai. The Authority’s ports recorded the arrival and departure of 1,900 passengers.

Presidential Decree No. 116 of 2026
The President of the Arab Republic of Egypt,
After reviewing the Constitution;
And Law No. 10 of 2009 regulating the supervision of non-banking financial markets and instruments;

Decrees:

Article One
Mr. Islam Abdel Azim Okasha Azzam is assigned to act as Chairman of the Board of Directors of the Financial Regulatory Authority for a period of one year, effective from 4 March 2026.

Article Two
This decree shall be published in the Official Gazette.

Issued at the Presidency of the Republic on 14 Ramadan 1447 AH (corresponding to 4 March 2026 AD).
Abdel Fattah El-Sisi

Dr. Mohamed Farid:

We believe that market stability begins with a balanced regulation of import and export mechanisms.

Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade, held a meeting with officials from Egypt’s sugar production companies to discuss current market conditions, ways to strengthen the balance between local production and consumption needs, and the use of trade policy tools to regulate imports and exports. The meeting was part of the ministry’s efforts to further organize and support the local industry, ensure the availability of supply chains in the markets, and enable companies to achieve their targets through a balanced trade policy that supports all stakeholders, with the national economy at its core.

Participants included Dr. Shehab Marzban, Chairman of El Sharqia Sugar Company; Dr. Kamel Abdallah, Chairman of Canal Sugar Company; Mr. Emad Farid, Chairman of Nile Sugar Company; and Mr. Mahmoud Fouda, Chairman of Savola.

Minister Farid emphasized that the state attaches great importance to the value chain of strategic commodities, especially sugar, noting that continuous coordination with the private sector is a cornerstone for ensuring steady production and the availability of goods in the markets.

He highlighted the ministry’s commitment to studying cost economics in the food industry to ensure the sustainability of production entities. The meeting reviewed changes in actual production costs affected by current pressures and discussed ways to achieve strategic balance that safeguards the interests of both producers and consumers.

Dr. Farid explained: “Market stability begins with regulating import and export mechanisms, with a focus on supporting and localizing existing industries to enhance their added value to both the agricultural and industrial sectors, while providing an integrated investment environment characterized by transparency and clarity for all stakeholders.”

The meeting also reviewed production developments in the companies and discussed regulatory decisions governing the circulation and distribution of sugar in the local market, as part of government efforts to ensure product availability in appropriate quantities and achieve balance between production and consumption.

At the conclusion of the meeting, sugar company officials expressed their appreciation for the partnership-based approach adopted by the Ministry of Investment and Foreign Trade, stressing their full commitment to implementing recommendations that ensure supply stability and meet citizens’ needs.

They also emphasized the importance of continuing partnership and coordination between the ministry and the private sector to strengthen production sustainability and achieve the required balance in the local market.

Company Name : TAWASOA For Factoring
ISIN Code : EGS7D231C010
Reuters Code : TWSA.CA
Subscription Price : 1 EGP
Entitled to Rights Issue till : 25/03/2026
Beginning Date Of Subscription to Rights Issue : 30/03/2026
Ending Date of Subscription to Rights Issue : 19/04/2026
Number of Shares Prior to Right Offering : 75,000,000 shares
Number of Shares Pursuant to Rights Offering : 115,000,000 shares
Number of Shares Increased : 40,000,000 shares

Correction from the Company (6,746 KB)

News Attachment in Arabic (201 KB)
News Attachment in English (14 KB)

Company Name : GB Corp
ISIN Code : EGS673T1C012
Reuters Code : GBCO.CA
Content :
Company's reply on the Auditor's Report for the year ended on 31/12/2025 (Consolidated).

Company's Reply on the Auditor's Report (388 KB)

Company Name : TAWASOA For Factoring
ISIN Code : EGS7D231C010
Reuters Code : TWSA.CA
Subscription Price : 1 EGP
Entitled to Rights Issue till : 22/03/2026
Beginning Date Of Subscription to Rights Issue : 25/03/2026
Ending Date of Subscription to Rights Issue : 13/04/2026
Number of Shares Prior to Right Offering : 75,000,000 shares
Number of Shares Pursuant to Rights Offering : 115,000,000 shares
Number of Shares Increased : 40,000,000 shares

Release from FRA (7,634 KB)

Company Name : Egyptian Media Production City
ISIN Code : EGS78021C010
Reuters Code : MPRC.CA
Content :
Referring to what was published on trading screen on 08/03/2026 concerning the AGM invitation that will be held on 30/03/2026 , Release from the company was sent concerning the attachments that will be represented in AGM.

Release from the Company (17,416 KB)

Company Name : Ismailia National Food Industries
ISIN Code : EGS01041C010
Reuters Code : INFI.CA
Content :
AGM minutes before certification
Assembly Date : 07/03/2026

AGM Minutes (before Certification) (3,242 KB)

Company Name : C I Capital Holding For financial Investments
ISIN Code : EGS691D1C018
Reuters Code : CICH.CA
Content :
Release from the company indicates that CI Capital Holding for Financial Consulting is participating, through one of its subsidiaries, in the establishment of a real estate investment fund worth 8 billion Egyptian pounds.

Release from the Company in Arabic & English (66 KB)

Company Name : Remco for Touristic Villages Construction
ISIN Code : EGS70271C019
Reuters Code : RTVC.CA
Content :
Referring to the announcement published on 26/02/2026 regarding the invitation to the AGM scheduled to be held on 28/03/2026, a correction was received from the company.

Release from the Company (397 KB)
Correction from the Company (507 KB)

Company Name : TMG Holding
ISIN Code : EGS691S1C011
Reuters Code : TMGH.CA
Content :
Release from the company stating that TMG subsidiary participates in the establishment of real state investment fund with EGP 8 Billion offering

Release from the Company in Arabic & English (801 KB)

Company Name : Fitness Prime
ISIN Code : EGS774M1C017
Reuters Code : FTNS.CA
Content :
Release regarding the disclosure form according to the Article 29 of EGX Listing Rules.
The Release (250 KB)

Company Name : Utopia For Real Estate & Tourism
ISIN Code : EGS655Y1C017
Reuters Code : UTOP.CA
Content :
Release from the company regarding the AGM & EGM to be held on 15/04/2025.

Release from the Company (858 KB)

(WAM) --

The Ministry of Energy and Infrastructure announced a set of key achievements supported by measurable results, as part of a comprehensive institutional transformation that strengthened financial sustainability, accelerated legislative development, enhanced energy efficiency, and contributed to advancing the infrastructure, housing, and government services ecosystem, further reinforcing the UAE’s regional and global competitiveness.

Under the financial sustainability pillar, the Ministry implemented a unique operating model to achieve self-sufficiency at the operational budget level during the period 2020–2025. As part of this approach, it established two companies, with a target of reaching six companies by the end of 2026. The Ministry also launched 15 public–private partnership (PPP) projects, with expected revenues exceeding AED40 million by 2027, and signed five agreements with national banks to provide alternative housing financing sources.

In the housing sector, the Ministry introduced an innovative model for financing housing loans, which contributed to closing 12,000 accumulated housing applications and reduced the government budget allocated to housing loans by 100 percent, with financing provided entirely through private sector partnerships. As a result, the housing demand fulfillment rate increased from 34 percent to 94 percent, while the homeownership rate among UAE citizens reached 91 percent, reflecting the effectiveness and sustainability of national housing policies.

In the area of legislation and policies, the Ministry accelerated the development of regulatory frameworks, introducing and developing five new policies and launching four certification schemes over the past five years.

With regard to energy efficiency and demand management, the Ministry launched a national plan extending to 2050 that includes 34 initiatives. It also established the National Team for Energy and Water Demand Management, chaired by the Ministry’s Undersecretary and comprising 30 representatives from 28 entities, in addition to five technical committees, while accelerating the implementation of 16 initiatives over five years across the buildings, transport, industry, and agriculture sectors.

In the buildings sector, the Ministry implemented the first phase of the Federal Government Buildings Energy and Water Consumption Reduction Project, which covers 60 federal government buildings with investments of AED120 million. The project forms part of a broader plan extending to a second phase covering 360 federal buildings, with an estimated cost of AED1 billion, fully financed by the private sector.

The Ministry has also strengthened the transition toward sustainable transport through the establishment of UAEV, which aims to provide a fast and advanced charging infrastructure for electric vehicles across the UAE.

As part of the government transformation agenda, the Ministry shifted from fragmented services to the Government Bundles model. It launched the “Manzili” bundle in collaboration with 24 entities, reducing the number of service entities from 11 to one, required documents from 10 to two, procedures from 14 to three, and required data fields from 32 to just five. The Maritime Transport Bundle also reduced customer effort by 97 percent while serving more than 38,000 commercial vessels. In addition, the Ministry launched its first digital centre powered by advanced technologies, further enhancing customer satisfaction and happiness.

Suhail Mohamad Al Mazrouei, Minister of Energy and Infrastructure, said, “The achievements accomplished by the Ministry in recent years represent a true translation of the vision of our wise leadership, which established a proactive and efficient government model built on effective partnerships with the private sector. We have worked to translate this vision into tangible outcomes that strengthen financial sustainability, advance the housing ecosystem, enhance energy efficiency, and accelerate digital transformation - ultimately improving the quality of life for citizens and residents while reinforcing the UAE’s competitiveness at both the regional and global levels.”

He added, “In the coming phase, we look forward to building on these achievements by expanding strategic partnerships, accelerating the implementation of national initiatives through 2050, and adopting innovative solutions that support efficient resource utilisation and the transition toward a green and digital economy. Guided by the support and direction of our wise leadership, we will continue to strengthen a flexible and sustainable government model that anticipates the future and keeps pace with the aspirations of UAE society for greater prosperity, stability, and quality of life.”

(WAM) --

Free Zones Authority of Ajman has recorded exceptional financial and operational results in 2025, achieving an unprecedented surge in the number of registered companies, which increased by 216% compared to 2024.

Revenues also rose by 17% year-on-year due to the growth in the number of investors, while occupancy rates across investment sites reached 95%.

This reflects the efficiency of operational performance and the growing demand for investment services, further enhancing the emirate’s attractiveness as a leading investment destination.

H.H. Sheikh Ahmed bin Humaid Al Nuaimi, Chairman of the Board of Ajman Free Zones Authority, said the results reflect tangible growth and the significant success of the free zones, supported by innovative solutions and services based on the latest advanced technologies, in line with Ajman’s ambitious vision and efforts to strengthen the emirate’s business environment.

He noted that this success serves as a motivation to continue providing the requirements of the current and future investment community, opening promising prospects for the business sector and supporting the path of sustainable development and comprehensive progress.

He also stressed the Authority’s firm commitment to enhancing infrastructure to help shape a flexible and sustainable future economy and consolidate its position as a leading global hub for business and investment, in line with Ajman Vision 2030.

(WAM) --

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, attended a specially convened Dubai Majlis that brought together nearly 300 senior leaders from across Dubai’s business community to discuss strategies to reinforce Dubai’s economic resilience.

H.H. Sheikh Hamdan said, “Thanks to the vision of our wise leadership and our close partnership with the business community, Dubai continues to move forward with confidence to strengthen the resilience of its economy and reinforce its position as a global hub for trade, tourism and investment. We will continue to take all necessary steps to ensure sustainable economic growth and safeguard our development gains, further enhancing Dubai’s competitiveness.”

The meeting was organised by the Dubai Department of Economy and Tourism as part of the Government of Dubai’s commitment to deepening cooperation with the private sector and strengthening coordination across economic sectors to ensure sustainable growth and reinforce the emirate’s global stature.

The Majlis was attended by Mohammad Abdullah Al Gergawi, Minister of Cabinet Affairs, and Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications.

The private briefing featured detailed updates from Reem Al Hashimy, Minister of State for International Cooperation; Major General Abdul Nasser Al Humaidi, Official Spokesperson of the Ministry of Defence, and Sir Tim Clark, President of Emirates Airline.

The meeting reviewed measures and strategies to reinforce national economic resilience and sustain economic momentum, supporting Dubai’s position as a leading global hub for trade, tourism and investment, and strengthening its ability to deliver sustainable growth across key sectors.

In her remarks, Reem Al Hashimy highlighted the importance of unity and cohesion, commending the confidence and stability demonstrated by the business community and wider society. She called for continued collective efforts to advance Dubai’s development and prosperity.

Helal Saeed Almarri, Director-General of the Dubai Department of Economy and Tourism, said, “Under the leadership and vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and the guidance of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai has built one of the world’s most resilient and future-ready economic ecosystems. Today’s meeting sends a clear message of our shared commitment to align on the next phase, ensuring Dubai continues to move forward with confidence, stability and ambition, while promoting growth in line with the Dubai Economic Agenda D33 and reinforcing the city’s position as one of the world’s most trusted global hubs for trade, investment, tourism and innovation.”

Sir Tim Clark noted that Dubai’s aviation sector has demonstrated strong adaptability, with operations steadily ramping up again while maintaining the highest safety standards. He emphasised that global demand for travel through Dubai remains strong, reinforcing the city’s position as one of the world’s most important global aviation hubs.

The Dubai Majlis also highlighted the strength of the partnership between the government and the private sector. The meeting concluded with a shared commitment to advance the next phase of growth, in line with the ambitions of the Dubai Economic Agenda D33, reinforcing Dubai’s position among the world’s leading cities for business, investment, and innovation.

(WAM) --

South Korea's exports jumped 55.6% from a year earlier in the first 10 days of March, driven by strong overseas demand for semiconductors, data showed Wednesday.

Outbound shipments reached US$21.5 billion in the March 1-10 period, compared with $13.8 billion tallied a year earlier, according to the data from the Korea Customs Service.

It marked the country's largest exports recorded for the cited period.

Imports went up 21.7% on-year to $19.4 billion during the period, resulting in a trade surplus of $2.1 billion, the data showed as quoted by Yonhap News Agency.

By item, exports of semiconductors surged 175.9% on-year to a record high of $7.6 billion amid the global artificial intelligence (AI) boom.

The figure marked the highest amount ever recorded for the first 10 days of a month, far exceeding the previous record of $6.7 billion set last month.

Chip exports accounted for 35.3% of the country's total exports over the cited period, up 15.4 percentage points from the same period last year.

Exports of petroleum products jumped 44.1% to $1.4 billion.

But automobile exports went down 13.9% on-year to $1.4 billion, while shipments of vessels dipped 61.9 percent to $465 million.

By destination, exports to China, South Korea's top trading partner, soared 91.2% on-year to $5.1 billion.

Shipments to the United States jumped 69.9% to $4.2 billion despite the tariff scheme by U.S. President Donald Trump's administration, the data showed.

(WAM) --

Gold prices rose in spot trading this morning as a decline in oil prices eased inflation fears, while investors await a series of US economic data releases this week to assess the Federal Reserve's policy outlook.

Gold prices rose 4% to $5,213.99 per ounce. Spot silver rose 6% to $88.89. Spot platinum gained 1% at $2,221.48, while palladium up 1.5% ​to $1,679.73.

Company Name : Arabia for Investment and Development
ISIN Code : EGS65R01C015
Reuters Code : AIDC.CA
Content :
Release regarding the disclosure form according to the Article 29 of EGX Listing Rules.
The Release (248 KB)

egyptian-gazette

Minister of Labour Hassan Radad received a delegation of the Ready-Made Garments Export Council at the ministry headquarters in the New Administrative Capital on Tuesday, reflecting the ministry’s commitment to understanding the challenges facing this strategic industrial sector and supporting measures to enhance production and increase exports.

During the meeting, the council presented the main challenges affecting the ready-made garment industry, particularly concerning the work environment, including leave entitlements, minimum wage, working hours, and work permits for foreign workers.

In response, Minister Radad directed the launch of executive procedures to issue temporary work permits for select foreign nationals needed by companies in specific fields.

These permits will be valid for six months and will be accessible through all labour directorates across governorates, in coordination with the Central Administration for Foreign Work Permits, expediting procedures while completing all required approvals.

Minister Radad highlighted that, under the directives of the political leadership, the Egyptian state is committed to facilitating investment, supporting productive sectors, and removing obstacles to business growth.

He stressed that the new labour law, developed through extensive stakeholder dialogue, aims to strengthen labour relations and create a balanced work environment that benefits both employers and employees, thereby promoting investment, national economic growth, production, and exports.

Both sides emphasised the importance of ongoing coordination between relevant authorities and the Export Council, as well as developing training systems and raising workforce efficiency in line with global production standards, ultimately enhancing the competitiveness of Egyptian products in international markets.

Company Name : Naeem Real Estate Holding Group
ISIN Code : EGS69191C012
Reuters Code : NARE.CA
Content :
Release from the company regarding the purchase of treasury stocks on 10/03/2026 trading session

Release from the Company (333 KB)

egyptoil-gas

Karim Badawi, Minister of Petroleum and Mineral Resources, reviewed the progress of the Egypt-Cyprus gas transport project, which aims to tie Cypriot Cronos gas field to Egypt’s natural gas liquefaction plants.

This came during a meeting between Badawi and Pascal Breant, Managing Director of TotalEnergies for Egypt and Cyprus. They focused on strengthening their natural gas partnership and reviewed the latest updates on connecting the Cypriot Cronos field to Egyptian infrastructure, a project managed in collaboration with Eni.

During the meeting, Badawi talked with Breant about the next phase of implementation. This partnership serves as a model for regional integration, maximizing gas resources and strengthening Egypt’s position as a strategic energy hub.

TotalEnergies holds a 50% operated interest in Cyprus’s offshore Block 6, where the Cronos field is located, in a 50-50 partnership with the Italian major Eni.

In October 2025, Egypt and Cyprus solidified their energy partnership by signing several landmark commercial agreements to develop the Cronos gas field (Block 6). This move is a major catalyst for the project’s Final Investment Decision (FID). It establishes a clear pipeline for Cypriot gas to be processed and exported via Egypt’s liquefied natural gas (LNG) terminals. According to the Middle East Economic Survey (MEES), the deal further cements Egypt’s status as the primary energy hub for the Eastern Mediterranean.

Company Name : Amer Group Holding
ISIN Code : EGS675S1C011
Reuters Code : AMER.CA
Content :
Release from the company concerning the Board of Directors & the Executive Managers

Release from the Company (995 KB)

egyptoil-gas

Egyptian-UAE firm GoGas Holding has signed a Joint Development Agreement with Madkour Holding Group to establish a combined-cycle power plant in Nouakchott, Mauritania. The facility will be fueled by gas from the offshore Banda Tevet field, which is currently being developed by GoGas. The first phase of the plant is expected to begin generating electricity by the end of 2028, with an initial capacity of 200 megawatt (MW), reaching up to 365 MW.

This step marks a major transformation in Mauritania’s energy sector, expanding the national electricity grid and strengthening the country’s role in the West African Power Pool (WAPP), said GoGas company on March 11.

“This collaboration represents a vital bridge for energy integration in the region. By leveraging our collective expertise, we are ensuring that Mauritania’s natural resources are transformed into sustainable power for its people and the wider West African market,” said Tarek El Molla, Chairman of GO GAS Holding and Egypt’s former Minister of Petroleum and Mineral Resources.

For his part, Mostafa Maskour, Chairman of Madkour Holding, stated: “This partnership reflects our commitment to being a strategic partner for African governments. By combining our engineering excellence with GO GAS’s expertise, we are not just building a power plant; we are establishing a sustainable energy foundation for Mauritania’s industrial and social growth.”

Go Gas Holding is a privately owned start-up founded by a group of energy industry veterans and focused primarily on project development and investment in the Oil, Gas, and Power industry in the Eastern and Southern Mediterranean, and Sub-Saharan Africa.

Madkour Holding Group is a major Egyptian engineering, construction, and infrastructure powerhouse that specializes in turnkey projects across the energy, utility, and industrial sectors in Egypt, the Middle East, and Africa.

Company Name : Mena Touristic & Real Estate Investment
ISIN Code : EGS65441C015
Reuters Code : MENA.CA
Content :
Release regarding the post-implementation disclosure form in accordance with the provisions of Article 29 of EGX Listing Rules.

The Release (576 KB)

egyptoil-gas

Prime Minister Mostafa Madbouly said the recent fuel price increases were a preemptive step to safeguard economic activity and ensure the continued availability of energy supplies, as global oil prices have risen sharply.

Speaking during a Cabinet meeting, Madbouly explained that the decision came after a significant jump in global crude prices, noting that the government still bears a substantial portion of the increased costs of petroleum products.

Oil prices climbed above $119 per barrel on March 9, the highest level since mid‑2022, as supply cuts by Saudi Arabia and other producers fueled concerns over major disruptions to global markets. By midday on March 10, prices had retreated to $92. Egypt’s 2025/2026 budget, however, is based on an assumed oil price of about $75 per barrel.

“Maintaining prices at previous levels would have resulted in massive losses for the state, as the government would have had to absorb the full difference,” Madbouly said.

On March 10, the Ministry of Petroleum and Mineral Resources (MoPMR) raised oil prices of a broad range of fuel products -including Diesel- by about 14% to 17%, the first increase this year, following an earlier hike of 10.5% to 12.9% in October.

Madbouly added that while Egypt still has strategic petroleum stocks purchased at earlier prices, future supply contracts are linked to the current global market levels, increasing the overall cost burden.

“We are currently facing exceptional circumstances, and countries around the world are taking similar measures,” Madbouly said, adding that the government would review the decisions once global market conditions stabilize.

Meanwhile, Karim Badawi, Minister of Petroleum and Mineral Resources, said, “We are committed to providing oil products to all sectors of the state.”

He stressed that maintaining stable energy supplies remains a top priority for the government. This would happen through increasing domestic oil and gas production and accelerating exploration activities to reduce reliance on imports and ease pressure on the state budget.

Currently, Egypt imports about 28% of its gasoline needs and around 45% of diesel, according to the minister.

He added that the government has secured long-term supply contracts from multiple international sources, ranging from six months to 18 months, to ensure stable fuel supplies to the local market despite regional challenges affecting global shipping routes.

Badawi also pointed to the sharp rise in energy costs in recent months, noting that Brent crude prices increased by around 30% between February and March, while gasoline prices rose by about 25% and diesel costs surged by 74-80%.

Despite the price increases, the government continues to shoulder significant subsidies. Badawi noted that butane gas cylinders alone still cost the government about EGP 30 billion annually.

Badawi also noted that gas imports through pipelines from neighboring countries represent only limited volumes; however, the gas infrastructure has strengthened the country’s ability to meet domestic demand. He pointed to four floating storage and regasification units (FSRUs) currently operating in Egypt with a combined capacity of 2.75 billion cubic feet per day (bcf/d).

egyptoil-gas

Prime Minister Mostafa Madbouly said the recent fuel price increases were a preemptive step to safeguard economic activity and ensure the continued availability of energy supplies, as global oil prices have risen sharply.

Speaking during a Cabinet meeting, Madbouly explained that the decision came after a significant jump in global crude prices, noting that the government still bears a substantial portion of the increased costs of petroleum products.

Oil prices climbed above $119 per barrel on March 9, the highest level since mid‑2022, as supply cuts by Saudi Arabia and other producers fueled concerns over major disruptions to global markets. By midday on March 10, prices had retreated to $92. Egypt’s 2025/2026 budget, however, is based on an assumed oil price of about $75 per barrel.

“Maintaining prices at previous levels would have resulted in massive losses for the state, as the government would have had to absorb the full difference,” Madbouly said.

On March 10, the Ministry of Petroleum and Mineral Resources (MoPMR) raised oil prices of a broad range of fuel products -including Diesel- by about 14% to 17%, the first increase this year, following an earlier hike of 10.5% to 12.9% in October.

Madbouly added that while Egypt still has strategic petroleum stocks purchased at earlier prices, future supply contracts are linked to the current global market levels, increasing the overall cost burden.

“We are currently facing exceptional circumstances, and countries around the world are taking similar measures,” Madbouly said, adding that the government would review the decisions once global market conditions stabilize.

Meanwhile, Karim Badawi, Minister of Petroleum and Mineral Resources, said, “We are committed to providing oil products to all sectors of the state.”

He stressed that maintaining stable energy supplies remains a top priority for the government. This would happen through increasing domestic oil and gas production and accelerating exploration activities to reduce reliance on imports and ease pressure on the state budget.

Currently, Egypt imports about 28% of its gasoline needs and around 45% of diesel, according to the minister.

He added that the government has secured long-term supply contracts from multiple international sources, ranging from six months to 18 months, to ensure stable fuel supplies to the local market despite regional challenges affecting global shipping routes.

Badawi also pointed to the sharp rise in energy costs in recent months, noting that Brent crude prices increased by around 30% between February and March, while gasoline prices rose by about 25% and diesel costs surged by 74-80%.

Despite the price increases, the government continues to shoulder significant subsidies. Badawi noted that butane gas cylinders alone still cost the government about EGP 30 billion annually.

Badawi also noted that gas imports through pipelines from neighboring countries represent only limited volumes; however, the gas infrastructure has strengthened the country’s ability to meet domestic demand. He pointed to four floating storage and regasification units (FSRUs) currently operating in Egypt with a combined capacity of 2.75 billion cubic feet per day (bcf/d).

Company Name : Lotus For Agricultural Investments And Development
ISIN Code : EGS07661C019
Reuters Code : LUTS.CA
Content :
The Listing Committee held on 10/03/2026 decided to impose EGP 10000 penalty on the company due to the violation of Article 48 of the Listing Rules.

Company Name : Naeem Holding
ISIN Code : EGS69182C011
Reuters Code : NAHO.CA
Content :
The Listing Committee held on 10/03/2026 decided to impose EGP 10000 penalty on the company due to the violation of Article 48 of the Listing Rules.

Company Name : Egyptian Gulf Bank
ISIN Code : EGS60182C010
Reuters Code : EGBE.CA
Content :
The Listing Committee held on 10/03/2026 decided to impose EGP 50000 penalty on the company due to the violation of Article 32, 34 of the Listing Rules, and Article 44 of the executive regulations.

egyptoil-gas

In light of the rapidly evolving military developments in the region and the subsequent sharp spikes in energy prices and global market fluctuations, the Egyptian government is closely and continuously monitoring the situation through full coordination between the Central Bank, various ministries, and relevant authorities, noted a statement by the cabinet.

The government is securing national energy requirements through daily monitoring of supply schedules and ongoing contracts of petroleum products, in addition to leveraging previously concluded contractual arrangements and price hedging mechanisms that cover a significant portion of imports, to mitigate the impact of global price increases.

Oil prices climbed above $119 per barrel on March 9—the highest level since mid‑2022—as supply cuts by Saudi Arabia and other producers fueled concerns over major disruptions to global markets. By midday on March 10, prices had retreated to $92. Egypt’s 2025/2026 budget, however, is based on an assumed oil price of about $75 per barrel.

Furthermore, the cabinet noted that strategic coordination with international energy partners remains a priority to maintain a steady flow of supplies and accelerate domestic production rates amid the current regional tensions.

Prime Minister Mostafa Madbouly has mandated a daily monitoring mechanism to track global market trends, with a specific focus on energy pricing and international capital flows. This proactive framework is designed to safeguard the national economy, ensure market stability, and guarantee the uninterrupted supply of energy necessary to sustain domestic economic activity.

Additionally, the government and the Central Bank of Egypt (CBE) are coordinating to bolster foreign exchange reserves. Also, the government has affirmed the immediate implementation of expenditure rationalization across all state entities and affiliated agencies. This directive reflects the administration’s commitment to bearing its share of the current phase’s economic burdens. In parallel with broader fiscal measures, the government remains dedicated to ensuring that the social dimension is prioritized, shielding vulnerable segments through targeted policy interventions, noted the statement.

Within this framework, the government has mandated immediate rationalization measures for state entities and energy-intensive industries to curb fuel and electricity consumption. Key initiatives include auditing operations reliant on diesel, fuel oil (mazut), and gasoline, with workflows recalibrated to reduce usage while maintaining essential public services.
Governors are required to conduct daily inspections to enforce electricity-saving protocols. Oversight covers street lighting in public squares and major roads, as well as billboard and commercial signage, ensuring strict compliance with national guidelines. Violations will trigger immediate punitive measures, reinforcing the integrity of the state’s energy-saving mandate.

Despite proactive state measures to absorb a significant portion of escalating energy costs, the sheer magnitude of global market volatility has made it unsustainable for state institutions and financing bodies to bear these surges in full. This fiscal reality necessitated the decision to reprice select petroleum products.

The Ministry of Petroleum and Mineral Resources has on the dawn of March 10, raised prices of a broad range of fuel products -including Diesel- by about 14% to 17%,the first increase this year, following an earlier hike of 10.5% to 12.9% in October.

“In tandem with these adjustments, energy pricing policies will remain governed by a balanced framework that prioritizes the social dimension. The state is committed to absorbing a significant portion of the fiscal gap between actual production costs and domestic retail prices for essential goods and services. By maintaining this structural subsidy, the government aims to minimize the impact of global price volatility on the public and ensure the continued stability of living conditions amid external economic pressures.” the cabinet said.

In conclusion, the government underscores that these measures are temporary, designed specifically to navigate the current extraordinary volatility in global energy markets. The overarching objective remains the stabilization of the domestic market and the mitigation of economic pressures on both the public and industrial sectors

english.ahram

The economic media platform Moniify is preparing to launch its Arabic-language edition in the near future, marking an expansion of its digital presence aimed at reaching young audiences across the Arab world.

The upcoming platform, MONIIFY Arabic, is designed as an economic media outlet that seeks to simplify complex financial and economic developments and present them in a way that is relevant to the everyday decisions of young people.

MONIIFY Arabic will focus on connecting economic news and market developments to their practical impact on the lives of younger generations. Its content will examine how economic shifts influence key personal decisions related to income management, spending habits, savings, investment strategies, and career choices. By presenting economic developments through this practical lens, the platform aims to help young people understand not only what is happening in the economy, but also why it matters to their financial futures.

Beyond simply reporting economic news, the platform aspires to cultivate long-term financial awareness among its audience. Its editorial approach is built around encouraging young people to move from being passive consumers of economic headlines to becoming informed decision-makers, particularly during the early stages of their professional and financial lives. The initiative reflects a broader effort to strengthen financial literacy and economic understanding among younger generations.

To achieve this goal, MONIIFY Arabic plans to deliver content that is both reliable and accessible, presented through multiple media formats. These will include short-form videos, specialized programs, podcasts, and analytical reports designed to explain economic trends and financial issues in clear and engaging ways. This multimedia approach reflects the evolving media consumption habits of younger audiences, particularly Millennials and Generation Z.

The platform’s creators emphasize that the goal is not only to explain economic news, but also to equip young audiences with the tools to interpret financial developments and make informed choices. By linking macroeconomic developments with personal financial decision-making, the platform seeks to build a culture of economic awareness that extends beyond traditional news coverage.

Moniify itself is a digital economic news platform founded by Egyptian businessman Naguib Sawiris. It was established with a focus on producing economic content tailored to Millennials and Generation Z, two generations that increasingly rely on digital platforms and short-form content to follow global and regional developments.

The launch of the Arabic edition represents a strategic step toward expanding the platform’s reach within the Arab media landscape. By addressing the financial concerns and aspirations of young people in the region, MONIIFY Arabic aims to contribute to a more informed generation capable of navigating the economic challenges and opportunities of the modern world.

english.ahram

Egypt’s Prime Minister Mostafa Madbouly said on Tuesday that Cairo has enough foreign currency to meet the country’s needs despite the economic fallout from the ongoing US-Israeli war on Iran.

Speaking at a government press conference, Madbouly said the government was taking exceptional measures to cushion the economy from the conflict's impact, which has disrupted global supply chains and pushed up energy prices.

“Egypt has been keen from the beginning to exert every effort to avoid the war taking place in the region, recognizing its grave repercussions,” Madbouly said.

“We cannot predict the duration of this war,” Madbouly said, warning that the fighting had already caused disturbances in international supply chains, particularly in the energy sector.

Madbouly said authorities were tightening oversight of domestic markets and would act against attempts to hoard goods or manipulate prices. Serious violations could be referred to military prosecution under presidential directives, he said.

The government has been closely monitoring the economic impact of the war, which began on 28 February and has driven volatility in global energy markets and shipping routes across the Middle East.

For Egypt, a major importer of fuel and food, the conflict raises concerns about higher energy costs, supply disruptions, and inflation.

Madbouly said the government was also working to ensure adequate energy reserves for electricity generation, industry, and household consumption.

“We are keen to maintain sufficient energy stocks to meet the requirements of electricity production, the industrial sector, and household consumption,” he said.

The prime minister also announced temporary social support measures for low-income households.

Families benefiting from the ration card system or the Takaful and Karama cash-transfer programme will receive an additional EGP 400 per month for two months until Eid Al-Adha, he said.

Madbouly added that the government would continue its economic reform programme despite the current crisis.

He said the draft state budget for the coming fiscal year would be presented soon to Abdel-Fattah El-Sisi and would include planned wage increases.

Madbouly also reiterated Egypt’s condemnation of attacks targeting Arab states and warned against attempts to draw them deeper into the widening regional conflict.

The government has activated its Central Crisis Management Committee to assess the economic impact of the war and coordinate responses between economic ministries and the central bank.

Officials say Egypt maintains strategic reserves of key commodities and energy supplies as authorities seek to stabilize markets and protect vulnerable households from rising prices.

Company: FERCHEM MISR CO. FOR FERTILLIZERS & CHEMICALS
Symbols: EGS385S1C012
Reuters: FERC.CA
Content :
Release from the company concerning the Board of Directors & the Executive Managers

Release from the Company (1,021 KB)

Company Name: El Nasr Clothes & Textiles (Kabo)
ISIN Code: EGS33061C010
Currency: Egyptian Pound
F/S (Standalone) Period: From 01/07/2025 to 31/12/2025
Net profit: 56,452,747
F/S (Standalone) Period: From 01/07/2024 to 31/12/2024
Net Comparative profit: 11,887,681
Audit Status: Reviewed
Source: El Nasr Clothes & Textiles (Kabo)

Company Name: El Nasr Clothes & Textiles (Kabo)
ISIN Code: EGS33061C010
Currency: Egyptian Pound
F/S (Standalone) Period: From 01/07/2025 to 31/12/2025
Net profit: 56,452,747
F/S (Standalone) Period: From 01/07/2024 to 31/12/2024
Net Comparative profit: 11,887,681
Audit Status: Reviewed
Source: El Nasr Clothes & Textiles (Kabo)
The Standalone Financial Statements (1,954 KB)

Company Name: El Nasr Clothes & Textiles (Kabo)
ISIN Code: EGS33061C010
Currency: Egyptian Pound
F/S (Standalone) Period: From 01/07/2025 to 30/09/2025
Net profit: 8,236,953
F/S (Standalone) Period: From 01/07/2024 to 30/09/2024
Net Comparative loss: 7,860,391
Audit Status: Reviewed
Source: El Nasr Clothes & Textiles (Kabo)

Company Name: El Nasr Clothes & Textiles (Kabo)
ISIN Code: EGS33061C010
Currency: Egyptian Pound
F/S (Standalone) Period: From 01/07/2025 to 30/09/2025
Net profit: 8,236,953
F/S (Standalone) Period: From 01/07/2024 to 30/09/2024
Net Comparative loss: 7,860,391
Audit Status: Reviewed
Source: El Nasr Clothes & Textiles (Kabo)
The Standalone Financial Statements (1,896 KB)

english.ahram

The International Air Transport Association's (IATA) 2025 annual safety report revealed that the global aviation industry continues to maintain high safety levels despite increasing challenges, with a noticeable improvement in performance indicators compared to the previous year.

The report indicated that the overall accident rate reached 1.32 accidents per million flights in 2025, equivalent to one accident per 759,000 flights, compared to 1.42 accidents per million flights in 2024.

The total number of flights worldwide reached approximately 38.7 million in 2025, compared to 37.9 million in 2024. Fifty-one accidents were recorded in 2025, compared to 54 in the previous year, while the average number of accidents over the past five years is approximately 44 annually. Eight fatal accidents were recorded in 2025, compared to seven in 2024.

The report warned of the increasing risks associated with areas of armed conflict, which are increasingly impacting civil aviation operations due to airspace closures or flight diversions, in addition to escalating military activity near civil aviation routes.

IATA stressed the importance of coordination between civil and military authorities to ensure the safety of civil aviation, especially during crises, and the necessity of rapidly closing airspace when flight safety is compromised. The report also noted the increasing phenomenon of jamming of Global Navigation Satellite Systems (GNSS), which modern aircraft rely on for air navigation. Reported jamming incidents rose by 67 percent in 2025 compared to 2023.

Willy Walsh, Director General of the International Air Transport Association (IATA), affirmed that aviation remains the safest mode of transportation globally, pointing out that accidents remain extremely rare and that each incident provides further impetus to strengthen safety standards and data-driven international cooperation.

He explained that the fatality rate has improved significantly over the past decade, from one fatal accident per 3.5 million flights between 2012 and 2016 to one accident per 5.6 million flights between 2021 and 2025. At the regional level, the report revealed a clear disparity in accident rates. Africa recorded the highest accident rate globally, despite improved performance compared to the previous year, while Asia Pacific, Europe, and Latin America saw improvements in safety indicators.

The Middle East and North Africa region recorded only one accident in 2025, resulting in an improved accident rate of 0.53 accidents per million flights, better than the average of the previous five years. The region has also maintained a zero fatality rate since 2019.

The report indicated that airport infrastructure plays a significant role in accident outcomes, with approximately 16 percent of accidents linked to airport-related factors. This underscores the need for strict adherence to international standards regarding runway safety zones and the removal of hazardous obstacles near aircraft taxiways.

The report also highlighted the importance of international safety audit programs. Airlines participating in the IOSA program recorded significantly lower accident rates than non-participating airlines, reflecting the role of regular audits in fostering a culture of safety.

IATA stressed the importance of publishing accident investigation reports quickly, comprehensively, and transparently as a key source for improving global aviation safety, noting that only 63 percent of accident reports between 2019 and 2023 were issued within the timeframe stipulated by the Chicago Convention.

IATA affirmed that the ultimate goal of the global aviation industry is to achieve zero accidents and zero fatalities by developing safety standards and enhancing information sharing and international cooperation among all stakeholders in the global air transport system.