Kindly be informed that Ms. Marwa Abbas has been appointed Chief Executive Officer of Raya Information Technology, a fully owned portfolio company of Raya Holding for Financial Investments, effective 1 July 2026.
Ms. Marwa Abbas brings over 30 years of professional experience in the information technology sector. Throughout her career, she held several senior leadership positions at IBM across Egypt, the Middle East, and Africa, most recently serving as General Manager and Technology Leader for IBM Egypt and North East Africa.
This appointment comes as part of the Raya Group's strategy to support its growth plans and further strengthen Raya Information Technology's regional expansion, while reinforcing its position in the technology and digital transformation sectors.
Mr. Hisham Abdel Rasoul will continue to support Raya Information Technology during a transition period extending
through the end of December 2026.

Trading Economics-


The FTSE 100 rose slightly on Tuesday, securing its sixth consecutive quarterly gain with an over 3% rise in Q2 following a 2.5% climb in Q1, marking the index's strongest performance streak since 2022. Market momentum was led by a rally in aerospace and defense shares, with Rolls-Royce climbing 2.1% and BAE Systems adding 2%. Heightened geopolitical optimism and improving base metal values similarly lifted mining stocks like Rio Tinto and Glencore. Financial institutions provided solid support as Lloyds Banking jumped 2.1% alongside steady gains for HSBC, Barclays, and NatWest, while J Sainsbury rose 1.3% on heatwave driven food sales. Conversely, heavyweights AstraZeneca, Unilever, and BP all dropped over 1%, and British American Tobacco fell 0.9%. On the macroeconomic front, the UK’s annualized first quarter GDP growth was scaled back to 0.9%, while quarterly growth matched projections at 0.6% and shop inflation held flat at 1.2%.

Trading Economics-


European stock indices closed at record highs on Tuesday after evidence of softer inflation supported an outlook of lower interest rates for the corporate sector. The Euro STOXX 50 gained 1.5% to 6,326 and the STOXX 50 added 0.9% to 642, both at record-high closes. Preliminary inflation prints were lower than expected in Germany, France, and Italy in June to build expectations that the inflationary surge from the war in the Middle East has topped. Rate traders piled on positions that reflected no more rate hikes by the ECB this year, lowering sovereign yields and supporting the outlook for credit activity. UniCredit, BNP Paribas, and ING jumped close to 2%. Meanwhile, Siemens and Siemens Energy surged 4.4% and 5.4%, respectively, on improved data center outlooks submitted by brokers. On top of that, the rally for global chip producers was extended, lifting ASML by 7%. Outside the STOXX 50, Abivax surged 40% on optimistic signs in its obefazimod drug study.

Trading Economics-


US stock indexes closed higher on Tuesday, supported by strength in the technology sector and easing inflation risks. The S&P 500 gained 0.8%, while the Nasdaq 100 rose 1.7%, and the Dow Jones added 136 points to close at a record high of 52,319. Chipmakers extended their rebound as investors looked past recent concerns over stretched AI-related valuations, encouraged by strong guidance from semiconductor producers despite elevated hyperscaler spending. Nvidia gained 2.6%, AMD rose 7.7%, and Intel advanced 6%. Meanwhile, oil prices remained near pre-conflict levels, easing concerns that the Federal Reserve could be forced into a hiking cycle. The softer inflation backdrop also supported traditional sectors, helping the Dow outperform broader benchmarks in June. Considering Q2, the S&P rose more than 14% and the Nasdaq surged about 20%, their strongest quarterly performances since Q2 2020. The Dow gained more than 12%, its best quarterly performance since Q4 2022.

Trading Economics-


The S&P/TSX Composite Index inched up 0.1% to close at 34,857 on Tuesday as investors assessed GDP data and developments in the Middle East. Canada’s economy rebounded more than expected in April after a mild contraction in March, while an advance estimate pointed to a further 0.1% monthly expansion in May, signaling that growth may be stabilizing. The data improved the outlook for corporate earnings and eased concerns over a deeper tariff-driven slowdown. Meanwhile, Oil prices remained below recent highs, helping ease inflation concerns. Financial stocks advanced, with RBC up 1% and TD Bank gaining 0.8%. Mining stocks were mixed as gold prices fluctuated, with Agnico Eagle Mines rising 0.9% and Barrick slipping 0.6%. In tech, Celestica jumped 6.1%, tracking Wall Street’s rally.

Trading Economics-


The Ibovespa fell 0.7% to close at 172,024 on Tuesday as investors reduced risk at the end of the first half and assessed weaker fiscal and labor market data. Gross public debt rose above forecasts in May, while primary deficit was wider-than-expected. Gross debt reached 81.1% of GDP, above market expectations of 80.7%, the primary deficit totaled R$56.1 billion, exceeding forecasts of a R$53.5 billion shortfall. The deterioration in fiscal accounts reinforced concerns over higher borrowing costs and persistent pressure on interest rates. Meanwhile, formal job creation also missed expectations, with around 73,000 new positions created in May, below forecasts of 115,000. Losses were broad-based across the index. In the banking sector, Banco do Brasil fell 1.7% and Itaú lost 0.5%. Utilities also traded mostly lower, with Axia down 1.3%. Petrobras dropped 0.9% as oil prices tumbled to their lowest levels since 2020, while Braskem shed 4.3% after being downgraded by JPMorgan and Citi.

Trading Economics-


The RatingDog China Manufacturing PMI inched down to a three-month low of 51.7 in June 2026 from 51.8 in May, but above forecasts of 51.6. It also remained above the long-run survey trend of 50.8 since 2004, and caps off the strongest quarter since late 2020. Output grew solidly, while new orders rose for the thirteenth straight month, matching the joint-longest expansion sequence since 2018. However, foreign sales fell for the second straight month. Meanwhile, employment climbed for the first time in three months, with job creation reaching its strongest level since August 2023. Delivery times lengthened only marginally, marking the weakest deterioration in the current four-month sequence. On prices, input price inflation eased from April's four-year high to its weakest level since January. Meanwhile, output price inflation edged up, extending its increase to a sixth consecutive month, the longest such sequence since 2021. Finally, sentiment weakened to a five-month low.

Trading Economics-


The benchmark KOSPI slipped 2.04% to close at 8,303 on Wednesday, reversing gains from the previous session, as persistent foreign selling continued to weigh on sentiment. The sell-off came as the Korean won remained near a 17-year low against the US dollar and overseas investors continued to reduce exposure to local equities. Chipmakers and other large-cap technology names came under pressure after an extended AI-driven rally, with investors locking in gains following another strong quarter for global semiconductor stocks. Losses were also recorded in Samsung Electronics (-4.87%), SK Hynix (-2.75%), LG Energy Solution (-3.87%), Hyundai Motor (-1.97%), and SK Inc. (-8.87%). Meanwhile, South Korea’s exports surpassed $100 billion for the first time in June, driven by a near tripling in semiconductor shipments and strong AI-related demand for memory chips and server equipment, helping limit the market's losses.

Trading Economics-


The Shanghai Composite rose 0.44% to close at 4,112 on Wednesday, while the Shenzhen Component slipped 0.53% to 16,119, as concerns over uneven economic growth weighed on market sentiment. Goldman Sachs said discussions with Chinese investors revealed increasing caution over the country's near-term growth outlook, citing a more uneven recovery marked by weak consumer confidence, labor market pressures, and the ongoing property downturn. Meanwhile, President Xi Jinping pledged to steadily promote "high-quality development," emphasizing sustainable, innovation-driven growth. On the economic front, a private survey showed China's Manufacturing PMI eased to a three-month low of 51.7 in June from 51.8 in May. Notable gainers included China Merchants Bank (1.15%), China Life Insurance (9.7%), and Ping An Insurance (3.75%). In contrast, Sungrow Power Supply slumped 13.9% amid reports that US regulators are preparing restrictions on its imports over perceived national security concerns.

Trading Economics-


The NZX 50 fell 11 points, or 0.1%, to close at 13,611 on Wednesday, erasing gains from the previous session, mainly weighed down by losses in consumer staples, materials, utilities, and healthcare. The broader index retreated from its highest level since February 27, reached a day earlier, tracking a decline in US stock futures. Traders awaited the release of New Zealand's consumer data for May, due later this week. However, gains in consumer discretionary, industrial, and technology stocks helped limit the decline. Easing oil prices also capped the losses as inflation concerns subsided, reducing expectations of an interest rate hike. Tuesday's data also helped limit the losses, as New Zealand's business confidence surged to its highest level since February. Among the biggest laggards were ANZ Group (-3.3%), Meridian Energy (-2.1%), Westpac Banking Corp. (-2.4%), Fletcher Building (-3.2%), A2 Milk (-1.9%), Chorus (-1.3%), and Fisher & Paykel Healthcare (-1.2%).

Trading Economics-


Australia's ASX 200 dipped 56 points or 0.6% to finish at 8,723 on Wednesday, the first day of the new financial year. Markets extended declines from the day before amid a sharp drop in U.S. stock futures following strong gains on Wall Street during H1 of 2026, supported by a continued surge in chip stocks. Caution lingered ahead of May trade data, due Thursday, after April exports outpaced imports to deliver a modest surplus. Meanwhile, building permits dropped for a third month in May, marking the fourth contraction this year. In its June meeting minutes, the central bank signalled further tightening remains possible after three hikes since January, citing rising Q2 cost pressures. Most sectors fell, led by commercial services, financials, logistics, and consumer names. The big four banks lost 1.5%–2.5%, while Greatland Resources (-4.7%), Coles Group (-4.2%), and Xero (-2.8%) slipped. In contrast, South32 surged 9.7% after agreeing to sell most of its aluminium assets to Alcoa.

Trading Economics-


India’s BSE Sensex closed about 0.6% firmer at 76,923 on Wednesday, snapping a two-session losing streak, led by gains in autos. Meanwhile, investors tracked developments in the Middle East and domestic data, while awaiting Fed Chair remarks later in the day. Final data showed India's manufacturing sector continued to expand in June, but the pace of growth slowed to its second-weakest level since mid-2022. Maruti and Mahindra & Mahindra were among the top performers, rising 2.1% and 1.9%, respectively, after reporting solid sales numbers. Financials and fast-moving consumer goods also advanced firmly, outweighing weakness in tech and metal stocks. Eternal, Asian Paints, Hindustan Unilever, Adani Ports, and State Bank of India saw gains between 2% and 5.7%. Conversely, HCL Tech (-3.5%), Tech Mahindra (-3.1%), Tata Consultancy Services (-2.6%), Tata Steel (-1.6%) and Infosys (-1.5%) posted the biggest losses.

Trading Economics-


US equity indices trimmed their sharp gains from this week as markets continued to gauge risks of a Fed rate hike this year and how much room is left in the AI trade. The S&P 500 dropped 0.6%, the Nasdaq fell 1.5%, and the Dow decreased 250 points from its record high. Chip producers dropped after leading the rally for global stock markets, reigniting the AI trade despite lingering warnings that the sector is overleveraged. Micron and Sandisk sank 8%, while Nvidia lost 3%. Hyperscalers making up the Magnificent 7 extended their rebound after sharply underperforming AI infrastructure companies since mid-May, with Microsoft, Amazon, and Alphabet trading higher. Also, Meta soared 8% after announcing plans to develop a cloud infrastructure business with access to AI computing power and models. On the earnings front, Nike was 3% down as it flagged a cautious outlook due to consumer anxiety.

(BNA)-


Bahrain All Share Index closed at 2,040.01 points, marking a decrease of 2.55 points below the previous closing.

This decrease was due to the drop in the communications services and materials sectors.

Bahrain Islamic Index closed at 965.72 points, marking a decrease of 2.05 points below the previous closing.

Results indicated that 81 equity transactions took place with a volume of 813,025 shares worth BHD 308,744.

Investors traded mainly in the materials sector, representing 47.62% of the total value of securities traded.

SPA-

The Kuwait Stock Exchange closed trading today with its general index down 1.81 points, or 0.02%, to reach 8704.52 points. Trading volume reached 281.4 million shares across 21,708 cash transactions, with a total value of 81.2 million Kuwaiti dinars (approximately US$249.2 million).

The main market index fell 88.11 points, or 0.97%, to 8973.29 points, with 157.5 million shares traded across 11,581 cash transactions, valued at 34.8 million dinars.

The premier market index rose 16.44 points, or 0.18%, to 9099.22 points, with 123.9 million shares traded across 10,127 transactions, valued at 46.3 million dinars. The (Main 50) index rose by 10,036 points, a percentage of 1.02%, to reach a level of 9,920.73 points, through the trading of 132.2 million shares through 9,131 cash transactions worth 30.4 million dinars.

SPA-

The Egyptian Exchange continued its upward trend at the close of trading today, with the market capitalization of listed companies rising by approximately EGP 35 billion to reach EGP 3.714 trillion. Total trading volume reached approximately EGP 98.9 billion, with individual stock market transactions amounting to around EGP 7.4 billion.

The main index, EGX 30, rose by 0.09% to reach 50,532.7 points. The EGX 70 index for small and medium-sized enterprises increased by 1.15% to reach 15,680.9 points, while the broader EGX 100 index climbed by approximately 0.89% to reach 21,330.57 points.

The Saudi Stock Exchange's main index closed today up 56.98 points, reaching 10,856.90 points, with trading valued at 5 billion riyals.

According to the Saudi Press Agency's daily economic bulletin for the Saudi Stock Exchange, 294 million shares were traded. Shares of 176 companies rose in value, while shares of 83 companies declined.

The top gainers were Canadian Medical Center, Amana Insurance, Ban, Thimar, and Saudi Electric Industries. The biggest losers were Naseej, Saudi Refineries, Saudi Cable, Eastern Development, and Wafrah. The percentage changes ranged between 10% and 7.72%. Americana, Darb Saudi, Ban, Saudi Electric Industries, and Exports were the most actively traded stocks by volume, while Rasen, Al-Asmak, Al Rajhi, Saudi Aramco, and Saudi Electric Industries were the most actively traded by value.

The Saudi parallel stock index (Nomu) closed today down by (138.70) points, to reach a level of (22912.40) points, with trading valued at (14) million riyals, and the volume of traded shares amounted to more than (3.8) million shares.

(ONA)–


The official price of Omani crude oil for delivery in September 2026 settled at USD 67.07 per barrel today.

Today's price recorded a drop of USD 1.97.

It is noteworthy that the monthly average price of Omani crude oil for delivery in the current month of July stood at USD 102 per barrel, marking a decrease of USD 2.73 compared to the delivery price for last June.

(ONA)-


The Financial Services Authority (FSA) announced the approval of the share allocation percentages for the initial public offering (IPO) of Oman India Fertiliser Company (OMIFCO) after reviewing the subscription results.

The results revealed that the volume of collected amounts exceeded the offered value by 18 times for the retail category and 27.4 times for the institutional category, with the total demand value reaching RO 4.69 billion.

The Authority was keen on studying all available options to determine the appropriate allocation mechanism in accordance with the methodology specified in the prospectus. This approach relied on a policy that accommodates all subscribing categories to the greatest extent possible and allocates appropriate shares to the largest number of shareholders, thereby achieving the desired balance while simultaneously contributing to expanding the participation base in public offerings.

Consequently, the Authority approved the allocation results for the small retail investors category (Category II) by establishing a minimum limit of 6,500 shares, in addition to allocating approximately 5.618 percent of the remaining shares. The volume of demand in this category reached 737,943,400 shares, while the collected amounts reached approximately RO 115.12 million, representing a coverage ratio of about 2.206 times.

Meanwhile, the approved allocation results for the large retail investors category (Category II) reached approximately 17.818 percent on a pro-rata basis for each subscriber. Share requests for this category amounted to 1,877,108,000 shares, while the collected amounts stood at approximately RO 292.83 million, reflecting a coverage ratio of about 5.612 times.

Regarding the local institutions category (Category I), the allocation results approved a rate of 2.6806 percent on a pro-rata basis for each subscriber. As for the foreign institutions category (Category I), the Authority approved the allocation according to the mechanism specified in the prospectus after setting the offer price at 156 baisas for both local and foreign institutions through the book-building process.

The subscription results indicated that institutions registered investment requests amounting to 27,461,059,143 shares, while the actual amounts collected from this category reached RO 4.284 billion, representing a coverage ratio of 27.4 times.

It is noteworthy that the Financial Services Authority approved the prospectus for OMIFCO's public offering on 11 June 2026. The offering included 1,672,343,750 shares, representing 25 percent of the company's total capital, with a total value of RO 260,885,625. The subscription period for all categories began on 16 June 2026, and continued until 25 June 2026.

The remaining stages are scheduled to be completed according to the timeline specified in the prospectus. The refund of excess funds is set to begin on 2 July, while the process of listing the company's shares on the Muscat Stock Exchange will commence on 8 July.

(ONA)-


The Youth Center—affiliated to the Ministry of Culture, Sports and Youth—and Oman Oil Marketing Company today signed a cooperation agreement to implement the 4th edition of Tmakon self-employment programme.

The agreement was signed by Basil Ahmed Al Rawas, Undersecretary of the Ministry of Culture, Sports and Youth for Sports and Youth—in his capacity as Chairman of the Board of Directors of the Youth Center, and Hussein bin Hassan Bait Is’haq, Retail General Manager at Oman Oil Marketing Company.

The 4th edition of Tmakon programme, scheduled to be implemented from September to December 2026, targets 100 Omani young men and women who operate as independent freelancers in the field of innovative industries.

Alia Al Shanfari, Executive Director of the Youth Center, said that the signing of the agreement was in pursuance of the Youth Center's approach to build strategic partnerships with establishments of the public and private sectors.

She added that the Youth Center offers quality programmes designed to enable Omani young men and women to acquire professional and entrepreneurial skills that qualify them to actively engage in the labour market and convert their talents into sustainable economic projects.

For his part, Basil Al Rawas said that the 4th edition of Tmakon builds on the positive impact achieved by the previous editions of the programme. He added that the programme helps establish strategic partnerships and makes a real difference in the lives of young people.

(ONA)–


The Ministry of Energy and Minerals has launched an initiative to develop integrated digital solutions for supply chains in the energy sector, a strategic move aimed at enhancing expenditure efficiency and improving procurement and contract management in one of the Sultanate of Oman's largest economic sectors, where average annual spending on supply contracts exceeds RO 4 billion.

The initiative was launched during the inaugural meeting chaired by Mohsen Hamad Al Hadrami, Undersecretary of the Ministry of Energy and Minerals. Petroleum Development Oman (PDO) has been entrusted with leading the project as a precursor to its future expansion to include energy companies and integration with relevant government entity systems.

The initiative comes at a time when the energy sector's supply ecosystem manages a network comprising over 6,000 supplier and contracting companies, alongside the issuance of more than 600 tenders annually across various specializations. This makes digital transformation in supply chain management a critical factor in enhancing operational efficiency and improving transparency and governance standards.

The new digital ecosystem aims to provide comprehensive visibility into supply chain movements within the sector, strengthen data analytics and risk management capabilities, and support data-driven decision-making. It also leverages artificial intelligence technologies to convert operational data into actionable indicators and insights that assist stakeholders in improving performance and streamlining procedures.

Furthermore, the initiative includes the development of digital tools to measure and track the contribution of local content in projects and contracts, enabling more precise assessment of Omani companies' participation in sector-related economic activities and expanding opportunities for local suppliers and contractors within the supply ecosystem.

The Ministry aspires to develop a digital marketplace for sector-related products and services, enabling supplier companies to showcase their capabilities and offerings within a more transparent and competitive environment, thereby supporting business growth and enhancing the participation of national enterprises in investment and operational opportunities. The project is expected to contribute to the development of national capabilities in technical fields related to supply chains through the engagement of Omani companies in developing technical components and digital solutions, alongside the localization of data analytics, change management, training and operational support services.

The initiative aligns with the objectives of Oman Vision 2040 concerning the enhancement of national economic competitiveness, the improvement of the business environment, the promotion of local content and the expansion of digital technologies' contribution to the development of vital economic sectors.

Participants in the meeting affirmed that project implementation will proceed through phased stages focused on delivering sustainable value to the energy and minerals sector and the national economy. Further details will be announced as implementation progresses.

The meeting was attended by Dr. Aflah Said Al Hadrami, Managing Director of Petroleum Development Oman, Eng. Moosa Badr Al Shariani, Director of the Integrated Supply Chain at Petroleum Development Oman and a number of officials.

(ONA)-


The Ministry of Transport, Communications and Information Technology today signed a memorandum of cooperation (MoC) with Oman Aviation Academy to expand cooperation in the investigation of aviation incidents and accidents.

The MoC aims to establish a sustainable institutional partnership between the two sides, develop national competencies, enhance technical readiness, support rapid response and realize the highest levels of aviation safety in the Sultanate of Oman.

The MoC was signed by Eng. Khamis bin Mohammed Al Shammakhi, Undersecretary of the Ministry of Transport, Communications and Information Technology for Transport, and Dr. Abdullah bin Mohammed Al Abri, Chairman of the Board of Directors of Oman Aviation Academy.

Areas of cooperation include the exchange of technical expertise, the implementation of specialized training programmes and the grooming of national personnel through emergency exercises and related events in a manner that enhances the readiness of investigation teams and improves the efficiency of institutional performance.

The MoC embodies a keenness to unify efforts and enhance the position of the Sultanate of Oman in applying the best international practices in the field of aviation safety.

Company Name: Heibco for commercial investments and real estate development
ISIN Code: EGS23OD1C015
Stock Symbol (ticker): HBCO.CA
Dividend: 0.8 Share for each Underlying Share
Listing Date: 01/07/2026
Dividend (Due) Date: 15/07/2026
Ex-Dividend Date: 16/07/2026
Distribution Date: 16/07/2026

Daily News-


Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, called for jointly financed Arab water and climate projects to strengthen regional water security, while holding talks with Saudi officials to expand bilateral cooperation in water management.

According to a ministry statement, Sewilam made the remarks during a high-level ministerial session at the Seventh Arab Water Forum, held as part of the inaugural Saudi Water Week in Jeddah.

Addressing ministers, senior officials, and representatives of regional and international organisations, Sewilam said the scale of water challenges facing the Arab region requires moving beyond policy coordination towards implementing practical, bankable regional initiatives.

He highlighted Egypt’s experience in managing water scarcity through its second-generation Water 2.0 programme, which focuses on maximising water-use efficiency, expanding non-conventional water resources, increasing wastewater treatment and reuse, and deploying digital technologies, satellite imagery, early warning systems, and drones to support water management.

Sewilam also highlighted Egypt’s major water reuse projects, including the Bahr El-Baqar, El-Mahsama, and New Delta treatment plants.

The minister proposed developing a regional pipeline of bankable water and climate projects covering desalination for agriculture, water reuse, digital transformation, early warning systems, capacity building, and climate adaptation, while making greater use of climate finance mechanisms and regional and international development funds.

He said achieving Arab water security requires sharing successful national experiences, strengthening existing regional cooperation frameworks, and mobilising financing to translate priorities into implementable projects.

On the sidelines of the event, Sewilam met Saudi Minister of Environment, Water and Agriculture Abdulrahman Al-Fadley to discuss expanding bilateral cooperation.

The ministers reviewed progress in implementing a 2022 memorandum of understanding covering flood risk management, dam construction and maintenance, modern irrigation technologies, sustainable water management, and climate adaptation.

Sewilam said both sides have already begun exchanging technical visits, including Saudi delegations touring Egypt’s Bahr El-Baqar and New Delta water treatment projects, while Egyptian experts visited Saudi Arabia’s Shuaibah desalination plant.

The two ministers also discussed coordination ahead of the 11th World Water Forum, to be hosted by Riyadh in 2027, preparations for the 2026 United Nations Water Conference, and future cooperation in agricultural desalination, digital water management, smart water systems, and groundwater recharge technologies.

Sewilam concluded by inviting his Saudi counterpart to participate in the Ninth Cairo Water Week, which Egypt will host alongside meetings of the Arab Ministerial Water Council and the Arab Water Conference.

Daily News-


Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Esmat, witnessed the signing of a cooperation protocol between the Egyptian Electricity Holding Company (EEHC) and e& to replace conventional electricity meters at the telecom operator’s sites across the country with advanced smart meters.

The protocol was signed by Gaber El-Desouky, Chairperson of the Egyptian Electricity Holding Company, and Hossam Abdel Aziz El-Maadawy, Chief Enterprise Officer at e&, during a ceremony held at the ministry’s headquarters in the New Administrative Capital.

The agreement aims to enhance the efficiency of electricity metering, improve the accuracy of consumption measurement, and expand the deployment of modern technologies in energy management.

It also reflects ongoing cooperation between the electricity sector and other industries to accelerate the rollout of smart metering systems.

Under the protocol, the newly installed smart meters will be integrated with the Egyptian Electricity Holding Company’s central systems, including the Meter Data Management (MDM) and Unified Head-End System (UHES) platforms.

The integration will ensure highly accurate and reliable data collection while enabling advanced consumption analysis, fault detection, and improved operational efficiency.

The agreement also provides for consolidated electricity billing covering all e& Egypt sites nationwide, simplifying billing procedures and strengthening financial and operational oversight.

Meter reading, billing, and collection processes will be managed through the company’s centralised digital platforms, supported by continuous technical assistance.

Speaking at the signing ceremony, Esmat said modernising Egypt’s electricity system is an ongoing process aimed at improving operational performance and enhancing the quality of services provided to consumers.

He noted that the ministry is implementing a comprehensive plan to transform the conventional electricity grid into a smart grid capable of accommodating the country’s rapidly expanding renewable energy generation capacity while ensuring more efficient power transmission.

He emphasised that adopting advanced technologies is a key pillar of the government’s digital transformation agenda, adding that expanding the use of smart meters remains one of the ministry’s top priorities to improve service quality and promote more efficient energy consumption.

Esmat described the protocol as a successful model of integration between the electricity and telecommunications sectors, stressing that it paves the way for further strategic partnerships that will contribute to developing Egypt’s energy system, improving operational efficiency, and supporting the country’s sustainable development goals.

Daily News-


Raafat Hindi, Egypt’s Minister of Communications and Information Technology, received Paula Ingabire, Rwanda’s Minister of ICT and Innovation, to discuss ways of strengthening cooperation between the two countries in the fields of digital transformation, artificial intelligence (AI) and digital capacity building, in the presence of Dan Munyuza, Rwanda’s Ambassador to Egypt.

The meeting explored cooperation on developing a shared African vision for artificial intelligence that is responsible, inclusive and development-focused, alongside the implementation of pilot projects based on AI technologies in a number of priority sectors, including healthcare, agriculture, local languages and government services, with the aim of delivering tangible and measurable outcomes.

The two sides also discussed establishing frameworks for cooperation between government entities, universities, research institutions and innovation centres in both countries, including the Egypt University of Informatics, the Applied Innovation Centre and the Information Technology Institute (ITI), as well as strengthening cooperation and the exchange of expertise in digital government.

The two ministries also agreed to sign a memorandum of understanding in the coming period to enhance bilateral cooperation in the fields of communications and information technology.

During the meeting, Hindi reaffirmed Egypt’s commitment to strengthening cooperation with African countries in the field of artificial intelligence and making the most of the opportunities offered by these technologies to support digital transformation efforts across the continent.

He highlighted Egypt’s efforts to advance African cooperation on AI through its participation in the African Union’s AI Working Group, as well as its contributions to the working groups of the AI Council under the Smart Africa Alliance.

Hindi expressed his aspiration to deepen cooperation with Rwanda in communications and information technology, particularly in artificial intelligence, and to work jointly to expand its applications in support of development efforts across the African continent.

He noted that Egypt has made significant progress in this field through the implementation of its National Artificial Intelligence Strategy, which is based on an integrated set of pillars aimed at expanding the use of AI applications across different sectors while developing specialised human capital.

For her part, Paula Ingabire affirmed her country’s commitment to strengthening cooperation with Egypt in communications and information technology in light of the close ties between the two countries. She highlighted the importance of focusing on joint cooperation in the fields of artificial intelligence, digital transformation and digital skills development.

The meeting also discussed ways to strengthen coordination in regional and international forums concerned with AI governance, with the aim of shaping common African positions on related issues.

Participants also reviewed the role of the Applied Innovation Centre in developing and deploying innovative AI-based solutions to serve society, in addition to the Ministry of Communications and Information Technology’s programmes and initiatives in digital capacity building, technological innovation and support for freelancers.

The meeting also highlighted the efforts of the Information Technology Institute in training and qualifying professionals and developing digital skills, particularly in the field of artificial intelligence.

Daily News-


Arab African Advisers has completed the Clusters Regulatory Framework Support project in Egypt, a key pillar of the EU-funded EuroMed Clusters Forward programme.

The initiative, implemented by ANIMA Investment Network in partnership with Berytech, spans seven Southern Mediterranean countries–Egypt, Palestine, Jordan, Lebanon, Tunisia, Morocco, and Algeria–and is backed by €7m in EU funding. Its overarching goal is to foster innovation, competitiveness, sustainable growth, and job creation by strengthening economic clusters across the region.

Over a 12-month period beginning in June 2025, Arab African Advisers focused on three main pillars:

Establishing an institutional framework to lead Egypt’s cluster development agenda.
Reviewing regulatory frameworks and proposing incentives to encourage collaboration among cluster members.
Raising awareness of the role of clusters in driving competitiveness and economic growth.
The project included a comprehensive assessment of Egypt’s cluster ecosystem, benchmarking against international best practices, and consultations with government agencies, private sector representatives, and development partners.

Findings revealed that Egypt has a strong foundation for cluster-based development. A 2024 UNIDO survey identified 163 clusters nationwide, ranging from naturally developed clusters rooted in traditional industries and local resources, to government-supported clusters in industrial and investment zones. Notable examples include the Damietta Furniture Cluster, Robbiki Leather City, and the Shaq El-Thoaban Marble Cluster—all of which have contributed to exports and job creation. However, the study emphasized the need for stronger governance structures and collective incentives to ensure long-term competitiveness and sustainability.

Challenges identified include the absence of a unified institutional body for cluster development, lack of a clear legal definition of clusters in business legislation, limited specialized cluster management organizations, weak linkages with universities and research centers, and the need for a national monitoring system to evaluate cluster performance.

Drawing on international experiences, the project reviewed successful cluster models from Germany, Singapore, and India, offering insights into how Egypt can strengthen its ecosystem and unlock the full potential of its economic clusters.

Daily News-


The Arab Organization for Industrialization (AOI) announced that its subsidiary, the Arab African Medical Industries Company, has obtained the internationally recognized ISO 13485:2016 certification for medical device quality management systems, marking a significant milestone in Egypt’s efforts to localize advanced medical manufacturing and expand exports under the “Made in Egypt” brand.

The certification, awarded by global certification body TـV NORD Hellas, covers the design, development, production, marketing, distribution, and contract manufacturing of sterile and non-sterile orthopedic surgical products, including bone plates, screws, artificial knee joints, and surgical instruments.

The certificate was presented during a ceremony attended by Mokhtar Abdel Latif, AOI Chairperson; Tarsi Gianoli, Vice President of TـV NORD Hellas; and Rajeev Anand, Chief Executive Officer of DMG MORI.

The announcement comes as AOI prepares to inaugurate one of its newest medical manufacturing companies, reflecting its strategy to expand production capacity, strengthen technological capabilities, and enhance its role as a national industrial institution supporting Egypt’s economic development.

Speaking at the event, Abdel Latif said the certification represents more than a quality achievement, describing it as an extension of AOI’s long-term strategy to embed international quality standards, improve competitiveness, and build an integrated manufacturing ecosystem focused on operational excellence and sustainability.

He said the international certification confirms the company’s ability to manufacture according to global standards while increasing productivity and supplying high-quality medical products at competitive prices to the Ministry of Health and healthcare institutions.

He added that the company also aims to expand its exports and international customer base through a range of locally manufactured products, including orthopedic implants, artificial joints, auto-disable safety syringes, and active pharmaceutical ingredients.

According to Abdel Latif, the project supports President Abdel Fattah El-Sisi’s directives to localize advanced technologies and deepen domestic manufacturing in the medical industries sector as part of Egypt Vision 2030.

He also thanked the Ministry of Health, the Egyptian Authority for Unified Procurement, Medical Supply and Technology Management (UPA), the Egyptian Drug Authority (EDA), TـV NORD Hellas, and DMG MORI for their technical and institutional support in establishing the advanced manufacturing facility and training Egyptian engineers and technicians in line with Industry 4.0 standards.

Tarsi Gianoli said the ISO 13485:2016 certification provides the company with a strong competitive advantage, enabling it to expand exports of Egyptian-made medical devices and supplies across Arab and African markets.

Rajeev Anand praised AOI’s partnership with DMG MORI, describing the organization as a strategic partner in developing industrial capabilities across Egypt and the wider Arab and African regions.

He highlighted the importance of industrial digitalization, automated manufacturing technologies, and smart production systems in increasing productivity, reducing waste, lowering production costs, and enhancing the global competitiveness of Egyptian industrial products.

Daily News-


Ahmed Kouchouk, Minister of Finance, announced that the government has completed the preparation of all standard procurement documents, including model contracts, tender documents and technical specifications, which will become mandatory for use in all contracts concluded by public entities. The minister said that the new standardised procurement framework gives priority to Egyptian-made industrial products as well as small and medium-sized enterprises (SMEs).

He added that standardising government tender documents will improve the efficiency of public spending, strengthen competition and ensure equal opportunities, describing the initiative as one of the key pillars of reforming the government’s public procurement system.

Furthermore, he explained that unifying the core legal provisions and contractual terms will improve the quality of government tenders, reduce errors during the review process and eliminate inconsistencies across tender documents.

Kouchouk added that the standard documents will ensure full transparency, prevent anti-competitive practices in government tenders, provide greater clarity on procurement requirements for all bidders, and reduce disputes by clearly defining the rights and obligations of both the government and the private sector.

For his part, Mohamed Adel, Chairperson of the General Authority for Government Services, said that completing the standard documentation framework marks a significant step forward in the management of public procurement.

He noted that developing procurement documents in line with international best practices will strengthen sound governance in the management of public funds.

Adel added that the new framework will accelerate tendering and contract award procedures, saving both time and effort. It will also enhance oversight and inspection by facilitating the review and comparison of procurement processes against a unified standard, while improving compliance with the law.

He further noted that the framework will help build institutional capacity in public procurement by supporting government entities that lack specialised expertise in preparing tender documents, unifying procurement practices across public institutions, and reducing reliance on individual discretion.

Daily News-


Egypt is developing its startup financing ecosystem by updating regulations for convertible securities and improving company valuation methodologies, while the Sovereign Fund of Egypt studies a new investment mechanism to support late-stage startups, the country’s investment and foreign trade minister said.

Mohamed Farid made the remarks during the 2026 annual investors meeting of Development Partners International (DPI), an Africa-focused private equity firm that manages over $3.5bn in assets and co-investments. The meeting, which discussed investment and growth opportunities in emerging markets, was attended by DPI Managing Director Ismail Talaat, CEO Sofiane Lahmar, and various representatives of international investment institutions and funds.

Farid noted that while Egypt’s entrepreneurship ecosystem has developed significantly, securing funding during growth and expansion stages remains a challenge. The proposed sovereign fund mechanism aims to bridge this financing gap, enabling promising companies to expand their operations. To support these efforts, the state is also developing an integrated data system for investments, funding, and corporate activities to inform data-driven policy decisions.

Addressing broader economic policies, the minister emphasised that investment reforms are not achieved through isolated decisions, but via a cumulative process of institutional, legislative, and procedural changes. He stressed that the success of these reforms relies on their actual implementation by executive and regulatory bodies, rather than just the issuance of legislation. Government agencies, including customs authorities, have maintained regular services, with some extending their operating hours to support investors and the business sector.

On the trade front, Farid outlined a strategy to increase exports by leveraging technology and data. The ministry plans to provide technical support and direct access to foreign market data, aiming to expand the base of exporting companies, particularly small and medium-sized factories. Efforts are underway to link Egyptian products to global value chains by enhancing production efficiency and ensuring compliance with international standards.

To upgrade foreign trade infrastructure, the ministry is developing inspection laboratories, qualifying more factories for export, and enhancing the role of commercial representation offices to open new markets. Farid highlighted promising opportunities in financial technology, insurance technology, and trade technology, noting the importance of connecting export-related entities to help companies identify overseas opportunities.

The minister additionally highlighted the industrial models present in the Banha and Mit Ghamr investment zones, stating the government is working to promote these areas locally and globally to attract further investments and boost exports.

Farid concluded that ongoing cooperation between the government, international investment institutions, entrepreneurs, and the broader business community remains a fundamental pillar for achieving sustainable economic growth and enhancing the competitiveness of the Egyptian economy.

Daily News-


Egypt’s Minister of Industry, Khaled Hashem, met with Sebastien Riez, CEO of Schneider Electric for North East Africa and the Levant, to discuss the company’s current and future expansion plans in the Egyptian market, as well as opportunities to deepen local manufacturing and increase the domestic content of its products.

During the meeting, Schneider Electric reviewed the manufacturing capabilities of its production facility in Badr City, which currently operates with a local content ratio of 80%, exports approximately 50% of its output to more than 35 countries, and employs around 650 workers.

Hashem reaffirmed the ministry’s commitment to supporting Schneider Electric by streamlining industrial procedures to facilitate the expansion of production, enabling the company to meet growing domestic demand while strengthening its export capacity.

The minister also stressed the importance of increasing the local content ratio across the company’s product portfolio to enhance the competitiveness of Egypt’s manufacturing sector and reduce reliance on imports. He encouraged Schneider Electric to benefit from the ministry’s Local Supplier Development Programme, which aims to strengthen domestic supply chains and support industrial localisation.

Highlighting the strategic importance of clean energy, Hashem said expanding the use of renewable energy in manufacturing is essential to reducing production costs and improving the sustainability and global competitiveness of Egyptian products.

He invited Schneider Electric to participate in the ministry’s Industry Sun Initiative, which aims, in its first phase, to install rooftop solar power systems with a total targeted capacity of 1,000 MW across approximately 7,000 factories nationwide.

The minister also proposed that the company take part in implementing the Energy Service Company (ESCO) model, which focuses on assessing factories’ energy consumption, identifying opportunities for greater efficiency, and providing technical support to reduce operating costs while improving energy performance.

For his part, Sebastien Riez outlined Schneider Electric’s plans to expand its existing manufacturing facility in Egypt to increase production capacity and sales.

He added that the company aims to raise the local content ratio of its products from 80% to 85% in the coming period while continuing to expand its activities in digital energy management, industrial automation, and sustainability solutions.

Daily News-


Ahmed Rostom, Minister of Planning and Economic Development, said on Monday that the government adopted an economic and social development plan for the 2026/27 fiscal year that targets increasing the private sector’s share of total investment to around 59%.

Rostom made the remarks during the launch of L’Oréal Egypt’s Economic and Social Impact Study, held under the patronage of Prime Minister Mostafa Madbouly. The event was attended by Khaled Hashem, Minister of Industry; ةric Chevallier, French Ambassador to Egypt; and Mohamed El Araby, Chairperson of L’Oréal Egypt.

In his speech, Rostom stressed the ministry’s commitment to supporting efforts to empower the private sector, increase private investment, and strengthen its contribution to achieving comprehensive development. He noted that strategic relations between Egypt and France have gained significant momentum in recent years, reflected in the growing investments of French companies in Egypt, including L’Oréal. These investments, he said, have created thousands of jobs and generated tangible added value for the Egyptian economy through exports to regional and international markets, in line with the government’s strategy to boost exports.

The minister added that developing the industrial sector across all fields remains one of the state’s highest priorities. Accordingly, the government is committed to providing a package of incentives aimed at strengthening value chains, localising industry, and increasing local content.

Rostom said the Egyptian market has developed a genuine partnership with L’Oréal through investments exceeding €100m, with more than 85% of the company’s total production destined for export markets.

He also praised the company’s leading corporate social responsibility initiatives, particularly its partnerships with various institutions to support women’s health and empowerment, as well as its efforts to encourage women to pursue careers in technology and entrepreneurship.

Rostom stressed the importance of strengthening partnerships with the private sector to provide further support for this vital segment, in line with the government’s strong focus on start-ups and the broader entrepreneurship ecosystem.

He concluded by saying that the Ministry of Planning’s participation reflects the government’s broader vision of supporting the private sector and enhancing its contribution to the national economy. He added that the newly launched Economic and Social Impact Study demonstrates that successful investment partnerships are measured not only by their financial returns but also by their commitment to sustainability and adherence to environmental and social standards, helping to ensure a more sustainable future for both businesses and society.

Daily News-


Ahmed Rostom, Minister of Planning and Economic Development and Chairperson of the National Investment Bank (NIB), chaired a meeting of the bank’s Investment Committee. The committee reviewed NIB’s investment portfolio, including its holdings across institutions listed on the capital market, and discussed a comprehensive plan to maximize the value of these assets.

The meeting forms part of ongoing efforts to restructure the bank and reinforce its pivotal role as one of the Egyptian government’s foremost development and investment arms.

Rostom highlighted the progress achieved in implementing the state’s restructuring plan for NIB, describing the bank as the government’s principal investment vehicle. He emphasized the importance of expanding investment activities and channeling them into major national projects, particularly by strengthening partnerships with the private sector.

He added that the structural transformation underway at NIB reflects the government’s commitment to optimizing state resources and assets while enhancing operational efficiency.

Rostom explained that this transformation will enable the bank to play a more effective role in implementing government-led investments, with direct benefits for improving the quality of life of Egyptian citizens. He affirmed that the restructuring plan is advancing steadily across all pillars—ranging from managing financial investments and resolving long-standing entanglements, to comprehensive internal development of the bank’s operating framework.

The session was attended by Hussein Eissa, Deputy Prime Minister for Economic Affairs; Osama Saleh, former Minister of Investment and Chairperson of Ayady for Investment and Development; and Ashraf Negm, Managing Director and Vice Chairperson of NIB. Sherif Samy, former Chairperson of the Financial Regulatory Authority and a member of the bank’s Board of Directors, joined via video conference.

Daily News-


Egypt and Switzerland have signed a 1.4m Swiss franc ($1.7m) grant agreement to launch a project aimed at building a national system for the sustainable management of electronic waste, supporting the country’s transition to a circular economy and expanding green industries.



The agreement was signed by Egypt’s Minister of Local Development and Environment Manal Awad and Swiss Ambassador to Egypt Andreas Baum in the presence of Foreign Minister Badr Abdelatty and officials from both countries.



According to Egypt’s Environment Ministry, the Circular Electronics Initiative (CEI) will support the development of an integrated framework for the reuse and recycling of electrical and electronic waste in line with Egypt’s Vision 2030 and sustainable development goals.



Awad said the initiative marks a new phase in Egyptian-Swiss cooperation and comes as electronic waste becomes one of the world’s fastest-growing waste streams while also creating new opportunities for green economic growth.



She said the project places particular emphasis on developing environmentally sound recycling systems for refrigeration and air-conditioning equipment, which contain substances that can contribute to ozone depletion and climate change if improperly handled.



The ministry said the initiative builds on the Sustainable Recycling Industries (SRI) programme, implemented between 2016 and 2025, and aims to strengthen Egypt’s legal, institutional and regulatory framework for electronic waste management in line with international best practices.



The project will focus on four main areas: strengthening legislation and sector governance, establishing compliance and monitoring mechanisms, developing professional systems for collecting and recycling electronic waste, and improving data collection and monitoring while applying the Extended Producer Responsibility (EPR) principle.



Under the agreement, Switzerland’s State Secretariat for Economic Affairs (SECO) will finance the project with a grant of 1.4m Swiss francs. Egypt’s Waste Management Regulatory Authority will lead implementation in coordination with the Ministry of Planning, Economic Development and International Cooperation, while the World Resources Forum Association (WRFA) will implement project activities.



The Swiss Embassy’s Office of International Cooperation will oversee implementation on behalf of the Swiss government, while a steering committee will supervise work plans, budgets and performance indicators.



The project is scheduled to run until June 30, 2029, with the aim of increasing electronic waste recycling and reuse rates, promoting investment in green industries, improving resource efficiency and reducing the environmental impacts of electronic waste.

Daily News-


Egypt’s Minister of Industry, Khaled Hashem, met with executives from Bel Egypt, a leading dairy products manufacturer, to review the company’s current operations, future expansion plans, and opportunities to deepen local manufacturing and increase domestic sourcing.

The meeting was attended by Hany Aram, Bel’s Regional Manager for Egypt and Northeast Africa, Noha Adel, Director of Legal Affairs and Government Relations for Egypt, Northeast Africa and the Middle East, along with senior officials from the Ministry of Industry.

During the meeting, Hashem reaffirmed the ministry’s commitment to transforming manufacturers’ demand for imported raw materials and production inputs into local manufacturing opportunities by connecting companies with qualified domestic suppliers that meet international quality standards.

He said the initiative aims to increase local content, reduce reliance on imports, and enhance the competitiveness of Egyptian industry.

The meeting also reviewed Bel Egypt’s production requirements and explored opportunities to source a greater share of production inputs from local manufacturers.

Hashem stressed that the ministry is working to improve the industrial investment climate by addressing challenges facing investors in industrial zones through continuous field inspections and direct engagement with companies.

He added that specialised technical committees have been established to conduct regular visits to industrial areas, enabling the rapid resolution of operational issues while supporting the stability and sustainability of industrial activity.

The minister noted that all investor complaints are being closely monitored and addressed as part of the government’s efforts to create a more attractive investment environment.

Bel Egypt highlighted its steady growth in the Egyptian market since commencing operations in 1998. The company has invested approximately €150m in Egypt and has exported nearly 80% of its production to 19 countries, generating more than €1.4bn in export revenues over the past 15 years, reinforcing Egypt’s position as a regional manufacturing and export hub.

The company also reviewed operations at its factory in 10th of Ramadan City, where 90% of packaging materials are sourced locally, reflecting its commitment to strengthening domestic supply chains and expanding local manufacturing.

Bel Egypt further presented an innovative distribution model developed during recent crises, which helped ensure uninterrupted product availability in both domestic and regional markets.

The discussions also covered the company’s corporate social responsibility initiatives, including a school nutrition programme implemented in partnership with the Egyptian Food Bank that provides around 250,000 meals in Upper Egypt, employment initiatives for young people leaving care institutions, healthcare programmes for retail partners and their families, and digital financing solutions for small retailers.

For his part, Hany Aram praised the Ministry of Industry’s efforts to improve Egypt’s industrial investment environment and streamline procedures for manufacturers. He said the government’s industrial policies and focus on local manufacturing have strengthened the confidence of multinational companies in the Egyptian market and support Bel Egypt’s plans to expand its investments in the country in the coming years.

Daily News-


Commercial International Bank Egypt (CIB), Egypt’s largest private-sector bank, has signed a strategic partnership with IE University to advance leadership development, executive education, and professional growth in Egypt.

The agreement reflects both institutions’ commitment to developing human capital, fostering innovation, and strengthening collaboration between higher education and industry. By combining academic excellence with practical expertise, CIB and IE University aim to help develop the next generation of leaders in Egypt and the wider region.

The partnership also underscores a shared commitment to promoting continuous learning and equipping professionals and future leaders with the skills needed to succeed in an increasingly dynamic and technology-driven environment. By bringing together CIB’s expertise in banking and financial services with IE University’s global perspective and innovative approach to education, the collaboration is expected to create new opportunities for knowledge exchange, professional development, and institutional learning.

Under the agreement, the two institutions will jointly develop initiatives to strengthen leadership capabilities and promote lifelong learning. These include executive education programmes, knowledge-sharing activities, guest lectures, professional certification opportunities, and leadership development initiatives, including CIB’s long-standing youth development programmes.

The partnership is designed to bridge academic knowledge and industry practice while preparing professionals and students to meet the evolving demands of the labour market.

Commenting on the partnership, Mohamed El Senary, Chief Human Resources Officer at CIB, said: “By combining CIB’s deep industry expertise with IE University’s commitment to innovation and executive education, we are creating meaningful opportunities to develop future-ready leaders who can drive sustainable growth and positive impact across the financial sector.”

William Davila, Executive Chair of Corporate Relations at IE University, said: “Today, organisations face unprecedented transformation driven by technological innovation, evolving workforce expectations, and increasing global complexity. In this context, continuous learning and leadership development are no longer optional—they are strategic imperatives.”

Daily News-


Al Ahly Pharos Investment Banking, the investment banking arm of the National Bank of Egypt (NBE), has announced the successful completion of the third issuance under the eighth securitisation programme for U Consumer Finance S.A.E. (Valu), with a total value of EGP 744m.

Al Ahly Pharos acted as the sole financial adviser, lead arranger, and bookrunner for the issuance, which is backed by a receivables portfolio valued at EGP 880m.

Arab African International Bank served as the custodian, while EG Bank acted as the placement agent. Matouk Bassiouny & Hennawy served as legal adviser, Baker Tilly (Mohamed Hilal & Wahid Abdelghaffar) acted as the transaction auditor, and Middle East for Credit Rating and Investors Service (MERIS) was the credit rating agency for the issuance. EG Bank and Al Ahly Pharos Investment Banking also acted as the transaction’s underwriters.

The bond issuance comprises two tranches, both rated by MERIS. The first tranche, rated P1, is valued at EGP 433m with a tenor of 12 months, while the second tranche, rated A-, is valued at EGP 311m with a tenor of 24 months.

Daily News-


Egypt’s joint committee, led by the Industrial Development Authority (IDA) in coordination with land-owning authorities and law enforcement agencies, continued its large-scale enforcement campaign for the second consecutive day, reclaiming industrial land plots and ready-built factory units from non-compliant investors across four industrial zones in Cairo and Alexandria.

The campaign is being carried out in line with directives from Minister of Industry Khaled Hashem to accelerate the recovery of idle industrial assets and reallocate them to serious investors capable of supporting Egypt’s industrial development strategy.

Nahed Youssef, Chairperson of the Industrial Development Authority, said the committee—headed by IDA Vice Chairperson Hazem Anan—implemented decisions to revoke land allocations in several key industrial areas, including the New Cairo Industrial Zone and Katameya, while continuing enforcement actions in Badr City, where inspections began on the first day of the campaign.

Youssef said the reclaimed plots had remained undeveloped for prolonged periods despite investors receiving multiple deadline extensions and a range of facilitation measures over the years.

She added that the beneficiaries had failed to commence construction or production within the approved implementation schedules, placing them in breach of the terms and conditions governing their land allocations.

The campaign also extended to Alexandria, where the committee repossessed a number of idle ready-built factory units at the Margham 2 Plastics Industrial Complex after inspections confirmed that the facilities had remained closed and were in violation of allocation regulations despite benefiting from government incentives and support measures.


Youssef stressed that the authority will continue its enforcement campaign without interruption to combat land speculation and ensure that industrial land and production facilities are allocated exclusively to serious manufacturers and investors with genuine expansion plans.

She added that reclaiming underutilised industrial assets will maximise the efficient use of state resources, stimulate industrial investment, and support Egypt’s ongoing manufacturing and economic growth.

The Listing Committee held on 01/07/2026 has approved to:
' List the capital decrease for Arabian Cement Company, from EGP 757,479,400 to EGP 749,734,890
' Such capital decrease is through terminating 3,872,255 treasury stocks at a par value of EGP 2.00 per share.
Consequently, the company's listed capital shall be EGP 749,734,890 distributed over 374,867,445 shares at par value of EGP 2.00 per share.
' These amendments shall be added to EGX database effective 05/07/2025 trading session.

Daily News-


ahmoud Esmat, Minister of Electricity and Renewable Energy, met with Karim Badawi, Minister of Petroleum and Mineral Resources, to review the joint action plan as part of ongoing preparations to meet the anticipated rise in electricity demand during the current summer. Electricity demand is forecast to increase by around 8% compared with last year, driven by higher consumption and peak loads.

The meeting forms part of the national energy strategy and the joint work programme between the ministries of electricity and petroleum to ensure a reliable, stable and uninterrupted electricity supply across all voltage levels and for all users, in line with the state’s sustainable development objectives.

It also reflects the close coordination between the two ministries to secure the fuel supplies required for power generation, building on the success achieved last summer in managing record electricity demand, which peaked at 40,000 MW, while incorporating the lessons learned from that experience.

During the meeting, the ministers reviewed the joint action plan, alternative scenarios and contingency measures across both the electricity and petroleum sectors to ensure adequate fuel supplies and maintain stable, continuous electricity generation. They also examined preparations to respond to potential developments and changing conditions to safeguard electricity supplies and preserve the stability of the unified national grid during periods of peak demand.

The discussions covered projections indicating that electricity demand this summer could exceed last year’s record peak load—the highest ever recorded on Egypt’s national grid. The ministers also reviewed the work of joint technical committees monitoring future demand to ensure sufficient fuel supplies for power generation in line with the state’s industrial, agricultural and urban development plans.

The meeting further examined the electricity sector’s efforts to improve operational efficiency, increase electricity output from each unit of fuel consumed, reduce conventional fuel consumption, enhance overall performance and energy efficiency, and expand renewable energy capacity through new solar and wind projects. These measures form part of the state’s broader energy transition strategy to increase reliance on renewable energy and reduce fossil fuel consumption.

Esmat said there is continuous coordination among all relevant state entities, particularly the ministries of electricity and petroleum, to secure electricity supplies and ensure the sustainability and stability of the national power system.

He said the success achieved last summer, despite record demand and unprecedented electricity loads, was the result of close cooperation among the relevant state institutions. He added that the electricity sector has introduced new operating practices that have reduced fuel consumption to less than 170 grams per kWh, while implementing a programme to connect 2,200 MW of renewable energy capacity and 1,300 MWh of battery energy storage systems to the national grid during the current year.

Esmat praised the ongoing cooperation with the Ministry of Petroleum and Mineral Resources in maintaining the stability and continuity of the unified electricity grid.

He added that the Ministry of Electricity and Renewable Energy is implementing the national energy strategy by diversifying electricity generation sources, expanding the share of renewable energy and maximising its benefits through energy storage technologies, including both co-located and standalone battery storage facilities, to enhance grid stability during periods of peak demand.

He reaffirmed the ministry’s commitment to improving the quality of electricity services, enhancing power generation efficiency, strengthening the operational performance of electricity companies, maintaining stable electricity supplies and meeting growing demand in support of the state’s sustainable development plans.

For his part, Badawi said the Ministry of Petroleum and Mineral Resources is working in full coordination with the Ministry of Electricity and Renewable Energy as one team to implement the state’s plan to secure energy supplies during the summer, maintain grid stability and ensure adequate fuel availability, delivering a safe and stable summer for citizens and all sectors of the economy, building on the success achieved last year.

He added that preparations for this summer began early last year through the implementation of a comprehensive, proactive plan that included developing multiple contingency scenarios and enhancing the flexibility of the energy supply system to ensure the efficient provision of fuel to both the electricity and industrial sectors.

Badawi explained that Egypt’s liquefied natural gas (LNG) import infrastructure is operating efficiently through regasification vessels that receive imported LNG cargoes and convert them into natural gas for direct injection into the national gas grid. The system also benefits from the operational capabilities of the Damietta LNG plant, which stores strategic LNG cargoes for reinjection when required, alongside domestic gas production from Egypt’s fields, creating an integrated and secure system capable of meeting local market demand.

Daily News-


Walid Gamal El Din, Chairperson of the Suez Canal Economic Zone (SCZONE), laid the foundation stone for the Nile Ferro Alloys plant, a major investment by India’s Jai Dadi Group in the East Ismailia Industrial Zone (Technology Valley), Sinai. The project spans 80,000 square metres and represents a total investment of $16m.

The facility is expected to generate around 300 direct jobs and will specialize in producing silico-manganese, manufacturing intermediate iron products from scrap metal, and processing ferroalloys. Its output will serve critical sectors including infrastructure, heavy engineering, and railway component manufacturing.

The ceremony was attended by Nabil Habashi, Governor of Ismailia; Suresh K. Reddy, India’s Ambassador to Egypt; Subash Kumar, Chairperson of Jai Dadi Group; Mohamed Ibrahim, Deputy Chairperson of SCZONE for the Northern Area; along with senior officials from SCZONE and the Ismailia Governorate.

Speaking at the event, Gamal El Din highlighted SCZONE’s role as a key driver of Egypt’s economic growth, noting that it has attracted investments exceeding $16bn from 30 countries over the past four years, including more than $7bn in the 2025/26 fiscal year alone.

He added that SCZONE has already drawn four industrial projects to Technology Valley, with combined investments of $59m and around 1,000 direct jobs. East Ismailia, he stressed, is central to the state’s Sinai development plan, with SCZONE working to establish a specialized industrial hub focused on construction materials and ferroalloys—industries vital to national development and export growth.

“These investments will not only meet domestic demand but also support Egypt’s strategic projects and expand exports to regional and global markets,” Gamal El Din said. He further revealed that several industrial and logistics projects are scheduled to be inaugurated in the Sokhna and Qantara zones during the second half of 2026.

Beyond attracting investment, SCZONE aims to build integrated industrial communities equipped with essential services, vocational training centres, healthcare facilities, and workforce development programs. Gamal El Din concluded by emphasizing that SCZONE’s success rests on Egypt’s world-class infrastructure and utilities, which provide a stable and attractive environment for investors.

(QNA)-


Gold prices fell 0.7% on Wednesday after hitting a seven-month low in the previous session, pressured by higher US Treasury yields amid persistent inflation concerns and expectations that the US Federal Reserve will continue raising interest rates.
Spot gold slipped 0.7% to $3,979.41 an ounce after falling to $3,942.99 in the previous session, its lowest level since November.
US August gold futures declined 1.1% to $3,992.70 an ounce. Gold also posted its steepest quarterly decline since 2013 and recorded a fourth consecutive monthly loss in June.
Among other precious metals, spot silver fell 1.4% to $57.75 an ounce, while platinum eased 0.6% to $1,542.00 after touching its lowest level since November. Palladium was down 0.4% at $1,199.34 an ounce.

(QNA)-


Oil prices rose about 0.7% in early trading on Wednesday after posting their steepest quarterly losses in years.

Brent crude futures gained 50 cents, or 0.69%, to $73.45 a barrel, while West Texas Intermediate crude futures climbed 63 cents, or 0.91%, to $70.13 a barrel.

Brent crude fell by about $45 a barrel over the second quarter, marking its biggest quarterly decline since the 2008 global financial crisis.

US crude futures, meanwhile, fell by about $31 a barrel over the second quarter, recording their biggest quarterly decline since 2020, when the COVID-19 pandemic triggered a collapse in global oil demand.

(QNA)-


Japan's Nikkei extended gains for a third straight session on Wednesday, lifted by artificial intelligence-related stocks, though investor caution erased much of its early advance.

The Nikkei 225 rose 0.59% to close at 70,474.96, after climbing as much as 2.7% earlier in the session. The broader Topix index gained 0.42% to finish at 4,011.50.

Market breadth was negative, with 127 stocks declining, 96 advancing and two ending unchanged on the Nikkei.

Chip-related stocks led the gains. SUMCO Corp. surged 17.37% to its highest closing level since October 2007, while Taiyo Yuden Co. climbed 12.43% to a record close. SCREEN Holdings Co. advanced 9.46% to an all-time closing high.

Among the laggards, Kawasaki Heavy Industries Ltd. fell 7.66% after a volatile session, while J. Front Retailing Co. dropped 7.6%, making it one of the index's worst-performing stocks.

The Listing Committee held on 01/07/2026 has approved to:
' List the capital decrease for Gadwa For Industrial Development, from EGP 2,048,653,980.30 to EGP 2,034,048,680.30
' Such capital decrease is through terminating 38,435,000 treasury stocks at a par value of EGP 0.38 per share.
Consequently, the company's listed capital shall be EGP 2,034,048,680.30 distributed over 5,352,759,685 shares at par value of EGP 0.38 per share.
' These amendments shall be added to EGX database effective 06/07/2025 trading session.

(QNA)-


Qatar Investment Authority (QIA) announced its participation in the completed take-private transaction of Janus Henderson Group Ltd. (Janus Henderson) alongside Trian Fund Management L.P. and General Catalyst, as part of a global group of investors.

CEO of QIA Mohammed Saif Al Sowaidi said, "Janus Henderson has a distinguished heritage as a global leader in asset management."

"As a long-term financial investor, QIA is delighted to play a leading role – together with management and investment partners – in driving the firm’s next phase of growth,” he added.

The Authority explained in a statement that through the deal, Janus Henderson will be well positioned to enhance clients’ experiences and further its strategy by making long-term investments in the Company’s investment solutions, client service capabilities, AI technology, and talent for the benefit of its clients and other stakeholders.

The Company will continue to be led by the current management team with Ali Dibadj as Chief Executive Officer and will maintain its main presence in London, England and Denver, Colorado.

QIA’s participation reflects its long-term strategy of partnering with leading global financial services businesses and supporting companies with strong market positions and significant opportunities for long-term value creation.

(QNA)-


Invest Qatar, the Investment Promotion Agency of Qatar, released its 2025 Annual Report today, marking a remarkable year for foreign direct investment (FDI) and reaffirming Qatar’s position as a leading destination for high value, impact-driven global investment.

In 2025, Qatar attracted $3.4 billion in FDI capital expenditure (capex) across 373 projects that generated 15,051 new jobs. More than 50% of total FDI capex was directed towards greenfield projects, and nearly half of all FDI projects were classified as medium to high tech investments, underscoring investor confidence in Qatar’s advanced, innovation-led economy.

The agency stated in a statement that the results reflect the strength of Qatar’s fundamentals, supported by world-class infrastructure, a business-friendly regulatory environment and a growing talent and knowledge ecosystem.

Commenting on the release of the report, HE Minister of Commerce and Industry and Chairman of the Advisory Board of Invest Qatar, Sheikh Faisal bin Thani bin Faisal Al-Thani, said, "against an evolving global backdrop, Qatar has remained focused on bolstering its resilient economy, one that offers clarity, opportunity and enduring value to investors. In 2025, we achieved key milestones that further solidified the country’s position as a premier investment destination, supported by strategic initiatives that enhance the attractiveness and competitiveness of our ecosystem. Together with our partners, we remain committed to sustaining this momentum and ensuring Qatar remains a preferred global hub for investment and innovation.”

The report noted that Qatar also witnessed a 52% increase in new FDI projects, rising to 373 projects up from 245 projects in 2024. Key investment activity was broad-based across established industrial sectors and emerging growth industries, reflecting a diversified and resilient investment landscape aligned with the Third National Development Strategy.

The top five sectors, consumer products, business services, food and beverages, software and IT services, and textiles, accounted for 69% of total projects, highlighting strong momentum across both traditional and knowledge-driven industries.

Throughout 2025, Invest Qatar accelerated efforts to enhance investor engagement and strengthen Qatar’s global investment proposition. A key milestone was the expansion of its international footprint through dedicated representatives in London, New York, Paris, Mumbai and Istanbul, enabling closer proximity to investors in priority markets and providing tailored, on-the-ground support.

The Agency also launched a $1 billion national incentives program, offering four targeted packages for advanced industries, logistics, technology and financial services, aimed at strengthening priority sectors and enhancing Qatar’s global competitiveness.

In terms of digital transformation, Invest Qatar advanced its digital transformation agenda with a major upgrade of the Invest Qatar Gateway, the country’s first integrated digital platform supporting investors across the full business life cycle, from entry to expansion. Notable enhancements included a secure document vault and streamlined access to tailored banking and telecommunications services. The platform now hosts more than 15,000 registered users and over 900 companies.

Commenting on the year’s performance, CEO of Invest Qatar Sheikh Ali Alwaleed Al-Thani said, "2025 stands as a year of purposeful progress, deepened partnerships and growing confidence in the nation’s long-term economic vision. Through expanding our international footprint and introducing strategic incentives and digital solutions, we continue to reinforce Qatar’s visibility as a trusted long-term investment partner. Looking ahead, we will continue to build on this momentum to ensure Qatar remains a destination where investment is supported, growth is accelerated and progress is shared.”

Qatar’s improving global standing further reflects this momentum, with the country achieving notable rankings across key international indices. In 2025, Qatar ranked among the top 10 globally in the International Institute for Management Development’s Global Competitiveness Report for the first time. It also rose 21 places to rank 12th globally in fDi Intelligence’s Greenfield FDI Performance Index, reinforcing its position as one of the world’s leading destinations for greenfield investment.

(QNA)-


The Qatar Stock Exchange (QSE) index closed higher on Wednesday, gaining 49.07 points, or 0.48 percent, to 10,290.82 points.

A total of 114,258,931 shares were traded, with a turnover of QR 297,905,752.443 across 18,252 transactions in all sectors.

Shares of 18 companies advanced, while 23 declined and 13 companies remained unchanged.

Market capitalization rose to QR 621,603,116,048.206, compared with QR 616,210,176,094.736 in the previous session.

The listing committee held on 01/07/2026 has approved to:
' List the capital increase Arab Developers Holding from EGP 1,390,296,339 to EGP 2,390,296,339 The EGP 1 Billion capital increase (representing the 7th issuance) distributed over 10 Billion shares at a par value of EGP 0.10 per share paid in cash according to a bank certificate of the deposited cash for the subscription of the existing shareholders.
' The new shares of such increase shall be added to EGX database effective from the beginning of 06/07/2026 trading session.
' Rights Issue Of Such increase will be deleted from the EGX database at Same Date of adding the Capital Increase to the EGX database.

Daily News-


Ibrahim El Shamy, Managing Director of Jotun Egypt, said the company has invested more than $100m in its new manufacturing facility in 10th of Ramadan City over the past three years, reaffirming its commitment to expanding operations in Egypt and strengthening the country as a regional manufacturing and export hub.

Speaking on the sidelines of a press conference to announce the launch of the company’s new SteelMaster product, El Shamy said Jotun’s exports from Egypt grew by more than 50% year-on-year.

The company currently exports to several international markets, including Libya, Kenya and the United States, while pursuing further expansion into additional export destinations.

Despite recent geopolitical challenges, El Shamy said Jotun’s export performance has remained resilient, with overseas shipments continuing to post strong growth.

He stressed that Egypt remains an attractive investment destination for Jotun despite regional and global economic uncertainties, underscoring the company’s confidence in the country’s long-term growth prospects and its commitment to further investment.

El Shamy said Jotun views Egypt as a strategic manufacturing and export hub serving African markets, reaffirming the company’s long-term plans to expand its operations and regional footprint from Egypt.

He noted that Jotun began operating in Egypt in 1986 with its first factory in Ismailia. Its facility in 10th of Ramadan City, inaugurated two years ago, has since become the company’s largest plant in the region, supplying both the domestic market and export destinations.

El Shamy also announced the start of local production of Passive Fire Protection (PFP) products in Egypt for the first time.

He said the new production line will meet growing domestic demand while supporting exports to international markets, in line with Jotun’s strategy to deepen local manufacturing, increase local content and reinforce Egypt’s position as a regional industrial and export base.