SODIC’s net profit surges 77% in 2025
Sixth of October Development and Investment Company (SODIC) delivered a strong set of consolidated financial results for 2025, posting sharp growth in revenues, profitability, and operational performance. The results were driven by robust demand across the company’s portfolio and the
Egypt health minister highlights youth investment at Diplomacy Forum
Egypt’s Deputy Prime Minister and Minister of Health, Khaled Abdel Ghaffar, underscored the importance of investing in youth, health and education as pillars of Egypt’s future during a youth diplomacy forum held in Cairo. Speaking at the fourth edition of
Al-Sisi reaffirms support for Somalia’s unity, warns against threats to Horn of Africa stability
Egyptian President Abdel Fattah Al-Sisi reaffirmed on Sunday Egypt’s “categorical rejection” of any actions that could threaten Somalia’s security, stability, or territorial integrity, underscoring Cairo’s commitment to supporting stability in the Horn of Africa and deepening cooperation with Somalia across
Saudi Ports Authority seeks Suez Canal partnership for Jeddah port development
Saudi Arabia’s ports authority is seeking to partner with the Suez Canal Authority (SCA) for the development of Jeddah port and other infrastructure projects, the head of the Saudi body said on Sunday. Sulaiman bin Khalid Al-Mazroua, President of the
Yield on Egypt’s international bonds falls to 4% amid strong market performance: Finance Minister
Minister of Finance Ahmed Kouchouk said that risks related to Egypt’s public debt have declined, driven by growing investor confidence in the country’s economic trajectory and improving macroeconomic indicators. He noted that Egypt’s strong performance in international markets has contributed
Cairo, Athens call for international stability force in Gaza and settlement of Iranian nuclear file
Egypt’s Foreign Minister Badr Abdelatty on Sunday called for the rapid deployment of an international stability force to monitor a ceasefire in Gaza and emphasised Cairo’s ongoing efforts to reach a consensual settlement regarding the Iranian nuclear file. In a
Suez Canal revenues hit $449m in early 2026 as regional stability returns
Suez Canal revenues reached $449m since the beginning of 2026, marking a recovery following a ceasefire in Gaza that restored regional stability, Suez Canal Authority (SCA) Chairperson Osama Rabie said on Sunday. The canal recorded the passage of 1,315 ships
New real estate legislation in pipeline as Egyptian parliament targets market stability
Egypt’s current parliament is witnessing the highest representation of real estate developers in its history, with around 20 members in the House of Representatives and nearly five in the Senate coming from the sector. This strong presence is expected to
Egypt removes Nile encroachments under river management project
Egyptian authorities have removed 32 encroachments on the Nile River and adjacent riverbank lands in the Shubra-Helwan sector as part of a national project to regulate the Nile and its branches, the Ministry of Water Resources and Irrigation said. Water
DrasChem to establish Middle East’s first sodium cyanide plant in Alexandria
The Chief Executive Officer of the General Authority for Investment and Free Zones (GAFI), Mohamed El-Gawsaky, has received a delegation from DrasChem Specialty Chemicals, a Private Free Zone company, to discuss the steps required to establish the company’s sodium cyanide