Health Minister reviews medical projects in Badr, Obour and Nasr City
Egypt’s Health Minister Khaled Abdel Ghaffar conducted a series of field inspections of key healthcare projects and facilities in Cairo and Qalyubeya, as part of the government’s efforts to accelerate construction timelines and enhance the quality of medical services, according
Finance Minister prioritises development financing, curbs commercial borrowing
Finance Minister Ahmed Kouchouk said the government is working to reduce budget sector debt and the overall deficit, while maintaining a primary surplus to lower debt servicing costs and create greater fiscal space for spending on human development and social
Military Production Minister explores defence industry cooperation with Junghans, Thales Egypt
Salah Gamblat, Minister of State for Military Production, held talks with Luc Mestrallet, Chairperson of Junghans, and Sherif Barakat, CEO of Thales Egypt, to discuss prospects for joint cooperation in the defence industries sector. The meeting explored opportunities for joint
IDA launches 414 ready-to-operate industrial units across 11 governorates
Industrial Development Authority (IDA) has announced the launch of 414 fully equipped industrial units for immediate delivery across 12 industrial complexes in 11 governorates, as part of the Ministry of Industry’s strategy to localise manufacturing and strengthen domestic supply chains.
Trump proposes $1.5trn military budget for 2027 with massive agency cuts
US President Donald Trump’s administration on Friday proposed a $1.5trn military budget for the 2027 fiscal year, a 44% increase over 2026 levels, alongside sweeping cuts to government agencies and a drive to eliminate “woke” policies. The budget proposal serves
Iran’s Revolutionary Guard imposes yuan-based tolls for Strait of Hormuz transit: Bloomberg
Iran’s Revolutionary Guard (IRGC) has begun imposing a formal toll system on vessels transiting the Strait of Hormuz, charging fees in Chinese yuan and requiring ships to fly the flags of “friendly” nations to avoid attack, Bloomberg reported, citing shipping
Iran rehabilitates missile sites within hours of strikes, US intelligence says
US intelligence reports indicate that Iran is rehabilitating missile bunkers and silos within hours of being targeted by American and Israeli strikes, according to the New York Times, casting doubt on military assessments regarding the destruction of Tehran’s missile capabilities.
Western airlines seize market share as Iran war disrupts Middle East aviation hubs
Western airlines are redeploying aircraft to Asia and North America to capture market share from Middle Eastern competitors as the war in Iran disrupts regional flight paths and grounds regional fleets. While the loss of capacity at Middle Eastern hubs
Banque Misr appoints Amr El-Nokaly as Deputy CEO for Business Sectors
Banque Misr has announced the appointment of Amr Mohamed Zaki El-Nokaly as Deputy Chief Executive Officer for Business Sectors. El-Nokaly brings extensive banking experience, most recently serving as Chief Business Officer for Corporates, Financial Institutions and Governments at Bank ABC,
Japan, France agree to coordinate on reopening Strait of Hormuz as Trump says US will have ‘no role’
Japan and France agreed on Wednesday to coordinate closely on efforts to end the war in Iran and reopen the Strait of Hormuz to oil and gas tankers, as US President Donald Trump said Washington would play no role in