Iran signals possible 90% uranium enrichment, expands Hormuz posture as tensions rise
Iran escalated its rhetoric toward the United States and its regional allies on Tuesday, signaling it could raise uranium enrichment to near weapons-grade levels while declaring that its strategic concept of the Strait of Hormuz had fundamentally changed, as negotiations
Egypt marks International Nurses Day, reaffirms support for healthcare workers
Egypt’s Health Ministry highlighted the importance of investing in nursing staff and expanding training programs during celebrations marking International Nurses Day, held under the slogan “Supporting nurses saves lives.” Health Minister Khaled Abdel Ghaffar emphasized that nursing staff represent one
Talaat Moustafa Group Q1 2026 Net Profit Rises 24% to EGP 5.5bn
Talaat Moustafa Group reported strong financial results for the first quarter of 2026, posting a 24% year-on-year increase in net profit to EGP 5.5bn, reflecting the group’s continued operational momentum across its core business segments. The group’s revenues rose 39%
Opinion | Hormuz: The ‘Gold Mine’ Strait
The statement by Mojtaba Khamenei, the Iranian Supreme Leader, that “control over the Strait of Hormuz is equivalent to possessing a deterrent power on the level of a nuclear weapon, and it is a vital card we will never relinquish,”
Egypt to rebrand supply outlets into ‘CARRY ON’ franchise chain, offering youth financing
Egypt’s Ministry of Supply and Internal Trade has signed an agreement with the Micro, Small and Medium Enterprises Development Agency (MSMEDA) to transform existing state-subsidised supply outlets into a unified commercial franchise chain operating under the new brand “CARRY ON”,
Egypt targets 5.4% economic growth, EGP 3.7trn investments in FY 2026/27 plan
Egypt is targeting an economic growth rate of between 5.2% and 5.4% and total investments of EGP 3.7trn for the fiscal year (FY) 2026/27, with private investments accounting for the majority of the planned expenditure, the Minister of Planning and
APPO to launch African training platform by year-end as Egypt proposes June ministerial summit
The African Petroleum Producers’ Organisation (APPO) will launch a continent-wide training platform by the end of the year, its secretary-general announced during talks where Egypt proposed hosting an APPO ministerial session on the sidelines of the African Union’s mid-year coordination
Egypt’s Damietta Port receives its largest bulk cargo of 144,780 tonnes on YANG FAN vessel
Damietta Port received the Panama-flagged bulk carrier YANG FAN carrying 144,780 tonnes of bulk slag from China, marking the largest bulk cargo load handled by the port since its establishment. Arriving from Singapore, the bulk carrier measures 289 metres in
Beltone Venture Capital, Citadel International exit Bosta with 75% IRR
Beltone Venture Capital and UAE-based Citadel International Holdings have announced the successful exit of their joint investment in logistics startup Bosta, achieving an internal rate of return (IRR) of 75%. The transaction represents the fifth successful exit for Beltone Venture
Madbouly tours major factories, reinforces push to localize industry, expand exports
Prime Minister Mostafa Madbouly conducted an extensive tour of several industrial facilities in 6th of October City and El Sadat City, reaffirming Egypt’s commitment to strengthening local manufacturing, increasing domestic content, and attracting global investment across strategic sectors including automotive,