LIXIL Core Earnings Up 23% in FYE2026, Profitability Improved in Both Japan and International Businesses
LIXIL Corporation reported a 22.9% increase in core earnings to ¥38.5 billion for the fiscal year ending 31 March 2026, driven by improved profitability across both its domestic Japanese and international operations despite a challenging global business environment. Consolidated revenue
Egypt health minister calls for stronger local drug manufacturing
Egyptian Health Minister Khaled Abdel Ghaffar said local pharmaceutical manufacturing is essential for building resilient healthcare supply chains and reducing vulnerability to global crises. Speaking at a healthcare supply chain event held on the sidelines of the 79th World
Egypt to overhaul business licensing and capital rules to equalise investor playing field
Egypt is overhauling its post-establishment business regulations, including slashing the time required for capital increases and unifying operational licensing, to facilitate the ease of doing business equally for both domestic and foreign investors, the country’s investment minister said. Speaking at
Egypt pivots to technology and global supply chains for industrial growth, cites Africa as top opportunity
Egypt aims to become one of the top five players globally across seven shortlisted industrial sectors by 2035 through deep integration into global supply chains, the country’s industry minister announced during an event marking 50 years of collaboration with the
IFC marks 50 years in Egypt with $10bn mobilized across 300 projects
The International Finance Corporation (IFC) is celebrating five decades of partnership with Egypt’s private sector, during which it has invested and mobilized more than $10bn across nearly 300 projects since 1976. According to IFC, these investments have spanned critical sectors
IFC affirms commitment to Egypt’s economic reforms at 50-year anniversary event
The International Finance Corporation (IFC) and the World Bank Group reaffirmed their commitment to turning Egypt’s economic reforms into sustained outcomes during an event at the Giza Pyramids marking 50 years of operations in the country. Speaking at the gathering,
Egypt to implement cash subsidy system, freeze fuel prices by end 2026: Deputy PM
Egypt targets the implementation of a plan to transition from in-kind to cash subsidies by the end of 2026, Deputy Prime Minister for Economic Affairs Hussein Eissa said on Tuesday. Speaking at the annual meeting of the American Chamber of
Al-Sisi reviews inflation, record reserves with CBE governor
Egyptian President Abdel Fattah Al-Sisi met with Central Bank of Egypt (CBE) Governor Hassan Abdalla to review inflation trends, foreign currency reserves, and overall economic performance amid ongoing regional geopolitical tensions. According to a presidential statement, the meeting assessed Egypt’s
Egypt explores healthcare cooperation with Burkina Faso, Lebanon at World Health Assembly
Egypt’s Minister of Health and Population, Khaled Abdel Ghaffar, discussed expanding healthcare cooperation and exchanging expertise with his counterparts from Burkina Faso and Lebanon on the sidelines of the 79th World Health Assembly in Geneva. In a statement, Egypt’s Ministry
MAGRABI Retail acquires majority stake in Egypt’s Baraka Optics Group
MAGRABI Retail has signed an agreement to acquire a 51% stake in Baraka Optics Group, one of Egypt’s leading optical retail chains. The transaction remains subject to regulatory approvals, including clearance from the Egyptian Competition Authority (ECA). Founded in 1979