Egypt–Saudi partnership launches EGP 2bn entertainment investment platform in Egypt
PMaestro has announced a strategic partnership with Saudi Arabia’s Safari Group, the regional franchise rights holder of global brand Chuck E. Cheese, to establish a large-scale investment and operational platform in Egypt’s entertainment sector. Valued at approximately EGP 2bn, the
Egypt explores expanding climate finance in partnership with banking sector
Egypt’s Ministry of Local Development and Environment is stepping up efforts to expand climate finance and support sustainability-focused projects in cooperation with the banking sector, as part of advancing the country’s Vision 2030 and addressing mounting climate challenges. In a
Egypt signs deal to deploy AI-powered drones for environmental monitoring
Egypt’s Ministry of Local Development and Environment has signed a cooperation agreement with Drone Tech to deploy a smart aerial monitoring system using drones powered by artificial intelligence and geospatial analysis, as part of efforts to modernise oversight and improve
Egypt’s current account deficit narrows to $9.5bn in H1 2025/26 on strong remittances
Egypt’s current account deficit narrowed by 13.6% to $9.5bn during the first half of the fiscal year (Fy) 2025/26 financial year, driven primarily by a 29.6% surge in remittances from Egyptians working abroad to $22.1bn, alongside robust foreign direct investment
Egypt to launch ‘child SIM card’ with internet restrictions by mid-2026
Egypt will launch a dedicated “child SIM card” featuring secure internet packages, parental controls, and age-based social media restrictions before 30 June 2026, the cabinet spokesman said, as the government drafts comprehensive legislation to protect minors in the digital environment.
Madbouly, Rosatom chief review progress on El Dabaa nuclear project
Egyptian Prime Minister Mostafa Madbouly met with Alexey Likhachev, Director General of Rosatom, to review the latest developments in the implementation of the El Dabaa Nuclear Power Plant and explore opportunities to expand bilateral cooperation. The meeting was attended by
Planning Minister explores deeper cooperation with ILO on jobs, entrepreneurship
Ahmed Rostom, Minister of Planning and Economic Development, met with Eric Oechslin, Director of the International Labour Organization (ILO) Office in Cairo, to discuss strengthening cooperation across key development priorities, including decent work, skills development, and support for start-ups. During
Egypt to disburse wheat farmers’ financial dues within 48 hours: Agriculture Minister
Alaa Farouk, Minister of Agriculture and Land Reclamation, affirmed the state’s commitment to supporting Egyptian farmers, encouraging agricultural production, ensuring fair returns, and improving income levels. In a statement issued on Tuesday, Farouk said the government has raised the wheat
Egypt’s gold investment funds record net assets of EGP 9.28bn in March 2026: FRA
Egypt’s gold investment funds recorded total net assets of EGP 9.28bn in March 2026, according to the latest report by the Financial Regulatory Authority (FRA), reflecting growing demand for this investment vehicle amid market uncertainty. The report showed that the
EBRD extends $65m loan to HAU Energy for solar, storage project in Egypt
The European Bank for Reconstruction and Development (EBRD) is reinforcing Egypt’s green energy transition with a $65m construction bridging loan to Hassan Allam Utilities (HAU Energy) to develop a new renewable energy project in Benban Solar Park, near Aswan. The