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
Egypt discusses investment opportunities with Afro-Asian General Union Investors
Mohamed El-Shimy, Minister of Public Enterprises Sector, met with a delegation from the Afro-Asian General Union Investors (AAGUI), in the presence of Mohamed El-Orabi, Chairperson of the Afro-Asian Peoples’ Solidarity Organization, Chairperson of the AAGUI’s Board of Trustees, and a
Egypt launches new incentives to support distressed industrial projects
The Ministry of Industry has announced a new package of grace periods and incentives aimed at supporting distressed industrial projects that have exceeded their approved implementation timelines, as part of the government’s efforts to accelerate production, protect manufacturers, and maximise
Egypt’s FRA allows brokerage services to be marketed via e-payment apps
Egypt’s Financial Regulatory Authority (FRA) has authorised securities brokerage firms to market their services through electronic payment applications and other digital platforms for the first time, according to a statement issued by the regulator on Saturday. The move, approved by
Egypt launches startup charter targeting $1bn in investment over five years
Egypt launched its first national “Startup Charter” on Saturday, seeking to mobilise $1bn in financing over five years and create approximately 500,000 direct and indirect job opportunities. The charter, unveiled by Prime Minister Mostafa Madbouly and Minister of Planning, Economic
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