Egypt’s Aswan named D-8 Tourist City of the Year for 2026
Aswan has been named the “Tourist City of the Year” for 2026 by the Developing-8 (D-8) Organisation for Economic Cooperation after winning the majority of votes from member states. The Egyptian city secured the title, awarded for the second consecutive
FRA raises microfinance ceiling to EGP 292,000, expands microinsurance coverage
The Financial Regulatory Authority (FRA) has issued Decision No. 1 of 2026, raising the maximum financing limit for microenterprise funding provided by companies, associations, and civil society institutions from EGP 266,000 to EGP 292,000. In parallel, the Authority issued Decision
Egypt’s PM orders acceleration of coastal protection projects to counter climate change
Prime Minister Mostafa Madbouly on Monday ordered the immediate resolution of any financial or technical obstacles hindering the completion of Egypt’s coastal protection projects, citing the urgent need to address climate change risks. The directive followed a meeting to review
Egypt’s Rees Tech targets EGP 1bn sales in 2026 on solar energy boom
Egyptian renewable energy solutions firm Rees Tech is targeting sales of approximately EGP 1bn in 2026, driven by a rapid increase in demand for solar systems across the local market, Chairperson Ibrahim Gamal said. The 2026 target represents a doubling
M squared extends partnership for fifth Saqqara Half Marathon featuring new 21km distance
Egyptian real estate developer M squared has extended its title sponsorship of the Saqqara Half Marathon for a third consecutive year, as the event prepares to introduce a 21-kilometre distance for the first time. The fifth edition of the race,
Egypt expands power grid as electricity losses reach 4.6bn kWh
Egypt is coordinating with Russian partners to accelerate the execution timelines of the El Dabaa Nuclear Power Plant as part of a broader strategy to secure sustainable energy, Minister of Electricity and Renewable Energy Mahmoud Esmat said on Sunday. The
Egypt’s water minister joins Rwanda’s community service day during official visit
Egypt’s Water Resources and Irrigation Minister Hani Sewilam took part in Rwanda’s monthly community service day known as “Umuganda” during his official visit to the country, Egypt’s water ministry said on Sunday. The ministry said Sewilam participated at the
Al-Sisi, Jordan’s king reject Palestinian displacement, urge full Gaza truce implementation
Egyptian President Abdel Fattah Al-Sisi met Jordan’s King Abdullah II in Cairo on Sunday, with both leaders reaffirming their rejection of any attempts to displace Palestinians from their land and calling for full implementation of the ceasefire agreement in Gaza,
Wealth Holding launches EGP 10bn Citra Residence in New Sheikh Zayed
Wealth Holding has launched Citra Residence in New Sheikh Zayed City, marking the company’s first residential development in West Cairo with a total investment of EGP 10bn. The project was officially unveiled by Soheir Karim, Non-Executive Chairperson of Wealth Holding,
CBE launches Soft POS service for contactless mobile payments to cut merchant costs
The Central Bank of Egypt (CBE) has officially launched a contactless electronic payment acceptance service that allows merchants to use smartphones and tablets as electronic points of sale (POS). The service utilizes Soft POS applications, enabling smart devices to function