Tuesday, June 16, 2026

Zhejiang Hongda Textile Manufacturing Invests $20m in Egypt’s Growing Textile Export Hub

CAIRO—The Suez Canal Economic Zone (SCZONE) has secured a new Chinese industrial investment after signing an agreement with Zhejiang...

Egypt Bets EGP 12bn on Vaccine Hub to Cut Imports and Expand Regional Reach

ISMAILIA — Egypt plans to channel investments of up to EGP 12 billion (approximately $240 million) into its Vaccine and Biotechnology City...

Egypt Restores Gas Supply Stability as Fertiliser Exports Reach $9.4bn

Egypt has restored stability to natural gas supplies for industry, enabling fertiliser producers to operate at utilisation rates exceeding...

The Paradox of Peace: Negotiations Resume Where the War Began

The most striking aspect of the emerging US-Iran agreement is not what it contains, but how familiar it appears. According...

Egypt Earns Global Respect After Holding Belgium in World Cup Opener

Egypt announced its return to football's biggest stage with an impressive 1-1 draw against Belgium, producing one of the...

Gold Climbs as Falling Oil Prices Revive Rate-Cut Expectations

CAIRO — Gold surged above $4,300 an ounce following the announcement of a US-Iran peace agreement, as investors rapidly...

El-Sisi, Bin Zayed Endorse US-Iran Deal as Region Seeks Post-Conflict Reset

CAIRO — Egyptian President Abdel Fattah El-Sisi welcomed UAE President Sheikh Mohamed bin Zayed Al Nahyan to Cairo on...

EGX Advances as Arab Investors Bet on Improving Egyptian Outlook

Stronger Pound, Robust Debt Demand and Regional Buying Support Egyptian Assets Cairo — Egyptian equities extended their recovery on Monday...

World Cup 2026: Expansion, Profit and the Price of Access An Economic Reading of Football’s Biggest Tournament and the Growing Debate Over Fairness and...

The 2026 FIFA World Cup, which kicked off on June 11 across the United States, Canada and Mexico, has...

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Top 7 This Week

MCIT Backs $400 Million Data Centre Investment to Boost Digital Hub Ambitions

CAIRO — Egypt has taken another step in its bid to become a regional digital infrastructure hub after granting a licence to Hassan Allam...

Afreximbank Plans Egypt’s First Gold Refinery to Support Continental Gold Hub

CAIRO — The African Export-Import Bank (Afreximbank) is moving forward with plans to establish Egypt's first internationally accredited gold refinery, a project that could...

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TMG Expands Regional Footprint with $18.8bn Baghdad Development

Egypt's Talaat Moustafa Group (TMG) has secured an investment licence from Iraq's National Investment Commission and received land allocation...

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Egypt, Eritrea Reaffirm Coordination on Red Sea Security and Horn of Africa Stability

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WHO Launches $518 Million Ebola Response Plan

The World Health Organization (WHO) and the Africa Centres...

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In a recurring tragedy that continues to underscore the...