Daily News Egypt

Madinaty Golf Club will host the 13th annual World Golf Awards on November 7, marking the first time the prestigious ceremony takes place in Egypt and on the African continent. The World Golf Awards is recognized as one of the premier global organizations celebrating excellence in golf tourism and course design. The upcoming event is expected to bring together top international golf stars alongside leading figures from the global golf tourism sector. “We are delighted that Madinaty Golf Cl

Egypt is accelerating construction of a 341-kilometre railway line linking Bir al-Abd, Arish and Ras El-Naqab, near Taba Airport, as part of a broader project to extend the national railway network across Sinai and support economic development in the peninsula. Transport Minister Kamel Al-Wazir inspected construction sites along the route, focusing on the 83km section between Bir al-Abd and Arish, where embankment works are progressing and railway tracks are being installed along several stretch

Shares of Banque du Caire (BDC) began trading on the Egyptian Exchange (EGX) main market on Monday following a record EGP 36.37bn initial public offering (IPO), the largest in the history of the country’s capital market. The offering comprised 6,862,500,000 shares, representing 45% of the bank’s total 15,250,000,000 shares. The IPO gives BDC a market capitalisation of approximately EGP 80.82bn, while the bank’s issued capital stands at EGP 30.5bn. The public offering was oversu

Egypt and Sudan on Monday reiterated their rejection of unilateral actions in the Eastern Nile Basin, warning that Ethiopia’s management of its dam on the Blue Nile without a binding legal framework poses a continuing threat to the water security of the two downstream countries. The position was outlined in a joint statement following the third round of the “2+2” consultation mechanism between the foreign and irrigation ministers of Egypt and Sudan, held in Cairo. The Egyptian delegation was led

Egypt is increasing its strategic commodity stockpiles and drafting a comprehensive plan to rationalise government spending to mitigate the potential economic impact of escalating regional geopolitical tensions. Prime Minister Mostafa Madbouly outlined the measures during a meeting of the Central Crisis Management Committee in the New Administrative Capital on Monday evening, noting the government is preparing for various scenarios to ease the effects of the crisis on local and global markets. T

Foreign Minister Badr Abdelatty reaffirmed Cairo’s support for Sudan’s unity, sovereignty, and reconstruction during a meeting with his Sudanese counterpart Mohiuddin Salem on Monday to discuss efforts to resolve the ongoing crisis. The talks took place in Cairo on the sidelines of the third round of the 2+2 consultation mechanism involving the foreign and irrigation ministers of both nations, according to a statement by foreign ministry spokesperson Ambassador Nader Zaki. Addressing

Egypt’s Housing Minister Randa El-Menshawy met with Austrian Ambassador to Cairo Georg Pöstinger and representatives of Austrian companies to discuss opportunities to expand cooperation in drinking water and wastewater infrastructure. The meeting brought together executives and representatives of Austrian companies, along with their agents and partners in Egypt. It was also attended by Ahmed Omran, Deputy Housing Minister for Utilities. Discussions focused on potential cooperation in drinking wa

Egypt’s Minister of Education and Technical Education Mohamed Abdel Latif and a high-level Japanese delegation inspected the Egyptian-Japanese School in Obour City on Monday to monitor the integration of Japanese language instruction and interactive educational activities. The visit comes as Japanese is being officially introduced as a second language for first preparatory (seventh grade) students in 10 Egyptian-Japanese Schools nationwide. The programme currently enrolls around 400 studen

Egypt’s Deputy Prime Minister for Economic Affairs, Hussein Issa, highlighted the country’s promising energy investment opportunities and its ongoing efforts to cement its position as a regional energy hub during the opening of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2026) on Monday. Speaking on the sidelines of the event, Issa stated that the Egyptian government is working to secure the state’s energy needs, enhance the investment environment, d

More than 25 years after its fossilised remains were discovered in a clay quarry in southern England, researchers have identified a new genus and species of herbivorous dinosaur that lived approximately 125 million years ago in what is now Surrey, Britain. The discovery highlights how fossils preserved in museum collections for decades can turn out to belong to previously unrecognised species, even when they have already been studied and classified within known groups. The researchers named the

The Financial Regulatory Authority (FRA) organised a workshop for economic journalists and media professionals to highlight the latest developments in non-banking financial activities and review recent market trends and statistics across capital markets, insurance and non-banking finance, as part of its ongoing efforts to strengthen communication with the media. FRA Chairperson Islam Azzam stressed the importance of the partnership between the authority and media organisations in raising awarene

Egypt plans to establish solar power plants with a combined capacity of 1,000 megawatts to supply around 7,000 factories under the “Shams El-Senaa” initiative, as the government seeks to expand renewable energy use and reduce electricity costs for industrial facilities. Prime Minister Mostafa Madbouly reviewed the initiative’s implementation mechanisms during a meeting with Minister of Electricity and Renewable Energy Mahmoud Esmat, stressing the need to expand the programme beyond factories to

Finance Minister Ahmed Kouchouk said an updated version of the Real Estate Tax mobile application would be launched soon to make tax services more accessible to citizens, stressing that tax incentives and facilitation measures were part of an ongoing process rather than a one-off package. Speaking at the annual conference of the Scientific Association for Tax Legislation, attended by Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), Kouchouk said the authority was leading the tax reform

Egypt has signed a $1bn financing agreement with the World Bank under the second phase of its Development Policy Financing (DPF) programme to support economic reforms, strengthen resilience to external shocks and advance the country’s green transition. Prime Minister Mostafa Madbouly witnessed the signing ceremony at the Ministry of Foreign Affairs headquarters in the New Administrative Capital. The agreement was signed by Foreign Minister and Minister of International Cooperation and Egyp

Egypt’s President Abdel Fattah Al-Sisi on Sunday reviewed plans to expand the country’s education system, including the establishment of 100 technical schools in cooperation with Italy, equipping 50 schools with German support and expanding the Japanese-style school network, alongside the development of new universities and teaching hospitals. Al-Sisi met Prime Minister Mostafa Madbouly, Education Minister Mohamed Abdel Latif, Higher Education and Scientific Research Minister Abdel Aziz Konsowa

Egypt’s exports of chemical industries and fertilisers rose by 34% year on year to $9.54bn in the first nine months of 2026, compared with $7.14bn in the same period last year, according to the Chemical and Fertilisers Export Council. The sector generated an additional $2.4bn in export revenues between January and September, reflecting stronger international demand for several key product groups and the expansion of Egypt’s export base, the council said in a statement on Sunday. Khaled Abu El-Ma

Egypt’s Industry Minister Khaled Hashem visited the Digital Manufacturing Centre (DMC) at the Arab Organization for Industrialization’s (AOI) Engine Factory in Helwan to assess its production capabilities and potential to expand the local manufacturing of industrial components, spare parts and equipment. The visit is part of the Ministry of Industry’s efforts to assess national industrial capabilities, localize advanced technologies and deepen domestic manufacturing. Hashem was accompanied by AO

Qatar’s Court of Cassation has acquitted Abdullah Al-Shaheen and other defendants in a subsidiary case arising from the dispute known as the “Egyptian Steel” case, overturning previous convictions issued in absentia and dismissing the Public Prosecution’s appeal. The court issued its final and binding ruling on October 26, 2026, in Criminal Cassation Appeals Nos. 1444 and 1532 of 2026, bringing proceedings before the country’s highest court in this subsidiary case to a close. The ruling follows

Egypt’s Minister of Electricity and Renewable Energy Mahmoud Esmat reviewed research projects aimed at using locally available raw materials to produce phosphoric acid, upgrade phosphate ore and extract potassium, alongside the development of a new technology for seawater desalination. During a field visit to the Nuclear Research Centre at the Egyptian Atomic Energy Authority’s site in Anshas, Esmat also attended laboratory experiments demonstrating water purification using locally sourced natur

Egyptian President Abdel Fattah Al-Sisi on Sunday announced the launch of the sixth African Union commemoration of post-conflict reconstruction and development, which will be extended for the first time to a full month throughout November, while calling for increased financing for recovery programmes and projects. Al-Sisi, who serves as the African Union’s champion for post-conflict reconstruction and development, said this year’s initiative would be held under the theme “Twenty Year