Algérie Patriotique Factuality OwnershipThe Egyptian president reacted favorably to recent remarks made by his counterpart, Abdelmadjid Tebboune, regarding relations between Algeria and Egypt. In an official statement released on Facebook, he praised President Tebboune's words, stating that they reflected "the depth of the historical ties" uniting the two countries. The Egyptian head of state emphasized that the shared history of Algeria and Egypt is marked by a long history of strugg…

Egypt’s Foreign Minister Badr Abdelatty on Sunday called for the rapid deployment of an international stability force to monitor a ceasefire in Gaza and emphasised Cairo’s ongoing efforts to reach a consensual settlement regarding the Iranian nuclear file. Abdelatty reaffirmed Egypt’s full support for the “National Committee for Managing the Gaza Strip,” describing it as a transitional framework designed to manage the daily affairs of the population. On regional stability, the two ministers agreed on the importance of de-escalation. Abdelatty stated that Egypt would maintain intensive contacts to reach a settlement on the Iranian nuclear issue that addresses the concerns of all parties, in a bid to support regional and international security. Abdelatty expressed a desire to further strengthen economic, trade, and investment cooperation and to expand bilateral frameworks into new fields.

Minister of Finance Ahmed Kouchouk said that risks related to Egypt’s public debt have declined, driven by growing investor confidence in the country’s economic trajectory and improving macroeconomic indicators. He noted that Egypt’s strong performance in international markets has contributed to a drop in yields on its international bonds to 4%. He explained that the government is prioritising incentive programmes and targeted initiatives to stimulate economic activity, while maintaining fiscal discipline and financial stability. Kouchouk added that the government is working to improve all debt-related indicators in order to create greater fiscal space, enabling higher economic growth and increased social spending. The finance minister also highlighted a rise in foreign direct investment and a 40% increase in private investment during the first quarter, as well as growth in goods and services exports.

Saudi Arabia’s ports authority is seeking to partner with the Suez Canal Authority (SCA) for the development of Jeddah port and other infrastructure projects, the head of the Saudi body said on Sunday. Sulaiman bin Khalid Al-Mazroua, President of the Saudi Ports Authority (MAWANI), expressed his desire to collaborate with the SCA in the construction of ferries and to utilise the authority’s specialised companies for dredging and quay works. The move comes as Saudi Arabia advances plans to upgrade Jeddah port and execute several major infrastructure developments. Al-Mazroua also confirmed that both Saudi ports and the Suez Canal are prepared for the return of major shipping lines to the Red Sea and Bab al-Mandab once regional conditions stabilise. As part of the meeting, Rabiee invited the Saudi delegation to visit the Suez Canal pavilion at the International Maritime Exhibition (IME 2026) to view the authority’s latest maritime equipment and services.

Egyptian President Abdel Fattah Al-Sisi reaffirmed on Sunday Egypt’s “categorical rejection” of any actions that could threaten Somalia’s security, stability, or territorial integrity, underscoring Cairo’s commitment to supporting stability in the Horn of Africa and deepening cooperation with Somalia across political, security, and development spheres. Al-Sisi said Egypt maintains its long-standing position in support of Somalia’s unity and sovereignty, warning that any steps undermining state sovereignty or regional stability would violate international law and risk fuelling further instability in the Horn of Africa. Al-Sisi also announced plans to dispatch a multi-specialty medical convoy to Somalia in the near future to support the country’s healthcare sector and expand humanitarian cooperation. He also said that any recognition of what he described as “Somaliland” would violate international law and threaten Somalia’s territorial unity. Al-Sisi concluded by stressing that Egypt will remain a committed partner to Somalia and will continue working with regional and international partners to enhance stability in the Horn of Africa and the Red Sea in support of sustainable development and regional security.

Egypt’s Deputy Prime Minister and Minister of Health, Khaled Abdel Ghaffar, underscored the importance of investing in youth, health and education as pillars of Egypt’s future during a youth diplomacy forum held in Cairo. Speaking at the fourth edition of the Youth Diplomacy Programme at the Olympic Centre in Maadi, Abdel Ghaffar addressed around 160 participants alongside Minister of Youth and Sports Ashraf Sobhy. The health minister outlined major developments in Egypt’s healthcare sector, noting that the health budget increased from EGP 42.4bn in 2014 to EGP 406.47bn in 2025. The session concluded with an open dialogue between the minister and youth participants on health, education and human development. Minister of Youth and Sports Ashraf Sobhy emphasised the programme’s role in equipping young people with the skills needed to represent Egypt on the international stage.

SODIC reported a net profit of EGP 4.49bn, marking a 77% year-on-year increase, while revenues more than doubled to EGP 21.26bn, reflecting exceptional growth of 118% YoY. Strong Sales and Operational PerformanceDuring 2025, SODIC generated gross contracted sales of EGP 48.4bn, supported by the sale of 1,788 units, up from 1,270 units in 2024. East Cairo emerged as the primary growth engine, accounting for approximately 52% of total contracted sales. This represented 44% of SODIC’s total sales for the year and significantly strengthened the company’s footprint in East Cairo. Unrecognized revenues from contracted sales reached EGP 106bn as of 31 December 2025, providing strong visibility for future revenue growth.

The Board of Directors of the Emergency Labour Aid Fund, chaired by Minister of Labour Mohamed Gobran, announced that the fund has disbursed a total of EGP 2.481bn since its establishment on 1 July 2002 through 8 February this year, benefiting 441,600 workers employed at 3,999 establishments across the country. In a statement issued on Sunday, the board revealed that between 1 July 2024 and 8 February this year alone, the fund allocated EGP 253.6m to support 24,528 workers at 51 establishments affected by emergency circumstances. The board reaffirmed the fund’s continued commitment to supporting workers and establishments facing emergency challenges through the provision of wage subsidies. Minister Gobran stated that the fund’s support reflects its national and humanitarian mandate, providing temporary wage assistance to workers in establishments experiencing crises or short-term difficulties until normal operations and full productive capacity are restored. He added that these efforts contribute to labour market stability, sustained production, and the overall strengthening of the national economy.

Egyptian asset manager engazaat plans to invest more than $100m over the next two years to support its regional expansion in climate infrastructure, the company announced on Sunday. “We approach water, energy, and food infrastructure as one connected investment case,” said Muhammad El Demerdash, founding partner and CEO of engazaat. To finance its expansion into clean infrastructure, engazaat has launched the SAVE Sustainable Infratech Fund, a $200m investment platform established in partnership with CI Capital. A flagship project for the firm is SAVE-1, located in the Dakhla Oasis in Egypt’s New Valley governorate. The project combines renewable energy and water systems to support local agriculture and is expected to reduce more than 460,000 tonnes of CO₂ over its operating life.

Egypt has agreed to import large quantities of frozen poultry and poultry parts from several countries to increase market supply and lower prices ahead of Ramadan, the ministries of Supply and Agriculture and the Mostaqbal Misr Agency for Sustainable Development said on Sunday. The agreement, reached during a meeting between Supply Minister Sherif Farouk, Agriculture Minister Alaa Farouk, and Bahaa El-Ghanam, head of Mostaqbal Misr, aims to secure the domestic market’s needs during the upcoming peak consumption season. The three entities described their cooperation as a “food security triangle” designed to coordinate the availability of essential goods and regulate market movement. This move is part of state efforts to strengthen strategic stocks of food commodities, achieve market balance, and ensure price stability during and after Ramadan. They further stated that additional measures would be taken to increase the supply of basic commodities to enhance the state’s food security system and alleviate the burden on citizens.

Egypt is preparing to launch a new digital system for the National Social Insurance Authority that will provide a total of 95 electronic services to citizens within six months of its rollout, Gamal Awad, head of the authority, said on Sunday. The first phase of the system’s implementation will feature the immediate launch of 40 electronic services on the digital platform, with an additional 55 services to be added in stages over the following half-year. “We have a great interest in raising the efficiency and developing the performance of the Social Insurance Authority,” Madbouly said. The platform aims to expand digital offerings, innovate service solutions, and achieve financial inclusion while monitoring all system elements to evaluate performance rates. Awad also noted that the authority is cooperating with several financial partners to implement an electronic payment and collection system to facilitate services for those dealing with the new digital platform.

Nawassy Developments has signed a management and operation agreement with global hospitality group Rotana for its N LINE hotel project, part of the company’s mixed-use NEST development in the Sixth Settlement area of New Cairo. Hossam Soliman, Chief Executive Officer and Managing Director of Nawassy Developments, said the partnership marks a key milestone in the company’s strategy to collaborate with leading international operators with proven expertise. He noted that full delivery of the project is targeted for 2032, in line with the approved development plan. The CEO also revealed that Nawassy Developments is advancing several projects in parallel, reflecting the strength of its development portfolio and its expansion plans in the coming years. The agreement to manage and operate the N LINE project underscores Rotana’s confidence in the outlook for Egypt’s real estate and hospitality sectors and supports Nawassy Developments’ strategy of delivering high-quality projects through impactful global partnerships.

Eden Development has announced plans to invest approximately EGP 3bn in real estate projects in 2026, as part of an expansion strategy spanning both Egypt and Georgia. According to Eden Development, construction works had already commenced prior to the launch of sales. Eden Development said it adopts an integrated operational model covering multiple stages of the project lifecycle, including pre-sale and post-delivery services, maintenance, and ongoing operational support. Eden Development said this portfolio underpins its expansion into hospitality, hotel operations, and asset management. On the domestic front, Eden Development described Egypt—particularly the New Administrative Capital, New Cairo, and East Cairo—as markets characterised by strong demand and sustained urban development activity.

The company revealed that it has signed a memorandum of understanding to invest approximately $2bn in hotel and entertainment projects, in cooperation with Saudi Arabia’s Sumou Investment, Adeer—an affiliate of Adeer Holding and Sumou Holding—and Hassan Allam Properties. MIDAR also highlighted major regional partnerships concluded over the past year, including a collaboration with UAE-based Emaar to develop an integrated residential project in MADA, with investments estimated at around EGP 100bn. Additional agreements include a partnership with Adeer International to develop a large-scale project in Mostakbal City with investments of about EGP 70bn, as well as a partnership with SODIC to develop an integrated urban community in MADA, with investments reaching EGP 110bn. MIDAR’s Chief Executive Officer and Managing Director, Ayman ElKousey, said the company’s recent expansion reflects its focus on accelerating project implementation and attracting long-term investments. MIDAR further announced that it has obtained international ISO certifications in quality management, occupational safety, and environmental management.

Talaat Moustafa Group (TMG) has signed a strategic partnership agreement with Egypt Education Platform (EEP) to establish a private university in Noor City with a total investment cost of EGP 8bn, the company announced. As part of the same agreement, EEP will also operate two schools within Noor City under a management contract. The partnership is part of Talaat Moustafa Group strategy to diversify its investments and maximise returns from its integrated urban projects. Noor City, located in the Capital Gardens area of East Cairo, covers a total area of 21 million square metres. TMG confirmed that unit deliveries in Noor City are expected to begin in 2026, according to the approved schedule.