Prime Minister Mostafa Madbouly said the health sector stands at the top of Egypt’s national priorities, affirming the government’s great efforts to present advanced medical services to Upper Egypt that were not previously available. The Premier added that the garments factory provides thousands of jobs, about 90% held by women, with expansion plans over the next two years are expected to triple employment to more than 9,000 workers. He noted that most output from the garments and agricultural processing plants is export-oriented, supporting foreign currency inflows and narrowing the trade gap. Madbouly went on to say that the government’s factory visits are intended to hear directly from investors, address challenges quickly, and enable expansion. He also added that the tour also covered Hayah Karima “Decent Life” projects, including villages such as Tuna el-Gabal and Beni Hassan el-Shorouk, and a triple sewage treatment plant serving more than 80,000 residents who previously lacked sanitation services.

February 02, 2026 10:30 UTC

The head of the parliamentary bloc of the Tagammu Party, MP Atef Maghawry, said on Sunday that the new parliament intends to amend the old rent law. Maghawry referred to statements by the head of the parliamentary housing committee, who said that the rent law would be on the agenda due to issues in its implementation. Egyptian President Abdel Fattah al-Sisi ratified Law 164 of 2025, which regulates rent laws and reorganizes the relationship between landlords and tenants in August, after it was approved by the House of Representatives. The law specifies how the monthly rent amount will be calculated after the law is implemented. The law classifies areas into three categories: “distinguished,” “medium,” and “economic.”According to the latest census issued by the Central Agency for Public Mobilization and Statistics in 2017, approximately 1.64 million families, representing 6.13 million individuals, live in rental units under the old rental system.

February 02, 2026 09:08 UTC

A member of the Egyptian Businessmen’s Association and head of the Tax and Finance Committee of the Egyptian-Lebanese Businessmen’s Association, Rami Fathallah, anticipates that Turkey will invest over US$500 million in Egypt during 2026, in vital industrial and commercial sectors. Fathallah explained that these investments are expected to be concentrated primarily in the spinning, weaving, dyeing, and finishing sectors, in addition to various industrial and commercial projects. Encouraging foreign investmentsHe emphasized the importance of stimulating foreign investments, particularly Turkish, through unconventional tax and procedural incentives that go beyond traditional investment attraction frameworks. Fathallah emphasized that the textile sector represents one of the most prominent areas of Egyptian-Turkish cooperation, given the accumulated expertise and manufacturing and technological capabilities of both sides. He pointed out that these anticipated investments could contribute to boosting Egyptian exports, transferring technology, and creating direct and indirect job opportunities.

February 02, 2026 09:08 UTC

Cairo International Book Fair 2026 hosted Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, in a seminar organized by the NAWA Foundation, discussing “Egypt’s Narrative for Comprehensive Development: Reforms for Growth, Jobs and Resilience.”The seminar, moderated by Abdel Moneim Said, brought together economists, university professors, and visitors to review the country’s integrated development framework. Al-Mashat highlighted that the Narrative was developed to integrate Egypt Vision 2030 with the Government Program, responding to global economic changes since 2020. The Narrative also links development outcomes to financial performance through a programs-and-performance approach, promoting accountability and sustainable growth. Public investment governance has opened space for private sector growth, with private investments now accounting for 65% of total investments and a target of over 70% by 2030. The Minister also discussed policies enhancing private sector empowerment, competitive neutrality, and business environment reforms under the National Structural Reforms Program.

February 01, 2026 19:44 UTC

The Central Bank of Egypt (CBE) is set to offer a local treasury bill tender denominated in US dollars on Monday, valued at $950m. The proceeds of the tender will be used to repay the maturity of a previous tender launched on 4 February 2025, under which bids worth $1.061bn were accepted and are due to mature on Tuesday. CBE had previously received 26 bids worth $937m to cover a similar tender launched on 29 December 2025 with a value of $800m. Subscription to these dollar-denominated treasury bills is open to local banks and foreign institutions, with a minimum subscription of $100,000 and its multiples. Each primary dealer bank submits its subscription request to CBE, specifying the amount it wishes to invest and the interest rate it seeks.

February 01, 2026 19:44 UTC





Egypt’s Minister of Housing, Utilities and Urban Communities Sherif El-Sherbiny met with Ahmed Rizk, Director of the United Nations Human Settlements Programme (UN-Habitat) Office in Egypt, to discuss expanding cooperation on sustainable urban development and the Egypt Vision 2030 agenda. The meeting focused on establishing priorities for joint work following the 12th World Urban Forum (WUF) held in Cairo. Rizk expressed UN-Habitat’s interest in documenting and sharing Egypt’s pioneering experience in social housing and new city development with other nations. Officials from the Ministry of Housing and the New Urban Communities Authority also attended the session, where they reviewed proposed projects aimed at achieving balanced urban growth across the country. El-Sherbiny stated that the ministry remains committed to deepening the partnership to support the state’s strategy for comprehensive development.

February 01, 2026 19:44 UTC

The health ministry said the move reflects Egypt’s commitment to citizens’ constitutional right to equitable and comprehensive healthcare. The state-funded treatment scheme remains a key pillar of Egypt’s healthcare system until the nationwide rollout of universal health insurance is completed. Abdel Ghaffar said the guide aims to unify working standards across the General Administration of Specialised Medical Councils and simplify the documentation cycle required to obtain treatment approvals. The ministry said the guide also specifies requirements for renewing treatment approvals to ensure transparency and uninterrupted access to care. The health ministry reaffirmed its commitment to further healthcare reforms and urged medical facilities to comply with the new procedural framework.

February 01, 2026 19:44 UTC

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, organized by The TriFactory, is scheduled for Friday, 13 February 2026. The 2026 edition will feature 5km and 10km distances alongside the new 21km half marathon. Ayman Hakky, founder and CEO of The TriFactory, said the introduction of the half marathon distance resulted from years of planning within the historic environment. “Reaching a fifth edition and introducing the half marathon distance is the cumulative result of years of planning on the ground,” Hakky said.

February 01, 2026 19:42 UTC

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. Madbouly stated that the electricity and energy sector is a priority for the government due to its essential contribution to development plans, the improvement of service quality, and the creation of an investment-friendly environment. The ministry also extended distribution lines by 194,000 kilometres and transmission lines by 5,610 kilometres to bolster network coverage. Addressing technical and financial inefficiencies, Esmat highlighted a crackdown on power theft, noting that authorities recorded stolen electricity totalling 4.6bn kilowatt-hours. The meeting underscored the Egyptian government’s focus on expanding energy infrastructure and ensuring long-term sustainability to align with national development goals.

February 01, 2026 19:42 UTC

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, the Egyptian presidency said. The discussions focused on developments in Gaza and the West Bank. Al-Sisi and Abdullah reiterated Egypt and Jordan’s firm stance against any displacement of the Palestinian people, while rejecting violations and “arbitrary practices” against Palestinians in the occupied West Bank. They also said the establishment of an independent Palestinian state along the June 4, 1967 borders, with East Jerusalem as its capital, remains the only path to lasting peace and stability in the Middle East. The meeting also addressed wider regional developments, with both leaders stressing the importance of de-escalation, peaceful conflict resolution and respect for state sovereignty and territorial integrity.

February 01, 2026 19:42 UTC

Gold prices in the local market recorded strong gains in January, jumping by around EGP 995, despite steep declines observed in the final days of the month, according to a report issued by online gold and jewellery trading platform iSagha. On the other hand, 24-carat gold settled at around EGP 7,800 per gram by the end of trading, 18-carat gold at EGP 5,850, and the gold pound at approximately EGP 54,600. Globally, gold prices surged by about $577, or 13.4%, during January. Commenting on the pricing gaps, Embaby explained that local prices remain higher than their global equivalents by up to EGP 405. He stressed that sharp declines in gold prices do not signal the end of the upward trend.

February 01, 2026 19:42 UTC

Capital International Airport marked a new milestone on Sunday with the launch of the first Air Cairo flight from the airport to King Abdulaziz International Airport in Jeddah, reinforcing its growing role as a strategic hub within Egypt’s civil aviation network. The approach aims to stimulate air traffic to and from the New Administrative Capital while easing operational pressure on major hub airports, particularly Cairo International Airport. Air Cairo, the Ministry of Civil Aviation’s low-cost carrier arm, operated the inaugural flight using an Airbus A320 aircraft carrying 160 passengers. The launch signals the start of regular operations from Capital International Airport, with six weekly flights scheduled to Jeddah. Commenting on the launch, Minister of Civil Aviation Sameh El-Hefny said that operating Air Cairo flights from Capital International Airport aligns with the state’s strategy to fully capitalize on modern airport infrastructure and facilitate travel movement.

February 01, 2026 19:42 UTC

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 invitation of Rwanda’s Environment Minister Bernadette Arakwu, accompanied by members of the joint steering committee for the bilateral Water Resources Management and Irrigation Project and Egypt’s ambassador to Rwanda Hanan Shaheen. Umuganda is a nationwide community initiative held on the last Saturday of every month, bringing together citizens and officials across Rwanda to carry out public works such as environmental clean-ups and tree planting, reflecting a strong culture of collective action and sustainable development. Sewilam, the Egyptian ambassador and members of the delegation planted trees in a symbolic gesture highlighting shared commitment to environmental protection and nature-based solutions, the statement said. Both sides stressed the importance of building on such community-driven experiences to strengthen cooperation and support sustainability-focused initiatives across Africa, according to the ministry.

February 01, 2026 19:42 UTC

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. Rees Tech, which operates as a specialised trading company, provides integrated solutions for solar power plants, including inverters, solar panels, batteries, and protection products. Gamal stated that the firm maintains a market protection policy to safeguard distributor margins and ensure long-term stability. The company distributes solar panels from global manufacturers JA Solar and LONGi, and recently secured the exclusive agency for AIKO solar panels in Egypt. To mitigate supply disruptions and market volatility, Rees Tech currently holds inventory sufficient to cover three to four months of demand, Gamal said.

February 01, 2026 19:42 UTC

Egypt is studying the possibility of trading sugar on its commodity exchange to improve governance, transparency, and price stability, according to a statement from the Ministry of Supply and Internal Trade on Sunday. The officials met to coordinate a strategy for the sugar industry aimed at strengthening self-sufficiency in strategic commodities and securing the local market on a sustainable basis. Sherif Farouk stated that the sugar industry is a priority strategic file for the state due to its direct impact on food security. The Ministry of Agriculture is prioritising sugar beet and sugar cane by expanding cultivated areas and providing farmers with high-yield seeds and modern agricultural practices, according to Agriculture Minister Alaa Farouk. The meeting reviewed the current status of the industry and the challenges facing the system from agriculture through to distribution.

February 01, 2026 18:59 UTC