Gen Z won the revolution. The old guard are dominating the election
The “revolution showed the power of what Gen Z can achieve,” Mirza Shakil, a student who participated in the protests to topple Hasina, told CNN. Students gather to remember more than 1,000 killed in a crackdown on protesters, five months after after Sheikh Hasina was toppled. Mohammad Ponir Hossain/ReutersDhaka University students gather as a court delivers the death sentence to former Prime Minister Sheikh Hasina for crimes against humanity. Bangladesh Nationalist Party (BNP) Chairman Tarique Rahman addresses an election rally ahead of the country’s general election in Dhaka on February 8, 2026. Abdul Goni/AFP via Getty ImagesThis instability stands in contrast to the hopes many of the student protesters initially had.
Source:Egypt Independent
February 10, 2026 15:37 UTC
Egypt’s parliament approves cabinet reshuffle including new investment and economy leads
The reshuffle introduces new leadership to the economic group, with Hussein Issa appointed as Deputy Prime Minister for Economy. He will be supported by Mohamed Abu Bakr Saleh, named Deputy Minister for African Affairs, and Samar Mahmoud Abdel Wahid, appointed Deputy Minister for International Cooperation. In the infrastructure and housing sectors, Randa El Menshawy, currently Assistant to the Prime Minister, was named Minister of Housing. The ministry will also include Walid Abbas as Deputy Minister for Urban Communities and Ahmed Omran as Deputy Minister for Utilities. The health portfolio will also include Hossam Hosny, head of the Scientific Committee to Combat Coronavirus, as Deputy Minister of Health.
Source:Daily News Egypt
February 10, 2026 15:30 UTC
Interior Ministry arrests suspect following viral public bus harassment videos in Moqattam
The Ministry of Interior has clarified the circumstances surrounding a series of videos circulated on a social media account. In the footage, the account owner alleged that an individual harassed her, attempted to rob her within the jurisdiction of the Moqattam Police Department in Cairo, and subsequently followed her onto a public transport bus. She further alleged that he followed her while she boarded a public bus. The Ministry added that security forces were able to identify and apprehend the suspect, a laborer residing in Dakahlia Governorate. The Ministry of Interior confirmed that all necessary legal measures have been taken regarding the incident, and the Public Prosecution has assumed the investigation.
Source:Egypt Independent
February 10, 2026 08:46 UTC
Why have gold prices soared to their highest point?
A member of the Gold Division of the Egyptian Chambers of Commerce Sameh Abdel-Hakim on Monday explained the reasons behind the current rise in gold prices in the Egyptian market. He pointed out that periods of high demand sometimes exceed supply in the markets, which is one of the main factors behind the continued rise in gold prices. Abdel-Hakim added that the increased demand for gold bullion has led to a decline in demand for gold jewelry. Strong upward surges are commonHe noted that consumers previously preferred jewelry before the rise of bullion investment following the COVID-19 pandemic. Abdel-Hakim noted that any movement in the global price of gold, even a $10 increase per ounce, is directly reflected in prices in the Egyptian market.
Source:Egypt Independent
February 10, 2026 08:42 UTC
GAFI explores expansion opportunities with ElSewedy Electrometer in Egyptian market
Mohamed El-Gawsaky, Chief Executive Officer of GAFI, met with Emad El-Sewedy, Chairperson of ElSewedy Electrometer, in the presence of Mohamed Shawky, Director of the company’s Electricity Business Line, and Hesham Shaker, Director of Financial Planning and Budgeting. The discussions were attended by senior GAFI officials, including Yasser Abbas, Vice CEO of GAFI; Essam Beheiry, Head of the Free Zones Sector; and Ayman El-Shereay, Head of the Central Administration for Free Zones. Talks covered available expansion opportunities for ElSewedy Electrometer, with an emphasis on achieving a balanced approach between exports to foreign markets and serving the domestic market. For his part, Emad El-Sewedy said that 2026 will mark a year of growth for ElSewedy Electrometer, a leading manufacturer of energy metering and management solutions. ElSewedy Electrometer has successfully met European requirements and achieved export growth from within free zones, underscoring the competitiveness of Egyptian industry.
Source:Daily News Egypt
February 09, 2026 18:21 UTC
Egypt, Greece seek to deepen investment, innovation partnership
The General Authority for Investment and Free Zones (GAFI) is working to strengthen investment cooperation with Greece as part of Egypt’s broader strategy to expand economic ties with international partners. GAFI CEO Mohamed El-Gawsaky met with Greek Ambassador to Cairo Nikolaos Papageorgiou to explore opportunities for joint investment, review the current landscape of Greek investments in Egypt, and discuss priority strategic projects of mutual interest. The talks focused on enhancing bilateral economic cooperation, particularly through supporting Egyptian companies – especially startups – while fostering innovation and improving competitiveness in both domestic and global markets. The GAFI CEO also highlighted the deep historical roots of Egyptian-Greek relations, which he said have evolved into strategic economic and investment partnerships. He described Egypt as a strategic partner and a key hub for Greek investments in the Eastern Mediterranean.
Source:Daily News Egypt
February 09, 2026 18:17 UTC
Egypt targets doubling oil output through advanced drilling technologies, global partnerships
Minister of Petroleum and Mineral Resources Karim Badawi met with senior executives from international oil companies operating in Egypt to discuss advancing drilling technologies and accelerating field development in line with global best practices, as part of a five-year strategy to double the country’s crude oil production. During the meeting, Badawi highlighted the long-standing contributions of international oil companies to Egypt’s petroleum sector, noting their key role in boosting production over the past decades. Badawi outlined the ministry’s primary strategic objective of doubling oil production within five years through enhanced collaboration with international partners. This goal will be pursued by expanding drilling programs and deploying state-of-the-art technologies, particularly horizontal drilling techniques. To support these efforts, Badawi directed the development of updated contractual and technical mechanisms between the Egyptian General Petroleum Corporation (EGPC) and foreign partners.
Source:Daily News Egypt
February 09, 2026 18:17 UTC
Egypt invests EGP 26.5bn to upgrade power transmission network in FY2025
Egypt invested approximately EGP 26.5bn in fiscal year 2024/2025 to modernize and expand its power transmission network, enhance grid efficiency, and integrate renewable energy into the national grid, the Ministry of Electricity and Renewable Energy said. Minister of Electricity and Renewable Energy Mahmoud Esmat reaffirmed the government’s commitment to ensuring the availability of high-quality, continuous, and stable electricity while accelerating projects to upgrade and modernize the transmission system to accommodate the growing capacity of renewable sources. She said the investments – totaling around EGP 26.289bn – were directed toward rehabilitating and renewing extra-high and high-voltage substations and transmission lines, completing ongoing projects, and implementing new expansions. Renewable energy sources, including wind, solar, hydropower, and battery storage, account for about 14% of the national grid’s installed capacity, as Egypt moves toward its 2030 target of 42% renewables. She added that maintenance programs and the optimal operation of transmission networks have improved technical performance indicators.
Source:Daily News Egypt
February 09, 2026 18:06 UTC
Harby Group launches construction of Seven Residence in October Gardens
Harby Group has commenced construction on its latest residential development, Seven Residence, in October Gardens, following the receipt of ministerial approvals and the implementation of a payment model that links customer installments to construction progress. The development is designed to promote a balanced lifestyle that prioritizes open spaces, sustainability, and community living. Seven Residence is divided into seven fully integrated zones, each offering distinct residential concepts within a gated community that combines privacy, comfort, and ease of access. Its proximity to universities and major service hubs enhances its appeal and positions it competitively within West Cairo’s growing residential market. The company emphasized that its fully integrated development model – encompassing planning, infrastructure development, and construction – ensures timely project delivery and alignment with evolving market demand, while maintaining high standards of quality and sustainability.
Source:Daily News Egypt
February 09, 2026 18:06 UTC
Egypt, India discuss March trade mission to expand industrial exports
Abou El Makarem said Egyptian non-oil exports to India recorded strong growth of 28% in 2025, reaching $706m, up from $552m in 2024. He highlighted India’s strong global trade position, with total foreign trade reaching $1.1tr and industrial exports amounting to $850bn. He also proposed organising a specialised Egyptian trade mission to India in March 2026, scheduled for March 27–28, focusing on plastics products and machinery following the end of Ramadan. He cited India’s experience with Brazil, where increased trade missions helped boost bilateral trade to more than $16bn despite geographical distance, affirming India’s full support for the Egyptian trade mission, including logistical assistance, travel facilitation, and accommodation support to ensure tangible outcomes. Praveen said India’s plastics exports currently range between $26bn and $27bn, with a target of reaching $40bn by the end of the decade.
Source:Daily News Egypt
February 09, 2026 17:06 UTC
Arab, Muslim states condemn Israeli measures in West Bank, reject annexation
The foreign ministers of Egypt, Jordan, the United Arab Emirates, Indonesia, Pakistan, Türkiye, Saudi Arabia, and Qatar condemned what they described as Israel’s “illegal measures” aimed at asserting sovereignty over the occupied West Bank, reaffirming their rejection of any attempts to annex Palestinian land. In a joint statement, the ministers said Israel’s actions seek to entrench settlements and impose a new legal and administrative reality in the West Bank, accelerating what they described as illegal annexation efforts and the displacement of Palestinians. They stressed that Israel holds no sovereignty over occupied Palestinian territory. The ministers warned that expansionist policies in the West Bank risk fuelling further violence and undermining efforts to achieve peace and stability in the region. The statement cited United Nations Security Council Resolution 2334, as well as a 2024 advisory opinion by the International Court of Justice, which found Israel’s continued presence in occupied Palestinian territory to be unlawful.
Source:Daily News Egypt
February 09, 2026 16:40 UTC
Epstein shadow haunts Westminster as Prince Andrew discloses sensitive trade files
Between meetings and official tours, Prince Andrew was transmitting sensitive government dossiers on Vietnam and Singapore directly to the private inbox of convicted sex offender Jeffrey Epstein. The correspondence shows the Prince sharing official reports and trade insights gathered during his state-funded travels—documents strictly protected by confidentiality protocols governing trade envoys. According to the newly released files, Prince Andrew circumvented these rules, providing Epstein with an insider’s view of British economic interests abroad. “I am sorry,” Starmer told victims of Epstein during a somber address on Thursday, an unprecedented admission of failure for a sitting Prime Minister. A pivotal moment occurred when Deputy Prime Minister Angela Rayner had to intervene personally to prevent a government defeat over a motion to release all documents related to Mandelson’s appointment.
Source:Daily News Egypt
February 09, 2026 16:40 UTC
CBE’s role is not to push currency up or down: Governor
Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), participated in the second edition of the AlUla Conference for Emerging Market Economies, organised by the Saudi Ministry of Finance in partnership with the International Monetary Fund (IMF). Abdalla explained that this shift represents a fundamental change in Egypt’s monetary policy framework, with the CBE’s role now focused on setting a robust policy framework rather than managing a specific exchange rate level. He stressed that the CBE’s role is not to push the currency up or down, but to establish a strong and resilient system that allows the exchange rate to respond to supply and demand forces. These initiatives aim to bridge gaps created by traditional macroeconomic indicators that fail to capture real-time economic conditions, accelerating decision-making and supporting more forward-looking monetary policy. Abdalla said Egypt’s net international reserves reached a historic $52.6bn in January 2026, covering 6.3 months of imports and equivalent to around 158% of short-term external debt.
Source:Daily News Egypt
February 09, 2026 16:35 UTC
Egypt’s FRA raises microfinance insurance age limit to 65 in updated model
Egypt’s Financial Regulatory Authority (FRA) has raised the maximum age for microfinance insurance from 60 to 65 years as part of an updated standard group insurance model, according to a statement from the authority. The decision, issued by FRA Chairperson Mohamed Farid, introduces a new framework for life and permanent total disability coverage for micro-project funding recipients. Under the updated model, insurance coverage may also be extended to individuals over the age of 65, subject to specific agreements between the insurer and the financing body. The policy covers death from any cause and permanent total disability. The contract defines permanent total disability as an incurable condition lasting six consecutive months that entirely prevents the insured from working.
Source:Daily News Egypt
February 09, 2026 16:35 UTC
Egypt’s Supply Ministry cuts frozen poultry prices ahead of Ramadan
Egypt’s Ministry of Supply and Internal Trade has ordered a significant reduction in the price of frozen poultry at state-affiliated outlets and “Ahlan Ramadan” exhibitions, moving the price below the current rate of EGP 120, Minister Sherif Farouq said on Monday. The price cut is part of a broader effort to secure strategic commodity stocks and provide goods at affordable prices before the holy month of Ramadan. Farouq highlighted a tripartite agreement between the Ministries of Supply and Agriculture and the “Future of Egypt” Agency for Sustainable Development to import poultry and poultry parts. Regarding market readiness for Ramadan, the minister noted that following field tours in Dakahlia and Alexandria last week, the ministry is prepared to open two main “Ahlan Ramadan” exhibitions in Cairo and Giza this week. He called for the expansion of outlets and exhibitions to ensure that high-quality goods remain available at fair prices to maintain market stability.
Source:Daily News Egypt
February 09, 2026 16:35 UTC