Egypt says effective climate policy must be grounded in science as it advances National Adaptation Plan
Awad made the remarks during a coordination meeting with national research centres involved in climate risk assessments under the NAP project, held alongside an introductory workshop for the Intergovernmental Panel on Climate Change (IPCC). The objective, she added, is to embed climate adaptation into national planning frameworks and development policies. For her part, UNDP Resident Representative Chitose Noguchi said the meeting reflects a shared commitment to strengthening the scientific basis guiding Egypt’s climate adaptation strategies. UNDP officials said completing sectoral climate risk assessments by May is critical to finalising the National Adaptation Plan and securing the necessary official approvals before the end of the year. Participants agreed that close coordination between government ministries and research institutions will be essential to ensuring Egypt’s adaptation plan becomes a practical implementation roadmap and a model for other developing countries facing similar climate challenges.
Source:Daily News Egypt
February 03, 2026 17:31 UTC
Egyptian retail chains to launch ‘Ahlan Ramadan’ discount sections as producers freeze prices
Egyptian retail chains will launch dedicated “Ahlan Ramadan” sections across all branches next week, following a government agreement with food producers to freeze or lower commodity prices, Minister of Supply and Internal Trade Sherif Farouk said on Tuesday. Farouk confirmed that the primary “Ahlan Ramadan” exhibitions in Cairo and Giza are also scheduled to open next week. Farouk emphasised the importance of coordination with provincial governors to ensure that these outlets are established promptly and operate efficiently. Other participants included Alaa Ezz, Secretary General of the International Chamber of Commerce, and provincial chamber heads Mohamed El-Fayoumi, Akram El-Shafei, and Karam Kurdi. The continued operation of the “Ahlan Ramadan” exhibitions will be determined by demand levels in each province as part of the government’s broader strategy to manage f
Source:Daily News Egypt
February 03, 2026 17:31 UTC
Egypt aims to double $12bn annual FDI through sweeping economic reforms, El-Khatib says
Egypt currently attracts an average of $12bn in foreign direct investment (FDI) annually and has the capacity to double this figure through ongoing structural reforms, Minister of Investment and Foreign Trade Hassan El-Khatib said. The minister stated that recent decisions have led to a “tangible improvement” in net foreign assets and foreign exchange reserves, which have reached unprecedented levels. On fiscal policy, El-Khatib noted a fundamental shift in coordination with the Ministry of Finance to simplify the tax system. The government has prioritised foreign trade by reducing customs clearance times from 16 days to approximately five days, with a further target of two days. Egypt has also removed a significant number of non-tariff barriers that had accumulated over years, according to the minister.
Source:Daily News Egypt
February 03, 2026 17:26 UTC
Egypt’s ready-made garments exports to Europe surge 180% over five years
Egypt’s ready-made garments exports to Europe have recorded a sharp increase of 180% over the past five years, reflecting the sector’s growing integration into global supply chains, according to the Apparel Export Council of Egypt (AECE). According to the Council, the forum focused on familiarising Egyptian companies with the international standards required by major global brands. Forum activities included detailed presentations by representatives of international brands on compliance requirements and partnership models, alongside direct networking sessions between sustainability and compliance teams from global brands and Egyptian manufacturers. He stressed the Council’s continued commitment to supporting exporters to ensure the sector remains prepared for rapid changes in global sourcing patterns and able to capitalise on future growth opportunities. She also revealed that Egypt’s ready-made garments exports grew by 180% to Europe and 63% to the United States over the past five years.
Source:Daily News Egypt
February 03, 2026 17:22 UTC
MSMEDA extends EGP 400m SME financing to Banque du Caire
Banque du Caire has signed a new EGP 400m financing agreement with the Micro, Small and Medium Enterprises Development Agency (MSMEDA) to support small and medium enterprises (SMEs) across Egypt through the bank’s nationwide branch network. The agreement aligns with Banque du Caire’s strategy to promote financial inclusion and expand financing directed to the SME sector. He added that supporting the SME sector remains a top priority for Banque du Caire, pursued through an integrated framework of financial and non-financial solutions developed over years of accumulated experience. Rahmy, for his part, praised the ongoing cooperation between MSMEDA and Banque du Caire in supporting various types of enterprises, noting that the two sides have previously signed financing agreements exceeding EGP 5bn. These include 28 contracts for small enterprise financing worth EGP 507m, in addition to 20 microfinance contracts totalling EGP 4.5bn.
Source:Daily News Egypt
February 03, 2026 17:21 UTC
Egypt seeks industrial integration with Türkiye to boost joint manufacturing: Finance Minister
Ahmed Kouchouk, Minister of Finance, said Egypt is seeking deeper economic integration with Türkiye that would enable joint manufacturing and exporting to global markets, highlighting the complementary nature of both countries’ economic capabilities. The finance minister pointed to the strong improvement in Egypt’s economic performance, noting that private sector investment rose by 73% last year and continues to show robust momentum. He added that first-quarter indicators for the current financial year reflect continued economic improvement, with the private sector leading growth. He noted that the event aims to promote industrial zones in Alamein, Gargoub, and Borg El Arab as attractive destinations for increased Turkish investment. El-Wakil added that efforts are underway to deepen regional economic partnerships and give the private sector a greater role in supporting sustainable development.
Source:Daily News Egypt
February 03, 2026 16:54 UTC
Cairo seeks private investment in water utility lands for tourism and commercial development
Prime Minister Mostafa Madbouly chaired a meeting in the New Administrative Capital to review procedures for developing the drinking water and wastewater sector. Cabinet spokesperson Mohamed El-Homsany stated that the measures aim to maximise the use of utility assets and increase financial resources for water companies across the republic. El-Homsany identified several geographically prime sites owned by the Holding Company for Water and Wastewater (HCWW) and its subsidiaries that are being considered for private sector partnerships. These developments would include tourist hotels and accommodation facilities, administrative and commercial units, as well as industrial and agricultural activities. This development package further includes an expansion of solar energy installations at water and treatment plants.
Source:Daily News Egypt
February 03, 2026 16:53 UTC
World Bank, Egypt review $200m Cairo pollution project and green growth strategy
The World Bank and Egypt have reviewed the progress of the $200m Greater Cairo Air Pollution Management Project alongside a broader green growth strategy, Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat said on Tuesday. The minister underscored Egypt’s “Narrative for Comprehensive Development,” an integrated framework developed with the support of over 100 World Bank experts. Strategic discussions also covered the Foreign Direct Investment (FDI) Strategy, the Business Ready (B-Ready) Report, and the Blue Economy Strategy. The meeting was attended by Maria Sarraf, Regional Director for Environment, Natural Resources, and the Blue Economy, and Stephan Gimbert, World Bank Regional Director for Egypt, Yemen, and Djibouti. Egypt remains the third-largest contributor to the World Bank within the Middle East and North Africa region.
Source:Daily News Egypt
February 03, 2026 16:53 UTC
There Will Be No Victor in a War on Iran - Dailynewsegypt
Yet Iran, ultimately, is not Venezuela. Still, Trump—adept at brinkmanship and negotiating under fire—appears inclined, to some extent, towards launching a limited strike against Iran. Realistically, no one knows what Trump ultimately intends to do. Even if the United States were to strike Iran, the conflict would likely resemble the brief twelve-day war of 2025 rather than a drawn-out campaign. The conclusion is already clear: a war on Iran will not produce a military victory, as some in Washington or Tel Aviv may imagine.
Source:Daily News Egypt
February 03, 2026 16:32 UTC
Listing rules are a tool for company quality and growth, Egypt’s FRA chairperson says
Egypt’s stock exchange listing rules should be viewed as a pivotal tool for ensuring the quality of companies and building market efficiency rather than as mere regulatory hurdles, Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), said on Tuesday. Speaking at the 9th Capital Markets Summit, titled “Fintech: The Path to Investment Inclusion,” Farid stated that recent amendments to listing rules were designed to enable growth-stage companies to access the benefits of public listing. The chairperson also addressed the role of technology in driving investment inclusion, highlighting the implementation of electronic Know Your Customer (eKYC) protocols. The opening session, moderated by Fatma Salah, Managing Editor of Al-Borsa newspaper, was attended by Finance Minister Ahmed Kouchouk, Egyptian Exchange Chairperson Islam Azzam, and various officials from investment entities. Farid concluded by stating that when regulatory rules are drafted with a developmental vision, they become a true driver for economic growth rather than just a formal framework.
Source:Daily News Egypt
February 03, 2026 16:32 UTC
The Holocaust: Why Do We Deny What Was Acknowledged? - Dailynewsegypt
At the Topography of Terror museum in central Berlin, I stood before a merciless archive of photographs, documents, and testimonies. In the Holocaust, the main parties agree: Germany has acknowledged, and Jews remember. What is certain to me is that Jews suffered a massive Holocaust, and questioning it is morally indefensible before any political consideration. Acknowledging other victims does not diminish the Jewish tragedy; it completes the moral picture and restores its universal human dimension. My visit to Holocaust sites was not a cultural experience; it was a moral earthquake.
Source:Daily News Egypt
February 03, 2026 16:17 UTC
Egypt and Sweden discuss health cooperation, and support for Gaza wounded
Egypt’s Health Minister Khaled Abdel Ghaffar met Sweden’s Health Minister Elisabeth Laan and Sweden’s ambassador to Cairo Dag Juhlin-Dannfelt to discuss strengthening bilateral healthcare cooperation and exploring new areas of expertise exchange, Egypt’s health ministry said. Abdel Ghaffar welcomed the Swedish delegation, saying the visit reflects the depth of relations between the two countries and noting Egypt’s interest in benefiting from Sweden’s advanced healthcare experience to improve service quality. The minister reaffirmed Egypt’s humanitarian commitment through continued medical treatment for wounded and injured Palestinians from Gaza in Egyptian hospitals, alongside urgent medical aid deliveries and support for Gaza’s health sector, the statement said. The two sides also discussed governance reforms and digital transformation in healthcare, linking facilities into an integrated system, the “One Health” strategy, and the use of artificial intelligence to improve service efficiency. Senior Egyptian health officials and Swedish embassy and government representatives attended the meeting, according to the statement.
Source:Daily News Egypt
February 03, 2026 16:17 UTC
Barcelona officially signs on Egyptian striker Hamza Abdelkarim for 6 months
FC Barcelona has officially announced the signing of Egyptian striker Hamza Abdelkarim on loan from al-Ahly for six months, becoming the first Egyptian player to join FC Barcelona. The Egyptian striker will join Barcelona after passing the standard medical examination and familiarizing himself with the club’s facilities. The new Barcelona striker progressed through the youth ranks at Ahly and is a former Egyptian international with the U-17 national team, where he played a pivotal role in the last World Cup. Abdelkarim boats highly mobile skills, and is a passing striker whose primary objective is scoring goals. He made his CAF Champions League debut with Ahly and also played in some Egyptian Cup matches.
Source:Egypt Independent
February 03, 2026 15:03 UTC
Elon Musk is betting Tesla’s future isn’t about cars at all
The humanoid robot “Optimus” from Tesla waves at the presentation in the Mall of Berlin, Germany, on December 20, 2025. It’s the quintessential, science-fiction dream of the future: Musk says Tesla’s Optimus robots will do everything from cleaning your house to performing surgery. In an aerial view, brand new Tesla cars sit in a parking lot at the Tesla factory on October 19, 2022 in Fremont, California. Tesla’s humanoid robot “Optimus” distributes popcorn at a Christmas market stall. A man shakes hands with a Tesla humanoid robot on display during the World Intelligence Expo in Tianjin.
Source:Egypt Independent
February 03, 2026 14:19 UTC
Trump calls on Republicans to ‘nationalize’ future elections
President Donald Trump called on Republicans to “nationalize the voting” in an interview that aired Monday, as his administration pushes to overhaul election ground rules ahead of the pivotal midterm races later this year. “The Republicans should say, we want to take over, we should take over the voting, the voting in at least many, 15 places. The Republicans ought to nationalize the voting,” Trump told Dan Bongino, the former deputy director of the FBI, in a podcast appearance. While it’s been partially blocked in federal court, non-citizens are already prohibited from voting in federal elections. The president also kicked off a rare mid-decade redistricting campaign intended to help Republicans win additional US House seats in November’s midterm elections.
Source:Egypt Independent
February 03, 2026 11:08 UTC