Egypt seeks global automakers to localise electric vehicle production
Egypt is seeking to attract major global automakers to localise the production of electric vehicles and components as part of a national strategy to meet domestic demand and expand exports, Prime Minister Mostafa Madbouly said on Tuesday. The Prime Minister stated that the government is prioritising the National Automotive Manufacturing Programme to transition toward clean energy and reduce reliance on traditional fuels. In 2024, commodity exports from the free zones were valued at $11bn, while service exports reached $7bnand petroleum exports totalled $6.5bn. Out of the total projects, 1,019 are located within nine public free zones, spanning industrial, storage, and service sectors. Targeted activities for the free zones that align with state strategy include information technology, software development, pharmaceuticals, and automotive components.
Source:Daily News Egypt
January 27, 2026 17:41 UTC
Egypt moves to modernise real estate sector with unified regulations, digital export platform
Efforts are also underway to unify real estate measurement standards—particularly the distinction between net and gross areas—to ensure transparency and eliminate inconsistent reporting among developers. To address this issue, a centralised real estate database is being developed to provide accurate and reliable data for feasibility studies. Digital platform for real estate exportsIbrahim revealed that a unified digital platform for real estate export is currently being rolled out in coordination with the Ministries of Communications, Justice, and Interior. He also announced plans to activate the “Urban Observatory” under NUCA, which will collect and analyse urban data from new cities. Ibrahim concluded that the combined reforms—spanning regulation, digitisation, and data standardisation—are expected to position Egypt’s real estate market as a more transparent, organised, and investor-friendly destination.
Source:Daily News Egypt
January 27, 2026 17:41 UTC
Egypt state land centre approves New Matrouh City and dozens of industrial, agricultural projects
Egypt’s National Centre for Planning Stateland Uses (NCPSLU) has approved the allocation of 6,050.68 acres for the establishment of New Matrouh City and the transfer of 46 land plots to the “Future of Egypt” for Sustainable Development project. The council also approved adjustments to the established boundaries of New October City. Land in Qena for a water drinking station, an agricultural services complex, and a fire station. The council also approved land for the al-Qasima police station in North Sinai and 2.64 acres for service facilities on the Taba-Nuweiba International Road. Fawzy added that the NCPSLU continues to coordinate with state bodies to maximise the utility of unused state land and support comprehensive development to improve the investment climate.
Source:Daily News Egypt
January 27, 2026 17:23 UTC
Egypt’s non-oil exports rise 17% to $48.6bn in 2025 as trade deficit narrows
Egypt’s non-oil exports rose by 17% to $48.567bn in 2025, up from $41.507bn in 2024, while the trade deficit narrowed by 9% to $34.447bn, according to the latest foreign trade indicators reviewed by Minister of Investment and Foreign Trade Hassan El-Khatib. As a result, the trade deficit declined to $34.447bn in 2025, down from $37.869bn in 2024, reflecting improved export performance despite rising imports. The United Arab Emirates, Turkey, Saudi Arabia, Italy, and the United States were the largest destination markets for Egypt’s non-oil exports in 2025. Building materials led Egypt’s non-oil exports, valued at $14.880bn, followed by chemicals and fertilisers at $9.419bn, and food industries at $6.803bn. Gold exports recorded a sharp increase, reaching $7.6bn in 2025 compared to $3.2bn in 2024—an annual rise of $4.4bn.
Source:Daily News Egypt
January 27, 2026 17:23 UTC
CBE launches first AI diploma for Egyptian banking sector
The Central Bank of Egypt (CBE) has signed a memorandum of understanding to launch the country’s first specialised diploma in artificial intelligence (AI) for the banking sector, Governor Hassan Abdalla announced on Tuesday. The initiative, launched under the “Digital Academy” of the CBE’s FinTech Egypt, is a collaboration between the Egyptian Banking Institute (EBI) and New Giza University (NGU). The diploma comprises five integrated training programmes that combine practical case studies from the banking sector with educational frameworks. Programme 5:AI Implementation and Management, focusing on integrating AI into banking operations. The EBI Executive Director, Abdul Aziz Nuseir, noted that the diploma is part of the institute’s current annual plan to refine the skills of banking sector employees in AI according to global developments.
Source:Daily News Egypt
January 27, 2026 17:23 UTC
Egypt’s Health Minister reaffirms strategic partnership with India at Republic Day celebration
Egypt’s Deputy Prime Minister for Human Development and Minister of Health, Khaled Abdel Ghaffar, attended celebrations hosted by the Indian Embassy in Cairo marking the 77th anniversary of India’s Republic Day, reaffirming Cairo’s commitment to strengthening its strategic partnership with New Delhi, according to an official statement. In his address, Abdel Ghaffar conveyed the congratulations of Prime Minister Mostafa Madbouly to the Indian government and people, describing Republic Day as a historic milestone symbolising sovereignty, democracy, national unity and development. He underscored that Egyptian-Indian relations are anchored in a shared civilisational heritage and a modern comprehensive strategic partnership founded on mutual respect and strategic autonomy. He noted that this partnership reflects the growing convergence between two influential nations of the Global South. He concluded by expressing Egypt’s appreciation for India’s expanding regional and international role, and Cairo’s aspiration to further deepen strategic cooperation in support of South-South collaboration, regional stability and sustainable development.
Source:Daily News Egypt
January 27, 2026 17:05 UTC
Petroleum Minister highlights Petrochemicals Company’s role in localising PVC production
Badawi made the remarks during the company’s general assembly meeting to approve its investment budget for FY 2026/2027. The meeting was attended by Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir; Minister of Electricity and Renewable Energy Mahmoud Esmat; and Minister of Local Development Manal Awad. He said the company’s high product quality has driven increased demand in industrial applications requiring strict technical specifications. Badawi reaffirmed the ministry’s commitment to providing full support to the company to expand production and secure necessary inputs. He said the company achieved its highest PVC production level in five years, reaching 41,000 tonnes, and announced the completion of a feasibility study for a new PVC production line with an annual capacity of 120,000 tonnes.
Source:Daily News Egypt
January 27, 2026 17:05 UTC
Between Fact and Exaggeration: Is China Really Controlling Canada? - Dailynewsegypt
First, the actual trade relationship between Canada and China, while significant, remains modest in scale compared with Canada’s ties to the United States. In 2024, Canadian exports to China totalled about $21.1bn, accounting for only a small fraction of Canada’s overall exports. These numbers provide critical context: China is a notable trade partner, but far from Canada’s dominant export market. Canada’s trade with China — though substantial in absolute terms — is economically limited relative to its U.S. ties. The broader dispute reflects how nations like the United States react when traditional trade dominance is perceived to be challenged, even modestly.
Source:Daily News Egypt
January 27, 2026 16:49 UTC
Egypt Golf Series: Chris Wood clinches dramatic playoff victory at Marassi 1
Former Ryder Cup star Chris Wood rolled back the years on Egypt’s North Coast, securing the Marassi 1 title in a high-stakes sudden-death playoff. The Englishman held his nerve at the Address Marassi Golf Resort to defeat compatriot Charlie Crockett after both players finished the second event of the 2026 Egypt Golf Series locked at 13 under par. Chris Wood, 38, showcased his experience by carding a clinical birdie on the first extra hole to separate himself from the field and claim the trophy. “I’m absolutely delighted,” Wood said following the win. The result further cements the MENA Tour’s growing reputation as a key fixture for professional golf in the Middle East, with the Egypt Golf Series continuing to attract top-tier international talent.
Source:Daily News Egypt
January 27, 2026 16:49 UTC
Trump’s “Board of Peace”: A Private Security Council to Enforce His Global Ambitions – The Shylock of Our Time - Dailynewsegypt
Just days ago, during a White House press conference, Trump publicly suggested that the Board of Peace “could” replace the United Nations. Under the proposed structure, Donald Trump himself would serve as President of the Board of Peace. The proposed Board of Peace appears poised not to remedy these flaws, but to institutionalise them under a single leader’s control. The proposed Board of Peace will likely not be the last of Trump’s bold — or erratic — experiments in global power projection. With striking audacity, he continues to pursue a vision of unilateral American dominance, presenting the United States as an unassailable global force — at least in his own imagination.
Source:Daily News Egypt
January 27, 2026 16:49 UTC
The Minister of Petroleum reviews Rystad Energy Report Results
The Minister of Petroleum reviews the results of the Rystad Energy report and Egypt’s strategic efforts to become a regional gas hub. During Cabinet meeting, chaired by Prime Minister Mostafa Madbouly, Minister of Petroleum and Mineral Resources, Karim Badawi, presented a report on Egypt issued by Rystad Energy on December 12th, titled “Resetting Egypt’s Gas Sector: Debt Settlement, Reviving Drilling Activity, and Expanding Renewable Energy.”Minister Badawi explained that the report indicates the Egyptian petroleum sector is undergoing a significant structural restructuring, driven by unprecedented government interventions and practical policy reforms. The report links the development of conventional fields with the goals of the energy transition. Despite the challenges associated with declining production from some fields and the natural decline in output from existing assets, the Egyptian government has become more effective due to its efforts to stabilize production levels, accelerate the pace of exploration for new discoveries, launch a large number of licensing rounds, review the gas pricing structure, and address the issue of outstanding payments to partners.
Source:Egypt Independent
January 27, 2026 16:27 UTC
Israel recovers body of last hostage in Gaza
The Israeli military announced Monday that it has recovered the remains of the final deceased hostage in Gaza, marking the first time since 2014 that there are no Israeli hostages in the enclave. “Just recovered the last Hostage body in GAZA. Two US officials credited efforts by Egypt, Qatar and Turkey in helping the Israelis to recover Gvili’s remains. In return, Israel must “complete the implementation of all the terms of the ceasefire agreement in full, without any reduction or delay,” Hamas said. Netanyahu vowed Monday that Israel is “now at the threshold of the next stage: dismantling Hamas’s military capabilities and demilitarizing the Gaza Strip.
Source:Egypt Independent
January 27, 2026 15:47 UTC
India and EU finalize ‘mother of all deals’ with landmark trade pact
New Delhi Reuters —India and the European Union have finalized a long pending landmark trade deal, Indian Prime Minister Narendra Modi said on Tuesday, as the two sides seek to hedge against fickle ties with the US. Trade between India and the EU stood at $136.5 billion in the fiscal year through March 2025. Flurry of trade dealsThe agreement comes days after the EU signed a pivotal pact with the South American bloc Mercosur, following deals last year with Indonesia, Mexico and Switzerland. An India-US trade deal collapsed last year after a breakdown in communications between their two governments. For India, the tariff cuts with the EU will lead to more exports in labor intensive sectors that will help partly offset the impact of US tariffs, said Ajay Srivastava, a former Indian trade official.
Source:Egypt Independent
January 27, 2026 15:37 UTC
Egypt to export 3.2 billion cubic feet of gas to European markets
Egyptian Ministry of Petroleum and Mineral Resources announced the export of a new shipment of liquefied natural gas (LNG) this January to Shell, from the Idku LNG Terminal. The shipment, totaling approximately 150,000 cubic meters, was transported aboard the tanker “Methane Bekki Anne” to a Turkish port. This export is part of Egypt’s plan to export several LNG shipments, fulfilling its commitments to foreign investment partners. Regarding export volumes, Egypt’s natural gas exports reached approximately 238 million cubic meters in November, compared to 236 million cubic meters in October, according to data from The Joint Organizations Data Initiative. LNG exports in November amounted to approximately 215 million cubic meters, while pipeline gas exports reached approximately 23 million cubic meters.
Source:Egypt Independent
January 27, 2026 15:31 UTC
Parliament committee initially approves bill amending electricity law
The House of Representatives’ Legislative Committee has given its initial approval to a government-proposed bill amending certain provisions of the electricity law, Law #87 of 2015. Mahgoub said on Monday that the proposed amendments include stricter penalties for employees who commit crimes related to the improper connection of electricity. A source at the Ministry of Electricity said that the anticipated harsher penalties under the new electricity law align with the ministry’s efforts to reduce losses due to electricity theft and will streamline its operations. The source explained that eradicating electricity theft will only be fully achieved by completely transforming the electricity grid into a “smart” system. Minister of Electricity, Mahmoud Esmat meanwhile held a meeting to discuss the ministry’s work plan and explore ways to rationalize consumption and combat electricity theft.
Source:Egypt Independent
January 27, 2026 15:18 UTC