India expands Africa outreach with landmark regional Hindi conference in Cairo
Their participation underscored India’s growing emphasis on cultural diplomacy and academic cooperation with Africa and the Arab world. Distinguished Hindi scholars from Egyptian, African and international universities delivered presentations and engaged in in-depth discussions on a range of contemporary themes. Hosting the conference in Cairo highlighted the deep-rooted civilisational ties between India and Egypt – two ancient cultures linked by longstanding traditions of knowledge exchange, cultural interaction and people-to-people engagement. The conference concluded with a strong consensus on advancing Hindi teaching, research and cultural exchange in Africa through sustained academic partnerships, faculty exchanges, student mobility programmes and joint research initiatives. Widely regarded as a resounding success, the Africa Regional Hindi Conference is expected to contribute meaningfully to the promotion of the Hindi language, the strengthening of India-Africa cultural relations and the deepening of cross-regional people-to-people ties.
Source:Daily News Egypt
February 16, 2026 17:05 UTC
Korean Cultural Centre marks Seollal in Cairo to promote mutual cultural understanding
South Korea and Egypt are deepening bilateral relations and cooperation across cultural and educational fields, Oh Sung-ho, Director of the Korean Cultural Centre, said during a celebration of the Korean Lunar New Year. Attendees participated in traditional Korean games and experienced wearing the Hanbok, the traditional Korean dress, to immerse themselves in the festive spirit. The programme concluded with a presentation of traditional Seollal dishes and tastings of Korean New Year cuisine. The “Ahlan Korea” programme is scheduled to continue throughout 2026 in cooperation with the Korean Tourism Organisation. The Korean Cultural Centre indicated that educational and cultural institutions interested in participating in future editions of the series may contact the centre for further details.
Source:Daily News Egypt
February 16, 2026 17:05 UTC
CBE catalyses banking sector’s shift toward sustainable finance: Governor Abdalla
“Within this framework, the CBE is playing a pivotal role in catalysing the banking sector’s transition towards a more sustainable future through issuing the Sustainable Finance Guiding Principles in 2021, the Sustainable Finance Binding Regulations in 2022, and the Carbon Border Adjustment Mechanism (CBAM) directive in 2025. Speakers reaffirmed Egypt’s commitment – alongside international partners – to advancing the sustainable finance agenda, enhancing climate resilience and accelerating the transition to a low-carbon economy. Participants also highlighted emerging economic opportunities linked to the climate transition, including job creation, the development of new markets and growth in sectors such as agricultural technology (Agri-tech). Discussions underscored the importance of innovation, sound policy design and cross-sector collaboration in scaling up climate finance. Participants emphasised the need to reinforce climate-aligned financial systems across Egypt and Africa, strengthen resilience and ensure sustainable growth.
Source:Daily News Egypt
February 16, 2026 17:03 UTC
Entrepreneurs’ uptake of simplified tax regime surpasses expectations: ETA head
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), announced that the number of entrepreneurs and small and micro enterprise owners joining the simplified tax system since its launch in February 2025 has exceeded expectations, particularly during the final quarter of the last year. The objective, she noted, is to support content creators, start-ups and entrepreneurs in integrating into the formal economy and expanding their operations. Abdel Aal emphasised that digital transformation remains a cornerstone of tax policy reform, aimed at establishing a modern tax system that supports growth and investment. 6 of 2025, which introduced a simplified tax regime for entrepreneurs and owners of small and micro enterprises with annual turnover not exceeding EGP 20m. Registration and payment procedures have also been simplified, eliminating the need for complex accounting records or lengthy tax filings.
Source:Daily News Egypt
February 16, 2026 17:03 UTC
Egypt plans $4bn investment in six refinery projects, minister says
Egypt is implementing six petroleum refinery development projects with total investments exceeding $4bn, Minister of Petroleum and Mineral Resources Karim Badawi said. The minister and officials from the IFC, a member of the World Bank Group, discussed investment and financing opportunities in petroleum refining, petrochemicals, and value-added industries, as well as the mining sector. Badawi detailed reforms implemented over the past 18 months to improve the investment climate in the oil and gas sector. In the mining sector, the minister highlighted reforms intended to attract investment in gold and mineral exploration. Badawi added that maintaining project safety, asset integrity, and environmental compliance are “non-negotiable” constants for the petroleum sector.
Source:Daily News Egypt
February 16, 2026 17:03 UTC
U.S.-Egypt partnership deepens with high school counsellor training initiative
The U.S. Embassy in Cairo has partnered with College Board to launch a specialised college admissions training programme for more than 50 Egyptian high school counsellors. The initiative aims to enhance advising capabilities, broaden counsellors’ understanding of international admissions systems and the SAT, and better prepare students for global higher education opportunities. Recognised by universities across the United States and by many institutions worldwide, the SAT is a globally trusted academic credential designed to assess students’ preparedness for college-level study. The agreement between College Board and Egypt’s Ministry of Education and Technical Education restored an important pathway for Egyptian students seeking to pursue higher education in the United States. By supporting American educational organisations expanding their presence in Egypt and enhancing institutional collaboration, the programme aims to deliver lasting benefits for students, educators and higher education institutions in both nations.
Source:Daily News Egypt
February 16, 2026 17:01 UTC
AlGammal Holding partners with Lectrobar to advance power distribution solutions
AlGammal Holding has signed a strategic partnership agreement with Lectrobar to collaborate on the development and expansion of the Lectrobar Busway system, marking a significant step in advancing innovative electrical distribution solutions across the region. It aims to combine AlGammal Holding’s industrial strength and regional presence with Lectrobar’s longstanding expertise in busduct and busway manufacturing. Under the partnership, both companies will collaborate to deliver high-quality, reliable, and efficient busway solutions tailored for major infrastructure, industrial, and data-driven projects. “Through this partnership, we seek to strengthen the presence of Lectrobar Busway systems and provide high-performance solutions designed to meet the growing needs of large-scale infrastructure, industrial, and mission-critical projects,” he noted. Lectrobar, established in 1975, is a specialised manufacturer of busduct and busway systems.
Source:Daily News Egypt
February 16, 2026 17:01 UTC
Egypt, Nissan explore production expansion, increased auto exports to Africa
Egypt’s Minister of Industry Khaled Hashem held discussions with representatives of Nissan Motor Corporation on the company’s plans to expand its operations in the Egyptian market and boost vehicle exports to African countries. The Monday talks come as part of the government’s broader strategy to localise the automotive industry and position Egypt as a regional manufacturing hub. The company also expressed its ambition to become the largest exporter of vehicles to Africa from Egypt. The minister reaffirmed the Ministry of Industry’s commitment to localising automotive manufacturing and its feeder industries in order to reduce import dependency and attract global carmakers to establish production facilities in Egypt. For his part, Mohamed Abdel Samad, Managing Director of Nissan Africa, reiterated the company’s commitment to expanding production in Egypt and increasing exports across the continent.
Source:Daily News Egypt
February 16, 2026 17:01 UTC
Deputy PM says Egypt prepares 60 state companies for sovereign fund transfer, EGX listing
Egypt is preparing 60 state-owned companies for restructuring and investment, including 40 proposed for transfer to the Sovereign Fund of Egypt and 20 undergoing listing procedures on the Egyptian Exchange, Deputy Prime Minister for Economic Affairs Hussein Issa said on Monday. Issa stated that he is currently studying the files of 40 companies recommended for transfer by the unit responsible for restructuring state-owned enterprises. The announcements came during a meeting with Prime Minister Mostafa Madbouly to review the progress of restructuring economic authorities and state-owned firms. The Deputy Prime Minister outlined a schedule for upcoming reviews of state entities, including a meeting on Tuesday with officials from the General Authority for Land Reclamation and Agricultural Development. Additionally, a meeting with leaders of the public business sector is scheduled for Tuesday to manage several companies previously under its jurisdiction.
Source:Daily News Egypt
February 16, 2026 17:01 UTC
AlMarasem launches Mar Ville in New Sheikh Zayed, targets EGP 33bn in sales
AlMarasem International for Development is accelerating its expansion in West Cairo with the development of its new residential project, Mar Ville, in New Sheikh Zayed. The company is targeting total sales of around EGP 33bn, reinforcing its strategy to achieve geographic diversification across its real estate portfolio. The launch of Mar Ville represents a strategic step beyond AlMarasem’s established presence in East Cairo’s Fifth Settlement. Positioned directly opposite Sphinx International Airport and near the Grand Egyptian Museum, Mar Ville offers strong residential and investment appeal in one of West Cairo’s fastest-growing districts. Mar Ville comprises 645 fully finished residential units across phases one and two, ranging from 96 to 272 sqm with one- to four-bedroom layouts.
Source:Daily News Egypt
February 16, 2026 16:41 UTC
SelectUSA Tech Pitch Competition showcases Egyptian innovation
The U.S. Embassy Cairo partnered with the American University in Cairo’s Venture Lab at the Onsi Sawiris School of Business to host its annual SelectUSA Tech Pitch Competition, spotlighting Egypt’s emerging technology entrepreneurs. They will join other Egyptian start-ups that independently register and finance their participation. The SelectUSA Tech Pitch Competition underscores the United States’ commitment to supporting innovative, technology-driven start-ups worldwide seeking to expand into the U.S. market. SelectUSA Tech operates under the U.S. Department of Commerce’s SelectUSA programme, offering international start-ups direct access to American investors, market-entry guidance and high-impact networking opportunities. While winning the local pitch competition is not a prerequisite for participation in the summit, entrepreneurs must register and fund their own travel.
Source:Daily News Egypt
February 16, 2026 16:10 UTC
Japan reaffirms support for Grand Egyptian Museum, education cooperation, and regional stability
Japan’s Ambassador to Egypt, Iwai Fumio, has reaffirmed Tokyo’s firm commitment to Egypt’s cultural, educational and regional initiatives during a reception in Cairo marking the birthday of the Emperor of Japan. Addressing guests at the event, Ambassador Iwai described the inauguration of the Grand Egyptian Museum as a “historic milestone”, commending Egypt’s achievement in showcasing its ancient civilisation to the world on an unprecedented scale. Japan has been a longstanding partner in the museum project, providing extensive financial and technical cooperation. Education at the Core of Bilateral CooperationEducation continues to represent a cornerstone of Egypt–Japan relations, Ambassador Iwai stressed, describing it as a priority area for cooperation in 2026. He reiterated Japan’s support for Egypt’s humanitarian and diplomatic initiatives, affirming Tokyo’s readiness to contribute to regional stability through coordinated international action.
Source:Daily News Egypt
February 16, 2026 16:05 UTC
Egypt proposes Kenyan dam funding and urges consensus on Nile water rights
During talks in Nairobi with Kenyan Prime Minister and Foreign Minister Musalia Mudavadi, Abdelatty proposed that Kenya utilise a dedicated Egyptian funding mechanism for Southern Nile Basin projects. On the issue of water security, Abdelatty stressed the necessity of cooperation and integration among Nile Basin countries. He called for a return to “inclusivity” within the Nile Basin Initiative based on consensus and international law, while rejecting unilateral measures. Mudavadi said Kenya values dialogue and cooperation to serve the interests of all Nile Basin states. The Egyptian minister urged increased investment in agriculture, pharmaceuticals, energy, construction, and information technology.
Source:Daily News Egypt
February 16, 2026 15:23 UTC
Egypt launches elevator localisation programme with TMG, Schindler
Major General Mokhtar Abdel Latif, chairperson of the Arab Organisation for Industrialisation (AOI), inspected the first production units of the Arab-Swiss Elevator Company in Madinaty as part of a programme to localise elevator manufacturing in Egypt. The project is a collaboration between the AOI, Talaat Moustafa Group (TMG), and global firm Schindler to manufacture, assemble, and test elevator components for various real estate and housing projects in the country. Abdel Latif stated that the AOI supports the reliance on local industry and the maximisation of domestic components to achieve full local manufacturing and technology transfer. The Arab-Swiss Elevator Company remains committed to the established delivery schedule and all standard environmental and technical specifications, Abdel Latif added. He further noted the AOI’s focus on participating in national projects for the Ministry of Housing, state institutions, and the private sector.
Source:Daily News Egypt
February 16, 2026 15:23 UTC
Mandarin Oriental to manage TMG’s historic Winter Palace, Old Cataract hotels
Mandarin Oriental will manage the historic Winter Palace in Luxor and the Old Cataract in Aswan following comprehensive renovations, Talaat Moustafa Group (TMG) announced. The two iconic properties are scheduled to reopen under the Mandarin Oriental brand in 2027. Under the agreement, Mandarin Oriental will take over management of the Old Cataract Aswan in May 2026. Following extensive development, it is expected to reopen as the “Mandarin Oriental Old Cataract Aswan” in July 2027. The Winter Palace Luxor will also undergo a full redevelopment, with its reopening as the “Mandarin Oriental Winter Palace Luxor” also slated for July 2027.
Source:Daily News Egypt
February 16, 2026 15:10 UTC