From Zambia to Tunisia: African neurologists chart renaissance despite chronic underfunding
Behind these headline figures lies a more complex reality in Africa, where nearly four-fifths of the global neurological burden is borne by countries with the fewest neurologists, laboratories, and research networks. African neuroscience research was shown to account for only 3.8% of global health publications, and only one country on the continent was identified as having formal government funding dedicated specifically to brain-health research. “These indicators reveal a structural imbalance in how the world’s health resources are allocated,” said Mohamed Salama, professor of global health and human ecology at the American University in Cairo. New collaborations among universities in Kenya, Tunisia, and Zambia have been associated with increased research output. Only a third of African countries are currently reported to allocate a dedicated budget line to neurology, yet signs of change are emerging.
Source:Daily News Egypt
December 21, 2025 18:47 UTC
Remittances from Egyptians abroad hit $33.9bn in 10M of 2025: CBE
Remittances from Egyptians working abroad recorded unprecedented inflows during the first 10 months of 2025, reaching approximately $33.9bn, compared with around $23.7bn in the same period of the previous year, the Central Bank of Egypt (CBE) announced on Sunday. On a monthly basis, remittances rose by 26.2% year-on-year in October, reaching about $3.7bn, up from nearly $2.9bn in October 2024, according to the CBE. He stressed that remittances represent one of Egypt’s most important sources of foreign currency, particularly amid the economic pressures resulting from regional and global crises. Meanwhile, prominent banking expert Mohamed Abdel Aal described remittances from Egyptians abroad as “Egypt’s inexhaustible mine,” noting that they significantly exceed the value of gold holdings within the country’s foreign exchange reserves. He concluded that remittances from Egyptians abroad are not merely balance-of-payments figures, but a strategic national asset whose annual value and reliability surpass those of even the most precious metals held in the country’s vaults.
Source:Daily News Egypt
December 21, 2025 18:16 UTC
Sovereignty and synergy: Egypt maps a new path for African integration
On Sunday, Foreign Minister Badr Abdelatty welcomed South African Deputy Foreign Minister Tandi Moraka in a meeting that served as a bookend to a series of high-level talks. In South Africa, the momentum is already tangible. Egypt is actively lobbying international partners for sustainable funding for the African Union Support and Stabilisation Mission in Somalia (AUSSOM), while rejecting “destructive policies” that threaten regional sovereignty. Abdelatty emphasised a return to inclusivity within the Nile Basin Initiative, while firmly rejecting unilateral measures in the Eastern Nile. For Cairo, the pivot to Africa is no longer a diplomatic choice, but a strategic necessity for the decades to come.
Source:Daily News Egypt
December 21, 2025 17:51 UTC
CBE hosts seminar on regulatory developments with African central banks
The Central Bank of Egypt (CBE) recently organized a seminar on “Current and Emerging Regulatory Developments”, attended by representatives from approximately 23 African central banks, members of the Association of African Central Banks (AACB). The event underscores Egypt’s leading role in fostering cooperation and knowledge exchange among African financial institutions. Tarek El Kholy, Deputy Governor of the CBE, said, “We always welcome cooperation and exchange of expertise with our brethren from African central banks to enhance work efficiency in all relevant specialties. This seminar marks the first in-person participation of African central bank representatives after a period of virtual-only sessions since 2021. These seminars have played a vital role in fostering expertise exchange among professionals in banking supervision and oversight across African central banks, strengthening the region’s ability to address emerging regulatory challenges.
Source:Daily News Egypt
December 21, 2025 17:46 UTC
Egypt taps private sector to manage state textile plants following multi-billion EGP investment
Egypt is enlisting private sector firms to manage and operate state-owned textile factories following the expenditure of billions of Egyptian pounds on development projects, Prime Minister Mostafa Madbouly said on Sunday. He described the textile sector as a “strategic national industry” and a cornerstone of the Egyptian economy. Meanwhile, the development of the Upper Egypt Spinning and Weaving Company in Minya has recorded a 71% completion rate. Works are also complete at the Dakahlia Spinning and Weaving Company. These efforts are intended to enhance product quality, increase production rates, provide sustainable employment, and grow the volume of exports.
Source:Daily News Egypt
December 21, 2025 17:46 UTC
Egypt jumps 47 places in World Bank’s Digital Government Index, ranks 22nd globally
Egypt has climbed 47 places in the World Bank’s 2025 Digital Government Maturity Index, ranking 22nd globally and consolidating its position among the world’s leading digital governments in Category (A), the index’s highest tier. Egypt achieved a maturity score of 0.911 out of 1, a marked improvement from its 69th-place ranking and score of 0.751 in the previous edition published in 2022. The digital government service delivery pillar recorded a score of 0.962, up from 0.795, while digital participation and citizen engagement improved substantially to 0.896 from 0.626. Commenting on the results, Minister of Communications and Information Technology Amr Talaat said Egypt’s advancement reflects the success of the Digital Egypt strategy and the Ministry’s efforts to accelerate digital transformation and build an effective digital government ecosystem. Talaat said these efforts focus on automating government processes and services, expanding digital services through the Digital Egypt platform, promoting the use of modern technologies across government workflows, and providing technical support for platforms that enhance citizen engagement.
Source:Daily News Egypt
December 21, 2025 17:46 UTC
Egypt, UAE explore expanded cooperation in civil aviation
Egypt’s Minister of Civil Aviation, Sameh Elhefny, received on Sunday Hamad Obaid Al-Zaabi, the newly appointed Ambassador of the United Arab Emirates (UAE) to Egypt, at the ministry’s headquarters to discuss ways to strengthen bilateral cooperation in the civil aviation sector. Elhefny welcomed the UAE ambassador and wished him success in his new role, underscoring the deep-rooted historical and fraternal relations between Egypt and the UAE, which continue to grow across a wide range of sectors. The meeting focused on enhancing joint cooperation, particularly in increasing air traffic, advancing aviation training and capacity building, and exchanging technical and operational expertise. The minister also outlined the Ministry of Civil Aviation’s ongoing efforts to modernize Egypt’s civil aviation sector, in line with national priorities aimed at improving service quality, safety standards, and operational efficiency. For his part, Ambassador Al-Zaabi expressed pride in representing the UAE in Egypt and praised the strong ties between the two nations and their peoples.
Source:Daily News Egypt
December 21, 2025 17:46 UTC
Investment Minister explores sustainable energy cooperation with US-based Power Edison
Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, met with Shihab Kuran, Founder and CEO of the US-based company Power Edison, to discuss potential collaboration in sustainable energy solutions. He highlighted the country’s strong capabilities and competitive advantages, which position Egypt to become a regional energy hub. “Egypt aims to enhance the utilization of sustainable energy resources, with a particular focus on solar energy,” El-Khatib said. He further stressed that Egypt’s economic strategy prioritizes a leading role for the private sector, while the state focuses on coordination and facilitation. He highlighted Power Edison’s readiness to collaborate with Egypt on regional projects, including initiatives related to the reconstruction of Gaza.
Source:Daily News Egypt
December 21, 2025 17:46 UTC
HDP signs agreement with EPower to operate electricity, water networks across its projects
Housing and Development Properties (HDP), the real estate arm of Housing & Development Bank, has signed a cooperation agreement with EPower to manage, operate, and maintain electricity and water networks across several of its residential developments. The agreement aims to ensure the efficient operation of utility infrastructure and enhance service continuity across HDP’s projects. Under the agreement, EPower will be responsible for the operation and maintenance of medium- and low-voltage electricity distribution networks, in addition to managing water supply services. The agreement covers seven HDP developments, including Club Hills, Westview, and Terrace in West Cairo; Tadla, Square One Exclusive Residences, and The Gray in East Cairo; and The Island project at Marina 5 on the North Coast. EPower will also provide technical and after-sales support across all covered projects.
Source:Daily News Egypt
December 21, 2025 17:24 UTC
Unified real estate contract difficult to enforce; developer classification seen as more effective solution
Tarek Shoukry, Head of the Real Estate Developers Chamber at the Federation of Egyptian Industries (FEI), said that enforcing a single, standardized real estate contract across all projects would be difficult both practically and legally, given the diversity of the market. Shoukry explained that variations in project types, locations, development models, and developer capabilities make a one-size-fits-all contractual framework unworkable. Instead, he argued that a balanced contract model—one that clearly defines the rights and obligations of both developers and buyers—would offer a more realistic and effective solution. “The priority is ensuring clarity, accountability, and protection for all parties involved.”He added that the Real Estate Developers’ Federation is expected to play a central role in regulating the market through the introduction of a strict developer classification system. He cited the FAR/BAR contract used in the U.S. as an example of a model that ensures fairness and enforceability.
Source:Daily News Egypt
December 21, 2025 17:16 UTC
ZAYA Developments launches HOM residential project in 6th of October City
ZAYA Developments has officially launched its new residential project, HOM, in 6th of October City, as part of the company’s expansion strategy in West Cairo. The HOM development spans 24 feddans and will deliver approximately 400 residential units in its first phase, with unit sizes ranging from 60 to 170 square meters. ZAYA is targeting EGP 1.5bn in sales during this phase, supported by flexible payment plans extending up to 10 years. This was followed by several developments, including La Castle 1–9, Roudy, and One Three One, making the launch of HOM a natural continuation of the company’s growth trajectory. Mohamed Gamal, Chief Commercial Officer at ZAYA Developments, noted that the HOM project reflects the company’s broader strategy focused on execution quality, financial discipline, and a clear operational model.
Source:Daily News Egypt
December 21, 2025 17:16 UTC
Al Oula signs cooperation protocol with Housing Ministry to bridge financing gap for mid-income units
Al-Tameer Mortgage Finance Company (Al Oula) has signed a cooperation protocol with the New Urban Communities Authority (NUCA) to support Egypt’s mortgage finance system and expand access to housing finance for customers seeking to purchase units owned by the Authority. He explained that the protocol targets a long-standing gap in Egypt’s real estate market, particularly for mid- and lower-cost housing segments that fall outside government-backed mortgage programs. Under the agreement, Abdel Hameed noted, the Ministry of Housing will act as both developer and seller, while mortgage finance companies will provide financing in accordance with prevailing free-market lending regulations. Abdel Hameed described the targeted segment as the “missing link” between subsidized social housing and higher-priced middle- and upper-middle income units developed by private real estate companies. The cooperation protocol is expected to broaden access to mortgage finance for a wider base of homebuyers and contribute to improving housing affordability across Egypt’s real estate market.
Source:Daily News Egypt
December 21, 2025 17:16 UTC
MADKOUR Developments enters Egyptian market with first project in New Capital
Hesham Madkour, Vice President of MADKOUR Holding, said the group’s long-standing commitment to quality and execution excellence forms the foundation of MADKOUR Developments’ strategy as the group’s real estate arm. Madkour highlighted that MADKOUR Holding has executed national infrastructure projects for more than two decades, achieving annual business volumes exceeding $1bn. Ahmed Attia, CEO of MADKOUR Developments, said the company has adopted a structured and disciplined entry strategy, drawing on MADKOUR Holding’s technical, engineering, and administrative expertise. He noted that offering finished buildings reflects MADKOUR Developments’ commitment to transparency and investor confidence, allowing buyers and tenants to clearly assess the product from the outset. Founded by Mostafa Madkour, MADKOUR Holding operates across infrastructure, energy, industrial projects, and residential community management.
Source:Daily News Egypt
December 21, 2025 17:16 UTC
Vertex Technologies sponsors MCIT job fair to support youth employment and outsourcing talent
Vertex Technologies participated as an official sponsor of a job fair organized by the Ministry of Communications and Information Technology (MCIT), reinforcing its commitment to youth empowerment and the development of digital and outsourcing talent in Egypt. The job fair aims to connect fresh graduates and job seekers with real market needs, while highlighting career opportunities across the information technology sector. Vertex Technologies’ participation aligns with the government’s broader strategy to strengthen the IT industry and enhance its contribution to economic growth. During the visit, Safrata highlighted Vertex Technologies’ ambitious expansion plans and emphasized the continued support provided by government institutions. In parallel, Vertex Technologies organized a series of workshops focusing on in-demand technical skills and effective career-building pathways.
Source:Daily News Egypt
December 21, 2025 16:51 UTC
King Thutmose II tomb among top 10 archaeological discoveries of 2025
The tomb of King Thutmose II has been named one of 2025’s top 10 archaeological discoveries worldwide, according to the American magazine “Archaeology”. It is the first royal tomb to be found from the 18th Dynasty since the discovery of King Tutankhamun’s tomb in 1922. The Secretary-General of the Supreme Council of Antiquities, Mohamed Ismail Khaled, said that this selection is further confirmation of the exceptional value of Egyptian archaeological discoveries and Egypt’s leading archaeological position. A grand discoveryThe tomb of King Thutmose II was discovered by a joint Egyptian-British archaeological mission from the Supreme Council of Antiquities and the New Kingdom Research Foundation during excavations and archaeological studies in the Theban Mountains, west of Luxor. However, with the completion of the excavations, the mission uncovered new and decisive archaeological evidence that identified the tomb’s owner as none other King Thutmose II himself.
Source:Egypt Independent
December 21, 2025 16:26 UTC