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Egypt’s EGX30 Rallies as Broader Stocks Fall, Debt Selling Persists

Market Updates & Finance Mona Alameddine -
CAIRO, October 22 — Egypt's benchmark EGX30 extended its recovery on Wednesday, rising 1.47% to 52,854.95 points, but the...

PHP2Shell Triggers Global Cybersecurity Emergency as Websites Race to Patch

Technology Middle East Observer Staff -
Millions of attempted attacks, precautionary government shutdowns and AI-discovered software flaws expose the risks facing the global digital economy Critical...

Hapag-Lloyd Eyes More Suez Canal Services in Phased Return

Transport Middle East Observer Staff -
ISMAILIA, Egypt — German shipping group Hapag-Lloyd is considering restoring additional services through the Suez Canal as maritime security...

Egypt’s EGP11tn Deal Signals New Push to Turn State Assets into Growth

Economy Reham Walid -
CAIRO — Egypt signed an EGP11 trillion ($202 billion) agreement with Talaat Moustafa Group on Tuesday to develop four major...

EGX Rally Gains Institutional Support as Foreigners Sell Government Debt

Market Updates & Finance Mona Alameddine -
Egyptian equities extended their recovery on Tuesday, October 20, as the benchmark EGX30 rose 1.94% to 52,089.01 points and...

Maersk Targets Full Return to Suez Canal by March 2027

Transport MEO -
Danish shipping group Maersk aims to restore all its services through the Suez Canal by March 2027, as vessel...

El-Sisi’s Egypt Forum Puts Living Costs and Reform Plans Under Scrutiny

Life Style MEO -
CAIRO — President Abdel Fattah El-Sisi inaugurated Egypt Forum 2026 in the New Capital on Monday, launching a six-day...

Egypt Allocates Over 1 Million Sqm for Hurghada Tourism Projects

Tourism MEO -
CAIRO — Egypt's Tourism Development Authority (TDA) has approved 16 land allocations covering more than one million square metres...

Meta AI Agent Arranges Sale Without Owner’s Knowledge

Technology Reham Walid -
Meta's AI assistant Muse negotiated a keyboard sale, disclosed its owner's home address and arranged collection without notifying him,...
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Indonesia’s Danantara Plans SAR6bn Makkah Hospitality Investment

Tourism Middle East Observer Staff -
Indonesia’s sovereign investment fund Danantara has completed the acquisition of a hotel and 14 development plots in Makkah for approximately SAR2 billion ($533 million),...

EGX Rebounds Sharply as Bank IPO Faces Pricing Test

Market Updates & Finance Mona Alameddine -
Egyptian equities recovered sharply from an intraday sell-off on Monday, October 19, with the benchmark EGX30 rebounding nearly 1,478 points from its session low...

Egypt Raises Waste Collection Efficiency to 79% as Recycling Infrastructure Expands

Egypt Ahmed Fawzy -
Egypt has raised its municipal waste collection and transport efficiency to 79%, up from 55% in 2018, as the government expands recycling facilities, sanitary...

Top 10 This Month

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Egypt Offers 84 Investment Sites as Urban Expansion Shifts Towards Private Capital

Middle East Observer Staff -
CAIRO — Egypt has offered approximately 84 investment opportunities across its new cities this month, seeking to mobilise domestic...

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Egypt’s EGX30 Rallies as Broader Stocks Fall, Debt Selling Persists

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