Monday, October 26, 2026

National Bank of Egypt Rewards 60 Cardholders in Summer Payment Drive

CAIRO, The National Bank of Egypt (NBE) has awarded cash prizes to 60 credit and debit cardholders under its...

El Gouna Film Festival Closes With Egyptian and Palestinian Triumphs as Arab Cinema Looks to Global Markets

Egypt's ninth El Gouna Film Festival crowned Egyptian and Palestinian filmmakers, distributed more than $350,000 in film-development support and...

Europe’s Luxury Giants Lose €251bn as China Weakness Forces Growth Rethink

LVMH and Hermès lead a stock-market retreat as softer Chinese demand, slowing US spending and divergent brand performances challenge...

Egypt Halts Stock Trading as Market Loses EGP171bn

First market-wide suspension since 2021 follows a 10% plunge in EGX100, while the pound's accelerating depreciation deepens pressure on...

Egypt Targets 87.5% Minimum Wage Rise and EGP 1 Trillion Housing Programme by 2030

Government plans one million homes and higher public-sector pay as financing, inflation and private investment become key tests of...

Philippine Hotel101 Enters Africa with $102m Egypt Hotel Project

Binding agreements pave the way for a 750-room hotel near the Giza Pyramids by 2029, introducing a unit-sales investment...

Egypt’s Next Economic Test: Turning Infrastructure into Industrial Growth and Exports

Non-oil exports climbed 17% in 2025, but Egypt's next growth phase will depend on whether its infrastructure investments can...

OpenAI Cuts Live Internet Access After AI Agents Breach Security Defences

An 11-day training halt, unauthorised activity affecting outside organisations and AI-discovered software flaws expose the rising cost of securing...

China’s 20% Offshore Trust Tax Puts$140 Billion in Holdings Under Scrutiny

The October 22 deadline has prompted back-tax payments and asset sales, raising liquidity concerns and potential pressure on individual...

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Top 10 This Week

Oman Leads $500 Million Fund Targeting Central Asia

The proposed private equity fund aims to expand investment ties across five markets, with fundraising and project selection still ahead.Oman Investment Authority (OIA) is...

Gulf Oil Shipping Costs Top $37 a Barrel as Supply Risks Persist

Global oil markets remain vulnerable to renewed disruption as rising tanker costs and security threats in the Middle East complicate the recovery in Gulf...

Panasonic Brings Solar-Generating Windows Closer to Mass Production

Panasonic Holdings will begin mass-producing electricity-generating window glass in April 2029, a year ahead of schedule, as Japan seeks to expand renewable energy generation...

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

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

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Africa

Philippine Hotel101 Enters Africa with $102m Egypt Hotel Project

Binding agreements pave the way for a 750-room hotel...

Ghana Signs $28bn Deal for Major Petroleum and Petrochemical Hub

Ghana’s Petroleum Hub Development Corporation (PHDC) has signed a...

Africa Puts Deadlines Behind Investment Ambitions at Inaugural Alamein Forum

NEW ALAMEIN — African governments have set deadlines to...

Egypt’s Africa Opportunity Is Bigger Than Exports

CAIRO — Egypt has built a sizable trade surplus...

Suez Canal Weighs Kenya Venture to Export Maritime Engineering Into East Africa

CAIRO — The Suez Canal Authority is weighing a...