CAIRO, 28th January, 2026 (WAM) — The UAE ranked as the largest destination for Egypt’s non-oil exports in 2025, reflecting the strength of bilateral economic and trade ties and the UAE’s role as a key hub for Egyptian products. Egypt’s Minister of Investment and Foreign Trade Hassan El Khatib said Egypt’s non-oil exports rose 17 […]
CAIRO, 15th January, 2026 (WAM) — The World Bank has forecast an improvement in Egypt’s economic growth in the coming period, supported by stronger exports and a recovery in economic activity. In a report released on Wednesday and announced by the Egyptian Cabinet, the World Bank said economic growth is expected to reach 4.3 percent […]
ABU DHABI, 19th December, 2025 (WAM) — Noatum Ports, the international ports operating arm of AD Ports Group, has signed a Memorandum of Understanding (MoU) with Al Dahra Agriculture – Egypt, to advance Egypt’s logistics infrastructure and further enhance its position as a regional hub for trade and supply chain solutions. Based on the MoU, […]
CAIRO, 15th December, 2025 (WAM) — AD Ports Group on Monday announced its intention to launch a cash Mandatory Tender Offer (MTO) to acquire an additional stake in Alexandria Container & Cargo Handling Company (ALCN), which would give it majority ownership and control of one of the largest container terminal operators in Egypt. The control […]
CAIRO, 12th November, 2025 (WAM) — Egyptian Prime Minister Mostafa Madbouly said the Central Bank of Egypt (CBE)’s announcement that the country’s foreign currency reserves have surpassed $50 billion assures international institutions as well as all investors of Egypt’s economic stability and reform progress. Speaking at a press conference following the Cabinet’s weekly meeting on […]
SHARJAH, 8th November, 2025 (WAM) — Famous Egyptologist Dr. Zahi Hawass has announced that a "new archaeological discovery" inside the Pyramid of King Khufu will be unveiled to the world in 2026. He explained that the “remarkable discovery” consists of a 30-metre-long corridor detected using advanced scanning technologies, which leads to a sealed door expected […]
CAIRO, 20th September, 2025 (WAM) – Egyptian Prime Minister Mostafa Madbouly announced on Saturday that industrial projects at the Qantara West Zone are expected to generate between $3 billion and $4 billion in annual export revenues once they become fully operational. Speaking at a press conference following the inauguration of several projects in the area—part […]
ABU DHABI, 10th September 2025 (WAM) — H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, today received Dr Badr Abdel Ati, Minister of Foreign Affairs and Migration of the Arab Republic of Egypt, in Abu Dhabi. The meeting discussed current regional developments and their implications for international peace […]
ABU DHABI, 6th September, 2025 (WAM) – The UAE reaffirmed its full support for the Arab Republic of Egypt, commending its ongoing efforts to stand with the Palestinian people, counter attempts to displace them, work towards achieving an immediate ceasefire, and alleviate the suffering of civilians. The UAE condemned the statements of Israeli Prime Minister […]
CAIRO, 29th August, 2025 (WAM) – The Central Bank of Egypt (CBE) Thursday announced a 200 basis point cut in interest rates during its Monetary Policy Committee meeting on Thursday 28/8/2025. The overnight deposit rate was reduced to 22%, the lending rate to 23%, and the main operation rate to 22.5%. The discount rate was […]
CAIRO, 27th August, 2025 (WAM) – The exploration operations in the North Lotus Deep-1 well in Egypt’s Western Desert yielded positive results, and it will add about 1,835 barrels of crude oil per day (b/d) and 7 million cubic feet of natural gas daily (mcf/d), which is equivalent to 3,100 barrels of oil equivalent (boe), […]
CAIRO, 17th August, 2025 (WAM) — H.H. Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah, Sunday visited Egypt’s Islamic Cultural Centre in Cairo’s New Administrative Capital. The centre spans an impressive 467,000 square meters. Upon his arrival, H.H. Sheikh Sultan was welcomed by Dr. Osama Al-Azhari, the Egyptian Minister of Awqaf, […]
