He made the remarks during GAFI’s participation in the Egypt-Türkiye Business Forum, held under the theme “Economic Opportunities for a Strategic Partnership”. The forum brought together senior government officials and business leaders from both countries and was attended by around 400 Egyptian and Turkish companies, underscoring the depth of economic ties between Cairo and Ankara. He added that Egypt is translating positive economic indicators into tangible outcomes by offering bankable investment opportunities and fostering a business-friendly environment. This approach, he said, aims to generate genuine investment opportunities and support shared economic growth benefiting both the Egyptian and Turkish peoples. The forum was held as part of Egypt’s efforts—led by the Ministry of Investment and Foreign Trade and GAFI—to support economic partnership with Türkiye.

February 04, 2026 18:49 UTC

Trade exchange between Egypt and Türkiye rose to $6.8bn in 2025, up from $6.6bn in 2024, according to data released by the Central Agency for Public Mobilisation and Statistics (CAPMAS). Egyptian exports to Türkiye amounted to $3.2bn in 2025, compared with $3.4bn the previous year, while imports from Türkiye rose to $3.6bn from $3.2bn in 2024. CAPMAS said Egypt’s main exports to Türkiye during the year included ready-made garments worth $389m, plastics and articles thereof valued at $317m, electrical machinery and equipment worth $301m, iron and steel valued at $290m, and fertilisers worth $255.4m. Turkish investments in Egypt reached $175.1m in the 2024/2025 financial year, up from $165m in 2023/2024, while Egyptian investments in Türkiye rose to $74m from $54m over the same period, according to the agency. Remittances from Egyptians working in Türkiye increased to $69.7m in 2024/2025, compared with $32.3m a year earlier, while remittances from Turks working in Egypt rose to $11.1m from $9.4m.

February 04, 2026 18:33 UTC

Today, El Qassem returns with a new mini album, “Shou Helou”, a project rooted in optimism and designed to restore a sense of joy at a time when listeners are increasingly drawn to uplifting music. Why did you choose the title “Shou Helou” for your new mini album? “Shou Helou” is a very simple phrase, yet it carries a strong positive energy. The album also benefited from strong digital momentum—songs like “Shou Helou” and “Sanet Full” gained traction on TikTok and Instagram, helping me reach a new generation of listeners. I want to be remembered as an honest artist; someone who stayed faithful to his voice, his music, and his audience.

February 04, 2026 17:59 UTC

Hassan Abdalla, Governor of the Central Bank of Egypt, met with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), to discuss the progress of Egypt’s economic reform programme and the country’s latest macroeconomic indicators. The forum was organised by the UAE Ministry of Finance in collaboration with the AMF and the IMF as part of the 2026 World Governments Summit. Participants included Mohamed bin Hadi Al Hussaini, UAE Minister of State for Financial Affairs, as well as several Arab central bank governors, finance ministers, and representatives from regional and international financial institutions. The event aimed to review a decade of Arab fiscal dialogue and establish priorities for the coming period. Key areas of focus included fiscal reform, development finance, public spending efficiency, and the integration of digital transformation and advanced technologies in the management of financial institutions.

February 04, 2026 17:07 UTC

Egypt’s Minister of Water Resources and Irrigation Hani Sewilam met officials from the European Bank for Reconstruction and Development (EBRD) on Wednesday to discuss strengthening cooperation on water and sustainable infrastructure projects, the ministry said. According to the statement, discussions reviewed ongoing cooperation, including the rehabilitation of the Kitchener Drain, as well as projects under preparation, notably the upgrading of pumping stations across Egypt and the rehabilitation of the Rasheed coastal wall. Sewilam highlighted progress under the Kitchener Drain water quality improvement project, noting that required environmental studies have been completed, while dredging, weed removal and embankment rehabilitation works are currently underway. The ministry said several bridges along the drain have already been replaced or renovated, with further works in progress. In parallel, equipment is being procured to measure water flows and monitor water quality, with additional technical studies being conducted in coordination with the EBRD.

February 04, 2026 16:43 UTC





The International Finance Corporation (IFC) plans to invest around $1.2bn in Egypt during the current fiscal year 2026, up from $915m in the previous fiscal year, according to Cheick Oumar Sylla, IFC Director for North Africa and the Horn of Africa. He explained that IFC’s current investments in Egypt are distributed across several key sectors aligned with sustainable growth objectives. Infrastructure, renewable energy, and transport projects follow, collectively representing 32% of total investments and supporting Egypt’s long-term development needs. In addition to direct investments, the IFC provides advisory services valued at $27m to support strategic priority areas in Egypt. Green building initiatives make up 4% of advisory services, while programmes supporting gender equality account for 2%, highlighting the institution’s focus on inclusive and sustainable economic growth.

February 04, 2026 16:42 UTC

Egypt’s Minister of Health and Population Khaled Abdel Ghaffar met a delegation of Swedish healthcare company representatives, led by Sweden’s Minister for Health Elisabeth Laan, to explore ways to strengthen bilateral cooperation and expand healthcare and investment partnerships, the health ministry said. The meeting, held at the ministry’s headquarters in Egypt’s New Administrative Capital, underscored the depth of strategic relations between the two countries. Abdel Ghaffar expressed Egypt’s ambition to deepen collaboration with Sweden through technology transfer and the exchange of expertise to improve the quality of healthcare services. In addition, the two sides discussed cooperation opportunities in digital health, including unified electronic medical records, telemedicine solutions, AI-driven clinical decision-support tools, and frameworks for health data governance, security and sustainability. Senior officials from the Egyptian Drug Authority, the Unified Procurement Authority and the health ministry attended the meeting, according to the statement.

February 04, 2026 16:32 UTC

The Financial Regulatory Authority (FRA) held a coordination meeting with the Central Bank of Egypt (CBE) to discuss mechanisms for strengthening cooperation to raise financial inclusion levels and expand access to financial services, as well as to advance programmes supporting small businesses and the economic empowerment of women. Participants also reviewed strategies to advance financial inclusion by integrating financially excluded groups into the formal financial system, ensuring that financial services reach eligible beneficiaries efficiently and equitably. Women’s economic empowerment featured prominently, with discussions centred on facilitating women entrepreneurs’ access to finance and providing the technical and advisory support needed to establish and scale their businesses. The meeting further addressed financial awareness and education, highlighting the importance of strengthening efforts to raise awareness of financial rights and promote a culture of saving and safe investment. Representatives from the FRA and the CBE said the enhanced coordination aims to increase financial inclusion rates, broaden the base of beneficiaries, and strengthen financial awareness and literacy through data exchange, while safeguarding users’ rights, mitigating financial risks, and supporting Egypt’s vision of a digital and inclusive economy.

February 04, 2026 16:32 UTC

Rather, it signalled a deeper shift in how the United States is managing its relationships with its closest allies. While his warning to London remained largely political in tone, his message to Canada was unmistakably punitive. Within this framework, international relations are not measured by the depth of alliances but by immediate calculations of gain and loss. China, in Trump’s view, is not simply a rising economic competitor; it represents a structural threat to American dominance—across technological leadership, control of global supply chains, and even the rules governing international trade. The United States may extract short-term tactical concessions, but at the risk of undermining the trust that has sustained its alliances for decades.

February 04, 2026 16:32 UTC

The agreements cover projects in infrastructure, mining, as well as medical and development sectors, as part of broader efforts to strengthen economic cooperation between Egypt and African markets. Mohamed Atta Gad, Chairperson of MAG Group, said the company operates through an integrated economic model that combines mining, industry, logistics, trade, infrastructure, and food production. In the mining sector, Atta Gad said MAG Group signed an agreement with the Republic of Chad granting the company a concession to extract and develop economically valuable minerals. MAG Group said it has developed an integrated operating system covering land, sea, and air transport, supported by customs clearance, risk management, and cargo insurance services. MAG Group currently operates across Egypt, Sudan, Libya, Chad, several West African countries, Saudi Arabia, and the UAE.

February 04, 2026 16:07 UTC

Egyptian Finance Minister Ahmed Kouchouk announced on Tuesday that the ministry plans to issue two billion dollars in international bonds during the second half of the current 2025-2026 fiscal year. He added that favorable financing is available from long-term development partners on concessional terms, starting in the second half of this year. During the “Financial Technology Conference: The Road to Investment Inclusion,” Kouchouk said that this is part of the ministry’s plan to keep total issuances below four billion dollars annually, aiming to reduce the budget’s debt by approximately one to two billion dollars per year. The second half of the year will also see the issuance of retail bonds to citizens, broadening the investor base and diversifying the available instruments. Kouchouk added that private investment increased by 73 percent during 2025, explaining that the decline in inflation and the reduced risk level of Egyptian bonds issued abroad contributed to the increased demand.

February 04, 2026 14:53 UTC

In one small patch, nestled among the graves of Iranian soldiers killed by Israeli bombs last year, a handful of new graves marks security officers killed during the demonstrations. Relatives hum around the graves, many of them women clad in the black ankle-length chadors favored by Iranian conservatives. On some, a photo of a young man or smiling young woman looks out at the nearby carpet of gravestones. Rectangular slabs of stone mark graves in the Behesht-e Zahra cemetery in Tehran, on January 29, 2026. Flowers and petals are laid on graves in the Behesht-e Zahra cemetery, on January 29, 2026.

February 04, 2026 14:29 UTC

A tragic incident struck the village of Manshiyat al-Qanater in Giza on Wednesday after a woman and her two children died in a massive fire that engulfed their apartment. The Giza Civil Defense operations room received a report of a fire in a residential building within Manshiyat al-Qanater district. After extinguishing the fire, rescue teams discovered the bodies of the mother and her two young children, who had died from smoke inhalation and injuries sustained in the fire. The Public Prosecution in Giza ordered an investigation into the incident, assigning forensic experts to examine the fire site and determine its technical causes. It also authorized the burial of the bodies as soon as the forensic report is completed.

February 04, 2026 14:08 UTC

Prime Minister Mostafa Madbouly said that the State gives high priority to developing Upper Egypt governorates as part of Egypt Vision 2030, with the aim of achieving balanced growth and improving living standards across the country. These remarks came during a meeting to review the executive status of projects of the Upper Egypt Development Authority, attended by Local Development Minister and acting Environment Minister Manal Awad and the authority’s head Amr Abdel Moneim. During the talks, they reviewed completed projects delivered to ministries and governorates, cooperation with investors and government entities, and steps to promote investment opportunities through the authority’s new website. The authority also presented its newly prepared strategy, developed in coordination with the Institute of National Planning (INP), which focuses on supporting economic activity in Upper Egypt, encouraging private-sector participation, creating job opportunities, supporting small industries and handicrafts, and improving governance and financial sustainability. The strategy also targets support for the most needy areas and financial sustainability through diversified funding, alongside a pipeline of current and planned projects to support small industries, crafts, and export opportunities.

February 04, 2026 11:58 UTC

Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty discussed during his meeting on Tuesday, February 3, 2026, with Sudanese Minister of Foreign Affairs and International Cooperation Mohieldin Salem on ways to support efforts aimed at reaching a comprehensive settlement to the Sudanese crisis. He reiterated Egypt’s condemnation of the grave atrocities and violations witnessed in El Fasher and Kordofan, stressing Egypt’s full solidarity with the brotherly Sudanese people amid the severe challenges they are facing. He stressed the need for concerted regional and international efforts to support a comprehensive ceasefire and create conditions conducive to launching an inclusive political process that meets the aspirations of the Sudanese people for security, stability and development. He also underscored the importance of enhancing coordination and integration among existing regional and international tracks to resolve the Sudanese crisis, in order to achieve greater effectiveness and coherence. For his part, Salem expressed appreciation for Egypt’s supportive role toward Sudan and its people, commending Egypt’s political and humanitarian efforts, as well as its intensive relief and medical assistance to the Sudanese people.

February 04, 2026 11:58 UTC