Egyptian, Jordanian FMs call for international stability force in Gaza under Trump ceasefire plan
Egypt and Jordan on Saturday called for the deployment of an international stability force in the Gaza Strip and the formation of a Palestinian technocratic committee to manage the territory under the framework of US President Donald Trump’s ceasefire plan. In a telephone call between Egyptian Foreign Minister Badr Abdelatty and Jordanian Deputy Prime Minister and Minister of Foreign Affairs Ayman Safadi, the two ministers emphasised the necessity of adhering to the ceasefire and implementing its terms in full. The discussion coincided with Abdelatty’s departure to Jeddah on Saturday to participate in an extraordinary session of the Organisation of Islamic Cooperation (OIC) Council of Foreign Ministers. During their talks, Abdelatty and Safadi expressed their “complete rejection” of Israel’s recognition of Somaliland. Regarding Lebanon, the diplomats called for an immediate end to Israeli attacks and reaffirmed their support for Lebanese sovereignty and national institutions.
Source:Daily News Egypt
January 10, 2026 17:07 UTC
Madbouly reviews progress of major healthcare projects in Cairo, Giza
During the visit, Madbouly inspected a number of major hospitals in Cairo, including Dar Al Salam Oncology Hospital (formerly Harmal Hospital), Bulaq Abu El-Ela General Hospital, and Nasser Institute Hospital. The tour also covered Om Al-Masryeen General Hospital and Bulaq El-Dakrour General Hospital in Giza. “The government is exerting maximum efforts, in cooperation with the private sector, to secure the resources needed to improve healthcare services and ensure the financial and operational sustainability of new projects, while continuing to upgrade existing facilities,” Madbouly said. Madbouly noted that many of the hospitals currently undergoing redevelopment have been operating for decades without major upgrades. Madbouly emphasised the importance of maintaining uninterrupted healthcare services during redevelopment works and reiterated the government’s commitment to accelerating project completion to ensure upgraded facilities are brought into operation as swiftly as possible.
Source:Daily News Egypt
January 10, 2026 17:07 UTC
Egypt backs African Medicines Agency, pushes for continent-wide regulatory integration
The Egyptian Drug Authority (EDA) said its chairperson, Ali El-Ghamrawy, participated in a virtual meeting of the African Medicines Agency (AMA) aimed at strengthening regulatory cooperation and integration across the continent. During the meeting, El-Ghamrawy reaffirmed Egypt’s full support for the operationalisation of the agency, underscoring the importance of continent-wide collaboration to harmonise regulatory oversight and ensure the quality, safety and efficacy of medicines, according to an EDA statement. El-Ghamrawy stressed that exchanging regulatory expertise among African authorities is essential to developing a robust continental regulatory system. Such cooperation, he said, would enhance technical capacities, harmonise regulatory practices, and strengthen public confidence in medicines across Africa. Heads of African medicines regulatory authorities, or their representatives, took part in the meeting, the statement added.
Source:Daily News Egypt
January 10, 2026 17:07 UTC
Annual urban inflation in Egypt stabilises at 12.3% in December 2025
The Central Agency for Public Mobilisation and Statistics (CAPMAS) announced that the annual inflation rate in Egypt’s urban areas stabilised at 12.3% in December 2025, unchanged from November. Food prices lead disinflationCAPMAS attributed the decline in annual inflation primarily to lower prices across several key expenditure groups. CAPMAS noted that monthly inflation for the overall Republic rose by 0.1% in December 2025. Monetary policy outlookThe inflation data comes after the Monetary Policy Committee (MPC) of the Central Bank of Egypt cut its key policy rates by 1% at its final meeting of 2025. The committee is scheduled to hold eight meetings in 2026 to review the outlook for key policy rates.
Source:Daily News Egypt
January 10, 2026 17:07 UTC
Egypt orders expedited irrigation works, livestock grants for Aswan farmers
Egypt’s planning and agriculture ministers have ordered the immediate resolution of obstacles facing small farmers in Aswan, directing the rapid completion of irrigation projects and the distribution of livestock and poultry grants to rural households. Minister Alaa Farouk directed the executive director of the SAIL project to allocate a specific package of development projects for Wadi Al-Sa’aydah residents. The project is designed to treat drainage water issues that negatively impact agricultural sustainability and aims to restore land productivity. Al-Mashat also referred to the recently launched National Narrative for Comprehensive Development, which focuses on identifying the comparative advantages of each governorate and localising economic development. Mohamed Abdel Kader, Country Director for the International Fund for Agricultural Development (IFAD), described the SAIL project as a “pioneering experience” in the agricultural transformation of new lands.
Source:Daily News Egypt
January 10, 2026 17:07 UTC
EU to disburse €1bn to Egypt as Al-Sisi, Kallas reaffirm strategic partnership
The European Union will disburse €1bn in macro-financial assistance to Egypt to support its economy and reform agenda, EU High Representative for Foreign Affairs and Security Policy Kaja Kallas said, stressing that Egypt “is and will remain a strategic partner” for the bloc, with a pivotal role in regional security and stability. Kallas made the remarks following talks with Egyptian President Abdel Fattah Al-Sisi in Cairo, welcoming the resumption of high-level engagement after what she described as a successful first EU–Egypt summit held in October. The assistance forms part of the EU’s Macro-Financial Assistance (MFA) programme for Egypt, announced in March 2024 within the framework of a comprehensive strategic partnership aimed at supporting economic stability and accelerating structural reforms. The total EU support package amounts to €7.4bn for the 2024–2027 period, including €5bn in MFA and budget support, €1.8bn in guarantees and private-sector investment mobilisation, and €600m in development grants. Kallas noted that the EU looks forward to launching the first formal Egypt–EU security and defence dialogue in March 2026, underscoring the growing depth of cooperation between the two sides.
Source:Daily News Egypt
January 10, 2026 16:41 UTC
Banking sector’s local liquidity rises to EGP 13.85trn in November 2025
Non-government local currency depositsThe CBE also disclosed that non-government local currency deposits at banks operating in the domestic market increased to EGP 9.4trn in November 2025, compared with EGP 9.264trn in October. According to the report, local currency demand deposits rose to EGP 2.326trn, up from EGP 2.250trn in the previous month. Of this total, the public business sector accounted for around EGP 102.112bn, the private business sector for EGP 1.249trn, and the household sector for EGP 974.573bn. The public business sector held around EGP 63.909bn of these deposits, the private business sector EGP 372.930bn, while households accounted for the largest share at EGP 6.637trn. The public business sector’s share stood at the equivalent of EGP 149.619bn, the private business sector at EGP 512.357bn, while households accounted for the largest portion, with deposits equivalent to around EGP 1.6trn.
Source:Daily News Egypt
January 10, 2026 16:10 UTC
Egypt’s net international reserves rise by $4.3bn in 2025
Egypt’s net international reserves increased by approximately $4.343bn during 2025, reaching $51.452bn by the end of December, compared to $47.109bn at the end of December 2024, according to data released by the Central Bank of Egypt (CBE). Egypt’s foreign reserves comprise a diversified basket of major international currencies, including the US dollar, the euro, the British pound sterling, the Japanese yen and the Chinese yuan. Indicator of financial safety and monetary stabilityBanking expert Shaimaa Wagih said developments in Egypt’s net net international reserves reflect deeper structural shifts in the economy and its capacity to adapt to global changes. Wagih stressed that net international reserves are not merely a stockpile of currencies, but constitute the economy’s first line of defence in times of crisis. She concluded that the rise in net net international reserves sends a positive signal regarding the resilience of Egypt’s monetary policy and the economy’s ability to withstand global volatility.
Source:Daily News Egypt
January 10, 2026 16:10 UTC
The Egyptian Pound in 2026: A Delicate Balance between Support and Resistance
The outlook for the Egyptian pound in 2026 is shaped by a complex interplay of supportive forces and resistance factors, creating a landscape rich in opportunity but fraught with risk. These measures fundamentally restructured Egypt’s foreign exchange market, restored confidence in the national currency, and laid the foundations for relative exchange rate stability throughout 2025. During the first ten months of 2025, remittances reached a record $33.9bn, providing a critical and stable source of foreign currency. Total repayments—principal and interest—are estimated at around $32.3bn, generating sustained demand for foreign currency whenever obligations fall due. The Egyptian pound enters 2026 with a rare and valuable opportunity to consolidate stability.
Source:Daily News Egypt
January 10, 2026 16:09 UTC
Trump’s Greenland ambitions threaten to freeze EU-US trade deal amid Arctic standoff
In the wood-panelled corridors of the European Parliament, a long-simmering trade truce between Brussels and Washington is beginning to crack, chilled by the winds blowing from the far north. By next Tuesday, a coalition of European lawmakers hopes to have enough signatures to force a total freeze on the trade deal. A recent video conference between the foreign affairs committees of the Danish and Greenlandic parliaments ended in a bitter row. As negotiators prepare to meet in Brussels this Wednesday to determine the fate of the trade deal, the shadow of the Arctic looms large. Whether the European Parliament agrees to step aside, or uses its trade might as a shield, remains the defining question of the new transatlantic winter.
Source:Daily News Egypt
January 10, 2026 16:09 UTC
Iran protests 2026: Military deploys as economic crisis grips Tehran
By Saturday morning, the Iranian military formally entered the fray. It is the clearest signal yet that the state is shifting from a police response to a military footing as it struggles to contain a crisis born of economic collapse. The economic reality is stark: 20 million Iranian families have fallen into poverty over the last five years. In the month following Israeli strikes on Iran, the prices of rice and baby milk jumped by up to 30%. Mismanagement has also led to a water crisis and regular power cuts, despite Iran possessing some of the world’s largest oil and gas reserves.
Source:Daily News Egypt
January 10, 2026 16:09 UTC
Egypt stresses importance of moving to next phase arrangements in Gaza
Egypt on Friday emphasized the importance of moving to the next phase of arrangements in the Gaza Strip, including the announcement of forming a temporary Palestinian technocratic committee to manage the daily affairs of citizens, and establishing an international stabilization force. Abdelatty stressed the rejection of any practices that would undermine the unity of the Palestinian territories or divide Gaza Strip. Palestinian Vice President Hussein al-Sheikh received Mladenov at his office in Ramallah on Friday. Mladenov met with Israeli President Isaac Herzog, wherein Herzog’s office reported that the meeting addressed political developments related to post-war arrangements and the expected role of the Peace Council in overseeing a transitional phase in the Gaza Strip. Netanyahu’s office stated that the prime minister insisted on two fundamental conditions – the disarmament of Hamas and the demilitarization of Gaza.
Source:Egypt Independent
January 10, 2026 11:52 UTC
Egypt, Cyprus discuss natural gas interconnection
Badawy emphasized that Egypt’s participation in this event reflects the strength of the robust ties between Egypt and Cyprus. Partnering in regional natural gas interconnection between the two countries is at the forefront of cooperation areas and has witnessed continuous progress recently, he added, successfully transforming interconnection ideas and projects into agreements and practical steps. Strong tiesOn the sidelines of the celebration, Badawy met with his Cypriot counterpart, Michalis Damianos, where they affirmed their support for continuing joint integrated work within energy and natural gas resource development to achieve shared interests. The Egyptian delegation also met with officials from the Ministry of Energy, Commerce and Industry of the Republic of Cyprus in Nicosia, as part of ongoing coordination and joint efforts between working groups from both sides to expedite the implementation of agreed-upon natural gas projects. Strategic cooperation was discussed to advance priority joint projects, including linking Cypriot gas fields to Egyptian infrastructure and facilities for re-export via Egypt to European markets.
Source:Egypt Independent
January 10, 2026 11:12 UTC
Aid to Gaza falls short of people’s needs, UNRWA warns
The Commissioner-General of the United Nations Relief and Works Agency for Palestine Refugees (UNRWA), Philippe Lazzarini, warned on Friday that aid to the Gaza Strip remains insufficient in meeting the needs of the population. According to the Palestinian News Agency on Thursday, Lazzarini added that despite the three-month ceasefire, humanitarian aid is still inadequate. Cold weather conditions are adding to the suffering of a population already exhausted by a brutal two-year war, he said, with its accompanying destruction, killing, and forced displacement, reiterating that current aid is still insufficient to cover basic needs. Edited translation from Al-Masry Al-Youm
Source:Egypt Independent
January 10, 2026 10:27 UTC
Car crash at Upper Egypt leaves 11 dead, 9 injured
Eleven people were killed and nine others were injured on Friday evening during a collision between a pickup truck carrying quarry workers and a truck on the Eastern Desert Road in Minya Governorate, Upper Egypt. Authorities received a report of the accident from the emergency operations room, and 11 ambulances, along with security personnel, were immediately dispatched to the scene. The injured were transported to Minya Chest Hospital for treatment, and the bodies were taken to the hospital morgue. A report was filed and the Public Prosecution was notified to begin its investigations.
Source:Egypt Independent
January 10, 2026 09:46 UTC