Egyptian authorities have refloated the cruise ship “Courchette”, carrying 99 tourists of various nationalities after it ran aground in the Nile, opposite the dock of the Kom Ombo Temple in Aswan. River police and rescue units intervened to handle the incident, successfully returning the ship to its navigational channel while ensuring the safety of river …
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Islamabad —  Key Saudi ally Pakistan has confirmed it has troops stationed in the Gulf kingdom, as Iran-backed Houthi rebels in Yemen continue cross-border attacks with deadly assaults on airports. “The forces of Pakistan are already there. That I can share with you,” Lt. Gen. Ahmed Sharif Chaudhry told CNN in an exclusive interview on Wednesday, …
The post Pakistan confirms it has troops in Saudi as conflict with Yemen’s Houthi rebels escalates appeared first on Egypt Independent.

LIXIL Corporation (TSE: 5938) announced that its “Sanitarina 61” — Japan’s first domestic shower toilet launched in 1967 — has been recognised with an IEEE Milestone designation by the Institute of Electrical and Electronics Engineers.   The designation, which acknowledges global breakthroughs such as the compact disc and Wi-Fi, also jointly recognises Toyo Toki (now […]

Arab African International Bank (AAIB) has obtained the latest version of the Payment Card Industry Data Security Standard (PCI DSS v4.0.1) certification, a move aimed at protecting customer payment data and strengthening the security of card transactions, the bank announced.   Securing the PCI DSS v4.0.1 certification required the implementation of a comprehensive set of […]

There are no signs for it, no manual, no test to pass, but every driver in Cairo knows the rules of the road that matter most are the ones nobody wrote down.  A honk means “move, I am coming through”. A raised hand means “sorry”. An arm out the window means “I’m turning, whether the blinkers are on or not”. A microbus barreling toward you means, more often than not, “get out of the way.” “Driving in Cairo requires arrogance, entitlement and a bit of lawlessness,” explained Mohamed Mahmoud, a 34-year-old operations manager.  Adapting is mandatory Traffic laws only work if enough people follow them, and in Cairo, the majority do not. Mahmoud noted that following the rules among so many others who do not “will slow you down.” “To get to your destination, you need to adapt,” he shared. The pressure to keep moving is even measurable.  In 2025, Cairo recorded an average congestion level of 40.5 percent, with drivers losing about 74 hours to rush-hour traffic over the year, according to the multinational company TomTom’s Traffic Index, which offers real-time traffic data. Nehal Raafat, 29, a marketer, toldContinue reading "Driving in Cairo Runs on Power, Fear and Flashing Lights"
The post Driving in Cairo Runs on Power, Fear and Flashing Lights first appeared on Egyptian Streets.

Banque du Caire announced its plans on 11 October to sell 30 percent of its capital to the public, a long-anticipated move on the Egyptian Exchange that has been repeatedly postponed for years, according to an official statement from the bank. Banque Misr, the state-owned lender that holds the shares, will sell about 4.7 billion of them. The offering will be split into two tranches for qualified institutional investors and another for retail investors in Egypt. The subscription is expected to take place in late October or early November, pending approval from regulators, including the Financial Regulatory Authority. CI Capital, an Egyptian investment bank, will manage and coordinate the offering. EFG Hermes was selected to handle marketing and underwriting and will serve as lead manager and global coordinator. Baker McKenzie was appointed legal adviser to both banks on U.S. and English law, while Helmy, Hamza & Partners will advise on Egyptian law. The announcement ends a delay of roughly 19 years, which stemmed from disputes over valuation and, at times, the government’s reluctance to sell. In June 2025, the government tried to sell the bank to a strategic investor, butContinue reading "Banque du Caire to Offer 30% Stake to Public in Long-Awaited Listing"
The post Banque du Caire to Offer 30% Stake to Public in Long-Awaited Listing first appeared on Egyptian Streets.

Saudi Arabia and the United Arab Emirates (UAE) have increased crude oil exports as shipments through the Strait of Hormuz recover, with both countries seeking to regain market share lost during the Iran war, according to data from analytics firm Kpler cited by Reuters on October 8. Crude oil exports through the Strait of Hormuz […]
The post Saudi Arabia, UAE Increase Oil Exports as Hormuz Shipments Recover first appeared on Egypt Oil & Gas.

Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi urged continued investment in oil and natural gas exploration, production and infrastructure to bolster energy security during the 17th ministerial meeting of the International Energy Forum (IEF) in Riyadh, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR). Badawi stressed that energy […]
The post Badawi Urges Sustained Oil and Gas Investment to Safeguard International Energy Supply first appeared on Egypt Oil & Gas.