Any hope that a more conciliatory President Donald Trump might appear at this year’s NATO summit has evaporated. It was always a long-shot that a leader who spent the last five months castigating US allies for not helping more with Iran would arrive in Ankara in a pleasant mood. He had already said he was …
The post A furious Trump dashes hopes for a friendly NATO summit appeared first on Egypt Independent.

The United States’ decision to reimpose penalties on sales of Iranian oil is a serious knock to Tehran, which had hoped for an economic windfall following decades of American sanctions. The temporary sanctions waiver removed penalties on foreign investors buying Iran’s oil. It was a key concession by the US, made in exchange for Iran …
The post The US has reimposed Iran’s oil sanctions. What does that mean for Tehran? appeared first on Egypt Independent.

Elevator and escalator manufacturer KONE and Egyptian industrial manufacturing company Arab International Optronics (AIO) have signed a strategic letter of intent to collaborate on smart mobility and sustainable infrastructure projects in Egypt. The signing ceremony was attended by Egypt’s Minister of Industry Khaled Hashem and Finland’s Ambassador to Egypt Riikka Eela. The agreement establishes a […]
The post KONE and Arab International Optronics sign agreement to develop sustainable urban infrastructure in Egypt first appeared on Dailynewsegypt.

Egyptian Prime Minister Mostafa Madbouly met with Jassem Al Zaabi, Chairperson of Modon Holding, to review progress on the implementation of the Ras El Hekma megaproject on Egypt’s northwestern Mediterranean coast. The meeting, held at the government headquarters in the New Administrative Capital, focused on the latest developments in the flagship urban development project and […]
The post PM Madbouly reviews progress of Ras El Hekma megaproject with Modon Holding first appeared on Dailynewsegypt.

For years, an imported handbag or a bottle of Korean hair serum was the reflexive marker of status for Egyptian aspiring shoppers. Nowadays, across fashion racks, skincare shelves and TikTok feeds, Egyptians are increasingly reaching for labels made a few miles from home rather than flown in from Paris or Dubai, and the shift is remaking the country’s retail economy from the ground up. By 2032, Egypt’s beauty and personal care market is projected to reach USD 1.57 billion (EGP  77.75 billion), up from USD 900 million (EGP 44.57 billion) in 2025. Domestic players like the skincare brand Nefertari reported a 35 percent growth in 2024 alone, and homegrown formulator Beesline is carving out an 8 to 10 percent share of the organic segment, according to Home & Personal Care Middle East & Africa magazine.  Meanwhile, the country’s e-commerce market is on track to hit USD 14.9 billion (EGP 740.2 billion) in 2028, the Egypt Ecommerce Market Opportunities Databook 2024 by Research and Markets, a global market analysis company, reports. The price of buying foreign The clearest driver is economic, as Egypt’s currency devaluations in recent years have made importedContinue reading "Local Brands Storm Egypt’s Retail Scene"
The post Local Brands Storm Egypt’s Retail Scene first appeared on Egyptian Streets.

Gihan Zaki resigned from her position as Egypt’s minister of culture after a final court ruling ordered her to pay compensation in an intellectual property dispute involving writer Soheir Abdel Hamid. The case centered on a biography of Egyptian aristocrat Kout El Kouloub, with the court ruling that Zaki had violated the intellectual property rights of writer Soheir Abdel Hamid in the publication of the work. In a statement issued on Tuesday, 7 July, the Ministry of Culture said Zaki had submitted her resignation to Prime Minister Mostafa Madbouly “out of respect for the judiciary and to avoid embarrassment for the government” over what she described as a personal matter. According to the ministry, Zaki said she respects the rulings of the Egyptian judiciary and would continue to pursue all legal avenues available to her, including appeals and reconsideration requests permitted under the law. Madbouly accepted the resignation and thanked Zaki for her efforts during her tenure, wishing her success in her future endeavors, the statement added. The resignation follows a final ruling by the Economic Court ordering Zaki to pay EGP 100,000 (USD 2,000) in compensation to Abdel HamidContinue reading "Egypt’s Culture Minister Resigns Following Court Ruling in Copyright Dispute"
The post Egypt’s Culture Minister Resigns Following Court Ruling in Copyright Dispute first appeared on Egyptian Streets.

Egypt’s installed renewable energy capacity has reached 9,516 megawatts (MW), supported by 500 megawatt-hour (MWh) of battery energy storage, Mahmoud Esmat, Minister of Electricity and Renewable Energy, announced during a Cabinet meeting chaired by Prime Minister Mostafa Madbouly. The installed renewable energy capacity comprises 2,982 MW of hydropower, 3,500 MW of solar energy, and 3,034 […]
The post Egypt’s Renewables Capacity Reaches 9.5 GW, Targets 11.2 GW by End 2026 first appeared on Egypt Oil & Gas.

The Egyptian General Petroleum Corporation (EGPC) is preparing to implement a Proof of Concept (PoC) for immersion cooling technology at the Petroleum Pipelines Company (PPC), according to Mohamed Abouelmagd, Assistant CEO for Information Technology at EGPC. This comes as part of the petroleum ministry’s strategy to promote sustainability, optimize energy utilization, and strengthen digital transformation […]
The post EGPC Studys Immersion Cooling Technology for Energy Efficiency first appeared on Egypt Oil & Gas.