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An Egyptian archaeological mission working at the Sheikh Soby archaeological site in Egypt’s Bahariya Oasis has uncovered three tombs dating to different periods of ancient Egypt, along with mummies, limestone and pottery coffins, pottery vessels, offering tables and terracotta votive figurines.
The excavation season is being led by Sabry Farag, Director General of Ant...
Petroleum and Mineral Resources Minister Karim Badawi has announced the launch of the 2026 international bid round for crude oil and natural gas exploration, offering 14 new exploration areas to international and Egyptian companies in a move aimed at attracting more investment, boosting domestic production and supporting the targets of the government’s five-year production gr...
Egypt is targeting renewable energy to account for 45% of its total electricity generation by 2028 as it accelerates investments in clean energy, battery storage systems and local manufacturing.
President Abdel Fattah Al-Sisi reviewed progress on the national strategy to expand new and renewable energy projects during a meeting in New Alamein with Prime Minister Mostaf...
US President Donald Trump asserted on Wednesday that the United States maintains complete control over the Strait of Hormuz, characterising the American naval blockade on Iran as a “wall of steel,” even as Iranian officials dismissed the possibility of extending a temporary ceasefire.
In a post on the Truth Social platform, Trump stated that the US will contin...
RAYA CX, a subsidiary of Raya Holding for Financial Investments, reported consolidated revenues of EGP 1.7bn in the first half (H1) of 2026, marking a 29.3% year-on-year increase from EGP 1.3bn in the corresponding period of 2025.
The company’s momentum continued into the second quarter (Q2), with revenues rising 24.2% year-on-year to EGP 849.1m.
Business Proces...