}

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Egypt approves oil production from expired contracts, gives foreigners a year to legalize residency

Egypt's cabinet has approved the continued production of oil and natural gas from development areas and contracts that have expired or are nearing the end of their validity periods

Updated 46m2h
Egypt plans $3B international bond issuances in FY2026/27

The Egyptian Cabinet has approved the Ministry of Finance’s plan for international bond issuances worth a total of $3 billion during fiscal year (FY) 2026/2027 to diversify its financing sources and instruments while further reducing external debt.

Updated 9/3/2026 2:45:00 PM
Cabinet says Madbouly's Suez Canal loss remarks date to 2024, unrelated to ownership transfer claims

The Cabinet’s Media Center has dismissed circulating claims attributed to Prime Minister Mostafa Madbouly regarding Suez Canal losses of approximately $500 million per month

Updated 9/1/2026 3:15:00 PM
Madbouly appoints Mohamed Adel as Cabinet Spokesperson

Prime Minister Mostafa Madbouly has issued a decree appointing Mohamed Adel as the Cabinet’s official spokesperson, succeeding Mohamed El-Homsany, according to statement.

Updated 9/1/2026 8:27:00 AM
Egypt grants Nefer Minya golden license for $750M solar project

Egypt’s Cabinet has granted Nefer Minya Renewable Energy the golden license to develop a $750 million solar power plant in Minya Governorate with a generation capacity of 1,000 megawatts (MW) and a 600-megawatt-hour (MWh) battery energy storage system.

Updated 8/20/2026 8:30:00 PM
Cabinet backs AfDB grants for renewable energy-powered desalination project

Egypt’s Cabinet approved a draft presidential decree covering two grants from the African Development Bank (AfDB) to finance preparations for the water desalination using renewable energy project.

Updated 8/6/2026 3:23:00 PM
Egypt extends Sunday remote work through August

Egypt's Cabinet has approved the continuation of the remote work system every Sunday throughout August 2026.

Updated 8/1/2026 5:21:00 PM
Cabinet approves Elsewedy Electric wiring harness project in Fayoum

Egypt's Cabinet approved proceeding with contracting procedures with Elsewedy Electric to establish a manufacturing project for all types of electrical wiring harnesses and their components on a 22.6-feddan plot in the Manshaat Kamal area of Fayoum Governorate.

Updated 7/16/2026 2:43:00 PM
Madbouly reviews efforts to bolster Egypt’s strategic petroleum reserves amid regional tensions

Prime Minister Mostafa Madbouly held a meeting with ministers and officials to review the government’s efforts to strengthen Egypt's strategic reserves of petroleum products.

Updated 7/14/2026 8:07:00 AM
Cabinet extends Sunday remote work throughout July 2026

The Egyptian Cabinet, headed by Prime Minister Mostafa Madbouly, approved extending the remote work system on Sundays throughout July 2026.

Updated 6/25/2026 6:04:00 AM
Cabinet approves launch of economic entities platform to streamline investment procedures

Egypt's Cabinet has approved the launch of the economic entities platform as part of efforts to streamline business procedures, improve investor services, and advance Egypt's digital transformation agenda.

Updated 6/21/2026 2:32:00 AM
Egypt drafts national strategy to regulate data centers, boost digital services

Egypt is preparing a national strategy to regulate the establishment of data centers as the government seeks to position the country as a regional and international hub for data traffic and digital services.

Updated 5/25/2026 12:26:00 AM
Egypt’s Cabinet extends Sunday remote work throughout June

The Egyptian Cabinet, headed by Prime Minister Mostafa Madbouly, approved extending the remote work system on Sundays throughout the month of June.

Updated 5/21/2026 2:17:00 AM
Egypt denies looming fertilizer shortage, confirms supply stability for summer season

Egypt’s Cabinet Media Center denied social media reports claiming an expected shortage of agricultural fertilizers during the summer season, asserting that the supply system is operating normally without disruptions.

Updated 4/30/2026 2:40:00 PM
Egypt's cabinet backs mining and auto reforms, approves contracts with Moody’s, Fitch

Egypt’s Cabinet approved amendments to the executive regulations of the Mineral Resources Law, expanding licensing rules for mining activities and related operations.

Updated 4/30/2026 6:39:00 AM
Egypt’s unemployment rate falls to 6.3% in 2025

Egypt’s unemployment rate fell to 6.3% in 2025 from 6.6% in 2024.

Updated 4/30/2026 6:29:00 AM
Cabinet extends Sunday remote work policy through May 2026

Egypt’s Cabinet, chaired by Prime Minister Mostafa Madbouly, approved the continuation of a remote work system on Sundays for all employees in entities covered under the relevant decree throughout May 2026.

Updated 4/30/2026 6:22:00 AM
Madbouly urges solar transition, lifts early closing hours for shops

Prime Minister has directed the swift rollout of an incentive initiative to encourage factories and households to switch to solar energy, as the government seeks to ease pressure from the ongoing regional and global crisis.

Updated 4/27/2026 7:50:00 AM
Egypt cabinet OKs dredging firm for SCA, approves ICT, health-tech agreements

Egypt’s Cabinet has approved authorizing the Suez Canal Authority (SCA) to establish a new Egyptian joint-stock company, under the name “Suez Canal Dredging and Marine Works Company,” in partnership with a private sector firm specializing in public procurement and contracting.

Updated 4/23/2026 4:53:00 AM
Egyptian cabinet approves $85M oil exploration deals with Chevron, GPC

Egypt’s Cabinet has approved two draft concession agreements for the exploration, development, and exploitation of oil and gas across several key areas, with minimum investments of around $85 million.

Updated 4/19/2026 3:50:00 AM