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Oil rallies above $100 for 1st time since July 2022 on Middle East tensions

Oil prices surpassed $100 a barrel for the first time since July 2022, driven by escalating tensions in the Middle East.

Updated 3/9/2026 9:49:00 AM
EGP Under Pressure: Egypt’s Economy Amid Middle East Escalation

Egypt is once again dealing with the economic fallout from the unrest in the Middle East as regional conflict intensified in late February 2026. Fears of instability across the Middle East have been rekindled by escalating tensions between the US and Iran, punctuated by recent military strikes involving both Washington and Tel Aviv.

Updated 3/5/2026 10:49:00 AM
US urges Americans to leave Egypt, other Middle East countries amid Iran strikes

The US Department of ‌State has called on American citizens to leave more than a dozen countries in the Middle East, including Egypt, amid US-Israeli strikes against Iran.

Updated 3/3/2026 9:23:00 AM
Schneider Electric to host Innovation Summit Middle East & Africa in Abu Dhabi

The second edition of the Innovation Summit Middle East & Africa will be held in Abu Dhabi from April 28th to 29th, Schneider Electric announced.

Updated 3/2/2026 9:42:00 AM
B Investments eyes EGP 3B investments in Middle East

B Investments Holding is studying several investments in key sectors in Egypt and the Middle East within two years.

Updated 2/12/2026 10:09:00 AM
2Africa consortium completes subsea cable system linking Africa, Europe, Asia, Middle East

Telecom Egypt announced the completion of the core 2Africa subsea cable system, developed through a consortium that includes Bayobab, center3, China Mobile International, Meta, Orange, Vodafone Group, and WIOCC.

Updated 11/19/2025 10:51:00 AM
Global gold prices hit 2-month high on Middle East tensions

Gold prices soared for the fourth consecutive session to a near two-month high on Monday, as Iran-Israel clashes pushed investors towards safe-haven assets

Updated 6/16/2025 8:33:00 AM
MOPCO plans to enhance operations due to rising tensions in Middle East

Misr Fertilizers Production Company (MOPCO) has decided to implement an intensive maintenance plan to improve operating conditions

Updated 6/16/2025 7:10:00 AM
Abu Qir Fertilizers plans to enhance operations amid Middle East war

Abu Qir Fertilizers and Chemicals Industries Company (ABUK) decided to implement an intensive maintenance plan for its plants to enhance operating conditions

Updated 6/15/2025 10:29:00 AM
Siemens Healthineers to launch 1st radiology equipment development center in Egypt

The Ministry of Health signed a memorandum of understanding (MoU) with Siemens Healthineers to launch the first radiology equipment development center in Egypt and the Middle East.

Updated 3/23/2025 8:29:00 AM
Middle East faces challenges, but Egypt holds strong investment potential: Naguib Sawiris

The political and economic situation in the Middle East is facing huge challenges, Egyptian tycoon Naguib Sawiris said during the second session of the 6th Annual Hapi Conference, citing escalating events in Syria and Libya and their impact on investment.

Updated 12/9/2024 3:04:00 PM
Toyota Egypt awarded Global Skill Award from Al-Futtaim Group

Toyota Egypt Group (TEG) is making big strides in the Egyptian automotive sector by winning the Global Skill Award from Al-Futtaim Group.

Updated 7/9/2024 11:21:00 AM
Oriental Weavers named among Forbes Middle East’s list of top 50 EGX-listed companies

Oriental Weavers was named one of the Top 50 Listed Companies in Egypt by Forbes Middle East.

Updated 7/2/2024 3:36:00 AM
Mastercard, HSBC Middle East collaborate to launch Mastercard Wholesale Program

Mastercard has teamed up with HSBC Middle East to launch Mastercard Wholesale Program in the region.

Updated 5/30/2024 12:19:00 PM
Beko Egypt’s Umit Gunel takes on expanded role as Regional Director for North West Africa

Beko Egypt has extended the responsibilities of its General Manager Umit Gunel to serve as the Regional Director for Beko in North West Africa.

Updated 1/30/2024 12:24:00 PM
Honeywell names Khaled Hashem as President of MEA region

Honeywell has appointed Khaled Hashem as President of the recently consolidated Middle East and Africa (MEA) region for the company.

Updated 1/26/2024 11:08:00 AM
Siemens Healthineers names Vivek Kanade as Head of MEA Operations

Siemens Healthineers has appointed Vivek Kanade as Head of Middle East and Africa (MEA) Operations.

Updated 12/7/2023 10:39:00 AM
Egypt plans to turn Cairo International Financial Center into MENA’s key hub for VCs

Egypt is planning to turn Cairo International Financial Center into the main financial hub for venture capitals (VCs) in the Middle East and North Africa (MENA) region.

Updated 11/16/2023 11:16:00 AM