Author: OMN AI

House of Representatives of Egypt held a plenary session on Monday with the participation of Aguila Saleh as both countries pushed to deepen political and parliamentary cooperation. The session was chaired by Counselor Hisham Badawi and focused on strengthening ties between Egypt and Libya. Lawmakers discussed ways to improve joint cooperation and increase coordination between the two neighboring countries. Officials said the talks were aimed at supporting stability, development, and regional security. The meeting highlighted the long historical relationship between Egypt and Libya. Leaders from both sides stressed the importance of maintaining close political and parliamentary communication during a period…

Fitch Ratings has said Egypt’s flexible exchange rate policy is helping the country manage external shocks, including foreign investor outflows and rising geopolitical tensions. The agency confirmed Egypt’s sovereign rating at “B” with a stable outlook. In its latest report, Fitch noted that the Egyptian pound has weakened by around 10 percent against the US dollar since late February. This decline came after more than $10 billion in foreign portfolio investments left the market. Importantly, the Central Bank of Egypt did not intervene to defend the currency. According to Fitch, this approach has helped preserve foreign exchange reserves and maintain…

Magrabi Retail, the largest eyewear retailer in the Middle East, has announced plans to acquire a 51 percent stake in Egypt’s Baraka Optics Group. The deal is part of the company’s wider expansion strategy in the region’s growing optical retail market. The transaction is still subject to regulatory approval, including clearance from the Egyptian Competition Authority. Once completed, it will mark one of the most significant consolidation moves in Egypt’s eyewear sector in recent years. Baraka Optics is one of Egypt’s leading premium optical retail chains. It operates 23 stores across the country under several brands, including Baraka Optics, C&Co,…

Egypt has announced free access for local citizens to most antiquities museums across the country on International Museum Day. The decision comes from the Ministry of Tourism and Antiquities and will apply on Monday. The move aims to encourage more people to visit museums and learn about Egypt’s long cultural history. Officials said the offer is part of a global celebration that highlights the importance of museums in society. International Museum Day is observed every year on May 18. It is organized by the International Council of Museums. The day promotes awareness about how museums support education, culture, and public…

Egypt has announced strict new enforcement measures ahead of Eid al-Adha 2026. Authorities are stepping up inspections and control campaigns across cities and villages. The goal is to stop illegal animal slaughter in public spaces. Officials say the move protects public health, safety, and the environment. Government bodies have warned citizens not to carry out animal sacrifice in streets or outside private homes. They say such acts break national law and create health risks. Authorities stressed that all ritual slaughter must take place only in approved government abattoirs. The rules come under Agriculture Law No. 53 of 1966. This law…

Egypt and Türkiye are strengthening their partnership by expanding cooperation in air travel and tourism. The two countries are marking 75 years since the first flight between them, a milestone that highlights long-standing aviation ties. Officials say the renewed focus on travel links reflects deeper diplomatic and economic relations. The development was highlighted during a ceremony in Egypt, where aviation leaders gathered to celebrate the anniversary. The event also recognized the role of Turkish Airlines in maintaining strong air connections between the two countries for decades. Officials described the occasion as a sign of growing trust and cooperation. Egypt’s Minister…

The Grand Egyptian Museum has taken a major step toward clean energy. A new solar power station has been launched at the museum complex in Cairo, Egypt. The move supports sustainability goals and modern energy use. The project was inaugurated with support from national and international partners. Officials say it marks a new phase for cultural sites and green energy use. Egypt is pushing hard to expand renewable energy. The project supports Egypt Vision 2030. It focuses on clean growth and lower emissions. The Grand Egyptian Museum is used as a model for sustainable public buildings. It shows how heritage…

The government of Egypt is reviewing plans to create a unified regulatory body for real estate developers as part of wider efforts to reform and organise the property market. The proposal was discussed during a high-level meeting led by Prime Minister Mostafa Madbouly, according to the Prime Minister’s spokesperson. Officials said the planned entity would bring all property developers under a single framework to improve regulation, transparency, and governance in the sector. The new structure is expected to assess and verify the financial and technical capability of developers before they are allowed to launch or manage major projects. Under the…

The government of Egypt has confirmed plans to list four companies linked to the military on the Egyptian Exchange, marking a major step in its long-running state asset reform programme. The announcement includes plans to offer shares in the National Company for the Sale and Distribution of Petroleum Products (Wataniya), Silo Foods, ChillOut, and the National Company for Road Construction, Development and Management. The decision was confirmed during a high-level meeting chaired by Prime Minister Mostafa Madbouly at the government headquarters in the New Administrative Capital. Senior officials attended the meeting, including members of the economic cabinet, representatives from the…

Iran and Egypt have held new discussions on regional security and ongoing diplomatic efforts involving the United States. The talks come at a time of rising tension in the Middle East and increased international mediation attempts to reduce conflict risks. Iranian Foreign Minister Abbas Araghchi spoke with his Egyptian counterpart Badr Abdelatty during a phone call on Sunday. The two officials discussed political and security developments across the region. A key topic in the conversation was the ongoing diplomatic contact between Tehran and Washington. These talks are reportedly being facilitated through mediation efforts involving Pakistan. Officials say the goal is…