Author: OMN AI

Senior Israeli military officials have held meetings with Egyptian military leaders in Cairo as both countries continue discussions on regional security and the future of Gaza, according to Israeli media reports. The reported meetings took place over two days in the Egyptian capital and were described as part of ongoing strategic consultations between Israel and Egypt. According to the reports, senior military officials from both countries discussed a range of regional issues and explored ways to continue security cooperation. The talks come as international efforts continue to shape the next stage of developments in the Gaza Strip following months of…

Archaeologists have uncovered 18 ancient tombs along Egypt’s northwestern coast, adding new details to the country’s rich history. The discovery includes rare gold amulets known as “golden tongues,” which were placed inside the mouths of the dead during ancient burial rituals. The tombs were found at Marina El Alamein, an archaeological site about 300 kilometers northwest of Cairo. The area was once home to the ancient city of Leukaspis, an important center for trade and cultural exchange during the Ptolemaic and Roman periods. Egypt’s Ministry of Tourism and Antiquities officially announced the discovery after the latest excavation campaign. Officials said…

Egypt has cleared all outstanding payments owed to its oil and gas investment partners, a move the government says is helping restore investor confidence and support higher crude oil production after several years of decline. The announcement was made on Wednesday by Petroleum and Mineral Resources Minister Karim Badawi during a board meeting of the Egyptian General Petroleum Corporation held by video conference. Badawi said clearing overdue payments was the ministry’s main goal because it was essential for bringing new investment into Egypt’s oil and gas sector. He said the government spent the past two years reducing the unpaid balance…

Cairo’s office market continued to strengthen during the second quarter of 2026 as demand for premium office space exceeded available supply. The shortage of high-quality Grade A offices pushed average rents up by 20 percent compared with the same period last year, giving landlords greater pricing power across the market. A new property market report found that average asking rents reached about USD 325 per square meter each year. In US dollar terms, rents increased by around 2 percent. However, the rise was much larger in Egyptian pounds because of the weaker local currency. Businesses continue to favor modern office…

European penny stocks are drawing fresh investor interest as improving market conditions support confidence across regional stock markets. Lower oil prices and easing inflation have helped lift European equities, encouraging investors to look beyond large companies for new growth opportunities. The pan-European STOXX Europe 600 Index recently gained nearly 2 percent as investors reacted to signs of slowing inflation and improving market sentiment. Lower energy costs also supported the rally, helping reduce concerns about rising business expenses and economic uncertainty. As confidence improves, many investors are turning their attention to smaller listed companies. Although the term “penny stocks” has been…

Egypt has strengthened its position as one of Africa’s leading hospitality investment destinations, with four of its cities ranking among the continent’s top 10 locations for hotel development. The latest report by W Hospitality Group places Greater Cairo at the top of Africa’s hotel development pipeline, reflecting continued investor confidence in the country’s tourism and hospitality sector. According to the report, Greater Cairo ranks first in Africa for planned hotel projects. The metropolitan area, which includes several major urban districts such as New Cairo, has a development pipeline of 80 hotel projects totaling about 16,400 rooms. Several of the world’s…

Egypt is preparing for one of its biggest matches in recent football history as the Pharaohs get ready to face Argentina in the Round of 16 at the 2026 FIFA World Cup. The match in Atlanta will feature two of the game’s biggest stars, Mohamed Salah and Lionel Messi, as both teams compete for a place in the quarterfinals. Egypt earned its place in the knockout stage after defeating Australia in a dramatic penalty shootout. The victory marked the country’s first World Cup knockout win and sparked celebrations among players and supporters. Captain Mohamed Salah played a key role in…

Egypt has stepped up its efforts to attract foreign investment by presenting new opportunities in its energy and mining sectors to diplomats representing countries from around the world. The government says the initiative is part of a broader strategy to strengthen international partnerships, improve the investment climate, and support long-term economic growth. The briefing took place on Sunday at the Ministry of Foreign Affairs headquarters. Foreign Minister Badr Abdelatty and Minister of Petroleum and Mineral Resources Karim Badawi met with representatives of foreign embassies accredited to Egypt to outline the country’s plans for expanding investment and cooperation in key industries.…

Egypt is taking new steps to strengthen the financial position of its state-owned press institutions. Prime Minister Mostafa Madbouly has instructed the National Press Authority (NPA) to prepare detailed financial sustainability studies for each state-owned media organization. The goal is to create long-term plans that will help these institutions settle accumulated debts and improve their financial health. The directive was issued during a government meeting held on Sunday. The discussions focused on finding practical ways to address the financial challenges facing state-owned press organizations while supporting their future operations. Under the new plan, each institution will prepare a comprehensive study…

Egypt expects to receive a new payment of 1.5 billion euros from the European Union within the next few days as part of a wider financial support package aimed at strengthening the country’s economy. Egyptian officials said the funding will help the country manage the economic effects of ongoing regional and global challenges. The announcement was made during a joint news conference in Cairo on July 4. Egyptian Foreign Minister Badr Abdelatty spoke alongside European Union Commissioner for the Mediterranean Dubravka Suica after holding talks on expanding cooperation between Egypt and the EU. Abdelatty said Suica’s visit reflects the growing…