Author: OMN AI

Egypt is aiming to increase its outsourcing exports to $6 billion this year as part of a broader national strategy to position the country as a global hub for information technology and business services. The target was announced by Egypt’s Minister of Communications and Information Technology, Raafat Hindi, during a government review meeting on Monday with Prime Minister Mostafa Madbouly. The figure marks a rise from about $5.2 billion recorded in 2024, reflecting steady growth in the sector. Officials say the government is focusing on expanding digital services, improving infrastructure, and attracting more international companies to invest in Egypt’s technology…

Egyptian archaeologists have uncovered a rare and significant collection of funerary artefacts at the ancient Heliopolis necropolis in Cairo, shedding new light on burial traditions in one of the most important religious centres of the ancient world. The discovery was announced by the Ministry of Tourism and Antiquities following excavations carried out by an Egyptian archaeological mission at the Panhesy cemetery site in Ain Shams, which forms part of the broader ancient city of Heliopolis. Officials described the find as a near-complete funerary assemblage, including burial goods, ritual objects, and items believed to include gold jewellery. Experts say it is…

Egypt and a Chinese industrial group are advancing plans for a major new textile development project worth up to $2 billion, aiming to build what officials describe as a carbon-neutral industrial city focused on textiles and related manufacturing. The proposal was discussed during a high-level meeting in Egypt between government representatives and executives from Cloud Chain, a Chinese company leading the project. The delegation included Cloud Chain chief executive Huang Wei and chief financial officer Xian Chun, along with senior officials responsible for marketing and external relations. The project has been presented as the “Middle East and North Africa’s first…

A new Hamas ceasefire letter Gaza sent to international mediators has revealed deep tensions over stalled negotiations and rising violence in the Gaza Strip, according to a document obtained by Asharq Al-Awsat ahead of a planned diplomatic meeting in Cairo. The document, dated May 20, was reportedly sent by Hamas to mediators in Egypt and shared with Qatar and Türkiye. It was then relayed to other international parties involved in the negotiation process, including the United States and the so-called Board of Peace. The letter comes as diplomatic efforts continue to prevent further escalation in the conflict. The report comes…

Cairo University has signed a new academic agreement with Shanghai Jiao Tong University in China, creating a Cairo Shanghai medical partnership aimed at strengthening medical education, scientific research, and clinical training between the two institutions. The agreement involves Cairo University’s Kasr Al-Ainy Faculty of Medicine, one of Egypt’s oldest and most prominent medical schools. The partnership is designed to expand cooperation in key healthcare fields, including joint research projects, student and staff exchange programs, and advanced clinical training opportunities. University officials said the agreement reflects a growing effort to build stronger international academic ties. The collaboration is expected to improve…

Egypt has formally rejected the involvement of non-Red Sea countries in security and political arrangements concerning the Red Sea and the Gulf of Aden, reinforcing its stance on regional control over strategic maritime routes. The position was outlined during high-level talks in Cairo between Egyptian Foreign Minister Badr Abdelatty and Yemeni officials as part of ongoing bilateral strategic dialogue. The discussions focused on maritime security amid rising tensions in key shipping lanes. Egyptian Foreign Minister Badr Abdelatty Badr Abdelatty reaffirmed that responsibility for securing the Red Sea region should remain exclusively with countries that border the waterways. He stressed what…

Dutch technology company Strohm has secured a new offshore contract that marks its first entry into the Egyptian energy market, strengthening its position in subsea flowline solutions for deepwater gas developments. The agreement is linked to the West Delta Deep Marine (WDDM) concession, one of Egypt’s key offshore gas production areas located in the north-western Nile Delta. The project is operated by Burullus Gas Company, a joint venture involving international energy partners, including Shell. Shell’s joint venture Shell is involved in the wider development of the offshore concession, which includes multiple gas fields situated around 90 kilometres off the Egyptian…

Egypt is seeing a major step in home internet services as a new fiber system launches. The new service brings faster and more stable broadband to homes. It aims to improve coverage in every room and support modern digital life. Experts say fiber networks are replacing older copper systems in many countries. This shift improves speed and reduces outages. The service is launched by Telecom Egypt with technology support from Huawei. It introduces Fiber-to-the-Room technology. This system sends fiber signals directly into each room. It reduces weak signals and slow zones inside homes. Officials say the goal is to solve…

A major industry workshop in Cairo has ended after bringing together Italian textile machine makers and Egyptian textile operators. The event focused on modern tools, new production methods, and future cooperation between the two countries. It showed strong interest in building a closer industrial link in the textile sector. The workshop took place on 5 and 6 May 2026. It was held in Cairo and was centered on Italian technologies for the textile industry. The goal was to share new ideas and support the growth of Egypt’s textile production. Many experts say the sector is key for jobs and exports…

The International Monetary Fund has concluded a two-week visit to Cairo as Egypt moves closer to securing the next tranche of its financial support package. The talks are part of the ongoing review of Egypt’s economic reform program, which is expected to unlock a new disbursement by late June. The visit focused on assessing key economic reforms, including privatization plans, fiscal adjustments, and foreign currency stability. Officials said discussions between the IMF team and the Egyptian government were positive and productive throughout the review process. International Monetary Fund is currently evaluating Egypt’s progress under its reform program, with particular attention…