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Middle East News Agency Page covers all political, economic, cultural, sports and variety of news. Our aim is to keep in touch with public opinion in and outside Egypt.

Electricity min. follows up with Huawei latest developments of local manufacturing project for energy-storage batteriesM...
24/08/2026

Electricity min. follows up with Huawei latest developments of local manufacturing project for energy-storage batteries
Minister of Electricity and Renewable Energy Mahmoud Esmat met with CEO of Huawei Egypt Benjamin Houwei and his accompanying delegation to discuss the progress and latest developments regarding the local manufacturing project for energy-storage batteries and the establishment of several independent battery-storage stations with a total capacity of 4,000 megawatt-hours, with payments denominated in Egyptian pounds.

During the meeting, Esmat reviewed the latest developments and progress in electricity-storage systems using batteries, as well as the use of Huawei’s technology to establish a number of standalone electricity-storage stations.

Esmat also discussed the procedures, regulations and commitments related to commencing the construction of an energy-storage battery factory and establishing a number of storage stations, with payments denominated in Egyptian pound.

This follows a review of the models and economic and technical feasibility studies prepared for several sites across the national electricity grid in different locations.

The aim is to ensure grid stability and secure electricity supplies, while utilizing modern technology to support the grid during peak periods, maximize returns from renewable-energy projects, and enable their benefits to be utilized throughout the day.

Egypt, China to expand media cooperation with content exchange, joint production National Media Authority (NMA) Chairman...
24/08/2026

Egypt, China to expand media cooperation with content exchange, joint production
National Media Authority (NMA) Chairman Ahmed El Muslimany described Egypt-China relations as “highly distinguished,” saying bilateral ties have seen significant growth under Presidents Abdel Fattah al-Sisi and Xi Jinping.

Muslimany made the remarks during a meeting with Cao Shumin, head of China’s National Radio and Television Administration, noting that Cairo and Beijing are marking the 70th anniversary of diplomatic relations.

He said cooperation between Egypt and China reflected ties between two major civilizations, adding that the two sides would work to expand media content exchange and joint production.

Muslimany was visiting Beijing to attend the seventh China-Africa Media Forum, where he held talks with China’s National Radio and Television Administration and China Media Group (CMG), which owns CCTV and CGTN.

The talks included plans to sign a media cooperation protocol between Egypt’s Maspero and Chinese media institutions, covering animation, artificial intelligence, scientific and cultural programs, and documentaries.

Muslimany also delivered the National Media Authority’s address at the forum’s opening session.

7 Palestinians killed, wounded in Israeli strike in central Gaza StripSeven Palestinians were killed or wounded on Sunda...
24/08/2026

7 Palestinians killed, wounded in Israeli strike in central Gaza Strip
Seven Palestinians were killed or wounded on Sunday in an Israeli strike on the central Gaza Strip town of al-Zawaida, Palestinian medical sources said.

The sources said a child was killed and six others were seriously wounded after an Israeli air strike hit a warehouse in al-Zawaida.

Separately, Israeli forces shelled a makeshift structure near the Maghazi junction on Salah al-Din Road in central Gaza, the sources said.

Gaza medical authorities said the death toll from Israel’s military campaign in the enclave had risen to 73,420, with 174,369 wounded, since the campaign began on Oct. 7, 2023. Hospitals had received one fatality and five wounded people over the previous 48 hours, they said.

Egypt Reviews $1 BLN Forbes International Tower Project in New CapitalDeputy Prime Minister for Economic Affairs Hussein...
24/08/2026

Egypt Reviews $1 BLN Forbes International Tower Project in New Capital

Deputy Prime Minister for Economic Affairs Hussein Issa reviewed on Sunday progress on the $1 billion Forbes International Tower project in the New Administrative Capital with executives from Forbes Global Properties and Magnom Properties.

The meeting focused on the project's design, construction and financing, as well as plans for the next phase and coordination between the relevant authorities to accelerate implementation.

Issa said the project reflects the attractiveness of Egypt's investment market and the confidence of international companies and brands in the country's economy.

The 250-metre tower, planned for the New Capital's Central Business District, will span about 100,000 square metres and comprise 55 floors, according to the project executives.

CEO of Forbes Global Properties, Michael Gilbert, said the project is intended to serve as an international business and investment destination and will be developed to global standards as a smart and sustainable building.

EGX chairman: Trading volume up to EGP 4 trillionChairman of the Egyptian Exchange (EGX) Omar Radwan said on Sunday that...
24/08/2026

EGX chairman: Trading volume up to EGP 4 trillion
Chairman of the Egyptian Exchange (EGX) Omar Radwan said on Sunday that Egypt’s markets witnessed growing momentum driven by macroeconomic developments and foreign-currency sources of income, which have reached record levels through remittances from Egyptians abroad, Suez Canal revenues and tourism.

In exclusive remarks to Al Qahera News channel, Radwan said the capital market had seen an increase in the number of new investors and in daily trading volumes, which surpassed EGP 18 billion per day in August. This was reflected in market capitalization, which rose to EGP 4 trillion, compared with EGP 2.9 trillion at the beginning of the year.

He noted that dollar-denominated trading volumes had reached more than $300 million per day, adding that Egypt’s continued classification as an emerging market by international indices strengthens international institutions’ confidence in the Egyptian market.

He added that recent tax amendments abolished the capital gains tax and replaced it with a proportional stamp tax, resulting in a doubling of daily trading volumes and increased demand for the Egyptian market.

Rafah crossing receives 78th group of Palestinians returning to GazaRafah crossing in North Sinai governorate received a...
23/08/2026

Rafah crossing receives 78th group of Palestinians returning to Gaza

Rafah crossing in North Sinai governorate received a 78th group of Palestinians returning to the Gaza Strip on Sunday.

A port official said that a team from the Egyptian Red Crescent received the returning Palestinians to facilitate their procedures in coordination with the relevant authorities, distribute “return bags” to them and provide psychological support to children.

Meanwhile, the Egyptian authorities are preparing to receive another group of wounded and sick Palestinians from the Gaza Strip for treatment at Egyptian hospitals.

Transport min.: Egypt, US share vision to enhance efficiency sustainability, security of global supply chainsMinister of...
23/08/2026

Transport min.: Egypt, US share vision to enhance efficiency sustainability, security of global supply chains
Minister of Transport Kamel El Wazir said that Egypt and the US share a vision aimed at enhancing the efficiency, sustainability and security of global supply chains, while engaging the private sector in projects to localize technology, develop maritime and logistics services and increase the competitiveness of ports.

The minister made the remarks during his participation in the “port infrastructure and maritime innovation” conference, organized by the commercial bureau of the US embassy in Egypt.

The event was attended by Chargé d’Affaires of the US embassy in Cairo Robert Silverman, US Deputy Assistant Secretary of Commerce Mark Mitchell and a number of senior officials, policymakers and representatives of the maritime transport and business sectors in both countries.

Wazir added that the conference reflects the depth of the Egyptian-US relations, which extend beyond trade and investment cooperation to an established strategic partnership that has demonstrated its ability to support growth, stability and development.

Russia considers buying grain to offset export disruptionsThe Russian government plans to take a series of measures to s...
23/08/2026

Russia considers buying grain to offset export disruptions
The Russian government plans to take a series of measures to support grain producers, including purchasing crops, extending loans on preferential terms, and providing support for grain sales, according to Russian Agriculture Minister Oksana Lut, as quoted by the "Interfax" news agency.

According to the Russian official, the Agriculture Ministry is also exploring alternative routes for exporting agricultural products amid disruptions to shipping and logistics operations caused by Ukrainian drone attacks.

Earlier this month, three of Russia’s largest grain export terminals at the Black Sea port of Novorossiysk suspended operations after sustaining damage. Meanwhile, Ukrainian shipments have also faced disruptions as a result of repeated Russian attacks on port facilities in Odesa and other areas.

Russia and Ukraine have recently stepped up their reciprocal attacks on commercial vessels and ports in the Black Sea region, raising concerns over global grain supplies.

EGX indices collectively up at close of Sunday tradingThe Egyptian Exchange’s main indices closed higher on Sunday at th...
23/08/2026

EGX indices collectively up at close of Sunday trading

The Egyptian Exchange’s main indices closed higher on Sunday at the start of the trading week, amid buying by Egyptian retail investors, while transactions by domestic, Arab and foreign institutions and investment funds, as well as Arab and foreign retail investors, tended toward selling.

The market capitalization of listed companies’ shares gained EGP 60 billion by the end of trading, reaching EGP 4.278 trillion, amid total trading of EGP 22.3 billion, including bond and treasury-bill transactions and ownership-transfer deals. Equity-market trading amounted to EGP 12.2 billion.

The benchmark EGX 30 index rose 1.12% to 55,350.36 points, while the small- and mid-cap EGX 70 index jumped 3.87% to 21,621.83 points. Gains also extended to the broader EGX 100 index, which increased by 3.18% to 27,911.41 points.

Fatah spokesman: Unprecedented settlement campaign in West Bank amid mounting pressure on PalestiniansSpokesman for Fata...
23/08/2026

Fatah spokesman: Unprecedented settlement campaign in West Bank amid mounting pressure on Palestinians
Spokesman for Fatah movement Maher al-Namoura said the situation in the occupied West Bank represented mounting pressure on Palestinians warning that they continued to suffer from oppression and humiliation and attempts to break their will and resolve.

In a phone interview with Cairo News Channel, the spokesman said the West Bank was currently witnessing an unprecedented settlement campaign, alongside the ongoing war in the Gaza Strip and a tightening of the blockade imposed on the enclave.

Namoura said the campaign targeted control of mountains, hills, vacant and remote areas and land near settlements, adding that the moves had extended to the outskirts of several Palestinian cities and towns in an effort to seize more land.
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