August 3, 2026
Procurement News
Egypt approves average 12% increase in household electricity tariffs

Egypt’s electricity pricing authorities have approved revised household tariffs as part of efforts to safeguard the stability of the national power supply and strengthen the financial sustainability of electricity generation, transmission and distribution.   Under the new pricing structure, the tariff for the first residential consumption bracket will remain unchanged during the current phase.  ...

2026-08-02 09:37:06
Sisi, Macron stress need to resolve all conflicts through peaceful means

Egyptian President Abdel Fattah El-Sisi held a telephone call Saturday with French President Emmanuel Macron. Ambassador Mohamed El-Shenawy, the official spokesperson for the Presidency, stated that during the call, President Sisi expressed Egypt’s full solidarity with the friendly French Republic following the wildfires that swept through some French regions recently. Sisi offered his condolences to...

2026-08-02 09:37:02
U.S. Senate panel may examine alleged Muslim Brotherhood operations as Washington widens scrutiny of Islamist networks

  A potential U.S. Senate Judiciary subcommittee hearing could examine alleged Muslim Brotherhood operations and financial networks in the United States, but the reported August 5 date has not yet been confirmed by the committee. Scrutiny intensifies in Washington A Senate Judiciary subcommittee may examine alleged Muslim Brotherhood activity and financial networks inside the United...

2026-08-02 09:36:58
GUPCO boosts crude production to 71,250 barrels per day

 Gulf of Suez Petroleum Company has raised its crude oil production to 71,250 barrels per day, its highest level since July 2019. The increase reflects the impact of the Ministry of Petroleum and Mineral Resources’ efforts to settle overdue payments to international partners and restore production levels. The measures are part of a broader strategy...

2026-07-22 10:26:21
Egypt begins drafting post-IMF national economic program

  Prime Minister Mostafa Madbouly chaired a meeting to outline an implementation plan for President Abdel Fattah El-Sisi’s directives to develop a national economic program for the period following the completion of Egypt’s reform program with the International Monetary Fund. Madbouly said the meeting was part of a series of discussions aimed at translating the...

2026-07-22 10:26:18
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