🇪🇬EgyptNorth Africa
Egypt to end early shop closures, incentivize solar energy transition
via Egypt Today1 min read
During a Crisis Management Committee meeting on Sunday, Prime Minister Mostafa Madbouly ordered the rapid launch of an incentive initiative for factories and households to transition to solar energy. The committee also approved ending the mandatory 11 p.m. closure for shops, malls, and restaurants, allowing them to return to previous standard operating hours, according to Cabinet Spokesperson Mohamed El-Homsani. Officials at the meeting reviewed global economic projections, which indicate a slowdown in growth. The International Monetary Fund forecasts global growth to decrease to 3.1% in 2026 from 3.4% in 2025. A more significant decline to 1.1% is expected for the Middle East and North Africa region due to increasing commodity prices and investor risk aversion. The Ministry of Planning also noted that global trade growth is projected to fall from 5.1% in 2025 to 2.8% in 2026 amid fluctuating inflation trends.
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This summary was AI-generated from a story originally published by Egypt Today.
The Egyptian government's "100 Million Healthy Lives" presidential initiative, under the Ministry of Health and Population, is raising awareness about breast cancer prevention and early detection. The initiative encourages women and girls to adopt healthy behaviors, emphasizing that early detection is crucial for increasing recovery rates and reducing complications. The Ministry of Health and Population has published an illustrated guide on social media with preventative guidelines. Key recommendations include a balanced diet rich in fruits and vegetables, regular physical activity, maintaining a healthy weight, and breastfeeding. The Ministry also advises consulting a specialist before using hormone replacement therapy, avoiding smoking and tobacco products, and performing regular breast self-examinations. Women are encouraged to utilize services from the Egyptian Women's Health Support Initiative and inquire about screening locations through hotlines 15335 and 105, or by following the Ministry's official social media pages.
Petroleum Marine Services has submitted an application to the Egyptian Exchange EGX for listing its shares on the main market. The EGX received the request on June 11, 2026, and is currently reviewing the company's documents and requirements before forwarding the file to the Listing Committee for a decision. The proposed issued capital for listing is nearly $120 million, comprising 12 million shares at a nominal value of $10 each. This move is an initial step towards the listing, pending regulatory completion and committee approval. Petroleum Marine Services, a leading company affiliated with the Egyptian General Petroleum Corporation, specializes in offshore and marine contracting for the oil and gas industry. This development aligns with the government's initiative to list state-owned companies on the EGX, with 12 companies already listed and preparations underway for others, including 10 from the petroleum sector.
The Egyptian Ministry of Agriculture has initiated a series of measures to control the Fall Armyworm FAW in corn fields. These actions include mandatory, periodic field inspections for early detection and eradication before infestations reach critical levels. Specialized agricultural control engineers will provide farmers with technical guidance on proper spraying methods and optimal control timing. High-quality, approved pesticides are available at subsidized prices through local agricultural departments and cooperative associations. The FAW was first reported in Egypt in May 2019 in Aswan governorate and has since spread, posing a significant threat to corn crops. According to Hussein Abdel-Rahman Abu Saddam, Head of the General Syndicate of Farmers, the FAW has devastated thousands of acres and affects over 80 types of agricultural crops in Egypt. The pest, which entered Africa in 2016 from America, can travel up to 100 km per day, with females laying approximately 2,000 eggs during their lifespan.