
President Abdel Fattah El-Sisi congratulated Djibouti's President Ismail Omar Guelleh on his re-election for a new term, stating that the victory reflects the Djiboutian people's confidence in Guelleh's leadership and efforts towards development. El-Sisi expressed Egypt's desire to continue cooperation with Djibouti to strengthen fraternal relations and advance their strategic partnership, emphasizing the importance of consultation and coordination on regional issues. President Guelleh, in turn, appreciated El-Sisi's congratulations, affirming the deep fraternal and strategic ties between their countries and peoples. He also praised the momentum in bilateral relations and stressed the need for further cooperation. Guelleh, who has been in office since 1999, secured his sixth term in the April 10 elections with 97.8% of the vote against Mohamed Farah Samatar.
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The Egyptian Exchange EGX announced on Sunday that it has received applications to list shares of two companies affiliated with the Ministry of Public Business Sector: the National Investment and Development Company NIRCO and the Egyptian Contracting Company “El Abd.” The EGX's listing department is currently reviewing NIRCO’s application for the small and medium enterprises market. NIRCO's issued capital is approximately LE 45 million, divided into 9 million shares with a nominal value of LE 5 per share. The EGX also confirmed receiving a listing request from El Abd to join the main market. El Abd’s issued capital amounts to around LE 369.43 million, distributed over 73.89 million shares at a nominal value of LE 5 per share. Both applications will be published for five working days in accordance with Article 20 of the listing and delisting rules. These applications are part of a broader pipeline of state-affiliated offerings, following earlier requests from Nasr Housing and Development and Spring Manufacturing and Transport Equipment Company. The Egyptian Cabinet also plans to begin procedures for the temporary listing of 10 petroleum sector companies. Last week, the EGX approved the temporary listing of six state-owned firms, including Misr Mining, Alexandria Refractories, and Nasr Glass and Crystal. NIRCO, established in 1978, is largely owned by the public business sector, holding a 74.17 percent stake, with total public ownership reaching about 99.17 percent. El Abd, fou

Egyptian stocks experienced a broad-based rise on Sunday, with the benchmark EGX30 index closing at its highest level in two months. The EGX30 advanced by 1.82 percent to 52,372.64 points, marking its strongest close since February 18. This rally was primarily driven by gains in Talaat Moustafa Group, whose stock surged by approximately 7.9 percent following the announcement of its new "The Spine" project in Madinaty, an initiative with investments exceeding LE 1.4 trillion and paid-in capital of LE 69 billion. Commercial International Bank CIB also contributed to the benchmark's support with a 1.4 percent rise in its shares. The broader EGX100 and EGX70 indices also saw gains, increasing by 0.42 percent and 0.31 percent, respectively. Trading activity showed Arab and Egyptian investors as net buyers, while foreign investors were net sellers. Market capitalization closed higher at approximately LE 3.571 trillion.
Must ReadPresident Donald Trump has warned that the United States could target Iran’s power plants and bridges if Tehran rejects a proposed deal. Trump stated that Washington is offering a “very fair and reasonable deal” and that his representatives are traveling to Islamabad, Pakistan, for negotiations. He emphasized that if the deal is not accepted, the United States would destroy every power plant and bridge in Iran.

Egyptian and Kuwaiti foreign ministers held political consultations in Cairo on Sunday, addressing bilateral relations, regional escalation, global developments, and Gulf security. Foreign Minister Badr Abdelatty and his Kuwaiti counterpart, Sheikh Jarrah Jaber Al-Ahmad Al-Sabah, reviewed developments in US-Iran talks and efforts to de-escalate and end the war that began on February 28. This war, currently under a two-week ceasefire expiring on Tuesday, has led to regional escalation through Iranian retaliatory strikes, destabilized the Middle East, and increased global energy prices. Abdelatty condemned attacks targeting Kuwait's security and sovereignty, affirming Egypt's full support for Kuwait's security measures and stating that Kuwait's security is integral to Egypt's. He emphasized considering Gulf states' security concerns in future regional arrangements. Sheikh Jarrah Jaber Al-Ahmad Al-Sabah expressed appreciation for Egypt's support and praised Cairo's role in promoting regional security, de-escalating tensions, and strengthening Arab solidarity.