🇪🇬EgyptNorth Africa
Sinai Liberation Anniversary highlights Egypt's success against destabilization efforts
via Egypt Today2 min read
As Egypt approaches the Sinai Liberation anniversary, the region is recognized as a critical pillar of national security. Historically, Sinai has been Egypt's primary defense, making it a target for external threats and extremist incursions. Over the past decade, Egypt faced challenges from terrorist organizations exploiting Sinai's geography. The Egyptian Armed Forces and Police responded with large-scale operations, dismantling these groups' infrastructure, degrading their capabilities, and restoring full sovereignty. This confrontation extended beyond military action, involving a holistic strategy to counter extremism by securing borders, cutting supply lines, and confronting radical ideologies, leading to a significant decline in terrorist incidents. Despite these victories, hostile organizations, particularly the Muslim Brotherhood, launched media campaigns to distort the truth. However, these fabrications were countered by the tangible reality of restored stability and a functioning state. With security established, Egypt transitioned to comprehensive development, integrating Sinai with the Nile Valley through tunnels, bridges, and highways, including those under the Suez Canal. Developmental efforts include massive investments in infrastructure, urban expansion with new cities and housing, and national projects in agriculture, mining, and industry to achieve self-sufficiency and create jobs. The Egyptian leadership emphasizes that true security is maintained through hu
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This summary was AI-generated from a story originally published by Egypt Today.
Egypt's government aims for 5.4% economic growth in the next fiscal year, with projections reaching 6.8% by 2029/2030. The plan emphasizes expanding investment and private sector participation, targeting LE 3.7 trillion in total investments, with the private sector expected to contribute 59% initially and 64% by the end of the medium-term plan. The investment rate is forecast to rise from 17% of GDP next year to 20% by 2030. Growth is anticipated to be driven by real economy sectors, particularly manufacturing, which is projected to contribute 29% of total growth. Other key sectors include trade, tourism, construction, and agriculture, collectively accounting for 64% of economic expansion. GDP is projected to reach LE 24.5 trillion in FY2026/2027 and grow to LE 36.8 trillion by the end of the decade. The plan also prioritizes human development, with health sector allocations increasing by 25% and pre-university education spending rising by 11.5%. Social protection funding is set to increase by 57%, and infrastructure investments will continue across sectors like water, housing, irrigation, and renewable energy. The "Haya Karima" initiative remains central, focusing on completing its first phase and rolling out a second phase to improve rural living conditions. While global challenges persist, they are seen as opportunities for industrial localization and increased exports. The plan's success will be measured by both growth figures and improvements in citizens’ quality of life
Finnish President Alexander Stubb met with Arab League Secretary-General Ahmed Aboul Gheit at the league’s headquarters in Cairo. Their discussions covered regional and international issues, as well as prospects for Finland’s economic cooperation with Arab countries. President Stubb emphasized the importance of coordination with Arab states during a critical period of fundamental changes in the international system, noting the world's shift towards a multipolar era. He stressed the need for greater cooperation among active international organizations and a stronger role for the United Nations, advocating for international institutions to reflect current global realities rather than their 1945 origins. This meeting was part of President Stubb's two-day visit to Egypt, where he also held talks with President Abdel Fattah El-Sisi on bilateral relations and regional developments, including the Gaza war and Middle East tensions. He met with Prime Minister Mostafa Madbouly, attended the Egypt-Finland Business Forum, and engaged with Grand Imam of Al-Azhar Ahmed Al-Tayyeb. President Stubb is also scheduled to meet with Pope Tawadros II, Head of Egypt’s Coptic Orthodox Church, visit the Grand Egyptian Museum, and meet with business leaders and foreign policy experts. He delivered a lecture at the American University in Cairo on global transitions and the shifting balance of power. This visit marks the first presidential trip from Finland to Egypt since 2009.
Must ReadEgypt's mobile wallet transactions reached approximately LE 4 trillion by the end of 2025, according to data from the Central Bank of Egypt. The number of mobile wallets in the country significantly increased to 60 million by the close of 2025, a substantial rise from 15.2 million in 2019. This growth reflects a consistent upward trend over several years, with wallet numbers increasing from 19.8 million in 2020, to 25.2 million in 2021, 30.4 million in 2022, 39.4 million in 2023, and 50.4 million in 2024, before reaching 60 million in 2025. The Central Bank of Egypt's data highlights the ongoing expansion in the adoption and use of mobile payment services across Egypt.
Egypt is working to update its regulatory frameworks for diving and marine activities to align with international best practices. This initiative aims to enhance tourist safety, protect the marine environment, and improve the skills of ministry staff. Minister of Tourism and Antiquities Sherif Fathy emphasized the importance of balancing marine tourism development with high safety and quality standards, while preserving marine ecosystems. The updated regulations will also support sustainable tourism and maintain Egypt's position as a leading marine tourism destination. Discussions included developing the Hyperbaric Medical Center in Sharm El-Sheikh and upgrading training systems for diving and marine activities. Egypt's Red Sea coast, particularly Sharm El Sheikh, is renowned for its coral reefs and diverse marine life, attracting divers globally.