AI models capable of launching major cyberattacks that could overwhelm the defenses of governments and businesses are months – not years – away, an international alliance of intelligence agencies warned in a joint statement. The Five Eyes grouping, comprising the United States, United Kingdom, Canada, Australia and New Zealand, urged governments and corporate leaders to …
The post AI could breach government and business defenses in months, US and its intelligence partners warn appeared first on Egypt Independent.

Israeli forces continue to commit genocide against Palestinians by deliberately targeting children in the Gaza Strip, an independent United Nations Commission of Inquiry has found. In a report published Tuesday, the commission — which last year concluded Israel had committed genocide in Gaza — found that Israeli military operations have continued causing “unprecedented death, injury …
The post Israel deliberately targeting children in ongoing genocide against Palestinians, UN commission finds appeared first on Egypt Independent.

Emerging markets are looking for a fairer financing environment that stimulates investment and economic growth, Egypt’s finance minister said, calling for unified international efforts to build a financial architecture that is more supportive of developing economies. Speaking at the Paris Forum, Finance Minister Ahmed Kouchouk stated that expanding innovative financing mechanisms, such as debt-for-investment swaps, […]
The post Fairer global financing environment sought by Egypt’s finance minister at Paris Forum first appeared on Dailynewsegypt.

Egypt’s newly approved state budget aims to reduce the debt-to-GDP ratio to approximately 78% by June 2027 and cut external debt by $1bn to $2bn, Prime Minister Mostafa Madbouly announced on Wednesday, as the economy recorded a 5% growth rate in the third quarter despite the regional fallout from the US-Iran war. Speaking at a […]
The post Egypt targets 78% debt-to-GDP by 2027, posts 5% Q3 growth despite regional conflict first appeared on Dailynewsegypt.

Egypt is the second most ransomware-targeted country in Africa, accounting for 13 percent of all cyberattacks on the continent. As of 2025, the nation loses an estimated USD 4 billion (EGP 207.52 billion) to cybercrime every year, according to Interpol’s Africa Cyberthreat Assessment Report 2025.  Such statistics might have seemed troubling before artificial intelligence (AI) entered the picture. Currently, with AI tools, scams are faster, cheaper, and nearly impossible to detect. The threat has entered a new phase, and most internet users have no idea what they are up against. AI-enabled fraud surged 1,210 percent in 2025, far outpacing the 195 percent growth in traditional fraud over the same period. The era of the obvious scams with misspelled emails or suspicious wire transfer requests is over. AI has quietly erased the telltale signs that once protected users, and the consequences are staggering. According to projections from the Deloitte Center for Financial Services, published in May 2024, generative AI-driven fraud losses in the U.S. alone are expected to grow from USD 12.3 billion (EGP 638.12 billion) in 2023 to USD 40 billion (EGP 2 trillion) by 2027. Cybercrime’s global rise hitsContinue reading "How AI Is Fueling Fraud at an Unprecedented Pace"
The post How AI Is Fueling Fraud at an Unprecedented Pace first appeared on Egyptian Streets.

  Real estate developer SODIC has officially opened Nobu New Cairo at the Eastown District New Cairo (EDNC) on Wednesday, 24 June, marking the luxury hospitality brand’s debut in Egypt’s capital.  The Japanese co-founder and chef Nobu Matsuhisa traveled to Cairo to host a preview event for local business, cultural, and lifestyle leaders ahead of the restaurant’s public debut.  Commenting on his time in Egypt, Matsuhisa said it was “wonderful to spend time in Egypt” and praised the warmth, culture, and momentum of the country, adding that seeing the vision developed with SODIC take shape is especially exciting. Beyond the capital, the partnership focuses heavily on the Mediterranean North Coast within SODIC’s 440-acre OGAMI community in Ras El Hekma.  Following a successful initial seasonal run, the North Coast destination is preparing to open for its second season this July, with plans to expand the site into a full lifestyle destination featuring a Nobu hotel, restaurant, and branded luxury residences. According to SODIC General Manager Ayman Amer, this multi-project Egyptian expansion represents “an important milestone in our long-term partnership with Nobu and reflects our shared ambition to bring world-class hospitality experiencesContinue reading "SODIC and Nobu Launch New Cairo Location and Expand North Coast Project"
The post SODIC and Nobu Launch New Cairo Location and Expand North Coast Project first appeared on Egyptian Streets.

The petroleum sector recorded 0.7% growth in the third quarter (Q3) of fiscal year (FY) 2025/2026, marking its first positive growth rate since the first quarter(Q1) of FY2023/2024, said Ahmed Rostom, Minister of Planning and Economic Development, while reviewing the country’s economic performance indicators. Rostom noted during the Cabinet’s weekly meeting that the improvement was […]
The post Egypt’s Petroleum Sector Records First Growth Since Q1 FY2023/24 first appeared on Egypt Oil & Gas.

China’s SANY Group, a leading global wind turbine manufacturer, signed a Memorandum of Understanding (MoU) with the Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority (NREA) to establish Egypt’s first wind turbine manufacturing plant and develop a wind power project in the North Gulf of Suez. The MoU provides for the […]
The post China’s SANY to Establish Egypt’s First Wind Turbine Manufacturing Plant first appeared on Egypt Oil & Gas.