FRA, IFC sign agreements to strengthen sustainability, corporate governance
Egypt’s Financial Regulatory Authority (FRA) signed on Wednesday two cooperation agreements with the International…
Browsing Tag
Egypt Economy
Egypt targets 6m tons in grain storage capacity by 2030 – minister
Egypt aims to increase grain silo storage capacity to 6 million tons by 2030, up from 4.4 million tons in 2026,…
Egypt, World Bank launch partnership to develop mining sector
Egypt’s Ministry of Petroleum and Mineral Resources and the World Bank Group have launched a partnership and…
Egyptian Exchange, state media authority sign financial literacy deal
The Egyptian Exchange (EGX) signed a cooperation protocol with the state media authority MASPERO on Monday to…
Egypt’s annual inflation rises to 12.8% in Sept – CAPMAS
Egypt’s annual inflation rate rose to 12.8 per cent in September 2026, up from 12.7 per cent in August, while the…
Fitch affirms Egypt’s ‘B’ rating with stable outlook
Fitch Ratings has affirmed Egypt’s long-term credit rating at ‘B’ with a stable outlook, citing its growth…
URGENT: Egypt’s net international reserves hit $57.348b end of September – CBE
Egypt’s net international reserves reached $57.348 billion at the end of September 2026, the Central Bank of Egypt…
Egypt’s non-oil private sector activity weakens in Sept – PMI
Egypt’s non-oil private sector activity dropped at a faster pace in September 2026, with the S&P Global Egypt…
Egypt pays over EGP 18bn to sugarcane farmers
Egypt has paid over 18 billion Egyptian pounds to sugarcane farmers so far, Supply Minister Sherif Farouk told…
Egypt’s banks to close on 8 Oct. for Armed Forces Day – CBE
Egypt’s banks will be closed on Thursday, October 8, 2026, to mark Armed Forces Day, the Central Bank of Egypt said…
Egypt’s PM discusses Egypt’s mining sector development
Egypt’s Prime Minister Moustafa Madbouly held a roundtable on Wednesday during the fifth edition of the Egypt…
EGX trading values reach EGP 17.9trl through September – chairman
Egyptian Exchange (EGX) trading values reached 17.9 trillion Egyptian pounds through September 2026, while its…
President Sisi attends Egypt Mining Forum
Egypt’s President Abdel Fattah Sisi attends the fifth Egypt Mining Forum, which kicked off in Cairo on Monday.
Major carriers gradually resume Suez Canal transits
Major shipping lines are gradually restoring services through Egypt’s Suez Canal, with several carriers increasing,…
Egypt’s digital exports reach $7.4bn in 2025
Egypt’s digital exports rose to $7.4 billion in 2025 from $6.9 billion in 2024, while outsourcing services exports…
Egypt’s FRA issues second edition of real estate valuation standards
Egypt’s Financial Regulatory Authority (FRA) has issued on Saturday the second edition of the Egyptian Real Estate…
Egypt to replace faulty electricity meters within 72 hours
Egypt will replace faulty electricity meters within 72 hours and standardise assessment prices across electricity…
Egypt, WFP discuss joint food security plan through 2027
Egypt's Ministry of Supply and Internal Trade and the World Food Programme (WFP) are reviewing a joint action plan…
Egypt’s unemployment falls to 5.8% in Q2 – planning minister
Egypt's unemployment rate fell to 5.8 per cent in the second quarter of 2026 from around 6 per cent in the previous…
Egypt’s financial inclusion rate rises to 79% by June 2026 – CBE
Egypt's financial inclusion rate rose to 79 per cent by the end of June 2026, with 56.4 million adults holding…
Egypt eases industrial land transfer rules, grants relief for stalled projects
Egypt has eased restrictions on transferring and leasing industrial land while granting additional grace periods…
Sisi reviews Egypt’s social protection, subsidy reforms
Egyptian President Abdel Fattah El-Sisi reviewed proposed reforms to the country's social protection and subsidy…
Egypt’s strategic commodity reserves sufficient, some near one year’s supply…
Egypt has sufficient strategic commodity reserves to meet domestic consumption needs for extended periods, with…
Egypt’s Samannoud Textile returns to production after NIB-led restructuring
Egypt's National Investment Bank (NIB) has successfully implemented a comprehensive recovery plan for Samannoud…
Net assets of Egypt’s investment funds rise 14.7% in 3 months – FRA
Net assets of Egypt's investment funds rose 14.7 per cent to 470.9 billion Egyptian pounds by the end of June from…
Egypt’s FRA denies rumours of non-banking finance branch closures
Egypt's Financial Regulatory Authority (FRA) denied reports circulating on social media claiming it had ordered the…
Egypt launches training programme to prepare state-owned firms for public offerings
Egypt's Financial Regulatory Authority (FRA) has launched the country's first national training programme to…
Egypt, BP to add 80 MMcf/d of gas from Mediterranean Fayoum North-4 well
Egypt's petroleum sector, in cooperation with BP, is preparing to bring the Mediterranean Fayoum North-4 well on…
Egypt’s FRA sets up committee to coordinate capital markets tax policy
Egypt's Financial Regulatory Authority (FRA) has established a joint coordination committee with the Egyptian…
Egypt reviews digital transformation plan to protect public funds, improve state…
Egypt's Prime Minister Moustafa Madbouly chaired a meeting on Sunday to review progress on implementing President…
Egypt’s Cabinet approves first phase of 300 strategic bakeries
Egypt's Cabinet approved on Thursday the launch of contracting procedures to build 300 strategic bakeries…
Egypt’s Cabinet approves €37 mln financing package for NWFE power grid project
Egypt's Cabinet has approved a draft presidential decree on financing agreements for the Egypt Electricity Grid…
Egypt’s Cabinet approves draft law to merge agricultural authority into research…
Egypt's Cabinet approved on Thursday a draft law to merge the Egyptian Agricultural Authority (EAA) into the…
Egypt’s Cabinet approves Elsewedy Electric wiring harness factory in Fayoum
Egypt's Cabinet has approved proceeding with contracting procedures with Elsewedy Electric to establish a factory…
Egypt reviews progress of renewable energy projects
Egypt's Prime Minister Moustafa Madbouly reviewed the progress of new and renewable energy projects on Sunday,…
Egypt confirms safe strategic reserves, reviews sugar production plans
Egypt’s Minister of Supply and Internal Trade, Sherif Farouk, confirmed on Sunday that the strategic reserve of…
URGENT: Egypt annual inflation slows to 12.2% in June – CAPMAS
Egypt's annual inflation rate eased to 12.2 per cent in June 2026 from 13.0 per cent in May, while monthly…
Egypt’s Cabinet approves $15 mln garment factory under private free zone scheme
Egypt's Cabinet approved the establishment of a $15 million ready-made garments factory under the private free zone…
Oil prices rise on Tuesday
Oil prices rose more than 1 per cent on Tuesday as uncertainty over a potential US-Iran nuclear deal outweighed the…
Egypt’s non oil private sector contracts in June – PMI
Egypt's non-oil private sector contracted at its fastest pace since January 2023 in June, with the S&P Global…