Day: March 25, 2025

Egypt’s instant payment network will begin charging fees ranging from 50 piastres to EGP 20 on transfers made through its “Instapay” application starting April 1st. The service will also limit free balance inquiries to 10 per month. Instapay said the fees, a minimum of 50 piastres and a maximum of…

The Egyptian House of Representatives has approved an amendment to the European Bank for Reconstruction and Development’s (EBRD) establishment agreement, paving the way for the bank to expand its operations into sub-Saharan Africa and Iraq. The decision, ratified during a plenary session, approves Presidential Decree No. 70 of 2025, which…

Egyptian telecommunications and IT services provider WE has entered into a strategic partnership with the Commercial International Bank (CIB), Egypt’s largest private-sector bank, through the signing of a memorandum of understanding. This collaboration is set to redefine how WE customers access and benefit from financial services across Egypt. As part…

Sherif El-Sherbiny, Minister of Housing, Utilities, and Urban Communities, recently met with Hassan Ghanem, CEO and Managing Director of the Housing and Development Bank (HDB), alongside other bank officials, to discuss key areas of collaboration between the ministry and the bank. The meeting was also attended by representatives from the…

Kamel Al-Wazir, Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, and Hassan El-Khatib, Minister of Investment and Foreign Trade, recently met with Ayman El-Ashry, President of the Cairo Chamber of Commerce and Chairperson of Ashry Steel Group, to discuss strategies for advancing Egypt’s iron and…

Kamel Al-Wazir, Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, recently met with French Ambassador to Cairo Eric Chevalier, joined by senior officials from Egypt’s Ministries of Transport and Industry. The meeting focused on advancing the cooperation between Egypt and France, particularly in the transport…

Khaled Abdel Ghaffar, Egypt’s Deputy Prime Minister and Minister of Health and Population, recently chaired the third meeting of the High Advisory Committee for Human Development, as part of the country’s ongoing efforts to enhance human development in alignment with Egypt’s Vision 2030. The meeting reviewed the latest progress in…

Egypt’s overall budget deficit narrowed slightly in the first six months of the fiscal year, while the primary surplus rose to about EGP 230bn, its highest level in 20 years.   The Ministry of Finance’s monthly report, issued on Tuesday, revealed that the overall budget deficit fell to 4.15% between…

Egyptian President Abdel Fattah Al-Sisi met with key government officials to discuss efforts to activate the Egyptian Commodity Exchange, aiming to enhance food security and ensure the sustainable provision of essential goods at reasonable prices. The Tuesday meeting included Egypt’s Prime Minister Mostafa Madbouly, Minister of Supply and Internal Trade…

Egypt is aiming to empower startups specialising in artificial intelligence (AI) to grow their businesses and attract more investment in the sector, according to the Minister of Communications and Information Technology, Amr Talaat. Talaat’s remarks came during the “Shaping the Horizons of Artificial Intelligence in Egypt” forum, organised by Egypt’s…