Day: August 4, 2025

Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, met on Monday with the Dutch Ambassador to Cairo, Peter Mollema, to review progress on joint water initiatives and explore new avenues for cooperation in sustainable water management, according to an official statement from the ministry. The discussions focused on the…

Egypt’s Minister of Industry and Transport Kamel Al-Wazir has held an extensive meeting with leading steel producers and representatives from automotive and bus manufacturing and assembly companies, as part of the state’s strategy to promote local manufacturing and deepen production chains. The Monday discussions focused on exploring practical mechanisms to…

Egypt’s Prime Minister Mostafa Madbouly has reviewed the latest developments regarding the Carbon Border Adjustment Mechanism (CBAM), which aims to enhance the competitiveness of Egypt’s national exports by aligning them with international environmental standards. During the meeting, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel…

The Central Bank of Egypt (CBE) announced that net foreign assets held by the country’s banking sector—including both the CBE and commercial banks—increased to $14.941bn (EGP 741.813bn) in June 2025, compared to $14.710bn (EGP 732.556bn) in May. According to CBE data, total foreign assets in the banking sector reached EGP 4.147trn in June, rising…

The Egyptian Tax Authority (ETA) has reminded taxpayers that only eight days remain to take advantage of the tax relief measures introduced under Law No. 5 of 2025, issued on 12 February as part of the government’s first package of tax facilities. In a statement on Monday, the Authority explained that the…

Ahmed Kouchouk, Minister of Finance, announced that Egypt’s legal framework for public procurement has earned international recognition in a recent report by the New Development Bank (NDB) of the BRICS countries. The report praised the Egyptian Public Procurement Law for its alignment with the bank’s policies and international best practices,…

The chairperson of the Egyptian Exchange (EGX), Ahmed El-Sheikh, has highlighted the pivotal role of the stock market in supporting the national economy and outlined investment opportunities available to Egyptians living abroad. Speaking at the 6th “Egyptians Abroad” conference in Cairo, El-Sheikh emphasised the exchange’s importance as an effective tool…

Egyptians living abroad can easily invest in the Egyptian Exchange and in investment funds through technological applications, the head of the country’s Financial Regulatory Authority (FRA) has said. Speaking at the 6th Conference for Egyptians Abroad, FRA Chairperson Mohamed Farid said that developing flexible and integrated insurance solutions to provide…

Egypt’s USD 8 billion (EGP 392.48 billion) loan agreement with the International Monetary Fund (IMF) remains at the center of the country’s efforts to steady its economy and secure foreign funding. With only USD 3.5 billion (EGP 171.71 billion) disbursed so far, Cairo now faces pressure to deliver on long-promised…