Day: August 17, 2025

Raya Holding for Financial Investments, a leading Egyptian investment company with diversified operations across high-growth sectors, announced robust consolidated financial results for the first half (H1) of 2025. The company recorded revenues of EGP 27.78bn, up 38.3% from EGP 20.09bn in H1 2024. Gross profit rose by 38.4% year-on-year to…

Egypt exported around 210,000 tonnes of food and agricultural products last week, according to a report by the General Organization for Export and Import Control (GOEIC) released by the National Food Safety Authority (NFSA). The shipments, totalling 3,400 consignments, were carried out by 1,220 companies. The consignments covered nearly 660…

The General Authority for Investment and Free Zones (GAFI) has held a meeting with investors from Egypt’s public free zones to discuss development plans and operational mechanisms aligned with the Ministry of Investment and Foreign Trade’s “Investment for Export” strategy. The Sunday meeting followed the approval of the Ministerial Committee…

Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir has announced that the government is studying the conversion of the Helwan Iron and Steel Company into a major complex for textile industries and supporting industries for ready-made garments, with the aim of attracting foreign investments…

Egypt’s Ministry of Health and Population announced on Sunday that more than 30 million medical and therapeutic services were provided through general, central, and specialised hospitals nationwide between January and June 2025, as part of the government’s efforts to expand healthcare access and improve service quality. Ministry spokesperson Hossam Abdel…

Misr Digital Innovation has received approval from the Central Bank of Egypt (CBE) to transition into onebank, the country’s first fully digital bank, which will deliver all services exclusively through digital channels. The milestone positions onebank as a pioneering player in Egypt’s financial sector, advancing national digital transformation, expanding financial…

The Central Bank of Egypt (CBE) recently hosted a high-level delegation from the Central Bank of Iraq (CBI), led by Deputy Governor Ammar Khalaf. The visit aimed to exchange expertise across a wide range of central banking operations. The delegation was received by CBE Deputy Governor Tarek ElKholy, who discussed…

Egypt’s Ministry of Local Development and Environment announced on Sunday that a national delegation, led by Ali Abou Sennah, head of the Egyptian Environmental Affairs Agency, participated in the second round of the fifth session of the Intergovernmental Negotiating Committee (INC-5.2) in Geneva, which is working to draft a legally…

The Egyptian Exchange (EGX) has officially launched its first smartphone application, Egyptian Exchange – EGX, as part of its comprehensive digital transformation strategy. In a statement on Sunday, the exchange said the new app represents a strategic step to help investors and market participants easily track market developments and build…

Alaa Farouk, Minister of Agriculture and Land Reclamation, announced that funding for the National Veal Project has surpassed EGP 10bn, supporting more than 45,000 beneficiaries. The initiative aims to rear and fatten over 522,000 head of cattle, strengthening Egypt’s domestic production of meat and dairy. In its latest session, the…