العربية

Year: 2026

Egypt’s SUMED oil flows jump 150% on Red Sea trade rerouting

Oil flows through Egypt’s “SUMED” pipeline have surged by 150 percent since the Iranian conflict outbreak, a direct reflection of shifting global energy trade routes and increasing reliance on secure alternatives away from volatile regions. This surge has reinforced the pipeline’s importance as a strategic corridor for transporting crude between…

Strong expectations for CBE to hold interest rates

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is set to hold its second regular meeting of the year, on Thursday, to decide on key interest rates, which serve as a strong indicator of the direction of Egyptian pound short-term interest rates. There are firm expectations…

Al-Sisi underscores commitment to economic reforms, market stability

Egyptian President Abdel Fattah Al-Sisi affirmed on Wednesday that the government will press ahead with fiscal reforms aimed at safeguarding economic stability and accelerating private sector growth, amid the continued impact of regional conflict on markets and global supply chains. During a meeting with Prime Minister Mostafa Madbouly, alongside the…

FRA chair meets mortgage finance firms to boost activity, efficiency

Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), held a meeting with representatives of the Egyptian Mortgage Federation and companies operating in the sector, as part of the Authority’s ongoing engagement with non-banking financial activities. The meeting reflects FRA’s commitment to fostering direct and effective communication with market participants,…

Egypt targets $1bn in annual marble, granite exports

Egypt’s Minister of Industry Khaled Hashem has held a high-level meeting to discuss mechanisms to boost marble and granite exports and address challenges facing quarry operators. He affirmed the government’s strong commitment to the sector, describing marble and granite as a priority industry with the potential to generate $1bn annually…