Day: January 4, 2026

Algeria’s Condor Group has officially launched its brand in the Egyptian market, marking a new phase in its regional expansion strategy focused on investment, partnerships, and local manufacturing, rather than exports alone. The announcement was made during a high-level event attended by Algerian parliamentary and diplomatic officials, alongside industry stakeholders,…

Silver prices in Egypt declined by 4.6% last week, tracking a sharp global downturn of nearly 9% per ounce, according to a report by Safe Haven Hub. The sell-off followed a decision by the Chicago Mercantile Exchange (CME) to raise trading margins on precious metals contracts, prompting heavy liquidation in…

The Universal Health Insurance Authority (UHIA) held its 100th board meeting, during which members approved a series of regulatory, financial, and technical measures aimed at strengthening institutional governance, improving operational efficiency, and ensuring the long-term sustainability of Egypt’s health insurance system. At the meeting, the board reviewed and approved the…

Al Ahly Pharos, the investment banking arm of the National Bank of Egypt, successfully acted as financial advisor, transaction lead arranger, underwriter, and book-runner for Capital Securitization Company’s fourth securitization issuance of the 12th program, valued at EGP 3.52bn. The issuance is secured by a portfolio worth EGP 4.27bn assigned…

Egypt’s Prime Minister Mostafa Madbouly has appointed Mohamed El-Gawsaky as the executive director of the General Authority for Investment and Free Zones (GAFI) for a one-year term, according to a government statement. The appointment is part of state efforts to enhance the investment climate and stimulate economic growth. El-Gawsaky brings…

AE Media Production (AEMP) reported a strong increase in business activity during 2025, with the company doubling its volume compared to the previous year, according to statements by its management. Abdelrahman Essam, Chief Executive Officer of AEMP, said the company expanded its operations in 2025 despite ongoing challenges in the…