Month: January 2026

From 2018 to 2025, financial technology in Egypt has shifted from being a convenience to becoming an essential economic infrastructure. Started in 2020, several firms in Egypt employed digital financial tools like mobile wallets and digital payments. According to a 2024  report published by Visa titled Value of Acceptance: Understanding…

Prime Minister Mostafa Madbouly handed over housing contracts to beneficiaries of the national housing project for youth in the town of Tod, during his visit to several development and service projects in Luxor on Saturday. The project, known as “Tod Housing,” involves the completion of 30 residential buildings. Hosni Mansour,…

Mohamed El-Shimy, Minister of Public Enterprises Sector, said that the national project to develop the textile and spinning industry is receiving strong support and close attention from the political leadership, noting its pivotal role in strengthening national industry and boosting the competitiveness of Egyptian products in both local and international…

The Ministry of Agriculture and Land Reclamation, through the Livestock and Poultry Development Sector, announced that it issued approximately 1,165 operating licences in December 2025. The licences included both renewals and first-time approvals for projects related to livestock production, feed manufacturing, poultry activities, and milk collection centres. The announcement was…

The Ministry of Finance announced that it will offer eight treasury bill and bond tenders this week with a combined value of EGP 190bn, as part of its ongoing financing plan. The offerings include four treasury bill tenders worth EGP 160bn and four treasury bond tenders totaling EGP 30bn. According…

Gold prices retreated in the first trading sessions of 2026, pulling back from recent record highs amid thin market liquidity and profit-taking, according to an analysis by Gold Bullion. Spot gold declined 4.4% over the past week, falling to a two-week low of $4,274 per ounce after opening the week…

Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), announced that the Authority began receiving tax returns for the 2025 tax year as of 1 January, in line with directives from Minister of Finance Ahmed Kouchouk. The move aims to simplify procedures for taxpayers, provide integrated technical support, and…

Egypt’s Ministry of Health and Population provided 362,662 medical services through hospitals and health facilities in Port Said governorate between January and December 2025, the ministry announced in a statement. The services were delivered under the directives of Khaled Abdel Ghaffar, Deputy Prime Minister and Minister of Health and Population,…

Banque Misr reported net profits of EGP 68.353bn during the first nine months of 2025, up from EGP 60.457bn in the same period of 2024, according to the bank’s financial statements. Profits before tax reached EGP 108.328bn over the period, compared with EGP 93.345bn a year earlier. Net interest income…