Day: March 4, 2026

Egypt plans to add approximately 2,500 megawatts of renewable energy capacity to the national electricity grid before next summer, according to a presidency statement issued following a high-level meeting chaired by President Abdel Fattah Al-Sisi. The meeting was attended by Prime Minister Mostafa Madbouly, Minister of Electricity Mahmoud Esmat, and…

CI Capital Holding announced its financial results for 2025, reporting consolidated revenues of EGP 10.2bn and net profit after tax and minority interest (NPATM) of EGP 1.6bn. The group’s on-balance sheet lending portfolio expanded by 28% year-on-year (y-o-y) to EGP 27.8bn, while return on average equity (RoAE) stood at 21.3%.…

Unilever Egypt has launched Knorr’s Ramadan 2026 campaign, “Knorr 7aletha”, aiming to engage more than 10 million Egyptians during the holy month through a consumer-led initiative that links everyday cooking to direct meal donations. In addition to Knorr’s ongoing meal preparation and distribution programmes supporting vulnerable communities, the campaign introduces…

Minister of Transport Kamel Al-Wazir toured Alexandria to review progress on the rehabilitation and modernisation of the historic Raml Tram, a flagship national project aimed at upgrading urban mobility and easing traffic congestion across the coastal city. The 13.2-kilometre line, comprising 24 stations, including 5.7 km at grade, 7.3 km…

Egypt’s Minister of Industry, Khaled Hashem, held an extensive meeting with representatives of Elaraby Group, led by CEO Mohamed El-Araby, to review the company’s current operations, future expansion plans, and the challenges facing its production activities. During the meeting, the group outlined its upcoming projects in New Quesna City, with…

Egypt’s Health Minister Khaled Abdel Ghaffar and Higher Education Minister Abdelaziz Konsowa held talks on integrating university hospitals into the country’s Universal Health Insurance system, according to a statement from the health ministry. The ministry said the step is aimed at strengthening institutional cooperation between the health and higher education…

Egypt’s Minister of Planning and Economic Development, Ahmed Rostom, held talks with Naoufel Telahigue, Regional Director of the Near East, North Africa, Europe and Central Asia Division at the International Fund for Agricultural Development (IFAD), to explore avenues for broadening cooperation in food security projects and strengthening support for smallholder…

The Sovereign Fund of Egypt (TSFE) has invited investment banks and specialised financial institutions to submit technical and financial bids to manage the sale of a stake of up to 20% in Misr Life Insurance, the Ministry of Investment and Foreign Trade said. The move to appoint a manager to…

The US dollar continued its rise against the Egyptian pound during trading on Tuesday, officially surpassing the LE50 mark in several banks operating in the local market. It made a new increase of approximately 20 piasters compared to Monday’s trading levels, amidst rapid movements in the exchange market and market…