Day: April 6, 2026

The Egyptian government on Monday launched the fourth phase of the National Initiative for Smart Green Projects (NISGP), as part of ongoing efforts to support the transition to a green economy and strengthen climate action at the local level. The ministries of local development, higher education and planning, alongside the…

Egyptian President Abdel Fattah Al-Sisi on Monday called for sustained efforts to curb inflation and maintain a flexible, unified exchange rate, while ensuring sufficient foreign currency availability to support economic activity. During a meeting with Prime Minister Mostafa Madbouly and Central Bank Governor Hassan Abdalla, Al-Sisi stressed the importance of…

Egypt and Morocco signed a series of agreements on Monday spanning industrial cooperation, investment, and the avoidance of double taxation to strengthen bilateral relations, the Egyptian cabinet said. Egyptian Prime Minister Mostafa Madbouly and his Moroccan counterpart Aziz Akhannouch witnessed the signing ceremony in Cairo’s New Administrative Capital at the…

CI Capital, a leading financial services group, announced on Monday the successful completion of an EGP 2.214bn securitised bond issuance on behalf of Capital for Securitisation, with Halan Consumer Finance acting as the originator. The issuance was structured across two tranches. The first tranche, valued at EGP 1.528bn with a…

Ahmed Rostom, Minister of Planning and Economic Development and Chair of the National Investment Bank (NIB), chaired a meeting of the Bank’s Board of Directors to review progress on its ongoing restructuring, aimed at strengthening its role as the government’s development and investment arm. The meeting was attended by Hussein…

Egypt’s trade deficit widened to $4.8bn in January 2026, up from $4.2bn in the same month of 2025, marking a 15% year-on-year increase, according to Central Agency for Public Mobilization and Statistics (CAPMAS). In a statement issued on Monday, the agency said the rise in the deficit was primarily driven…

Mideast Communication Systems (MCS) has signed a memorandum of understanding with Egypt’s Ministry of Petroleum and Mineral Resources to enhance cybersecurity capabilities and develop skilled human capital across the petroleum sector, as part of broader efforts to support digital transformation in critical industries. The MoU was signed by Wael Lotfy,…

Minister of Industry Khaled Hashem held an extensive meeting with Mohamed El-Sewedy, Chairperson of the Federation of Egyptian Industries, and members of the Petroleum and Mining Chamber, led by Tamer Abdel Hamid Abu Bakr, to explore ways to maximise the value of Egypt’s mineral resources and deepen local manufacturing. The…

The Engineering Export Council of Egypt has launched a trade mission to Tunisia, bringing together 16 Egyptian companies as part of efforts to expand the global footprint of Egypt’s engineering exports. In a statement on Monday, the council said the mission is being organised in cooperation with the Egyptian Commercial…