Day: April 25, 2026

Egypt’s Egyptian Accreditation Council (EGAC), affiliated with the Ministry of Industry, has extended its international recognition from the European Cooperation for Accreditation (EA) to include carbon footprint verification under ISO 14067 standards. The expanded scope covers certification and verification bodies and has been reflected in global accreditation databases, including the…

Egypt produces around 1.1 million tonnes of methanol annually, meeting domestic industrial demand while exporting surplus volumes to global markets, Minister of Petroleum and Mineral Resources Karim Badawi said. Speaking at the general assembly meeting of Methanex Egypt to approve its 2025 financial results, Badawi highlighted the company’s strategic role…

Egypt’s Ministry of Water Resources and Irrigation has highlighted a series of major water projects in the Sinai Peninsula as central to boosting agricultural expansion and strengthening food security, marking Sinai Liberation Day. In a statement, Water Minister Hani Sewilam said the government is advancing large-scale water management initiatives as…

The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has injected EGP 939.4m into North and South Sinai between 2014 and 2025, financing nearly 10,000 projects and generating around 25,000 job opportunities. Of the total funding, EGP 23m was allocated as grants to support infrastructure, community development, and training programmes,…

Egypt’s Financial Regulatory Authority (FRA) has granted temporary operating licences to six healthcare third-party administrator (TPA) companies, as the regulator begins enforcing the country’s new Unified Insurance Law, the authority’s chairperson said. The announcement came during an extended meeting held by FRA Chairperson Islam Azzam with TPA representatives, authority leaders,…

IBAG, a leading international money transfer company, has announced the launch of its new brand identity under the name “Rimmit”, marking a strategic evolution in its journey to deliver advanced non-banking financial solutions in Egypt and globally. The rebranding coincides with the company’s 30th anniversary, celebrating three decades of leadership…

In a move reflecting clear flexibility in liquidity management, both the National Bank of Egypt and Banque Misr have announced an increase in the yield on three-year fixed-rate certificates to 17.25%, emphasising that the decision is aimed at offering savings instruments suited to the needs of different segments of society.…