Month: May 2026

Egypt’s Finance Minister Ahmed Kouchouk announced that EGP 90bn has been earmarked in the 2026/2027 fiscal year budget to expand programmes supporting production, exports, and entrepreneurship. Kouchouk said the allocations include EGP 48bn for export rebate payments and EGP 7bn to support the tourism sector, underscoring the government’s commitment to…

Egyptian President Abdel Fattah Al-Sisi has called for strengthening the global competitiveness of Egyptian universities and expanding international academic partnerships as part of broader efforts to position Egypt as a regional hub for higher education, scientific research, and innovation. The directive came during a meeting with Prime Minister Mostafa Madbouly…

Egypt’s Minister of Communications and Information Technology, Raafat Hindi, held talks with Amr Sobhy, Chairperson of Concentrix Egypt, to discuss the company’s expansion plans in the Egyptian market, efforts to create new employment opportunities, and prospects for strengthening cooperation in digital skills development and training initiatives. Concentrix Egypt, which specialises…

Egypt’s Financial Regulatory Authority (FRA) has issued a new decision reducing the fees charged by Misr for Central Clearing, Depository and Registry (MCDR) for all participants operating within digital platforms dedicated to investment in real estate investment fund certificates. The move is part of the FRA’s broader strategy to support…

Gold prices in Egypt fell sharply in May 2026, weighed down by a stronger Egyptian pound and weaker global bullion markets, according to the Gold and Precious Metals Division at the Federation of Egyptian Industries. Division Chairperson Ehab Wassef explained that the local market faced a dual squeeze: international gold…

Egypt’s Health Ministry announced it will launch a nationwide “Newborn Care Pathway” programme through primary healthcare units and centres starting June 1, 2026, as part of efforts to strengthen maternal and child health services. The initiative, directed by Health Minister Khaled Abdel Ghaffar, forms part of the broader “Healthy Life…

Madinet Masr announced its standalone financial results for the first quarter (Q1) of 2026, reporting resilient profitability, strong cash generation, and accelerated project deliveries despite a normalization in market demand following two years of exceptional growth. The company recorded new sales of EGP 11.7bn during Q1 2026, compared to EGP…

Egypt’s presidential Housing for All Egyptians initiative is approaching a landmark milestone of one million affordable housing units, further cementing its status as the largest housing programme for low- and middle-income citizens in the country’s history. According to the latest report issued by the Ministry of Housing, Utilities and Urban…

Egypt’s real estate market entered a more measured phase of growth in the first quarter (Q1) of 2026, as the sector adjusted following several years of rapid expansion fuelled by aggressive project launches, flexible payment schemes, and strong investment inflows from Gulf markets. According to a new quarterly report by…