Day: May 9, 2026

The value of trade exchange between Egypt and France increased to $2.96bn in 2025, up from $2.94bn in 2024, reflecting annual growth of 1%, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). The figures were released in a statement issued by CAPMAS on the occasion of Egypt’s…

Egypt’s Ministry of Health and Population announced that the Egyptian medical mission accompanying this year’s Hajj pilgrimage had provided 645 healthcare services to Egyptian pilgrims in Saudi Arabia since their arrival through 8 May, confirming that no infectious diseases had been detected among pilgrims so far. In a statement, the…

Egypt has reaffirmed the importance of protecting migratory birds and preserving their natural migration routes as the country marked World Migratory Bird Day, according to a statement issued by the Ministry of Local Development and Environment. This year’s event is being held under the slogan “Every bird counts… your observation…

The Egyptian banking sector’s net foreign assets (NFA) stood at $21.32bn, equivalent to EGP 1.164trn, in March 2026, down from $27.385bn, or EGP 1.313trn, recorded in February, according to a report issued by the Central Bank of Egypt (CBE). The report showed that total foreign assets held by the banking…

The Industrial Development Authority (IDA) and the Federation of Egyptian Industries (FEI) have reviewed the implementation status of several state-backed financing initiatives aimed at supporting industrial expansion and addressing challenges facing investors. IDA Chairperson Nahed Youssef held an expanded meeting with FEI Deputy Chairperson and Head of the Industrial Licensing…

Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Esmat, held talks with a delegation from UAE-based AMEA Power, a subsidiary of the Al Nowais Group headed by Sheikh Hussein Al Nowais, to review progress on renewable energy and standalone battery energy storage system (BESS) projects with a combined generation capacity…

Egypt’s external debt rose to $163.7bn in September 2025, an increase of $2.5bn, or 1.5%, compared with June 2025, according to the Central Bank of Egypt (CBE). The increase was mainly driven by fresh loan disbursements and exchange-rate movements, although valuation effects reduced the debt stock by approximately $48m. Long-term…

The World Bank has approved a billion dollar financing package to support Egypt’s efforts in boosting private sector-led job creation, strengthening macroeconomic and fiscal resilience, and advancing its transition toward a green economy. This funding includes a $200 million credit guarantee provided by the UK. Known as the “Building Resilience,…