Day: May 12, 2026

Talaat Moustafa Group reported strong financial results for the first quarter of 2026, posting a 24% year-on-year increase in net profit to EGP 5.5bn, reflecting the group’s continued operational momentum across its core business segments. The group’s revenues rose 39% year-on-year during the first three months of 2026 to reach…

Egypt’s Health Ministry highlighted the importance of investing in nursing staff and expanding training programs during celebrations marking International Nurses Day, held under the slogan “Supporting nurses saves lives.” Health Minister Khaled Abdel Ghaffar emphasized that nursing staff represent one of the main pillars of Egypt’s healthcare system. The ceremony…

Rayz Developments, the real estate arm of AlShams for Contracting and Engineering Works, has officially entered Egypt’s real estate market with the launch of its first mixed-use project, BRX, in New Cairo. The development reflects the company’s strategy to create integrated commercial and administrative destinations that combine visibility, accessibility, and…

Egypt’s Nasser Social Bank has drafted a budget of EGP 44.7bn for the fiscal year (FY) 2026/27, an increase from the revised EGP 43.8bn for FY 2025/26, as the institution aims to expand social protection programmes and microfinance. The financial plan was outlined during a board of directors meeting at…

Commercial International Bank (CIB) reported consolidated net profit of EGP 17.8bn for the first quarter (Q1) of 2026, equivalent to EGP 4.65 per share, marking a 7% increase compared with the same period last year. The bank said it delivered resilient financial results despite an increasingly uncertain global environment during…

The Financial Regulatory Authority (FRA), chaired by Islam Azzam, has issued its first report on the performance of investment funds operating in the Egyptian market during the first quarter (Q1) of 2026, revealing strong growth that reflects rising demand for investment funds as one of the key investment instruments in…

Minister of Industry Khaled Hashem held talks with a delegation from Gürok Group to discuss the company’s plans to establish a new industrial project in Egypt specialising in glass tableware manufacturing for export markets. During the meeting, the two sides reviewed the framework of the proposed project, which is expected…

World Bank Global Director for Governance Arturo Herrera Gutierrez underscored the importance of measuring state assets in Egypt’s public finance management, noting that governments often emphasize financial flows, such as revenues, taxes, budgets, and public investment, while assets remain underrepresented in fiscal analysis. This, he said, can limit the completeness…

Ahmed Rostom, Minister of Planning and Economic Development, participated in a meeting of the External Relations Committee of the Organisation for Economic Co-operation and Development (OECD) to review areas of cooperation between Egypt and the organisation. During his remarks, Rostom highlighted the depth of cooperation between Egypt and the OECD,…

Egypt’s Prime Minister Mostafa Madbouly met with Minister of Planning and Economic Development Ahmed Rostom to review the progress of the country’s FY2025/26 economic and social development plan and discuss measures to enhance the governance of public investments. During the meeting, Madbouly reaffirmed the government’s commitment to driving forward projects…