Day: May 19, 2026

Egypt’s Minister of Health and Population, Khaled Abdel Ghaffar, discussed expanding healthcare cooperation and exchanging expertise with his counterparts from Burkina Faso and Lebanon on the sidelines of the 79th World Health Assembly in Geneva. In a statement, Egypt’s Ministry of Health said Abdel Ghaffar met with Robert Lucien to…

Egyptian President Abdel Fattah Al-Sisi met with Central Bank of Egypt (CBE) Governor Hassan Abdalla to review inflation trends, foreign currency reserves, and overall economic performance amid ongoing regional geopolitical tensions. According to a presidential statement, the meeting assessed Egypt’s economic reform programme and the impact of regional conflicts on inflation,…

Egypt targets the implementation of a plan to transition from in-kind to cash subsidies by the end of 2026, Deputy Prime Minister for Economic Affairs Hussein Eissa said on Tuesday. Speaking at the annual meeting of the American Chamber of Commerce in Cairo, Eissa also announced that there will be…

The International Finance Corporation (IFC) and the World Bank Group reaffirmed their commitment to turning Egypt’s economic reforms into sustained outcomes during an event at the Giza Pyramids marking 50 years of operations in the country. Speaking at the gathering, IFC Vice President for Africa Ethiopis Tafara stated that the…

The International Finance Corporation (IFC) is celebrating five decades of partnership with Egypt’s private sector, during which it has invested and mobilized more than $10bn across nearly 300 projects since 1976. According to IFC, these investments have spanned critical sectors including energy, agribusiness, manufacturing, healthcare, tourism, and financial markets. The…

Egypt aims to become one of the top five players globally across seven shortlisted industrial sectors by 2035 through deep integration into global supply chains, the country’s industry minister announced during an event marking 50 years of collaboration with the World Bank Group. Khaled Hashem, Minister of Industry, stated that…

Egypt is overhauling its post-establishment business regulations, including slashing the time required for capital increases and unifying operational licensing, to facilitate the ease of doing business equally for both domestic and foreign investors, the country’s investment minister said. Speaking at an event marking the 50th anniversary of the partnership between…

Annual urban headline inflation slowed to 14.9% in April 2026, down from 15.2% in March, according to the Central Bank of Egypt (CBE), which attributed the moderation primarily to easing non-food inflation despite a rebound in food price pressures. Annual non-food inflation declined to 20.1% in April from 21.5% in…

Egypt is exploring the establishment of small and medium-sized factories within villages as part of the new “Productive Villages” initiative, designed to harness local resources and create jobs. The pilot phase will be rolled out in two governorates in the Delta and Upper Egypt. The initiative was discussed during a…

Egypt’s Minister of Agriculture and Land Reclamation, Alaa Farouk, held talks with his Algerian counterpart, Yacine Oualid, on strengthening bilateral cooperation and translating the longstanding fraternal ties between the two countries into concrete economic and investment partnerships in the agricultural sector. The meeting took place on the sidelines of the…