Day: May 23, 2026

Salah Gombalat, Minister of State for Military Production, held a meeting with chairpersons of affiliated companies and units to review progress on ongoing projects, assess implementation rates, and monitor development plans across entities under the ministry’s umbrella. During the meeting, Gombalat stressed the importance of strengthening cooperation with the private…

Egypt’s Financial Regulatory Authority (FRA), chaired by Islam Azzam, has approved licences and authorisations for eight companies to operate across a range of non-banking financial activities. The approvals aim to support the expansion of healthcare management programmes, investment funds, and consumer finance services, while strengthening the investment environment and broadening…

Egypt recorded a 15.6% increase in inbound tourist arrivals during the first quarter (Q1) of 2026 compared to the same period last year, according to Minister of Tourism and Antiquities Sherif Fathy. The announcement followed Fathy’s visit to New York, where he met with leading US travel and tourism media…

Egypt played a leading role at the 79th World Health Assembly in Geneva, where six international health resolutions spearheaded by the country were adopted, underscoring its growing influence in shaping global health policy.   Health Minister Khaled Abdel Ghaffar said the resolutions addressed key areas including personalised medicine, metabolic dysfunction-associated…

The Central Bank of Egypt (CBE) expects annual headline inflation to accelerate through the third quarter (Q3) of 2026, driven partly by unfavourable base effects, supply-side pressures linked to ongoing regional conflict, exchange-rate movements and fiscal adjustment measures. Earlier on Thursday, the Monetary Policy Committee (MPC) decided at its third…

Korra Energi adopted an accelerated timetable for its debut on the Egyptian Exchange (EGX), moving quickly between regulatory approval of its prospectus and a mid-week investor roadshow as part of a strategy to complete both the private placement and public offering before the Eid holiday. The company, led by CEO…

Ahmed Rostom, Minister of Planning and Economic Development, convened a high-level meeting with Ashraf Negm, Vice Chairperson and Managing Director of the National Investment Bank (NIB); Osama Saleh, Chairperson of Ayady for Investment and Development and former Minister of Investment; Rafeh Saleh, CEO of the Entrepreneurship Sector at NI Capital;…

Banque Misr has announced the launch of a dedicated financing programme for residential solar panel systems, offering flexible repayment terms and competitive benefits tailored to different customer segments, as part of its commitment to supporting Egypt’s transition towards greater use of renewable energy sources. Under the programme, the bank will…

Mastercard has announced a new partnership with Commercial International Bank (CIB) to strengthen digital payments innovation and broaden access to financial solutions in the Egyptian market. Under the collaboration, Mastercard will support CIB across a range of core digital payments and card issuance functions, enabling the bank to provide more…