Month: May 2026

The US Dollar has crossed the LE 53 mark across several local Egyptian commercial banks. This upward movement is driven by a broader global rally of the greenback and intensifying geopolitical anxieties within the Middle East, Al-Mal reported. Global dynamics fueling the greenback This domestic shift mirrors a strong international…

Deputy Minister of Foreign Affairs for International Cooperation, Samar al-Ahdal stressed the importance of enhancing development financing and supporting digital transformation and innovation in the countries of the Global South to confront growing economic and geopolitical challenges. This came during  Samar al-Ahdal’s participation, on behalf of Badr Abdelatty, Egypt’s Minister…

The Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank), George Elombi,  announced a collaboration with the Central Bank of Egypt to establish a specialized gold bank headquartered in the Egyptian capital Cairo, RT reported on Thursday. Elombi said that Egypt was chosen as the headquarters for…

Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates Badr Abdelatty reaffirmed Egypt’s commitment to attracting further Indian investments and boosting bilateral trade. The minister’s remarks came during talks with Indian Minister of Commerce and Industry Piyush Goyal on the sidelines of the BRICS foreign ministers’ meeting held on Friday…

Banque Misr has signed a cooperation protocol with the Ministry of Awqaf on Wednesday, May 13, 2026, at the Cabinet headquarters, in the presence of Prime Minister Moustafa Madbouly. The signing was attended by Minister of Awqaf Osama Al-Azhari, CEO of Banque Misr Hesham Okasha, and Head of the Retail…

Egypt’s cabinet has approved a draft law establishing the “Takaful Fund to Support the Egyptian Family,” a state-backed entity designed to execute unpaid alimony and child support judgments, including school fees, and to provide financial aid to families lacking a primary breadwinner. Prime Minister Mostafa Madbouly confirmed the legislative move…

The government confirmed its commitment to list several Armed Forces-affiliated companies on the Egyptian Exchange (EGX), including National Company for the Sale and Distribution of Petroleum Products (Wataniya), Silo Foods, ChillOut, and the National Company for Road Construction, Development and Management. The confirmation came during a Wednesday meeting chaired by…

The Egypt Healthcare Authority has provided over 330,000 mental health, support, counselling, and referral services within 227 primary care facilities across the first-phase governorates of the Universal Health Insurance system. The services were delivered at family medicine centres and units in Port Said, Luxor, Ismailia, South Sinai, Suez, and Aswan.…

Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, underscored that sustainable water management is essential for strengthening food security and improving the resilience of Africa’s agricultural systems against climate change and water scarcity.   According to the ministry, Sewilam participated in a high-level roundtable on agriculture during the Africa…

Buyers of state-managed Eid Al-Adha sacrificial meat vouchers will be able to pay in instalments over six months, following two cooperation protocols signed between the Ministry of Awqaf, Banque Misr, and the National Bank of Egypt. The agreements, witnessed by Prime Minister Mostafa Madbouly at the government headquarters in the…