Day: July 11, 2026

Egypt’s Financial Regulatory Authority (FRA) has extended compliance deadlines for healthcare management companies and non-resident foreign reinsurance brokers, giving market participants additional time to meet regulatory requirements under the Unified Insurance Law. The decisions were approved by the FRA’s Board of Directors, chaired by Islam Azzam, as part of the…

Fourteen countries accounted for 68.8% of Egypt’s total foreign trade during the first half (July–December) of fiscal year 2025/26, with combined trade reaching $50.616bn, according to a report published by the Central Bank of Egypt (CBE). The total comprised imports worth $36.147bn and exports amounting to $14.469bn. According to the…

Al Alamein International Airport recorded a 57% year-on-year increase in passenger traffic as Egypt accelerates preparations to host the second edition of the Egypt International Air Show (EIAS 2026) this September, according to the Cabinet’s Information and Decision Support Center (IDSC). The government said the airport’s rapid growth reflects broader…

Egypt is exploring technical cooperation with China Southern Power Grid (CSGI) to upgrade its national electricity grid and integrate 45 per cent renewable and clean energy into its energy mix over the next two years, the Ministry of Electricity and Renewable Energy said. Minister of Electricity and Renewable Energy Mahmoud…

Egypt’s Minister of Industry, Khaled Hashem, began a field tour of El Mahalla El Kubra—one of the country’s largest industrial hubs—with a visit to the Misr Spinning and Weaving Company complex, reaffirming the government’s commitment to modernising the textile sector, strengthening domestic manufacturing, and increasing industrial competitiveness. The visit forms…

Minister of State for Military Production Salah Gamblat said the Ministry of Military Production is developing a new strategy to modernise its affiliated companies, with a focus on digital transformation, the expanded use of industrial software, artificial intelligence (AI) applications, and the upgrading of manufacturing systems in line with rapid…

Egypt has completed around 25% of four local economic development projects in Fayoum, Beni Suef, Luxor and Aswan under a European Union-funded technical assistance programme implemented in cooperation with the United Nations Development Programme (UNDP), Minister of Local Development Manal Awad said. According to a ministry statement, the projects include…

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) explained the rationale behind its decision to leave key policy interest rates unchanged for the third consecutive meeting, saying the move reflects its assessment of recent inflation developments and the outlook since its previous meeting. At its meeting…