Day: July 18, 2026

Egyptian President Abdel Fattah Al-Sisi and Tanzanian President Samia Suluhu Hassan discussed plans to launch a large-scale agricultural land reclamation project, establish a new maritime shipping route, and expand cooperation in port development, as the two countries moved to strengthen economic, trade and investment ties. According to the Egyptian presidency,…

Egypt’s annual urban headline inflation eased to 14.3% in June 2026, down from 14.6% in May, as a sharp slowdown in food inflation offset continued increases in non-food prices, according to the Central Bank of Egypt (CBE). The CBE said the moderation was primarily driven by annual food inflation, which…

Karim Malash, chairperson and chief executive officer of M squared, has been named one of CNBC Arabia’s Top 100 Business Leaders for 2026. The ranking identifies executives, founders, and innovators based on their measurable performance and tangible impact on Middle Eastern economies and markets, rather than media visibility. Nominations are…

The Egyptian Exchange (EGX) marked the 30th anniversary of Commercial International Bank – Egypt’s (CIB) launch of its Global Depositary Receipts (GDRs) programme in international markets with a special opening bell ceremony, celebrating a milestone that helped connect Egypt’s capital market with global investors and expand the bank’s international presence.…

The Financial Regulatory Authority (FRA) has required life insurance companies to obtain a credit report for any applicant seeking an individual life insurance policy worth EGP 10m or more, or the equivalent in foreign currency, as part of new risk management standards aimed at strengthening underwriting decisions and enhancing protection…

Gold prices in Egypt edged higher on Saturday despite the closure of global markets, following a volatile week in which bullion recorded its steepest weekly decline since early June, as rising US Treasury yields and a stronger dollar outweighed support from heightened geopolitical tensions, according to Marsad Al Dahab for…

Egypt’s Ministry of Social Solidarity announced its participation in a comprehensive national plan to manage street animals, as part of a unified strategy aimed at protecting citizens’ health and environmental security. The initiative follows directives from President Abdel Fattah Al-Sisi to increase integration among state institutions. The plan was activated…

Minister of State for Military Production Salah Gamblat met with Ahmed El Assar, Founder and Managing Director of Masar for Consultancy and Business Development, and Sherif Barakat, Chief Executive Officer of Thales Egypt, to review progress on ongoing cooperation and explore opportunities to expand their partnership in communications equipment and…

Egypt’s microfinance sector maintained strong growth during the first quarter (Q1) of 2026, with the total outstanding microfinance portfolio approaching EGP 108bn, according to Hala Abu Elsaad, Chairperson of the Egyptian Federation for Financing Medium, Small and Micro Enterprises (MSMEF). The total portfolio increased from approximately EGP 105bn in March…