Day: July 21, 2026

Egypt will launch a sovereign-led industrial investment fund to enhance manufacturing capabilities and boost exports, alongside a separate fund targeting private sector investments in Africa, Minister of Investment and Foreign Trade Mohamed Farid announced on Tuesday. During a meeting with Prime Minister Mostafa Madbouly, Farid outlined the proposed investment structure…

Saudi German Hospital – Alexandria and Conceive Center for IVF and Infertility Treatment will sign a cooperation protocol on 30 July as part of efforts to strengthen Egypt’s position as a regional hub for medical tourism, particularly in fertility treatment and assisted reproductive technologies (ART). The partnership comes amid growing…

Egypt has developed 39 new cities over the past decade as part of its urban expansion strategy, with the New Administrative Capital emerging as the country’s flagship smart city and a model for investment-led development, Deputy Minister of Housing for New Urban Communities Walid Abbas said on Monday. Speaking at…

Egypt’s Ministry of Water Resources and Irrigation has agreed with South Sinai Governorate to strengthen oversight of groundwater use, continue surveying unlicensed wells, and review flood protection and coastal development projects as part of broader efforts to safeguard water resources and support sustainable development. The measures were discussed during a…

Egypt is implementing a coordinated action plan to tighten market controls and enforce energy efficiency standards for electrical appliances and equipment to curb consumption, Minister of Electricity and Renewable Energy Mahmoud Esmat announced. Esmat stated that generating one new megawatt of power costs five to seven times more than the…

Egypt has received more than 21 tonnes of French medical aid to support hospitals treating wounded people evacuated from the Gaza Strip, while Cairo and Paris discussed expanding cooperation on Egypt’s universal health insurance programme, the Ministry of Health and Population said. Health Minister Khaled Abdel Ghaffar met with Eléonore…

Rasha Abdel Aal, chief of the Egyptian Tax Authority (ETA), said the simplified tax regime introduced under Law No. 6 of 2025 marks a major step forward in supporting small businesses, micro-enterprises and entrepreneurs. She said the regime reflects the Ministry of Finance’s commitment, under the leadership of Finance Minister…

The Commercial International Bank (CIB) reported a resilient financial performance for the first half (H1) of 2026, posting consolidated net profit of EGP 39.3bn, or EGP 10.2 per share, up 18% from the same period last year, despite heightened geopolitical tensions and global economic uncertainty during the first quarter. The…

Egyptian Prime Minister Mostafa Madbouly has directed the government to finalise a new Infrastructure Finance Guarantee Facility (IFGF) by the end of the year to enhance private sector participation and reduce pressure on the state budget. The directive was issued during a meeting in the New Administrative Capital, where Madbouly…