Month: July 2026

Egypt’s financial sector will observe a long weekend next week, as the Central Bank of Egypt announced that all banks operating in the country will close on Thursday, July 23, 2026, to mark the anniversary of the July 23 Revolution. Transactions and regular banking services are scheduled to resume on…

Economist Mostafa Badra warned that persistent global conflicts and regional escalations could trigger a hike in domestic fuel prices. His analysis came as Egypt’s Fuel Automatic Pricing Committee prepares its next review, relying on a strict trio of economic indicators. Speaking during a televised phone-in on MBC Masr’s Yahduth Fi Misr (Happening…

Egyptian Minister of Investment and Foreign Trade Mohamed Farid has pledged to streamline regulations and resolve operational hurdles for French businesses during a meeting with the heads of 22 major French companies to discuss expansion plans and boost exports. The meeting, attended by French Ambassador to Cairo Eric Chevalier, addressed…

Ceramics and sanitary ware factories in Egypt have agreed to formulate action plans to reduce natural gas consumption by up to 25 per cent and electricity use by 15 per cent, the Ministry of Industry announced. The targets were agreed upon during a workshop hosted by the ministry for 25…

The World Bank Group has pledged to support Egypt in building a competitive digital economy and advancing artificial intelligence (AI) adoption, as officials reviewed the country’s broadband expansion and the rollout of its second national AI strategy. Minister of Communications and Information Technology Raafat Hindi met with Paschal Donohoe, Managing…

Minister of Planning and Economic Development Ahmed Rostom met with Sabina Alkire, Director of the Oxford Poverty and Human Development Initiative (OPHI), to discuss expanding cooperation on the development and measurement of multidimensional poverty indicators and adopting the latest international methodologies in the field. The meeting took place on the…

Intelligent Globe Construction (IGC), the engineering and construction arm of Intelligent Group, has expanded its operations in Egypt after signing a partnership agreement with the Ministry of Electricity and Renewable Energy, represented by the Egyptian Electricity Transmission Company (EETC), to implement a new 500 kV overhead power transmission line supporting…

Egyptian Minister of Water Resources and Irrigation Hani Sewilam held a series of high-level meetings on the sidelines of the UN High-level Political Forum on Sustainable Development to advance preparations for the 2026 UN Water Conference and promote stronger global water governance. Sewilam met UN Deputy Secretary-General Amina Mohammed, accompanied…