Month: July 2026

Egypt’s Agricultural Development Programme (ADP), affiliated with the Ministry of Agriculture and Land Reclamation, plans to double its financing portfolio from EGP 5bn to EGP 10bn while expanding lending in both local and foreign currencies to support agricultural investment, exports and food security. The plans were announced by Hamdy Azzam,…

Gold prices in Egypt recorded a strong weekly increase, supported by a sharp rally in international bullion markets after weaker-than-expected US labour market data fuelled expectations that the US Federal Reserve could adopt a less restrictive monetary policy, according to a technical report issued by online gold and jewellery trading…

Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, met with members of parliament to discuss public requests related to covering irrigation canals and replacing or rehabilitating bridges, stressing that all proposals must undergo comprehensive technical evaluation to safeguard the efficiency of the country’s water management system. According to a…

Banque Misr has officially launched its branch in Riyadh, marking the start of its banking operations in Saudi Arabia after completing all regulatory requirements and obtaining approval from the Saudi Central Bank (SAMA). The expansion reflects the growing economic partnership between Egypt and Saudi Arabia and reinforces Banque Misr’s strategy…

The Central Bank of Egypt (CBE) has instructed banks operating in the domestic market to implement an Environmental and Social Risk Management System (ESRMS), with full implementation required by January 2028, as part of its ongoing efforts to strengthen sustainable finance and embed environmental and social considerations into banks’ lending…

The aggregate balance sheet of banks operating in Egypt, excluding the Central Bank of Egypt (CBE), rose to EGP 24.920trn in February 2026, up from EGP 24.508trn in January, according to the CBE’s latest monthly report. The increase of approximately EGP 412bn reflects continued growth across the banking sector’s assets,…

TELLR is a platform that will  serve as the official digital gateway to the your Sahel experience, bringing together all services under one unified super app designed to enhance visitor convenience, engagement, and accessibility. The platform aims to provide a seamless end-to-end customer journey for both local and international visitors,…

Andrew Naylor, Head of Middle East and Public Policy at the World Gold Council, stated that the direction of gold in the coming period will be determined by several factors, most notably global interest rate expectations—particularly the Federal Reserve’s decision expected next October—alongside inflation rates, which peaked at around 3.9%…

Investment and Foreign Trade Minister Mohamed Farid Saleh stressed that Nigeria is an important economic and investment partner for Egypt and a promising market for Egyptian companies and products. Farid noted that the ministry is working to deepen cooperation with African countries and open new areas for investment and trade…

Alexandria University’s Council has approved a donation worth EGP 1.53m from Talaat Moustafa Group (TMG) to support the Aquaphoton team, which is representing the university in the regional competition for unmanned submarines and marine robots. The donation aims to strengthen the team’s technical and operational capabilities, enabling it to represent…