Month: July 2026

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…

  Egypt’s Export Development Fund (EDF) has concluded a series of consultations with the country’s 12 export councils after holding a meeting on Monday, 20 July, with the Export Council for Building Materials, Refractory & Metallurgy Industries (ECBM).  The discussion focused on ways to strengthen Egypt’s export base and raise…

Egyptian President Abdel Fattah Al-Sisi and Montenegro’s President Jakov Milatović agreed on Saturday to deepen economic and investment cooperation while discussing developments in the Middle East and other regional issues, according to the Egyptian presidency. The presidency said Milatović’s visit marked the first presidential trip to Egypt since the two…

More than 3,550 trainees have graduated from free vocational programmes under a partnership between the Egyptian Ministry of Labor and the Italian Salesian Institute “Don Bosco,” with both parties planning to expand cooperation to meet local and international labour market demands. Minister of Labor Hassan Radad met with an institute…