Day: August 3, 2026

Egyptian Prime Minister Mostafa Madbouly said on Monday that Chinese investments in Egypt exceeded $10bn, highlighting growing confidence among Chinese businesses in Egypt’s investment climate as the government reviewed new opportunities to deepen economic cooperation with Beijing. Madbouly made the remarks while chairing the third meeting of the Ministerial Committee…

Egypt’s banking sector recorded a sharp increase in net foreign assets (NFA) in June 2026, with the balance rising to $27.965bn, equivalent to EGP 1.378trn, up from $22.9bn, or EGP 1.198trn, in May, according to data released by the Central Bank of Egypt (CBE). The increase came as the Egyptian…

  For squash coaches, keeping track of your players’ mistakes can turn into a tedious second job. You can write them down, but soon enough that stops being useful and starts being exhausting. So what’s the solution? A bunch of professional and ex-squash players living abroad in the U.S. came…

Egyptian President Abdel Fattah Al-Sisi reviewed Egypt’s food security system on Saturday, including strategic commodity stocks, food subsidy programmes, and social protection measures, as officials confirmed that the country’s reserves of essential goods remain at “very reassuring” levels despite ongoing regional tensions. During a meeting in El Alamein with Prime…

Egypt has introduced legislative amendments to exempt capital gains on listed securities from income tax, subjecting them solely to a proportional stamp duty, the head of the Egyptian Tax Authority announced. The move aims to enhance the competitiveness of the stock market and attract further investments. Rasha Abdel Aal, head…

Egypt’s Ministry of Health and Population has placed hospitals nationwide on high alert for 48 hours following the early morning earthquake, while reporting only a limited number of minor injuries and no fatalities. Health Minister Khaled Abdel Ghaffar chaired a meeting of the ministry’s central crisis committee at the New…

The Central Bank of Egypt (CBE), in cooperation with the Association of African Central Banks (AACB), has launched the electronic portal of the African Financial Stability Committee (AFSC), marking a new step in strengthening institutional cooperation among African central banks and enhancing mechanisms for knowledge and expertise sharing in the…

Minister of Housing, Utilities, and Urban Communities Randa El-Menshawy chaired a meeting to review the latest amendments to Egypt’s Building Law, with a particular focus on reorganising the legal framework governing home occupants’ associations as part of broader efforts to improve property management and support sustainable urban development. Opening the…

Minister of Finance Ahmed Kouchouk said the government’s new tax facilitation package will benefit all taxpayers, stressing that the measures were developed through extensive consultations with market participants, the private sector, and tax specialists based on a partnership built on trust. Speaking at an investor conference organised by the Egyptian…