Day: August 8, 2026

Europe is bracing for a severe winter diesel shortage as conflicts in the Middle East and Ukraine constrain global supplies and drive up prices, threatening significant regional inflation.   Disruptions in the Strait of Hormuz, damage to Arabian Gulf refineries, and Ukrainian strikes on Russian facilities have restricted regions that…

Egypt’s presidential women’s health initiative has recorded more than 71.3 million visits for screening, follow-up care, and health awareness services since its launch in July 2019, the Ministry of Health and Population announced. Ministry spokesperson Hossam Abdel Ghaffar said the total included approximately 23.5 million first-time visits, 34.1 million periodic…

Egypt is stepping up efforts to attract new Indian industrial investments and expand the presence of Indian companies in its manufacturing sector, with a focus on technology transfer, increasing local content, developing domestic supply chains, and positioning Egypt as a production and export hub for African and Middle Eastern markets.…

Egypt’s Ministry of Housing, Utilities and Urban Communities is continuing to offer a wide range of investment opportunities in new cities through the New Urban Communities Authority’s (NUCA) digital platforms for local and foreign investors, as part of efforts to attract private-sector investment and maximise the utilisation of state-owned assets.…

Egypt has intensified efforts to remove illegal encroachments along the Nile as part of a national project aimed at protecting the river’s hydraulic capacity, strengthening state control over the waterway and its adjacent lands, and improving river management, the Ministry of Water Resources and Irrigation said. Water Resources and Irrigation…

Egypt’s Financial Regulatory Authority (FRA), chaired by Islam Azzam, has approved the launch of live testing for the first two projects under its fintech regulatory sandbox, FRA-Sandbox, marking a significant milestone in the initiative’s first year of operation. The two projects have been granted approval to conduct live testing for…

MIDBANK has launched the “MID Plus” savings certificate, offering individuals a secure investment option with a variable annual return of up to 19.65% paid monthly or up to 19.5% paid daily, with a guaranteed minimum return of 17%. The certificate has a three-year tenor. The launch comes as part of…

The Central Bank of Egypt (CBE) announced that domestic liquidity in Egypt’s banking sector stood at EGP 15.261trn in June 2026, down from EGP 15.330trn in May. Data released by the CBE showed that the money supply declined to EGP 4.492trn in June, compared with EGP 4.502trn a month earlier.…