Day: August 23, 2026

The Central Bank of Egypt (CBE) has approved regulations governing the services of the Digital Financial Identity (DFI) Platform for identifying bank customers and electronically verifying their identities (eKYC), as part of the CBE’s ongoing efforts to support digital transformation and promote financial inclusion. The new regulations align with Egypt’s…

International investors have lowered their assessment of investment risk in Egypt to its lowest level since 2014 in response to recent economic reforms, Finance Minister Ahmed Kouchouk said.   Speaking at an open dialogue with the heads of newly appointed Egyptian diplomatic missions abroad, Kouchouk stated that the country’s economy…

Transport Minister Kamel Al-Wazir said Egypt has successfully forged strategic partnerships with major global port operators, shipping lines and international operators, strengthening the ability of Egyptian ports to attract transshipment trade and enhance their global competitiveness. He also expressed his aspiration to expand cooperation with US companies in the sector.…

Zinox El Zenouki and Master El Zenouki, manufacturers of household cookware, are expanding their domestic customer base while preparing to begin production at a new factory in mid-October, according to Mahmoud El Zenouki, CEO of the two companies. El Zenouki said the companies began revising their sales policies at the…

Egypt is strengthening its position as a regional investment and business hub as Gulf companies and international investors increasingly look to the country as a long-term base for expansion, according to Mohamed Awaad, Egypt Corporate Agent at Ziada DC – UAE. Awaad said the renewed interest reflects a broader shift…

Minister of Supply and Internal Trade Sherif Farouk has directed the urgent formation of a joint committee to evaluate the demands of bakery owners and propose executive solutions, with a mandate to deliver a comprehensive report within one month.   The directive was announced during an extensive meeting between Farouk,…

Egypt has called for sustainable and predictable financing to strengthen Africa’s preparedness for epidemics, while urging the continent to play a greater role in shaping the future of the global health system. Health and Population Minister Khaled Abdel Ghaffar, co-chair of the African High-Level Ministerial Committee on Global Health Architecture…

Egypt is stepping up preparations for the ninth Cairo Water Week, scheduled to take place from 25 to 29 October 2026 under the theme “Water as a Catalyst for Peace, Shared Prosperity and a Sustainable Planet,” under the patronage of President Abdel Fattah Al-Sisi. Water Resources and Irrigation Minister Hani…

Aqar Exit has launched operations in Egypt’s real estate market, aiming to help customers facing difficulties meeting property-related financial obligations exit their units and recover amounts already paid. The platform connects distressed customers with new buyers at existing contract prices, offering sellers an exit option while providing buyers access to…

Cazamond Developments has launched a new strategy to expand its presence in Egypt’s Delta region, with projects planned in New Damietta and New Mansoura. The company said the strategy builds on more than 11 years of experience in the Delta, where it initially operated in engineering, architectural, and structural design…