Month: August 2026

Abu Dhabi Islamic Bank – Egypt (ADIB-Egypt) has introduced tiered cashback rewards of up to 50% and zero-fee auto financing as part of its fourth annual “Summer Pros” summer promotional campaign running from June to August 2026. The bank is offering two auto financing packages aimed at facilitating car purchases.…

The Federation of Egyptian Industries (FEI) has signed a cooperation protocol with the General Union of Chambers of Commerce, Industry and Agriculture in Benghazi to organize an annual Egyptian-Libyan Industrial Integration Exhibition in Benghazi, with the first edition tentatively scheduled for April 2027. The initiative aims to strengthen industrial, trade,…

The Financial Regulatory Authority (FRA), chaired by Islam Azzam, has amended some of the conditions governing the conversion of real estate investment and development companies into real estate investment funds, previously set out under FRA Board Decision No. 179 of 2025. The amendments take into account the specific nature of…

Suez Canal Bank (SCB) delivered strong financial results during the first half of 2026, supported by robust growth across its core banking activities despite a macroeconomic environment marked by easing inflation and a cumulative 500 basis-point reduction in domestic policy rates since June 2025. Net interest income increased by 47.4%…

Housing and Development Bank (HDB) delivered strong financial results during the first half (H1) of 2026, underpinned by its solid financial position, efficient business model and flexible operating policies, as it continued executing its strategy focused on innovation, digital transformation, enhancing customer experience and strengthening customer confidence to drive sustainable…

The Executive Chairman of the Egyptian Exchange (EGX), Omar Radwan, affirmed that the Egyptian stock market acts as a mirror to the country’s economy. He noted that proactive measures taken by the Egyptian government at the onset of the region’s geopolitical crisis since March enabled the Central Bank to play…

Petroleum and Mineral Resources Minister Karim Badawi has announced the launch of the 2026 international bid round for crude oil and natural gas exploration, offering 14 new exploration areas to international and Egyptian companies in a move aimed at attracting more investment, boosting domestic production and supporting the targets of…

Egypt is targeting renewable energy to account for 45% of its total electricity generation by 2028 as it accelerates investments in clean energy, battery storage systems and local manufacturing. President Abdel Fattah Al-Sisi reviewed progress on the national strategy to expand new and renewable energy projects during a meeting in…