Month: August 2026

The Financial Regulatory Authority (FRA), chaired by Islam Ezzam, has approved four companies to engage in a range of non-banking financial activities, as part of its ongoing efforts to enhance the efficiency and competitiveness of the sectors under its supervision, expand financial services, strengthen Egypt’s investment appeal and broaden access…

Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), and Abdelaziz Konsowa, Minister of Higher Education and Scientific Research and Acting Minister of Culture, reviewed the progress of the national Future Scholars Fund initiative and preparations to admit a new cohort of students for the 2026/2027 academic year during…

Egypt’s Minister of Industry, Khaled Hashem, has held talks with representatives of Austria-based RHI Magnesita to discuss the company’s plan to establish an integrated refractory manufacturing plant in Egypt, as part of the ministry’s strategy to deepen heavy industries and localize complementary industrial sectors. The meeting was attended by Hakimuddin…

Egyptian Prime Minister Mostafa Madbouly confirmed that Chinese investments in Egypt have surpassed US$ 10 billion, RT reported on Monday. During the third meeting of the Ministerial Committee for China Affairs, he explained that a large number of companies operating in various economic sectors represent these investments. These investments reflect…

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…