Day: September 21, 2026

Egypt’s private sector accounted for 63% of the country’s total investments over the past year, becoming the largest contributor to economic growth following a 32% increase in private investments, Minister of Finance Ahmed Kouchouk said. Speaking during an open dialogue with the business community at the American Chamber of Commerce…

The Financial Regulatory Authority (FRA) has launched an extensive dialogue with stakeholders to develop the services, procedures, and electronic operating system of the Egyptian Movable Collateral Registry, in line with directives from FRA Chairperson Islam Azzam to monitor the effectiveness of services provided by the registry and identify key observations…

The Financial Regulatory Authority (FRA) has approved the establishment, registration and licensing of 11 companies and entities to conduct non-banking financial activities, alongside the establishment of investment funds and specialised companies operating across several activities. The decisions included approval for the establishment of Tafra Investment Group, a special purpose acquisition…

Egyptian Minister of Electricity and Renewable Energy Mahmoud Esmat reviewed plans to upgrade the national unified power grid to absorb new solar and wind capacities and implement battery storage projects to ensure a sustainable electricity supply. During a meeting with the ministry’s strategic committee, Esmat discussed scenarios to secure the…

Egypt’s Ministry of Industry held a roundtable with German industrial companies operating or seeking to invest in the Egyptian market to discuss expansion plans, challenges, and potential solutions, as part of efforts to strengthen industrial and investment cooperation between the two countries. The meeting was chaired by Minister of Industry…

Minister of Health and Population Khaled Abdel Ghaffar discussed with a World Bank delegation existing cooperation frameworks and areas of future partnership to support Egypt’s health sector, as part of ongoing efforts to develop the healthcare system and improve the quality of services provided to citizens. Ministry Spokesperson Hossam Abdel…

The government affirmed its commitment to securing safe levels of foreign exchange reserves to safeguard strategic commodity needs, noting ongoing efforts to bolster strategic inventories through constant coordination with the Central Bank. This came during Prime Minister Mostafa Madbouly’s meeting on Sunday, September 20, 2026, with Central Bank of Egypt…

Sheraton Soma Bay Resort welcomed a distinguished gathering of leading celebrities, artists and media personalities during Miss Elite World 2026, bringing international glamour and attention to Egypt’s Red Sea. The event featured an impressive jury led by iconic Egyptian superstar Yousra as Head of Jury, alongside prominent personalities including Tamer…