Month: September 2026

Egyptian Prime Minister Mostafa Madbouly has ordered governors to intensify market monitoring and enforce visible price displays as part of a newly launched six-month initiative to reduce prices on basic commodities across the country. During a Governors’ Council meeting in the New Administrative Capital, Madbouly mandated the creation of permanent…

Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), said the rules and parameters governing the proposed tax sukuk, including their rate of return, are currently being finalised ahead of their planned launch as a financing instrument for taxpayers in the domestic market within weeks. Abdel Aal said returns…

The eighth edition of the FDC Summit is set to take place from September 22 to 24 under the auspices of the Ministry of Communications and Information Technology, the Ministry of Industry, and the Cabinet’s Information and Decision Support Center. The summit will bring together senior government officials, representatives of…

Minister of Planning and Economic Development Ahmed Rostom visited the headquarters of eFinance for Digital and Financial Investments Group, in which the National Investment Bank (NIB), affiliated with the ministry, holds a 21.8% stake. During the visit, the minister held an extensive meeting with Ibrahim Sarhan, Chairperson of eFinance Group,…

A proposed national digital healthcare platform would connect health facilities and integrate patients’ medical histories and health records, while incorporating artificial intelligence and telemedicine services, Egypt’s Ministry of Health and Population said. Health Minister Khaled Abdel Ghaffar discussed the proposed project with representatives of MTS and Inspur after reviewing China’s…

A government committee has approved 42 of 44 projects and permit requests for activities along Egypt’s coastline, including port, power, and petroleum projects, while deferring one application and rejecting another for failing to meet the required conditions. The Higher Committee for Coastal Licensing, chaired by Water Resources and Irrigation Minister…

E20 Investment, a UAE-based investment group, has signed a memorandum of understanding (MoU) with EDAFA Venture, a regional venture capital company, to explore cooperation and investment opportunities in agriculture, aquaculture, food security, and related technologies, while supporting startups developing innovative solutions for these sectors. The MoU brings together E20 Investment’s…

A recognition highlighting the bank’s leadership in delivering innovative Islamic banking solutions and enhancing the customer experience. Abu Dhabi Islamic Bank Egypt (ADIB-Egypt) has been named “Best Islamic Bank in Egypt 2026” by the International Union of Arab Bankers for the second consecutive year, reaffirming the bank’s leading position in…

Deputy Prime Minister for Economic Affairs Hussein Issa affirmed the Egyptian government’s keenness to develop cooperation with Thailand across various sectors, especially economic, industrial, educational, and cultural fields, noting that the state prioritizes attracting foreign investment by enhancing business competitiveness and offering necessary incentives to support investor expansion. This came…