Day: October 10, 2026

Egypt’s annual urban inflation rate fell to 13.9% in September, down from 14.5% in August 2026, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS). However, monthly inflation accelerated to 1.3% in September, compared with 0.1% in August, driven primarily by higher vegetable and food prices. In a…

Egypt’s Water Resources and Irrigation Minister Hani Sewilam and International Center for Agricultural Research in the Dry Areas (ICARDA) Director General Nizar Haddad discussed expanding cooperation on water conservation, solar-powered irrigation, desalination and soil salinity management under a joint programme running through 2027. The two sides reviewed implementation of their…

Egypt has agreed with the African Union Development Agency – New Partnership for Africa’s Development (AUDA-NEPAD) programme to develop a long-term cooperation framework to expand local production of medicines, vaccines and medical technologies across Africa and identify priority healthcare projects for financing and implementation. The agreement was discussed during a…

Egyptian Tourism and Antiquities Minister Sherif Fathy held a series ofmeetings on the sidelines of the World Travel and Tourism Council’s (WTTC) 26th Global Summit in Valletta, Malta, to discuss expanding tourism cooperation, boosting arrivals to Egypt, and attracting more cruise and yacht tourism. Fathy met with Saudi Deputy Minister…

The Ministry of Finance said its fiscal policy priorities support and complement Egypt’s economic agenda to stimulate investment, promote growth and create jobs. It added that public finances were being managed flexibly to stimulate economic activity and drive growth while maintaining fiscal discipline and reducing debt. In a statement following…

President Abdel Fattah Al-Sisi said Egypt and Malaysia agreed to expand cooperation in renewable energy, industry, electronics, agriculture and food processing, with a joint committee scheduled to meet in the first quarter of 2027 to follow up on agreements reached during his official visit to Kuala Lumpur. Al-Sisi made the…

The Central Bank of Egypt (CBE) has revealed that the total financial position of banks operating in the domestic market, excluding the CBE itself, reached EGP 27.661trn in June 2026, compared with EGP 26.887trn in March 2026, an increase of EGP 774bn. In a recent report, the CBE said that,…

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