Day: October 17, 2026

Reducing high debt service costs at a faster pace is the focus of further structural reforms, the Egyptian finance ministry announced following a decision by Moody’s to upgrade the country’s credit rating to “B3” with a positive outlook. In a statement addressing the upgrade, the ministry acknowledged the ongoing challenge…

Egyptian Prime Minister Mostafa Madbouly reviewed the country’s National Economic Transformation Programme, aimed at building a resilient economy capable of sustainable growth, ahead of its presentation at the upcoming Egypt Forum 2026. During a meeting on Saturday with Finance Minister Ahmed Kouchouk and Minister of Planning and Economic Development Ahmed…

The Egyptian Organization for Standardization and Quality (EOS) has signed a cooperation protocol with PhotonX to provide engineering testing, product conformity assessment and specialised technical services to manufacturers, supporting improvements in the quality of Egyptian products. The protocol was signed by Khaled Soufi, Chairperson of EOS and President of the…

The Ministry of Finance said it was facing the challenge of high debt-servicing costs and working tirelessly to reduce them at a faster pace over the coming period. In a statement following Moody’s upgrade of Egypt’s credit rating to B3 with a positive outlook, the ministry said economic and fiscal…

Gold prices in the Egyptian market increased by EGP 95 over the week from 10 to 17 October, with the price of 21-carat gold, the most widely traded grade, reaching EGP 6,250 per gram on Friday, compared with EGP 6,155 last Saturday, according to data released by gold and jewellery…

Prime Minister Mostafa Madbouly inaugurated the eighth edition of the “Turathna 2026” Exhibition for handicrafts and heritage products on behalf of President Abdel Fattah Al-Sisi. Held under the President’s auspices from 17 to 24 October, the exhibition is organised by the Micro, Small and Medium Enterprise Development Agency (MSMEDA) under…

Systems Limited, a Pakistani multinational information technology company, plans to increase its investments in Egypt by more than 50% in 2027, with further growth potentially exceeding that rate in 2028, as it seeks to expand its local operations and strengthen Egypt’s role within the group. The company currently has $10m…

MIDYAN Developments has unveiled its 2027–2030 growth strategy, targeting expansion into new asset classes and geographic locations while adding one asset to its operating portfolio annually under its built-to-own model. Established in 2017, the group has a portfolio spanning K-12 education, university education and healthcare, with consolidated investments exceeding EGP…

The African Business Council (AfBC) has re-elected Amani Asfour as its president for a second term, reaffirming the confidence of African private-sector leaders in her vision to strengthen continental economic integration, boost intra-African trade and investment, and accelerate industrial development. The re-election took place during the council’s General Assembly meeting…

The Korea International Cooperation Agency (KOICA), South Korea’s official development cooperation agency, and the National Council for Women (NCW) jointly held a Knowledge Sharing Seminar on October 15, 2026, at The St. Regis Cairo, marking the successful conclusion of the three-year “Capacity Building on Gender/SME in Egypt (2024-2026)” training programme.…