Year: 2026

Just a few weeks ago, most economic analyses were focused on the ability of the Egyptian pound to withstand a wave of external and domestic pressures that began with escalating geopolitical tensions in the region, rising oil prices, and the exit of some foreign investors from local debt instruments, alongside…

The United Bank has launched a Green Financing Product for Medical Equipment targeting small and medium-sized enterprises (SMEs), marking the culmination of a strategic partnership with the German Agency for International Cooperation (GIZ) and IPC Consulting. The initiative reflects the bank’s commitment to advancing sustainable finance and supporting the efforts…

Suez Canal Bank is exploring opportunities to develop a more integrated digital banking and investment experience in collaboration with Thunder, Egypt’s leading digital investment platform, Visa, a global leader in digital payments, and Modopay, a regional payment technology provider, subject to obtaining the necessary regulatory approvals from the Central Bank…

Ministry of Investment and Foreign Trade Mohamed Farid launched the second phase of its promotional and awareness campaign for investment zones. Launched under the slogan “Investment Zones… Where the Elements of Success Come Together,” the campaign seeks to showcase successful investment models across governorates and highlight the role of the…

Minister of Industry Khaled Hashem affirmed that the 2026 Al-Ahram Commercial Vehicles (ACV) Show serves as an important platform for supporting the state’s efforts to deepen and localize domestic manufacturing and increase the local component ratio in the commercial vehicle industry. He noted that the automotive sector is among the…

The government submitted seven legislative amendments to parliament aiming at improving the business climate through customs and tax incentives, Prime Minister Mostafa Madbouly said Tuesday, June 16, 2026. Speaking at the launch of Egypt’s Foreign Trade Information Portal, Madbouly said the government hoped the House of Representatives would approve the…

Minister of Housing, Utilities and Urban Communities Randa El-Menshawy has reviewed the latest developments regarding the draft law establishing the Federation of Real Estate Developers, as part of the ministry’s broader strategy to regulate and organize Egypt’s rapidly expanding real estate market. The meeting, attended by senior officials from the…

Egypt and Kenya discussed expanding cooperation in healthcare and strengthening pharmaceutical security across Africa, focusing on local manufacturing of medicines and vaccines, reducing reliance on imports, and increasing the exchange of medical expertise. Egypt’s Ministry of Health and Population said Minister Khaled Abdel Ghaffar met his Kenyan counterpart, Aden Bare…

Egypt’s Prime Minister Mostafa Madbouly witnessed the launch of Egypt’s new Foreign Trade Information Portal, developed by the Information and Decision Support Center (IDSC) in cooperation with the Ministry of Investment and Foreign Trade, marking a significant step in the country’s digital transformation and export development strategy. The portal is…

The European Union and Egypt have taken a major step towards deepening their strategic partnership in renewable energy through a financing package worth up to €690m aimed at modernising and expanding Egypt’s electricity transmission network. The package combines a €600m loan from the European Investment Bank’s development arm, EIB Global,…