Year: 2026

Egyptian Minister of Petroleum and Mineral Resources Karim Badawy announced the complete settlement of outstanding payments to oil and gas investment partners, bringing them down to zero for the first time in years, after reaching US$ 6.1 billion in June 2024. These payments are not merely a financial settlement, he…

Prime Minister Mostafa Madbouly chaired a meeting of the Economic Ministerial Group at the government headquarters in the New Capital on Tuesday, June 10, 2026, to review a number of priority economic issues and developments. The meeting was attended by Deputy Prime Minister for Economic Affairs Hussein Eissa, Central Bank…

Egypt’s Minister of Finance, Ahmed Kouchouk, announced a new initiative to collaborate with start-ups in developing smart solutions aimed at enhancing government performance and improving the services provided to citizens. “We are open to all innovative ideas and technological solutions aimed at developing our performance and facilitating the services we…

Egypt’s annual urban consumer price inflation eased to 14.6% in May 2026 from 14.9% in April, the Central Agency for Public Mobilisation and Statistics (CAPMAS) said in a statement on Wednesday, even as inflation on a monthly basis accelerated to 1.6% from 1.1% the previous month. Annual inflation for the…

Egypt could generate between $5bn and $9bn in annual revenues from exporting digital services and remote work talent if the government achieves its target of creating 630,000 jobs through digital services exports by 2029, according to Nermeen El-Nemr, Founder of WorkShift Summit, CEO of Man-Tech, and Founder of @Job, formerly…

CI Capital, one of Egypt’s leading diversified financial services groups, has successfully completed a securitised bond issuance worth EGP 1.77bn for El Taamir Securitization Company, backed by a receivables portfolio originated by Al Taamir for Leasing and Factoring (Al Oula). The transaction marks the first issuance under Al Oula’s new…

Egypt and the Democratic Republic of Congo (DRC) have discussed expanding cooperation in water resources management, climate adaptation and capacity building during talks in Cairo between Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, and the DRC’s Minister of Environment and Sustainable Development, Marie Nyangi Ndambi. According to a…

Egypt’s Prime Minister Mostafa Madbouly chaired a meeting of the Economic Ministerial Group in the New Administrative Capital to review key economic priorities, including progress under Egypt’s reform programme with the International Monetary Fund (IMF), inflation developments, investment reforms, and updates to the State Ownership Policy Document. The meeting was…

Some 61,000 joint-stock companies in Egypt are eligible to benefit from the advantages of listing on the Egyptian Exchange (EGX), representing a promising opportunity to deepen the capital market and expand the base of listed companies, Mohamed Awad, Chief Executive Officer of the General Authority for Investment and Free Zones…

Standard Chartered expects Egypt’s economic recovery to gather pace over the next two years, forecasting GDP growth to accelerate to 4.7% in FY27 as improving macroeconomic conditions and continued reform efforts strengthen the country’s medium-term outlook. While the bank revised its FY26 GDP growth forecast to 3.6%, reflecting ongoing domestic…