Year: 2026

Egypt climbed five places in the Global Entrepreneurship Monitor (GEM) Entrepreneurship Index 2025/2026, ranking 35th out of 53 economies while retaining its position as North Africa’s leading entrepreneurship ecosystem for the fifth consecutive year, according to a report released by the Information and Decision Support Center (IDSC). The report, titled…

Egypt removed more than 41,000 illegal encroachments on state-owned land, agricultural land, and unauthorised buildings during the 29th nationwide enforcement campaign, the Ministry of Local Development and Environment said on Monday. The ministry said the campaign, carried out between May 2 and July 17, 2026, was implemented in coordination with…

Egypt’s Ministry of Health and Population delivered nearly 4.86 million physiotherapy sessions during the fiscal year 2025/26 while expanding rehabilitation services and strengthening diagnostic imaging capacity across the country. The ministry said physiotherapy services were enhanced through the opening of 75 new physiotherapy and rehabilitation departments and clinics across 19…

Cairo, Egypt, 27 July 2026: Yango Group, a UAE based tech company, has invested through its corporate venture fund, Yango Ventures, in Egypt-based Fincart as part of the e-commerce operations platform’s oversubscribed $2.8 million seed round. The funding will support product development, team growth and new commercial partnerships as Fincart…

‘Today is the last chance to pay,’ is the message that induced panic for Mohsen Abdelkader, a customer who had fallen behind on an EGP 30,000 (USD 591.5) loan he took from a financing application to buy household appliances. It was the moment a convenient installment plan curdled into a…

Prime Minister Mostafa Madbouly on Sunday reviewed preparations for the launch of the second phase of the presidential “Decent Life” initiative, which aims to upgrade infrastructure and expand public services in villages across Egypt. The meeting was held at the government’s headquarters in New Alamein City and was attended by…

Egypt’s petroleum sector, in cooperation with British Petroleum company (BP), is preparing to bring the North Fayoum-4 gas well in the Mediterranean Sea online in the near term, with expected production estimated at around 80 million cubic feet of natural gas per day. The move comes as part of the…

Gold prices in Egyptian markets saw yet another surge on Sunday. The price of 21-karat gold rose by about LE 15 per gram, while the gold pound increased by approximately LE 120. The General Division for Gold and Jewelry announced the latest trading prices in goldsmith shops (excluding making charges…

Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), has issued a decision to reconstitute the Egyptian Committee for the Development and Review of Actuarial Life Tables as part of the Authority’s ongoing efforts to develop the insurance sector, enhance its efficiency in responding to evolving market conditions, and strengthen…

Minister of Industry Khaled Hashem met with executives of Bel Egypt to discuss the company’s operations, expansion plans, and future investment strategy in the Egyptian market, reaffirming the government’s commitment to supporting investors and strengthening the country’s industrial base. The meeting was attended by Hany Aram, Regional Manager of Bel…