Year: 2026

The Egyptian Exchange (EGX) marked the 30th anniversary of Commercial International Bank – Egypt’s (CIB) launch of its Global Depositary Receipts (GDRs) programme in international markets with a special opening bell ceremony, celebrating a milestone that helped connect Egypt’s capital market with global investors and expand the bank’s international presence.…

The Financial Regulatory Authority (FRA) has required life insurance companies to obtain a credit report for any applicant seeking an individual life insurance policy worth EGP 10m or more, or the equivalent in foreign currency, as part of new risk management standards aimed at strengthening underwriting decisions and enhancing protection…

Gold prices in Egypt edged higher on Saturday despite the closure of global markets, following a volatile week in which bullion recorded its steepest weekly decline since early June, as rising US Treasury yields and a stronger dollar outweighed support from heightened geopolitical tensions, according to Marsad Al Dahab for…

Egypt’s Ministry of Social Solidarity announced its participation in a comprehensive national plan to manage street animals, as part of a unified strategy aimed at protecting citizens’ health and environmental security. The initiative follows directives from President Abdel Fattah Al-Sisi to increase integration among state institutions. The plan was activated…

Minister of State for Military Production Salah Gamblat met with Ahmed El Assar, Founder and Managing Director of Masar for Consultancy and Business Development, and Sherif Barakat, Chief Executive Officer of Thales Egypt, to review progress on ongoing cooperation and explore opportunities to expand their partnership in communications equipment and…

Egypt’s microfinance sector maintained strong growth during the first quarter (Q1) of 2026, with the total outstanding microfinance portfolio approaching EGP 108bn, according to Hala Abu Elsaad, Chairperson of the Egyptian Federation for Financing Medium, Small and Micro Enterprises (MSMEF). The total portfolio increased from approximately EGP 105bn in March…

Minister of Investment and Foreign Trade Mohamed Farid confirmed on Friday, July 17, 2026, that the ministry is committed to strengthening ties with the Bank of New York (BNY) and other international financial institutions. The minister explained that the move aims to develop financing tools, expand the investor base, and…

Egypt’s financial sector will observe a long weekend next week, as the Central Bank of Egypt announced that all banks operating in the country will close on Thursday, July 23, 2026, to mark the anniversary of the July 23 Revolution. Transactions and regular banking services are scheduled to resume on…

Economist Mostafa Badra warned that persistent global conflicts and regional escalations could trigger a hike in domestic fuel prices. His analysis came as Egypt’s Fuel Automatic Pricing Committee prepares its next review, relying on a strict trio of economic indicators. Speaking during a televised phone-in on MBC Masr’s Yahduth Fi Misr (Happening…