Year: 2026

Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), announced that the agency has provided total financing of EGP 4.5bn in Cairo Governorate between 1 July 2014 and May 2026. Of this total, EGP 4.3bn was allocated to finance 98,600 micro, small, and medium-sized enterprises (MSMEs),…

The Financial Regulatory Authority (FRA) has approved a fee structure for clearing and settlement services related to futures contracts while granting a one-year waiver on several charges to encourage participation during the launch phase of Egypt’s derivatives market. The decision, issued by the FRA’s Board of Directors under Chairperson Islam…

Mohamed Awad, CEO of the General Authority for Investment and Free Zones (GAFI), said the Egyptian economy continues to strengthen its position as one of the region’s leading investment destinations, supported by ongoing economic reform programmes, extensive infrastructure development, and the diversity of its productive and service sectors. He said…

Minister of Foreign Affairs, International Cooperation, and Egyptian Expatriates Badr Abdelatty and Minister of Petroleum and Mineral Resources Karim Badawi held on Sunday, July 5, 2026, a briefing for representatives of foreign embassies in Cairo on investment opportunities and recent developments in Egypt’s energy and mining sectors. In his remarks,…

Egypt’s Foreign Minister Badr Abdelatty and Minister of Petroleum and Mineral Resources Karim Badawi held a briefing on Sunday for representatives of foreign embassies accredited to Egypt as part of the government’s efforts to attract foreign investment and strengthen international cooperation in the energy and mining sectors. Addressing the meeting…

Egyptian Prime Minister Mostafa Madbouly on Sunday reviewed preparations for launching the second phase of the presidential Decent Life initiative, as the government seeks to accelerate the delivery of rural development projects while incorporating lessons learned from the first phase. During a meeting with representatives of engineering consultancy Dar Al-Handasah,…

Egypt’s Prime Minister Mostafa Madbouly has directed the National Press Authority (NPA) to prepare a comprehensive study for each state-owned press institution outlining mechanisms to achieve financial sustainability and settle accumulated debts. The studies will be reviewed in coordination with Hussein Issa, Deputy Prime Minister for Economic Affairs, before being…

Egypt is stepping up preparations for the ninth Cairo Water Week, scheduled for October 25-29, by expanding its international participation and scientific programme ahead of a series of high-level regional and global events on water security. Minister of Water Resources and Irrigation Hani Sewilam reviewed progress on preparations for the annual…

Egypt’s Ministry of Local Development and Environment said it had referred several building and administrative violations in Cairo’s El Marg and Ain Shams districts to the public prosecution following surprise inspections aimed at curbing illegal construction and improving local government performance. The ministry said in a statement that Minister of Local…

Methaq Arab Group (MAG) is targeting EGP 3bn in contracted sales by the end of 2026 as it prepares to launch a new phase of its flagship La Reva Signature Residence project in Egypt’s New Administrative Capital, offering exclusive introductory prices. The sales target will be driven by a comprehensive…