Year: 2026

The Egyptian banking sector’s net foreign assets (NFA) stood at $21.32bn, equivalent to EGP 1.164trn, in March 2026, down from $27.385bn, or EGP 1.313trn, recorded in February, according to a report issued by the Central Bank of Egypt (CBE). The report showed that total foreign assets held by the banking…

The Industrial Development Authority (IDA) and the Federation of Egyptian Industries (FEI) have reviewed the implementation status of several state-backed financing initiatives aimed at supporting industrial expansion and addressing challenges facing investors. IDA Chairperson Nahed Youssef held an expanded meeting with FEI Deputy Chairperson and Head of the Industrial Licensing…

Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Esmat, held talks with a delegation from UAE-based AMEA Power, a subsidiary of the Al Nowais Group headed by Sheikh Hussein Al Nowais, to review progress on renewable energy and standalone battery energy storage system (BESS) projects with a combined generation capacity…

Egypt’s external debt rose to $163.7bn in September 2025, an increase of $2.5bn, or 1.5%, compared with June 2025, according to the Central Bank of Egypt (CBE). The increase was mainly driven by fresh loan disbursements and exchange-rate movements, although valuation effects reduced the debt stock by approximately $48m. Long-term…

The World Bank has approved a billion dollar financing package to support Egypt’s efforts in boosting private sector-led job creation, strengthening macroeconomic and fiscal resilience, and advancing its transition toward a green economy. This funding includes a $200 million credit guarantee provided by the UK. Known as the “Building Resilience,…

Minister of Investment and Foreign Trade Mohamed Farid Saleh, Thursday, May 7, 2026, said Egypt is seeking to turn into a regional hub for the manufacturing and export of agricultural equipment and heavy machinery to African and Arab markets, as part of the State’s strategy to develop local industrialization and…

What began as a maternal health awareness initiative inside the maternity wards of Kasr Al-Ainy Hospital has evolved into a wider grassroots movement dedicated to women’s health, awareness, and the fight against female genital mutilation (FGM) in Egypt. The “Enty El Aham” (“You Are More Important”) initiative was founded more…

The Central Bank of Egypt (CBE) announced that net international reserves reached US$ 53.01 billion at the end of April, up from $52.831 billion at the end of March – a significant improvement compared from the previous month. The Monetary Policy Committee of CBE decided at its meeting at the…

Following an exceptional year in which it successfully solidified its position as one of the most prominent consultancy firms in the Egyptian real estate market, August has announced a major strategic expansion. In addition to the opening of its new branch in Sheikh Zayed City to serve West Cairo, the…