Year: 2026

The US dollar edged higher on Friday, against both the Japanese yen and the euro, extending gains from the previous session as growing doubts over reaching a peace deal with Iran bolstered the greenback’s safe-haven appeal. The dollar also gained additional support from rising US Treasury yields following a Financial…

The Central Bank of Egypt (CBE) announced that its net international foreign exchange reserves rose to $56.30 billion at the end of July. This increase reflects the ongoing improvement in the country’s foreign liquidity position and strengthens the Egyptian economy’s ability to fulfill its international obligations. Official data released by…

Prime Minister Mostafa Madbouly met on Wednesday with Mostafa Ismail, Chief Executive Officer of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), to review the agency’s strategic vision and action plan for the coming period. Madbouly stressed the pivotal role MSMEDA plays in advancing the state’s objectives of supporting…

The Central Bank of Egypt (CBE) has launched the preparatory process for developing a Sustainable Finance Taxonomy, forming an inter-ministerial technical working group to support the national drive toward sustainable finance and align Egypt’s financial sector with international best practices. The taxonomy aims to establish a unified framework for classifying…

Egypt’s Minister of Industry, Khaled Hashem, has discussed executive steps to increase local content in the automotive industry and manufacture vehicle bodies entirely in Egypt during an expanded meeting with the Presidential Advisory Council of Egyptian Scientists and representatives of automotive manufacturers and component suppliers. The meeting reviewed an automotive…

Egypt’s Minister of Industry, Khaled Hashem, has issued Ministerial Decree No. 171 of 2026, amending provisions of Decree No. 107 of 2026 to introduce a new package of incentives aimed at removing obstacles facing serious industrial investors, accelerating production, and improving the management of industrial land. The amendments abolish the…

Egypt’s Minister of Health and Population, Khaled Abdel Ghaffar, and Minister of State for Military Production Salah Gomblat held a meeting to review progress on jointly implemented national healthcare projects, with both sides pledging to accelerate completion of ongoing works and expand future cooperation. The meeting brought together senior officials…

Prime Minister Mostafa Madbouly reviewed efforts by the Sovereign Fund of Egypt (TSFE) to maximize returns on state-owned assets, reaffirming the government’s commitment to transforming underutilized public assets into sustainable investment opportunities through strategic partnerships with the private sector. During a meeting with Minister of Investment and Foreign Trade Mohamed…