Category: News

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…

Chairman of the Suez Canal Economic Zone (SCZone) Walid Gamal al-Din said the authority has attracted around $16 billion of investments over the past three years and nine months, as it repositions itself as an integrated industrial and logistics hub amid global supply chain shifts. Speaking at a logistics conference…

Egypt is intensifying efforts to expand its footprint in European markets, with the Chemicals and Fertilizers Export Council of Egypt (CEC) holding high-level talks in Bucharest to unlock new opportunities for Egyptian exports. The joint meeting, organized with the Egyptian Commercial Service, brought together the Export Council and the Bucharest…

Egypt has increased on Sunday, 3 May, natural gas prices for several energy-intensive industrial sectors. The measure, issued under Decree No. 1306 of 2026 by Prime Minister Mostafa Madbouly, establishes minimum selling prices for gas supplied to industrial activities, at a minimum selling price set at no less than USD…

Egypt’s Ministry of Health has discussed with the World Bank Group, including the International Finance Corporation (IFC), ways to deepen cooperation in the healthcare sector, with a focus on localising pharmaceutical production and improving service quality. Health Minister Khaled Abdel Ghaffar met with a World Bank delegation to review initiatives…

Egyptian President Abdel Fattah Al-Sisi met on Monday with the Organisation for Economic Co-operation and Development’s (OECD) Secretary-General Mathias Cormann in Cairo to discuss strengthening economic cooperation and advancing Egypt’s reform programme, with a particular focus on boosting private sector participation and attracting investment. According to the Egyptian presidency, Al-Sisi…

Egypt’s economic growth reached 5.3% in the first half of the current fiscal year, marking a broad and accelerating recovery across six consecutive quarters, Minister of Planning and Economic Development Ahmed Rostom said. Growth rose from 2.4% in fiscal year (FY) 2023/24 to 4.4% in FY 2024/25, before hitting the…

Investments in Egypt’s Suez Canal Economic Zone (SCZone) have reached $7.1bn so far in the current fiscal year, up from $4.4bn during the previous financial year, the authority’s chairperson said on Monday. The economic zone has succeeded in drawing a total of $16bn in investments from 28 countries over the…