Category: News

The European Bank for Reconstruction and Development (EBRD) has extended a financing facility worth EGP 250m (approximately €4.4m) to Fawry Microfinance, a wholly owned subsidiary of Fawry for Banking Technology and Electronic Payments, in a move aimed at expanding digital microfinance services in Egypt. The facility is designed to enhance…

CAIRO – April 27, 2026: As conversations around the future of education continue to evolve globally, Cairo is increasingly becoming part of that dialogue. As part of this growing exchange between global perspectives and local aspirations, Dianne Drew, Head of School at Dwight School New York and Global Education Director…

This January, British journalist Alex Preston submitted a review of Jean-Baptiste Andrea’s novel ‘Watching Over Her’ to The New York Times, which was polished with the help of an artificial intelligence (AI) tool. The piece borrowed phrases from a Guardian review of the same book written by Christobel Kent, published…

Zhour Developments has announced the launch of FioRI compound, a mixed-use residential project in west Cairo, with total investments exceeding EGP 10bn. The project reflects continued expansion in west Cairo, an area that has attracted increasing real estate activity in recent years due to ongoing infrastructure development and connectivity improvements.…

Egyptian President Abdel Fattah Al-Sisi has approved a comprehensive four-year development plan for Galala City on Egypt’s Red Sea coast, aimed at transforming the area into an integrated hub for tourism, trade, and economic activity. According to the presidency, Al-Sisi reviewed ongoing projects during a meeting with senior military and…

Egypt has lifted an 11 p.m. mandatory closing time for public shops, commercial centres, and restaurants, and will launch a solar energy incentive initiative for homes and factories, the government announced following a crisis management meeting addressing the economic fallout of “US-Israeli-Iranian” military operations. Cabinet spokesman Mohamed El-Homosany confirmed that…

Egypt is intensifying field inspections and expanding digital oversight of healthcare facilities as part of efforts to improve service quality and operational efficiency nationwide, the Ministry of Health said. In a statement, the ministry said Health Minister Khaled Abdel Ghaffar chaired a regular meeting with senior officials to review progress…

Kiwe, the home-grown fintech startup designed around how people use money today, has received final approval from the Central Bank of Egypt (CBE) to launch its application and card in the Egyptian market. The milestone signals the arrival of a new wave of fintech in Egypt; one that is more…

Prime Minister Mostafa Madbouly chaired a high-level meeting on Sunday to review executive plans for developing the Sinai Peninsula and boosting investment inflows, as part of the government’s broader strategy to achieve balanced urban growth and strengthen the national economy. The meeting brought together Minister of Water Resources and Irrigation…

Rasha Abdel Aal, head of the Egyptian Tax Authority (ETA), announced that the validity of value-added tax (VAT) registration certificates has been extended until 30 June 2026. The decision reflects ongoing coordination between the tax and customs authorities, in line with directives from Finance Minister Ahmed Kouchouk, aimed at facilitating…