Category: News

Mohamed Farid, Minister of Investment and Foreign Trade, said the Ministry is maintaining close coordination with the Ministry of Finance, the Customs Authority and other relevant agencies to expedite the release of goods. He noted that the average customs clearance time had fallen from around 16 days in June 2024…

Commercial International Bank – Egypt (CIB) announced that it received preliminary approval from the Central Bank of Egypt (CBE) to establish “yomo” as a digital bank, in line with Egypt’s digital banking framework introduced in 2023. The approval marks an important milestone in the development of Egypt’s banking sector, paving…

The Central Bank of Egypt (CBE) has instructed banks to incorporate financial literacy into their financial inclusion strategies, expand financial awareness among citizens, and provide advisory services to micro, small and medium-sized enterprises (MSMEs) and entrepreneurs based on the customer segments targeted by each bank. In a circular issued to…

The Central Bank of Egypt (CBE) expects inflation to begin declining gradually from the first quarter (Q1) of 2027 and approach its target of 7% (±2%) during the second half of the year. The CBE said the projected downward trajectory would be supported by maintaining an appropriately restrictive monetary stance…

Egypt’s Healthcare Authority has agreed to move forward with a programme to train 20 Egyptian doctors in Türkiye in robotic surgery, catheterisation and advanced cardiac interventions, as the two countries seek to strengthen cooperation in healthcare. Ahmed El-Sobky, chairperson of the Egypt Healthcare Authority and general supervisor of the Universal…

The National Bank of Egypt (NBE) and Banque Misr have arranged an EGP 8bn long-term syndicated financing facility for Palm for Investment and Real Estate Development, a subsidiary of Palm Hills Developments, to finance part of the investment cost of the Palm Hills New Cairo project. The financing will support…

The Egyptian economy is improving. EGX is changing. This is increasingly looking like a paradigm shift. Egypt’s net international reserves reached an all-time high of US$56.3bn in July 2026. Remittances reached US$43.1bn in Jul–May FY2025/26, +31.2% YoY, after calendar-year 2025 had already set an all-time record of US$41.5bn. Egypt welcomed…

Egypt is quietly solidifying its footprint as a massive global manufacturing engine, and Beijing is writing a hefty check to prove it. Deputy Prime Minister for Economic Affairs Hussein Issa recently met with executives from a top-tier Chinese industrial giant to hammer out a massive two billion dollar investment. The…

Prime Minister Mostafa Madbouly on Wednesday, August 19, 2026, called on Egypt’s newly nominated heads of diplomatic missions abroad to step up efforts to attract foreign investments, open new markets for Egyptian exports and promote tourism, as part of a broader role in supporting the national economy. Madbouly made the…

An international study led by The American University in Cairo (AUC) has found that electronic, industrial and plastic waste could serve as a valuable source of high-performance materials for next-generation sensors used in healthcare, environmental monitoring and food safety. The study, published in Nature Sensors, was led by Tamer Shoeib,…