Category: News

Egypt’s Minister of Finance, Ahmed Kouchouk, announced that the “Citizen Bond” will be re-offered through post offices nationwide in the coming days, following strong demand during its initial issuance. Kouchouk said the first tranche of the bond attracted significant interest from citizens and generated notable proceeds within three weeks of…

Egypt’s Minister of Communications and Information Technology, Raafat Hindy, met on Sunday with Augusta Spinelli, Regional President for Europe, the Middle East, and Africa (EMEA) at SAP, to discuss expanding the company’s investments in Egypt and scaling up its outsourcing operations. The meeting explored opportunities to deepen cooperation in cloud…

Gold prices posted modest gains in Egypt’s local market during last week’s trading, even as global prices declined sharply amid heightened volatility driven by US dollar strength and escalating geopolitical tensions, according to a report by iSagha. Saeed Imbabi, Executive Director of the platform, said local gold prices rose by approximately…

Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Esmat, chaired a strategic committee meeting to review the implementation of government measures aimed at reducing electricity consumption, lowering fuel use, and optimising operational patterns across administrative and technical sectors. The meeting brought together senior officials, including Gaber Desouky, Chairperson of the…

Islam Azzam, Chairperson of Egypt’s Financial Regulatory Authority (FRA), has approved a series of decisions issued by the Committee for the Establishment and Licensing of Companies operating under the Authority’s supervision, including granting licences to 10 companies to carry out a range of non-banking financial activities. The approvals come as…

Minister of Finance Ahmed Kouchouk announced on Saturday, 28/3/2026, that the state general budget for the 2026-2027 fiscal year is strategically designed to support both citizens and investors while catalyzing national economic activity. He emphasized that healthcare, education, and social protection, alongside support for production and exports, remain the government’s…

The Central Bank of Egypt (CBE) said banks operating in the Egyptian market recorded net profits of EGP 601.612bn in December 2025, up from EGP 433.772bn in September. According to the CBE, net interest income reached EGP 1.05trn, while total operating income stood at approximately EGP 1.418trn. Total expenses amounted…

Egypt’s Foreign Minister Badr Abdelatty reaffirmed Cairo’s full solidarity with Qatar and other Gulf states during talks with Qatari Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani in Doha on Saturday, the Egyptian Foreign Ministry said. The meeting occurred during Abdelatty’s stopover in Doha en route to…