News

Egypt will link all future export incentives and “burden-reduction” programmes to measurable numerical targets and performance indicators (KPIs), Investment and Foreign Trade Minister Mohamed Farid said on Wednesday. The move marks a shift toward a “disciplined partnership” between the state and the private sector, where government support is strictly tied…

On Cairo streets, many restaurants open with optimism and close with startling speed. New signs go up overnight, and months later, the lights go off, replaced by another concept, another promise. In Egypt, the restaurant scene is diverse, crowded, and risky. Globally, restaurants are fragile enterprises. Roughly 17 percent of…

Cairo, 18 February 2026 – Americana Restaurants Egypt and Misr El Kheir Foundation have signed a landmark tri-party agreement with the German-Arab Chamber of Industry and Commerce (AHK Egypt), appointing AHK Egypt the official international academic partner of the “Ahmed Hamed Talab” Hospitality Technical School. The partnership is designed to…

Edita Food Industries S.A.E. (EFID.CA on the Egyptian Exchange) announced that its distribution arm, Edita Trade & Distribution (ETD), has entered a strategic partnership with Shift EV to introduce electric trucks into its nationwide fleet, marking a major step toward more sustainable logistics operations. The initiative forms part of ETD’s…

Egypt’s Prime Minister Mostafa Madbouly has issued Decree No. 443 of 2026 appointing Hamdy Mahmoud Badawi as Assistant to the Chairperson of the Financial Regulatory Authority (FRA). Badawi brings more than 26 years of experience in criminal investigations and the fight against financial crime. A 1997 graduate of the Police…

Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Esmat, held a high-level meeting with heads of power generation companies to review summer preparedness measures, new operating patterns and efforts to reduce fuel consumption rates ahead of the peak demand season. According to a statement issued by the Ministry of Electricity…

The Financial Regulatory Authority (FRA) has issued a new decision setting out detailed requirements and conditions for licensing futures brokerage activity, marking a further step in completing the legislative and regulatory framework governing Egypt’s derivatives market. The move is aimed at strengthening risk management standards, ensuring the operational readiness of…

Egypt will implement its largest-ever gas drilling programme in the Mediterranean in 2026, Minister of Petroleum and Mineral Resources Karim Badawi said on Tuesday during an inspection of Shell’s new offshore operations. The minister visited the STENA ICEMAX drillship to monitor the start of drilling at the first production well…

The Egypt Healthcare Authority (EHA) has successfully performed the first two transcatheter pulmonary valve implantations (TPVI) under the country’s Universal Health Insurance system at Al-Nasr Specialised Hospital in Port Said, the authority announced in a statement. The procedures, which cost more than EGP 1m each outside of the insurance scheme, were…

Commercial International Bank (CIB) has been named the best bank for sustainable finance in Africa for 2025, an achievement recognised on Tuesday at a ceremony attended by Central Bank of Egypt (CBE) Governor Hassan Abdalla. The event, hosted by the Egyptian Exchange (EGX), was held to honour the bank for…