News

Suez Canal Bank has officially joined the Partnership for Carbon Accounting Financials (PCAF), a global initiative comprising more than 700 financial institutions across six continents, aimed at standardising the measurement and disclosure of financed emissions arising from lending and investment activities. The move reflects the bank’s ongoing efforts to integrate…

The Financial Regulatory Authority (FRA) has released its annual report for 2025, titled From Regulation to Empowerment, documenting what it described as unprecedented advances across Egypt’s non-banking financial activities. The authority said its regulatory decisions have evolved into effective empowerment tools, contributing to stronger economic growth and deeper financial markets.…

Australian mining group Hunter & Co. has expressed its intent to launch investment projects and establish strategic partnerships within the Egyptian mining sector, according to a statement released by the Ministry of Petroleum and Mineral Resources on Sunday. The decision follows a meeting between Egyptian Petroleum Minister Karim Badawi and…

Prime Minister Mostafa Madbouly chaired a meeting on Sunday at the government headquarters in the New Administrative Capital to review the progress of ongoing energy projects and discuss initiatives to attract further investments into the sector. At the start of the meeting, the Prime Minister reaffirmed the state’s strong focus…

Polaris Parks for Industrial Development, a leading developer of industrial parks in Egypt, has announced the acquisition of a new 1.1 million square metre land plot in a strategic location in Sadat City. The expansion is expected to attract direct investments of around $1bn and generate approximately 15,000 direct and…

Egypt’s Minister of Water Resources and Irrigation, Hany Sewilam, met with Nouraia Sanz, Regional Director of UNESCO’s Cairo Office, ahead of the end of her term, reaffirming Egypt’s commitment to continued cooperation with the organisation on water management and climate adaptation, the ministry said. During the meeting, Sewilam praised UNESCO’s…

Egypt’s Health Minister Khaled Abdel Ghaffar met Sweden’s ambassador to Cairo Dag Juhlin on Sunday to discuss strengthening bilateral cooperation in the healthcare sector, including preparations for a planned visit by Sweden’s health minister, the Egyptian health ministry said.   Ministry spokesperson Hossam Abdel Ghaffar said talks covered arranging field…

Gold prices in Egypt’s local market rose by around EGP 580, or 9.4%, during last week’s trading, driven by a sharp rally in global bullion prices, which climbed by about $392, or 8.5%—the strongest weekly gain in nearly six years. The surge came amid rising demand, escalating geopolitical tensions, and…

Since the beginning of 2026, foreign investor net purchases on the Egyptian Exchange have reached LE 3.04 billion, while Arab investors have recorded net sales of approximately LE365 million, after excluding block trades. Foreign investors led a buying spree in listed company shares during the past week, causing the indices…

The Egyptian government intends to offer treasury bills, bonds and sukuk worth a combined EGP 2.703trn during the third quarter of fiscal year (FY) 2025/2026, according to data published by the Ministry of Finance. The planned issuances, which will be executed by the Central Bank of Egypt (CBE) on behalf…