Egypt’s banking sector NFA falls to $27.4bn in February: CBE

The Central Bank of Egypt (CBE) said net foreign assets (NFA) of the banking sector declined by around 7.1% in February 2026 to $27.39bn, down from $29.51bn in January, reflecting pressures linked to commercial banks financing a partial exit of foreign investors from local debt instruments amid the fallout from…

IDA launches 414 ready-to-operate industrial units across 11 governorates

Industrial Development Authority (IDA) has announced the launch of 414 fully equipped industrial units for immediate delivery across 12 industrial complexes in 11 governorates, as part of the Ministry of Industry’s strategy to localise manufacturing and strengthen domestic supply chains. The offering will be available for online application via the…

Health Minister reviews medical projects in Badr, Obour and Nasr City

Egypt’s Health Minister Khaled Abdel Ghaffar conducted a series of field inspections of key healthcare projects and facilities in Cairo and Qalyubeya, as part of the government’s efforts to accelerate construction timelines and enhance the quality of medical services, according to official statements. The Ministry of Health said Abdel Ghaffar…