News

Gold prices in Egypt fell sharply in May 2026, weighed down by a stronger Egyptian pound and weaker global bullion markets, according to the Gold and Precious Metals Division at the Federation of Egyptian Industries. Division Chairperson Ehab Wassef explained that the local market faced a dual squeeze: international gold…

Egypt’s Health Ministry announced it will launch a nationwide “Newborn Care Pathway” programme through primary healthcare units and centres starting June 1, 2026, as part of efforts to strengthen maternal and child health services. The initiative, directed by Health Minister Khaled Abdel Ghaffar, forms part of the broader “Healthy Life…

Madinet Masr announced its standalone financial results for the first quarter (Q1) of 2026, reporting resilient profitability, strong cash generation, and accelerated project deliveries despite a normalization in market demand following two years of exceptional growth. The company recorded new sales of EGP 11.7bn during Q1 2026, compared to EGP…

Egypt’s presidential Housing for All Egyptians initiative is approaching a landmark milestone of one million affordable housing units, further cementing its status as the largest housing programme for low- and middle-income citizens in the country’s history. According to the latest report issued by the Ministry of Housing, Utilities and Urban…

Egypt’s real estate market entered a more measured phase of growth in the first quarter (Q1) of 2026, as the sector adjusted following several years of rapid expansion fuelled by aggressive project launches, flexible payment schemes, and strong investment inflows from Gulf markets. According to a new quarterly report by…

The state is pressing ahead with a comprehensive education reform program aiming at improving learning outcomes and better preparing students for future labor market requirements. The government has prioritized education as a key pillar of sustainable development, focusing on reducing classroom overcrowding, addressing teacher shortages, upgrading school infrastructure, and modernizing…

Egypt is unlocking the remaining cash from its massive LE 50 billion tourism fund to give local hospitality businesses a major boost. The Central Bank just overhauled the program’s rules, allowing banks to immediately deploy leftover surplus funds and extending a critical application deadline until October to make sure no…

Prime Minister Mostafa Madbouly stressed the importance of continuing efforts to secure petroleum products to meet consumption and production needs, in coordination with relevant authorities. He emphasized the need to expand production and exploration activities in cooperation with international companies.His remarks came during a meeting on Monday, May 25, 2026,…

Prime Minister Mostafa Madbouly reaffirmed the government’s support for the industrial sector that is deemed one of the main pillars of the economy and a key driver for achieving multiple economic targets, in addition to its developmental and social role. Madbouly made these remarks during a meeting on Sunday, May…