News

GRANITE Financial Holding and Tarmiiz Information Technology have joined Egypt’s Financial Regulatory Authority (FRA) Regulatory Sandbox to test a model for tokenizing money market fund assets, marking an early step toward exploring blockchain technology in Egypt’s asset management sector. The initiative will examine the regulatory and operational requirements for applying…

The Financial Regulatory Authority (FRA) has issued a decision amending provisions of Decision No. 69 of 2025 governing the professional rules and standards for registering and conducting insurance and reinsurance brokerage activities. The decision abolishes the requirement for insurance and reinsurance brokerage companies to open at least two branches within…

Ahmed Kouchouk, Minister of Finance, said citizens are showing notable interest in using the real estate transaction tax mobile application to benefit from new incentives and digital facilities. He said the Ministry continues to develop tax services and simplify procedures for citizens to save time and effort and improve service…

Investment and Foreign Trade Minister Mohamed Farid Saleh has discussed with Singaporean Ambassador to Egypt Dominic Goh ways to strengthen investment and trade ties between the two countries and increase mutual investments, as well as opportunities for Singaporean companies to expand their business in Egypt and attract new investments. The minister called…

The Central Bank of Egypt confirmed that recent United States measures imposed on Banque Misr’s branch in the United Arab Emirates, in connection with economic restrictions on Iran, will not impact the Egyptian banking sector or the bank’s domestic operations. US Dollar Transactions Restricted The central bank stressed that the…

President Abdel Fattah Al-Sisi has issued a raft of domestic directives aimed at improving living conditions. He ordered immediate actions on real estate accountability, electricity billing, market controls, and traffic discipline during a speech on Monday. Speaking at the Strategic Command headquarters in the New Administrative Capital during a ceremony…

The Egyptian Tourism Authority organised 271 awareness trips and more than 1,000 seminars between January 2025 and June 2026 The Ministry of Tourism and Antiquities, represented by the Egyptian Tourism Authority (ETA), has intensified efforts to raise tourism awareness across Egypt, reaching approximately 38,000 citizens through educational trips and seminars…

Egypt is targeting a doubling of crude oil and condensate production under a five-year energy strategy while advancing six refinery projects with investments exceeding $4bn, the presidency said. President Abdel Fattah Al-Sisi reviewed the plans during a meeting in New Alamein with Prime Minister Mostafa Madbouly and Petroleum and Mineral…

Egypt’s Minister of Supply and Internal Trade Sherif Farouk discussed the advancement of a $278m project to produce bioethanol from sugarcane bagasse during talks with Italian firms Proger and Drexel, outlining plans to establish a joint entity for the project’s implementation.   The venture is bolstered by a 10-year purchasing…

Egypt has called for a legally binding international protocol on drought, warning that land degradation, desertification and drought are no longer solely environmental challenges but direct threats to water and food security, livelihoods and socioeconomic stability. Water Resources and Irrigation Minister Hani Sewilam made the call during the ministerial segment…