News

Egypt is seeking to expand its industrial partnership with French defence and technology group Thales to localise advanced manufacturing, increase local components, and target external export markets, Minister of State for Military Production Salah Soliman Gumblat announced.   The push for broader cooperation was discussed during a meeting at the…

Egypt’s Ministry of Industry is studying the introduction of a new industrial assessment mechanism, known as the “Qeema” Certificate, which would link government incentives and benefits to the performance ratings of industrial establishments, Minister of Industry Khaled Hashem said. Hashem chaired the first meeting of the newly reconstituted Egyptian Industrial…

Egypt’s Minister of Tourism and Antiquities Sherif Fathy and Matrouh Governor Mohamed El-Zamlout met with tourism investors in the governorate to explore investment opportunities, maximize the use of Matrouh’s tourism assets, and expand its tourism offerings. The meeting, Fathy’s first with tourism investors in Matrouh, brought together owners and managers…

Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), stressed that the Authority will show no leniency towards violations of its regulatory rules governing the verification of customer data across all non-banking financial activities, particularly FRA Board Decision No. 186 of 2024 and its amendments, most recently Decision No. 133…

Prime Minister Mostafa Madbouly affirmed full coordination between the government and the Central Bank of Egypt (CBE) as part of preparations for the National Economic Transformation Program, based on an integrated vision reflecting the state’s economic priorities for the coming period. This is being carried out in implementation of President…

The Financial Regulatory Authority (FRA) has initiated criminal proceedings, revoked a chief executive’s licence, and imposed a one-month ban on new contracts for a consumer finance company found to have exploited parents’ data to issue unauthorised loans for an international school.   The sweeping decisions, approved by Authority Chairperson Islam…

The Ministry of Supply and Internal Trade and the World Food Programme (WFP) have agreed to a joint action plan running until July 2027 to develop a comprehensive market efficiency index and shift state market monitoring from basic observation to proactive data analysis.   Minister of Supply and Internal Trade…