News

  The Financial Regulatory Authority (FRA) officially approved the establishment of the Al Ahly Green Agricultural Investment Fund on Saturday, 7 March. This initiative addresses the increasing need for investment in agriculture and aligns with the government’s broader strategy to enhance food security and promote economic sustainability. Significant emphasis has…

Minister of Industry Khaled Hashem discussed with officials of Turkey’s Polaris plans to expand industrial zones in Egypt and attract new investments. During a meeting with a delegation headed by Chairman of Polaris Tunç Ozkan, the minister said the state is moving to create a more attractive investment climate through…

EGYPTAIR has denied reports circulating on social media regarding an increase in return ticket prices from Gulf countries to Cairo, stating that claims of price hikes are inaccurate and do not reflect company policy during current regional circumstances. The national carrier affirmed that it has implemented an operational plan to…

Foreign investors have sold off a massive amount of Egyptian government debt (bonds and treasury bills). In just four days of trading, they withdrew more than LE 102.3 billion, which is roughly $2.046 billion. While the stock market also saw foreigners leaving, local Egyptian and Arab investors stepped in to buy…

Saudi Arabia has diverted millions of barrels of crude oil to its Red Sea ports, tripling export volumes from its western coast this month to maintain global supplies as the conflict involving Iran disrupts shipments through the Strait of Hormuz. Tanker tracking data compiled by Bloomberg shows five very large…

The Ministry of Finance said first-half results for the 2025/2026 fiscal year show strong financial performance despite regional and global challenges. In its semiannual report, the ministry said tax revenues rose 32 percent in July-December of FY 2025/26 to LE 1.2 trillion, while total revenues increased 30.2 percent to LE1.4…

Egypt plans to add approximately 2,500 megawatts of renewable energy capacity to the national electricity grid before next summer, according to a presidency statement issued following a high-level meeting chaired by President Abdel Fattah Al-Sisi. The meeting was attended by Prime Minister Mostafa Madbouly, Minister of Electricity Mahmoud Esmat, and…

CI Capital Holding announced its financial results for 2025, reporting consolidated revenues of EGP 10.2bn and net profit after tax and minority interest (NPATM) of EGP 1.6bn. The group’s on-balance sheet lending portfolio expanded by 28% year-on-year (y-o-y) to EGP 27.8bn, while return on average equity (RoAE) stood at 21.3%.…

Unilever Egypt has launched Knorr’s Ramadan 2026 campaign, “Knorr 7aletha”, aiming to engage more than 10 million Egyptians during the holy month through a consumer-led initiative that links everyday cooking to direct meal donations. In addition to Knorr’s ongoing meal preparation and distribution programmes supporting vulnerable communities, the campaign introduces…

Minister of Transport Kamel Al-Wazir toured Alexandria to review progress on the rehabilitation and modernisation of the historic Raml Tram, a flagship national project aimed at upgrading urban mobility and easing traffic congestion across the coastal city. The 13.2-kilometre line, comprising 24 stations, including 5.7 km at grade, 7.3 km…