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EGX rises as market capitalization gains LE71 bln

The Egyptian Exchange (EGX) closed higher on Wednesday, April 8, 2026, supported by buying from local, Arab, and foreign institutions and investment funds, while individual investors tended toward selling. Market capitalization of listed companies gained around LE 71 billion to reach LE 3.400 trillion by the close of trading. Total…

Indorama to invest $525m in Egypt fertiliser plant targeting 80% exports

Indorama Egypt Fertilisers has signed a contract to establish a new phosphate fertiliser plant in the Suez Canal Economic Zone (SCZONE) with a first-phase investment of $525m, targeting 80% of its production for export. The agreement, witnessed by Prime Minister Mostafa Madbouly at the government headquarters in the New Administrative…

Egypt to add 2,500 MW of renewable energy in 2026

Egypt plans to add 2,500 megawatts of renewable energy capacity to its national grid in 2026, the presidency announced Tuesday, as part of efforts to strengthen electricity stability and reduce reliance on fossil fuels.   The statement followed a meeting between President Abdel Fattah Al-Sisi, Prime Minister Mostafa Madbouly, and…

Egypt temporarily lists 6 state-owned firms on EGX under IPO programme

Egypt has temporarily listed six state-owned companies on the Egyptian Exchange (EGX), a move aimed at accelerating the government’s initial public offering (IPO) programme and increasing private sector participation in the economy. The listings include two subsidiaries of the Chemical Industries Holding Company: El Nahda Industries Company – El Nahda…

CBE bars credit facilities for unregistered entities

The Central Bank of Egypt (CBE) has instructed banks not to grant or renew credit facilities to non-banking credit providers unless they are officially registered, assigned a CBE code, and recorded on its information network as well as with the Egyptian Credit Bureau. In a circular addressed to banks, the…