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IDA launches 414 ready-to-operate industrial units across 11 governorates

Industrial Development Authority (IDA) has announced the launch of 414 fully equipped industrial units for immediate delivery across 12 industrial complexes in 11 governorates, as part of the Ministry of Industry’s strategy to localise manufacturing and strengthen domestic supply chains. The offering will be available for online application via the…

Health Minister reviews medical projects in Badr, Obour and Nasr City

Egypt’s Health Minister Khaled Abdel Ghaffar conducted a series of field inspections of key healthcare projects and facilities in Cairo and Qalyubeya, as part of the government’s efforts to accelerate construction timelines and enhance the quality of medical services, according to official statements. The Ministry of Health said Abdel Ghaffar…

Banque Misr appoints Amr El-Nokaly as Deputy CEO for Business Sectors

Banque Misr has announced the appointment of Amr Mohamed Zaki El-Nokaly as Deputy Chief Executive Officer for Business Sectors. El-Nokaly brings extensive banking experience, most recently serving as Chief Business Officer for Corporates, Financial Institutions and Governments at Bank ABC, where he led a range of strategic initiatives that contributed…

NBE, MSMEDA partner to expand financing for SMEs, entrepreneurship

The National Bank of Egypt (NBE) has signed a cooperation protocol with the Micro, Small and Medium Enterprise Development Agency (MSMEDA), aimed at strengthening joint efforts to support and develop the SME sector and entrepreneurship across all governorates. The signing ceremony was attended by Mohamed El-Etreby, CEO of NBE; Soha…

Inflation outlook faces rising upside risks: CBE

The Central Bank of Egypt (CBE) has warned that the inflation trajectory and its target of 7% (±2%) for the fourth quarter (Q4) of 2026 are increasingly exposed to upside risks, citing the possibility of a prolonged regional conflict and stronger-than-expected impacts from fiscal consolidation measures. The CBE’s Monetary Policy…

CBE mandates banks to establish dedicated anti-fraud units

The Central Bank of Egypt (CBE) has mandated banks operating in the Egyptian market to establish dedicated anti-fraud departments, which will report directly to the Chief Risk Officer and submit regular reports to the Board Risk Committee. In a circular issued to banks, the CBE said the move forms part…