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Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Esmat, chaired a strategic committee meeting to review the implementation of government measures aimed at reducing electricity consumption, lowering fuel use, and optimising operational patterns across administrative and technical sectors. The meeting brought together senior officials, including Gaber Desouky, Chairperson of the…

Islam Azzam, Chairperson of Egypt’s Financial Regulatory Authority (FRA), has approved a series of decisions issued by the Committee for the Establishment and Licensing of Companies operating under the Authority’s supervision, including granting licences to 10 companies to carry out a range of non-banking financial activities. The approvals come as…

Minister of Finance Ahmed Kouchouk announced on Saturday, 28/3/2026, that the state general budget for the 2026-2027 fiscal year is strategically designed to support both citizens and investors while catalyzing national economic activity. He emphasized that healthcare, education, and social protection, alongside support for production and exports, remain the government’s…

The Central Bank of Egypt (CBE) said banks operating in the Egyptian market recorded net profits of EGP 601.612bn in December 2025, up from EGP 433.772bn in September. According to the CBE, net interest income reached EGP 1.05trn, while total operating income stood at approximately EGP 1.418trn. Total expenses amounted…

Egypt’s Foreign Minister Badr Abdelatty reaffirmed Cairo’s full solidarity with Qatar and other Gulf states during talks with Qatari Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani in Doha on Saturday, the Egyptian Foreign Ministry said. The meeting occurred during Abdelatty’s stopover in Doha en route to…

Egypt’s Ministry of Local Development and Environment said on Saturday that the board of the Waste Management Regulatory Authority approved its draft budget for the 2026/2027 fiscal year and reviewed proposals to strengthen oversight of waste management activities. The meeting, chaired by Minister of Local Development and Environment Manal Awad,…

Karim Badawi, Minister of Petroleum and Mineral Resources, inspected the Valaris DS-12 drilling rig, recently arrived in Egypt to launch a programme drilling five new natural gas wells in the Mediterranean Sea for BP and Arcius Energy, the joint investment venture between BP and Abu Dhabi’s ADNOC. Badawi said intensifying…

Prime Minister Mostafa Madbouly held a high-level meeting at Obour Wholesale Market on Saturday to review food supply conditions, market operations, and ongoing government efforts to stabilise prices. During the meeting, Madbouly stressed that developing and organising wholesale markets is central to regulating commodity flows, ensuring efficient supply chains, and…