News

The United Bank has announced the launch of a dedicated Doctors’ Financing Product aimed at supporting physicians and strengthening the healthcare system by helping to establish and expand clinics and medical centres, as well as enhance the efficiency of healthcare services provided to citizens. The new product aligns with the…

CAIRO, Jan 23 (MENA) – Egypt’s stock market hit new record levels last week, with strong gains lifting the market capitalization of listed companies above LE 3.15 trillion for the first time, reflecting improved investor sentiment. Market capitalization rose by about LE 180 billion to LE 3.153 trillion, up 6.08…

In a step that reflects its ongoing commitment to supporting food security and promoting social solidarity, Beyti, an Almarai subsidiary, announced the signing of a strategic community partnership with Misr El Kheir Foundation under “Sufret Almarai” campaign during the holy month of Ramadan. The partnership aims to expand the scope…

Mohamed El‑Sebaei, former deputy head of the Senate’s Agriculture and Irrigation Committee, said updating Egypt’s Agriculture Law is no longer optional but an urgent necessity imposed by current challenges.   Speaking during a workshop reviewing the legislative impact assessment of Agriculture Law No. 53 of 1966 and its amendments, El-Sebaei…

Global gold prices fell on Thursday, as precious metals saw a broad decline driven by subsiding geopolitical risks and a diminishing appetite for safe-haven assets. This downturn follows a shift in US President Donald Trump’s stance, as he moved away from previous threats of new tariffs and abandoned a proposal…

Minister of Investment and Foreign Trade Hassan al-Khatib confirmed on Thursday, January 22, 2026, the government’s commitment to supporting and expanding the investments of the global company Saint-Gobain in the Egyptian market. This came during his meeting with company officials on the sidelines of his participation in the World Economic…

Egypt has paid approximately $5bn of outstanding arrears to foreign partners in the petroleum sector and remains committed to settling regular monthly invoices, Prime Minister Mostafa Madbouly said on Wednesday. Speaking during a weekly cabinet meeting at the government headquarters in the New Administrative Capital, Madbouly stated that arrears to…

Coca-Cola plans to open a new factory in Alexandria and more than double the workforce at its Cairo digital hub by 2027, company executives told Egyptian ministers on Wednesday. The expansion was discussed during a meeting at the World Economic Forum between Egyptian Minister of Finance Ahmed Kouchouk, Minister of…

Global protectionist policies are creating opportunities for African nations to attract industrial investment by encouraging companies to reshore activities to the continent, Egypt’s Minister of Planning, Economic Development and International Cooperation said on Wednesday. Speaking at the launch of the Brookings Institution’s “Foresight Africa” report during the World Economic Forum…