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CBE announces extended bank holiday for Eid al-Fitr 2026

The Central Bank of Egypt (CBE) and the Egyptian Cabinet have officially declared a five-day paid holiday in observance of Eid al-Fitr 2026. According to an official statement released by the Central Bank of Egypt, the banking sector will observe the holiday starting Thursday, March 19, 2026, through Tuesday, March…

Egypt Eyes Lab-Grown Diamonds for Engagement Rings

A diamond purchase in Egypt is rarely just a purchase. It is an engagement milestone, a family keepsake in the making, and, for many households, one of the biggest lifestyle splurges of the year.  As a result, lab-grown diamonds are prompting a more practical question as they appear more often…

120,000 taxpayers voluntarily join simplified tax system: Finance Minister

Egypt’s Minister of Finance Ahmed Kouchouk said that the Egyptian government is maintaining direct communication with investors to tackle tax, customs, and financial challenges through practical, actionable solutions. Speaking at the annual conference of the Federation of Small and Medium Enterprises Investors, which brought together entrepreneurs from across the governorates,…

Al-Sisi reviews Damietta Port upgrades, major transport projects

Egyptian President Abdel Fattah Al-Sisi met with Prime Minister Mostafa Madbouly and Minister of Transport Kamel Al-Wazir to review plans for developing Damietta Port and other major transport projects. According to the presidency, the meeting covered the comprehensive plan for upgrading Damietta Port, as well as progress on expanding and…

Egypt’s garment exports rise 11% in January 2026

Egypt’s ready-made garments sector recorded solid growth at the start of 2026, with exports rising by 11% year-on-year in January, according to the Apparel Export Council of Egypt (AECE). Export shipments reached $299m in January 2026, compared with $270m in the same month of 2025, reflecting continued momentum in one…

Egypt steps up research cooperation with Takeda Pharmaceutical

Egypt is intensifying efforts to strengthen pharmaceutical research and innovation through closer cooperation with Takeda Pharmaceutical Company, as part of a broader strategy to enhance the country’s healthcare and drug development ecosystem. The Egyptian Drug Authority (EDA) held high-level talks with a senior delegation from Takeda to discuss expanding collaboration…

COMESA accounts for 67% of Africa’s FDI flows

Heba Salama, CEO of the Common Market for Eastern and Southern Africa (COMESA) Regional Investment Agency, highlighted the strong growth of foreign direct investment (FDI) into COMESA member states, underscoring the region’s rising attractiveness as a global investment destination. Speaking at the opening session of the second COMESA Investment Forum…