News

Egypt’s economy recorded a growth rate of 5.3% during the second quarter of the current fiscal year (FY), the highest level since the third quarter of FY 2021/22, Prime Minister Mostafa Madbouly said on Tuesday. Speaking during a meeting with the heads of the House of Representatives’ standing committees in…

President Abdel Fattah al-Sisi’s directives to the government prioritize investment and foreign trade as fundamental pillars for achieving a strong economic leap, Prime Minister Mostafa Madbouly said. Madbouly was speaking during a meeting on Monday, March 2, 2026,  to review the investment ministry’s work plan, in the presence of Deputy…

Cairo, March 2, 2026 – Breadfast, The leading Egyptian platform in e-commerce, announced the launch of a comprehensive internal safety program for its delivery riders nationwide as part of a multi-phase plan. This strategic step reflects the company’s commitment to protecting riders’ health and safety while strengthening occupational safety standards…

Minister of Electricity and Renewable Energy Mahmoud Esmat met with Hesham Badawi, Speaker of the House of Representatives, ahead of his scheduled appearance before the Energy and Environment Committee, as part of ongoing coordination between the government and Parliament. The meeting was held at Parliament headquarters prior to the committee…

Salah Suleiman Gemblat, Minister of State for Military Production, met with Medhat Qamar, Chairperson and Chief Executive Officer of the Egyptian Arab Land Bank, and Mohamed Ashmawy, the bank’s Non-Executive Chairperson, along with their accompanying delegation, at the ministry’s headquarters in the Government District of the New Administrative Capital. During…

The Ministry of Agriculture and Land Reclamation announced that it had issued 916 operating licences—both renewals and first-time permits—for livestock, feed, and poultry projects, as well as milk collection centres. Tarek Suleiman, head of the Livestock and Poultry Development Sector at the ministry, said the licences included 264 permits to…

The Financial Regulatory Authority (FRA) has issued a new regulatory decision establishing a comprehensive framework governing the registration, transfer, amendment and closure of branches of companies licensed to undertake non-banking financial activities. The move aims to reinforce institutional discipline, improve the geographical efficiency of service delivery, and ensure that expansion-related…

Net foreign assets (NFA) of Egypt’s banking sector increased to $29.5bn (EGP 1.385trn) in January 2026, up from $25.452bn (EGP 1.216trn) in December 2025, an increase of approximately $4.048bn. NFA are widely regarded as a key indicator of banking sector stability and resilience, reflecting the difference between foreign currency assets…

Construction of the new French University in Egypt (UFE) campus is progressing according to schedule as a “new generation” smart academic institution, Higher Education Minister Abdelaziz Konsowa said during a meeting with French Ambassador Eric Chevallier. The project, which receives full support from the Egyptian state, aims to establish a…