Egypt private investment grows 73% as government flags further tax cuts
Egypt’s private sector investments surged by 73% during the previous fiscal year and continued to grow at a rate of 42% in the first quarter of the current year, Finance…
Former stock exchange chief Islam Azzam named to lead Egypt’s non-banking financial regulator
Egypt has appointed Islam Azzam as the acting chairperson of the Financial Regulatory Authority (FRA) under Presidential Decree No. 116 of 2026, the regulator announced on Monday. Azzam becomes the…
Cairo announces emergency austerity measures, social support to counter regional crisis impact
Egypt will raise the national minimum wage and implement a package of government spending cuts to mitigate the domestic economic impact of regional military escalation, Prime Minister Mostafa Madbouly announced…
Al-Sisi: Lasting Middle East peace hinges on independent Palestinian state
Egyptian President Abdel Fattah Al-Sisi said lasting peace in the Middle East cannot be achieved without the establishment of an independent Palestinian state with East Jerusalem as its capital, reiterating…
Middle East conflict escalates as Mojtaba Khamenei becomes Iran’s new supreme leader
Military confrontations in the Middle East entered their tenth day as Iran continued exchanging strikes with the United States and Israel, while Tehran simultaneously witnessed a major political shift with…
Converted acquires Mitcha to strengthen AI-powered advertising ecosystem in Egypt, region
Converted, a company specialising in AI-driven advertising technology for emerging markets, has announced the acquisition of Mitcha, an Egyptian e-commerce platform dedicated to supporting local fashion designers. The move marks…
Egypt’s FRA greenlights Granite’s dollar-denominated fixed-income fund
Granite Financial Holding has received approval from Egypt’s Financial Regulatory Authority (FRA) to launch a new USD-denominated fixed-income fund, marking a significant milestone in its expansion within the CashTech sector.…
Egypt opens Panamanian market to citrus exports
Egypt’s Ministry of Agriculture and Land Reclamation announced that the Central Administration of Plant Quarantine has successfully secured access to the Panamanian market for Egyptian citrus exports, marking a new…
Egypt, South Africa highlight women’s role in water management
Egypt’s Minister of Water Resources and Irrigation, Hany Sewilam, and South Africa’s Minister of Water and Sanitation, Bimmy Majodina, opened a joint virtual seminar marking International Women’s Day to discuss…
ELAB achieves record 141,000 tonnes of LAB production in 2025
The Egyptian Linear Alkyl Benzene Company (ELAB) recorded its highest production levels since its establishment, producing 141,000 tonnes of Linear Alkyl Benzene (LAB) during the 2025 fiscal year, according to…