Banks operating in Egypt post EGP 373.133bn net profit in H1 2026: CBE
Banks operating in the Egyptian market recorded net profits of EGP 373.133bn in the first half (H1) of 2026, according to the Central Bank of Egypt (CBE). In a recently…
Egypt expands digital consular services, strengthens UN presence
Foreign Minister Badr Abdelatty said Egypt is continuing to expand digital consular services and simplify procedures for citizens abroad, while seeking to strengthen the presence of Egyptian professionals across the…
Egypt targets 5.2% to 5.4% economic growth next fiscal year, planning minister tells S&P
Egypt is targeting an economic growth rate of between 5.2% and 5.4% during the upcoming fiscal year, relying on private sector empowerment, an improved investment environment, and the economy's capacity…
Sovereign Fund of Egypt launches EGP 10bn industrial sub-fund, minister tells S&P
The Sovereign Fund of Egypt has launched a sub-fund for industrial investment with an authorised capital of EGP 10bn and a paid-in capital of EGP 500m, the minister of investment…
Egypt to restructure Sovereign Fund’s role to attract private investment: Minister
Egypt is developing a new operating model for The Sovereign Fund of Egypt (TSFE)) and its subsidiary funds to expand partnerships with the private sector and mobilise investment in priority…
Egypt to launch World Bank-partnered FDI strategy targeting 16 priority sectors
Egypt will shortly launch a foreign direct investment (FDI) strategy in partnership with the World Bank targeting 16 priority sectors, marking a structural shift from general promotion to direct investor…
Egypt’s gold exports fall 44% in seven months amid stronger local demand, flight disruptions
Egypt’s gold and gold jewellery exports declined during the first seven months of 2026, mainly due to stronger domestic demand, regional disruptions affecting air transport, and challenges related to export…
Unilever Egypt opens 13th production line at Mashreq personal care plant
Egypt’s Minister of Industry Khaled Hashem inaugurated a new production line at Unilever Mashreq’s personal care factory in 6th of October City, as the company marks 20 years of operations…
ABE financing grows 25% in six months, loan portfolio exceeds EGP 110bn: CEO
Mohamed Abu El-Saud, CEO of the Agricultural Bank of Egypt (ABE), said the bank recorded strong growth in its business results during the first half of this year, with total…
CIB extends $80m medium-term financing for Eroglu Knitting expansion in Egypt
Commercial International Bank (CIB), Egypt’s leading private-sector bank, has signed a financing agreement to provide an $80m financing package for the expansion of the Eroglu Knitting (EMS) project, supporting Egypt’s…