Egypt unveils foreign direct investment strategy for 2027-2030
Prime Minister Mostafa Madbouly reviewed the main pillars of Egypt’s foreign direct investment (FDI) strategy for 2027–2030 during a meeting with senior investment officials. The meeting was attended by Mohamed…
FRA approves 12 companies, entities to conduct non-banking financial activities
The Financial Regulatory Authority (FRA), chaired by Islam Azzam, approved the establishment, registration, and licensing of 12 companies and entities to conduct non-banking financial activities, including investment funds and specialised…
Deisseroth, Hegemann and Nagel win 2026 Nobel Medicine Prize for optogenetics
Scientists Karl Deisseroth, Peter Hegemann, and Georg Nagel won the 2026 Nobel Prize in Physiology or Medicine on Monday for discoveries that led to optogenetics, a technique that allows researchers…
National Bank of Egypt 2025 net profit rises to EGP 175.5bn
The National Bank of Egypt (NBE) reported a net profit after tax of EGP 175.5bn for the financial year ending Dec. 31, 2025, up from EGP 133.3bn the previous year,…
Egypt, South Africa seek deeper industrial integration, automotive cooperation
Egypt and South Africa are exploring opportunities to deepen industrial integration and expand joint investments in key sectors, particularly automotive manufacturing and components, pharmaceuticals, metals, agro-processing, and logistics infrastructure. The…
Egypt discusses plans to improve teachers’ financial conditions
Ahmed Kouchouk, Minister of Finance, held a meeting with Mohamed Abdel Latif, Minister of Education and Technical Education, to discuss a number of issues related to improving teachers’ financial conditions.…
FRA tightens transparency rules for gold-linked investment insurance policies
Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), has issued a circular to insurance companies aimed at enhancing disclosure and transparency for insurance policies incorporating investment strategies linked to…
Egypt’s CIB to invest up to EGP 2bn in MNT-Halan share offering
Commercial International Bank (Egypt), or CIB, has signed a cornerstone investment agreement to purchase up to EGP 2bn in shares during the proposed offering and Egyptian Exchange listing of MNT…
Egypt’s EGAS, Chevron sign $88m gas and oil exploration deal for Mediterranean Lotus block
The Egyptian Natural Gas Holding Company (EGAS) and Chevron have signed a new agreement with a minimum investment of $88m to explore and exploit natural gas and crude oil in…
Egypt’s Al-Sisi urges adherence to Trump Gaza plan, vows to defend Egypt’s Nile water share
Egyptian President Abdel Fattah Al-Sisi called for the full implementation of US President Donald Trump's Gaza ceasefire plan and warned that Egypt will defend its historical Nile water rights using…