KOICA’s development portfolio in Egypt reaches $100m: Country Director
At a time when Egypt–Korea relations are gaining renewed momentum, development cooperation has emerged as a central pillar of this growing partnership. Against this backdrop, Dr Sooyoung Park, Country Director…
IMF raises Egypt economic growth outlook to 5.4% for FY 2026/27
The International Monetary Fund has revised its growth forecasts for Egypt upwards to reach 5.4% in the fiscal year (FY) 2026/27, citing a positive shift in economic indicators. In its…
FRA grants fintech licence to Granite, enabling Egypt’s first fully digital money market account
Granite Financial Holding, a digitally enabled asset management company, has received a fintech licence from the Financial Regulatory Authority (FRA), paving the way for the immediate launch of its proprietary…
Egyptian Competition Authority approves five major mergers, acquisitions
The Economic Concentration Review Committee at the Egyptian Competition Authority (ECA) has approved a series of significant mergers and acquisitions across multiple sectors. Dar Al-Handasah Consultants (Shair and Partners) will…
Egypt promotes private sector partnership to accelerate textile, garment industry development
Egypt’s Minister of Public Enterprises Sector, Mohamed El-Shimy, held a meeting with representatives from the Ready-Made Garments and Home Textiles Chamber, the Textile Industries Chamber, and the Apparel Export Council…
Egypt, South Korea sign joint statement on Comprehensive Economic Partnership Agreement
Egypt and South Korea have taken a major step to deepen economic cooperation, with Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, and Yeo Han-koo, South Korea’s Minister of…
Kemet, TBEA sign MoU to establish Egypt’s first inverter manufacturing plant
Mahmoud Esmat, Minister of Electricity and Renewable Energy, witnessed—at the conclusion of his official visit to China—the signing of a memorandum of understanding (MoU) between Egyptian company Kemet and China’s…
Housing minister orders fast-tracked completion of New Capital’s Business District
Minister of Housing, Utilities and Urban Communities Sherif El-Sherbiny held a regular meeting to review progress on the Central Business District (CBD) project in the New Administrative Capital, as well…
Gold prices rise by EGP 325 since start of 2026 in Egypt: iSagha
Gold prices posted strong gains in Egypt over the past week, tracking a parallel rise in global markets, with prices climbing by around 1.9% amid escalating geopolitical tensions and political…
EGP 10.05bn injected into national veal project in 2025: Official
Tarek Soliman, Head of the Livestock and Poultry Development Sector within Egypt's Ministry of Agriculture and Land Reclamation, said that approvals were granted in 2025 to disburse EGP 1.06bn to…