NBE, Banque Misr arrange EGP 8bn syndicated loan for Palm Hills New Cairo project
The National Bank of Egypt (NBE) and Banque Misr have arranged an EGP 8bn long-term syndicated financing facility for Palm for Investment and Real Estate Development, a subsidiary of Palm…
Egyptian foreign minister discusses Gaza roadmap and Hormuz security in regional calls
Egyptian Foreign Minister Badr Abdelatty discussed the deployment of an international stabilization force in Gaza and the implementation of President Trump's peace plan during a series of regional diplomatic calls…
Tanzania inaugurates $2.9bn Julius Nyerere Hydropower Plant built by Egyptian consortium
Tanzania inaugurated the $2.9bn Julius Nyerere Hydropower Plant on Saturday, adding 2115 megawatts (MW) of electricity to its national grid through a mega-facility constructed by an Egyptian consortium. Tanzanian…
A CALL TO INVESTMENT BANKS
The Egyptian economy is improving. EGX is changing. This is increasingly looking like a paradigm shift. Egypt’s net international reserves reached an all-time high of US$56.3bn in July 2026. Remittances…
AUC-led study explores turning e-waste into materials for next-generation sensors
An international study led by The American University in Cairo (AUC) has found that electronic, industrial and plastic waste could serve as a valuable source of high-performance materials for next-generation…
Korra Energi secures EGP 5bn in new contracts in H1 2026
Korra Energi secured new contracts worth EGP 5bn during the first half (H1) of 2026, up from EGP 1.1bn in the same period last year, as the company reported higher…
Regulatory framework issued for short selling launch on EGX
Egypt's Financial Regulatory Authority (FRA) has issued the comprehensive regulatory framework for short selling, paving the way for the imminent activation of the mechanism on the Egyptian Exchange (EGX) for…
Egypt signs $168m worth of export contracts with Chinese importers
Egyptian exporters signed 17 contracts worth an estimated $168m with Chinese importers during the “Export to China” event, as the government seeks to expand and diversify Egyptian exports to the…
$658m phosphoric acid complex launched in Egypt’s New Valley to boost mining exports
Egyptian officials laid the foundation stone on Wednesday for a $658m industrial complex to produce phosphoric acid from phosphate ore at the Abu Tartour plateau in the New Valley Governorate.…
CBE to decide on EGP rates Thursday amid strong expectations of fourth consecutive hold
The Central Bank of Egypt's (CBE) Monetary Policy Committee will hold its fifth meeting of the year on Thursday to decide on its key interest rates, a major indicator of…
