Egypt intensifies tax, customs support for tourism sector through joint committees
Rasha Abdel Aal, Head of the Egyptian Tax Authority, said the Ministry of Finance and the Authority are giving special attention to the tourism sector, describing it as a vital…
Marriott-managed complex at Egypt’s former interior ministry to create 13,000 jobs
The redevelopment of Egypt’s former Ministry of Interior headquarters in Cairo’s Lazoghli district into a mixed-use complex is scheduled for completion in the first half of 2027, Minister of Investment…
Non-bank financing in Egypt surpasses EGP 1trn for first time, FRA data shows
Non-bank financing granted by entities supervised by Egypt’s Financial Regulatory Authority (FRA) exceeded EGP 1trn for the first time, reaching EGP 1.1trn during the first ten months of 2025, the…
Strong expectations of interest-rate cut at CBE’s year-end meeting
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is set to hold its final meeting of 2025 on Thursday, amid strong market expectations that it will…
TMG nears completion of Phase 1 concrete works at SouthMed project
Talaat Moustafa Group (TMG) is nearing the completion of all concrete works for the first phase of its SouthMed project on Egypt’s Northwest Coast, the developer announced on Wednesday. Construction…
“Al-Sett”: An Artistic Crime against Umm Kulthum and a Deliberate Distortion of Egypt’s Greatest Icon
In an unforgivable cinematic debacle, the film “Al-Sett”–directed by Marwan Hamed, written by Ahmed Mourad, and starring Mona Zaki–desecrates the legacy of Kawkab Al-Sharq Umm Kulthum, the eternal national and…
Egypt reaches staff-level agreement with IMF on fifth and sixth reviews
Egypt has reached a staff-level agreement with the International Monetary Fund (IMF) for the fifth and sixth reviews of its economic reform programme, Prime Minister Mostafa Madbouly said on Wednesday.…
Quantum Investment BV raises stake in Edita Food Industries in EGP 1.26bn block trade
Quantum Investment BV has increased its stake in Edita Food Industries through a block trade valued at EGP 1.26bn, reinforcing investor confidence in the company and in Egypt’s capital markets.…
Turkey’s Erdogan to visit Egypt in early 2026 as Cairo pushes for Palestinian technocratic committee
Turkish President Tayyip Erdogan is scheduled to visit Egypt in the first quarter of 2026 to chair the second meeting of the High-Level Strategic Cooperation Council, Egypt’s foreign ministry said…
Al-Sisi reconstitutes CBE board, renews Hassan Abdallah’s chairmanship
President Abdel Fattah Al-Sisi has issued Presidential Decree No. 733 of 2025, reconstituting the Board of Directors of the Central Bank of Egypt (CBE) and renewing the appointment of Hassan…