Egypt’s banking sector NFA falls to $27.4bn in February: CBE
The Central Bank of Egypt (CBE) said net foreign assets (NFA) of the banking sector declined by around 7.1% in February 2026 to $27.39bn, down from $29.51bn in January, reflecting…
Moroccan Prime Minister arrives in Cairo for first session of joint coordination committee
Egypt and Morocco on Sunday launched the first session of a joint coordination and follow-up committee, a move officials said establishes a new stage of bilateral relations aimed at achieving…
Egypt FM says attracting foreign direct investment is top government priority
Egypt’s Foreign Minister Badr Abdelatty said on Sunday that attracting foreign direct investment constitutes a top priority for the Egyptian government, as the country seeks to deepen its economic partnership…
Trump threatens Iranian infrastructure as Egypt intensifies de-escalation push
U.S. President Donald Trump escalated his rhetoric against Iran on Sunday, warning that power plants and bridges could be targeted if Tehran continues to keep the Strait of Hormuz closed,…
Madbouly reviews strategic commodity stocks, wheat supply, and fiscal planning
Prime Minister Mostafa Madbouly held a series of high-level meetings on Sunday to assess Egypt’s preparedness on strategic commodities, the current local wheat supply season, and financial planning for the…
Egypt targets 5 million tonnes of local wheat as strategic reserves reach six-month level
Egypt is targeting the procurement of 5 million tonnes of domestic wheat during the current harvest season as part of a broader strategy to strengthen food security, Supply and Internal…
PRE Group to partner with eight global hotel brands, adding 10,000 hospitality units across Egypt
PRE Group announced that it is preparing to sign partnership agreements with eight international hotel brands in the coming weeks, a move that will significantly expand its hospitality portfolio across…
SODIC posts record 118% revenue growth in 2025 results
SODIC announced robust financial results for 2025, with revenues surging 118% year-on-year to EGP 21.26bn, supported by contracted sales of EGP 48.4bn. Gross profit climbed 41% to EGP 7.63bn,…
City Edge achieves record EGP 61.4bn sales in 2025, expands hospitality portfolio
City Edge Developments has announced record-breaking sales of EGP 61.4bn in 2025, driven by the launch of nine new projects and the addition of more than 5,200 clients. The company…
MIDAR to seal €500m-600m healthcare investment with Gruppo GKSD by year-end
MIDAR for Investment and Urban Development, master developer of integrated mega cities in New Cairo, has signed a memorandum of understanding with Gruppo GKSD Italy to establish a landmark medical,…