Egypt’s FRA approves licences for eight companies across non-banking financial sectors
Egypt’s Financial Regulatory Authority (FRA), chaired by Islam Azzam, has approved licences and authorisations for eight companies to operate across a range of non-banking financial activities. The approvals aim to…
Egypt’s inbound tourism climbs 15.6% in Q1 2026: Minister
Egypt recorded a 15.6% increase in inbound tourist arrivals during the first quarter (Q1) of 2026 compared to the same period last year, according to Minister of Tourism and Antiquities…
Egypt champions six global health resolutions at WHO assembly
Egypt played a leading role at the 79th World Health Assembly in Geneva, where six international health resolutions spearheaded by the country were adopted, underscoring its growing influence in shaping…
CBE expects inflation to accelerate through Q3 2026 before gradual decline towards target
The Central Bank of Egypt (CBE) expects annual headline inflation to accelerate through the third quarter (Q3) of 2026, driven partly by unfavourable base effects, supply-side pressures linked to ongoing…
Chevron begins drilling new well at Egypt’s Narges gas field to boost production
Chevron has begun drilling a new natural gas well in the Mediterranean's Narges field, part of a strategic push to boost Egypt's local production and increase the US energy major's…
EGX listing aims to broaden investor base beyond fundraising: Korra Energi CEO
Korra Energi adopted an accelerated timetable for its debut on the Egyptian Exchange (EGX), moving quickly between regulatory approval of its prospectus and a mid-week investor roadshow as part of…
Planning minister pushes digital payments partnerships with national fintech firms
Ahmed Rostom, Minister of Planning and Economic Development, convened a high-level meeting with Ashraf Negm, Vice Chairperson and Managing Director of the National Investment Bank (NIB); Osama Saleh, Chairperson of…
Banque Misr launches financing programme for residential solar energy systems
Banque Misr has announced the launch of a dedicated financing programme for residential solar panel systems, offering flexible repayment terms and competitive benefits tailored to different customer segments, as part…
CIB, Mastercard deepen partnership to advance digital payments innovation in Egypt
Mastercard has announced a new partnership with Commercial International Bank (CIB) to strengthen digital payments innovation and broaden access to financial solutions in the Egyptian market. Under the collaboration, Mastercard…
Banks, companies offer EGP 73.09bn under ‘Affordable Housing Initiative’ until August
Banks and mortgage companies participating in the Affordable Housing Initiative have provided financing worth EGP 73.09bn to more than 583,700 clients until August 2024. According to a report from the…