IDA launches 414 ready-to-operate industrial units across 11 governorates
Industrial Development Authority (IDA) has announced the launch of 414 fully equipped industrial units for immediate delivery across 12 industrial complexes in 11 governorates, as part of the Ministry of…
Military Production Minister explores defence industry cooperation with Junghans, Thales Egypt
Salah Gamblat, Minister of State for Military Production, held talks with Luc Mestrallet, Chairperson of Junghans, and Sherif Barakat, CEO of Thales Egypt, to discuss prospects for joint cooperation in…
Finance Minister prioritises development financing, curbs commercial borrowing
Finance Minister Ahmed Kouchouk said the government is working to reduce budget sector debt and the overall deficit, while maintaining a primary surplus to lower debt servicing costs and create…
Health Minister reviews medical projects in Badr, Obour and Nasr City
Egypt’s Health Minister Khaled Abdel Ghaffar conducted a series of field inspections of key healthcare projects and facilities in Cairo and Qalyubeya, as part of the government’s efforts to accelerate…
Madbouly tours Benha Investment Zone to drive industrial growth, boost exports
Egypt’s Prime Minister Mostafa Madbouly conducted an extensive inspection tour on Saturday of several industrial facilities in the Benha Investment Zone, as part of the government’s ongoing efforts to support…
Trump gives Iran 48-hour ultimatum as fighting intensifies, ceasefire hopes fade
U.S. President Donald Trump said the deadline he had given Iran was close to expiring, warning that Tehran had just 48 hours to reach an agreement or reopen the Strait…
Banque Misr appoints Amr El-Nokaly as Deputy CEO for Business Sectors
Banque Misr has announced the appointment of Amr Mohamed Zaki El-Nokaly as Deputy Chief Executive Officer for Business Sectors. El-Nokaly brings extensive banking experience, most recently serving as Chief Business…
NBE, MSMEDA partner to expand financing for SMEs, entrepreneurship
The National Bank of Egypt (NBE) has signed a cooperation protocol with the Micro, Small and Medium Enterprise Development Agency (MSMEDA), aimed at strengthening joint efforts to support and develop…
Inflation outlook faces rising upside risks: CBE
The Central Bank of Egypt (CBE) has warned that the inflation trajectory and its target of 7% (±2%) for the fourth quarter (Q4) of 2026 are increasingly exposed to upside…
CBE mandates banks to establish dedicated anti-fraud units
The Central Bank of Egypt (CBE) has mandated banks operating in the Egyptian market to establish dedicated anti-fraud departments, which will report directly to the Chief Risk Officer and submit…