#Egypt
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Egypt’s FRA Extends Liquidation of Damanhour Carpet Workers’ Insurance Fund by One Year
Egypt’s financial regulator gave the fund’s liquidation committee another year from 23 July 2026 — or until completion —...
Egypt Weighs Joint-Stock Conversion for Bourse to Deepen Capital Markets
A proposal to turn Egypt's bourse into a shareholding company is splitting market professionals: backers see more flexib...
IMF Sees $4.7 Billion of Egypt State Divestment Proceeds Going to Debt Reduction
The estimate is conditional on completing remaining asset sales and allocating at least half to debt, while the fund war...
Egypt Takes In 4.72 Million Tonnes of Local Wheat as Season Nears Close
State buyers have collected 4.719 million tonnes of Egyptian wheat, up 780,823 tonnes on 2025, leaving a narrow gap to t...
El Dabaa Unit 1 Starts Fifth Inner Containment Level Installation
Twelve site-fabricated segments weighing 40–45 tonnes each will be assembled into a ring over two weeks using a 2,200-to...
EFinance Bets on New Non-Banking Deals as Profit Jumps 62.5%
EFinance has taken full control of SME and microfinance provider Tamweely and a minority stake in Welsy, extending its e...
Egypt Confirms August 2026 Salary Payment Dates for State Workers
The finance ministry says public-sector salaries will be available from August 23, with separate arrears dates of August...
Saudi Arabia Details Licensing Steps for Egyptian Contractors Eyeing Vision 2030 Projects
Saudi Arabia's investment ministry has published the licensing pathway Egyptian construction firms must follow to regist...
Egypt Moves to Digital Twin Operations for the Ismailia Canal
Irrigation minister Hani Sewilam directs trial use of a telemetry-linked digital twin for the Ismailia Canal, aiming to ...
Egypt Sets Compensation Rules for Owners of Distinctive-Style Buildings
Egypt's cabinet approves a framework for compensating owners of architecturally distinctive buildings barred from demoli...
Amer Group's H1 2026 Net Profit Jumps 204% to EGP 96.9m
Egyptian-listed Amer Group reported a 204% annual surge in first-half net profit to EGP 96.87m on higher revenue and a s...
Egypt Approves New Mahalla Spinning Company and Distressed Factory Restructuring Fund
Egypt's cabinet backs a split-off Ghazl El-Mahalla textile company and a state investment fund to restructure distressed...
Egypt Health Ministry Tracks Injured After Arabella Plaza Mall Incident in New Cairo
Three people died and several others were injured after an incident at Arabella Plaza Mall in New Cairo on Thursday even...
Egypt Opens 2026 Oil and Gas Exploration Round Across 14 New Concession Areas
Egypt has opened a 2026 international bid round for oil and gas exploration in 14 new areas, with EGAS blocks closing 14...
Suez Canal Insurance Takes 12 Seats on Egyptian Insurance Federation Technical Committees
The insurer gains roles across reinsurance, microinsurance and claims as the federation launches new cyber and investmen...
Egypt Marks 12 Years of Tahya Misr Fund with New Aid Package and Support for Road Crash Families
Prime Minister Mostafa Madbouly announced food, clothing and appliance aid for vulnerable households, while the fund wil...
Egypt Rail Investment Arm MOT to Offer 6,000 Sqm of Land to Private Developers
MOT, the Egyptian National Railways investment arm, will offer two land plots totalling 6,000 sqm in Qena and Gharbia in...
Egypt's Electricity Load Holds at 38.5 GW as Dabaa Nuclear Unit Hits Inner Containment Milestone
Stable power demand is met with over 3.8 bcf/d of gas and 12,000 tonnes of mazut, while the first nuclear unit's fourth ...
Egypt Eyes US Investment in New Cities and Water Desalination Projects
Housing minister Randa Al-Minshawi and the US chargé d'affaires discussed opportunities for US companies in Egypt’s urba...
Egypt’s PM Inspects Health, Water and Sanitation Projects in Gharbia as ‘Decent Life’ Expansion Accelerates
Prime Minister Madbouly visited Gharbia governorate to review the second phase of the presidential ‘Haya Karima’ initiat...
Egypt’s FRA, EGX, and Tax Authority Launch Joint Committee to Resolve Capital Market Tax Ambiguity
A new coordination committee between Egypt’s financial regulators and the tax authority has begun work to clarify tax tr...
Hirdaramani Group Eyes Egypt Expansion, Meets Investment Authority
Hirdaramani Group director Sid Hirdaramani met with Egypt's GAFI CEO to discuss establishing a regional manufacturing an...
Egypt’s New Real Estate Brokerage Rules Take Effect: Jail and Fines for Unlicensed Agents
New rules imposing jail terms and fines of up to EGP1 million on unlicensed real estate brokers are now being enforced, ...
Alexandria Container Handling’s H1 Profit Jumps 18% to EGP 3.8B as Expansion Advances
Egypt’s Alexandria Container and Cargo Handling Company reported a sharp rise in first-half earnings, backed by margin g...
Red Sea Ports Handle 13,000 Tons of Cargo and 677 Trucks in Day's Trade
Egypt's Red Sea ports recorded 13,000 metric tons of general cargo and 677 trucks transiting through its facilities, wit...
Egypt's FRA Opens Door to Hedge Funds, Betting on Liquidity and Foreign Capital
The Egyptian Financial Regulatory Authority has issued the regulatory framework for hedge funds, enabling asset managers...
Egypt and Chad Boost Economic Ties with Land Corridor, Health, and Education Projects
Bilateral talks in N'Djamena yielded MoUs on health, culture, civil aviation, and tourism, alongside plans for a strateg...
FRA Approves Live Test for ePassport Digital Identity Project by Lumin Soft and Azimut
Egypt’s financial regulator has given Lumin Soft and Azimut the green light for a three-month live trial of a digital id...
Egypt Holiday Prices: What You'll Really Pay and How to Avoid Overpaying
A week-long Egyptian holiday can cost under €500 in summer but tops €1,000 in peak season. Finax experts reveal where to...
Egyptian Agricultural Bank awards staff over personal loan surge in Q1 2026
ABE has honoured branch managers and retail leaders for delivering exceptional personal loan volumes, underscoring a per...