FRA revokes licences of 258 microfinance NGOs for regulatory non-compliance
The Financial Regulatory Authority (FRA), chaired by Mohamed Farid, has issued Decision No. 258 of 2025 revoking the microfinance licences of 258 NGOs classified under Category “C”. The action follows extensive monitoring and inspection that revealed persistent non-compliance with the
Egypt, Chad discuss roadmap to expand joint investment in livestock sector
Egypt’s Minister of Agriculture and Land Reclamation, Alaa Farouk, met on Sunday with Abdelrahim El-Tayeb, Chad’s Minister of Livestock, to explore avenues for strengthening bilateral cooperation in the livestock sector. The meeting, held in Cairo on the sidelines of the
DAMAC strengthens regional presence with new Cairo office, launch of DAMAC Islands 2 in Dubai
DAMAC Properties has officially opened a sales office in Cairo and unveiled its new master development, DAMAC Islands 2, during a high-profile event at the Grand Egyptian Museum overlooking the Pyramids of Giza. Hosted by Amira Sajwani, Managing Director of
Egypt starts gas production at West Burullus field in Mediterranean: Petroleum Minister
Minister of Petroleum and Mineral Resources Karim Badawi has announced the start of initial gas production from the West Burullus field in the Mediterranean Sea, following the successful connection of the field’s first well to the national gas grid. Early
Minapharm, Bayer sign strategic agreement to localize pharmaceutical manufacturing in Egypt
Chairperson of the Egyptian Drug Authority (EDA), Ali Ghamrawy, witnessed the signing of a cooperation agreement between Minapharm Pharmaceuticals and Bayer International. The ceremony was held in the New Administrative Capital under the patronage—and in the presence—of Khaled Abdel Ghaffar,
EGP 18bn invested in women-led small, micro projects over 11 years: Rahmy
Bassil Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), announced that the agency has injected EGP 18bn over the past 11 years to finance women-led small and micro enterprises across all governorates, contributing to the creation
Gold in Egypt posts 2.3% weekly gain amid global volatility
Chairperson of the Gold and Precious Metals Division at the Federation of Egyptian Industries, Ehab Wassef, highlighted sharp fluctuations in the local gold market throughout the past week. He explained that although gold prices recorded notable gains in recent days,
Al-Sisi orders expansion of oil, gas and mining exploration, new investor incentives
Egyptian President Abdel Fattah Al-Sisi on Saturday directed his government to scale up oil, gas and mineral exploration and introduce additional incentives to attract investors, according to a statement from the presidency. The directives came during a meeting with Prime
Egypt unveils plan to borrow EGP 2.524trn from domestic market in Q2 FY 2025/2026
The Egyptian government has released full details of its plan to borrow EGP 2.524trn from the domestic market during the second quarter Q2 of fiscal year (FY) 2025/2026, as part of efforts to repay maturing debt instruments and finance the
Climate finance must be fairer for emerging economies: Finance Minister
Ahmed Kouchouk, Minister of Finance, stated that climate finance must become fairer for emerging economies and more closely aligned with national development priorities. He said Egypt supports expanding the use of guarantees, blended-risk structures, and hedging instruments to unlock private