Banks in Egypt record net profits of EGP 433.8bn in Q3 2025
Banks operating in the Egyptian market recorded net profits of EGP 433.772bn in the third quarter of 2025, up from EGP 274.938bn in the second quarter, according to data released by the Central Bank of Egypt (CBE). In its latest
Egypt targets 80% debt-to-GDP ratio by June 2026 as external debt falls $4bn
Egypt aims to reduce its budget debt-to-GDP ratio to 80% by the end of June, Finance Minister Ahmed Kouchouk said on Saturday, as the government continues a fiscal discipline path that has already seen the ratio fall from 96% to
FRA issues model policy for Real Estate Title Insurance in Egypt
The Financial Regulatory Authority (FRA), chaired by Mohamed Farid, has announced the issuance of a model insurance policy for Real Estate Title Insurance, enabling insurance companies to provide coverage to property buyers against risks related to the validity of ownership
CBE’s 1% rate cut eases financing costs, boosts industry, market confidence
The Central Bank of Egypt (CBE) announced a 1% cut in its key interest rates last Thursday, marking a significant step towards easing monetary conditions and supporting economic activity amid signs of moderating inflation. The decision was widely welcomed by
From shield to showcase: Egypt’s military envoys briefed on 2026 economic ‘turning point’
In a room filled with the nation’s newly designated military attachés, the talk was not of ballistics or borders, but of textiles, tech hubs, and the price of global trade. Dr. Rania Al-Mashat, Egypt’s Minister of Planning, Economic Development and
Egypt intensifies tax, customs support for tourism sector through joint committees
Rasha Abdel Aal, Head of the Egyptian Tax Authority, said the Ministry of Finance and the Authority are giving special attention to the tourism sector, describing it as a vital contributor to national income that receives targeted support to help
Egyptian cabinet approves tougher traffic law penalties to improve road safety
At its 72nd meeting, chaired by Prime Minister Mostafa Madbouly, the Egyptian Cabinet approved a package of key decisions spanning traffic regulation, healthcare, infrastructure development, vocational training, and economic reform. The Cabinet endorsed amendments to Traffic Law No. 66 of
Egypt launches Sharm El-Sheikh sustainable development strategy to advance green transition
Egypt’s Acting Minister of Environment Manal Awad on Wednesday announced the official launch of the Sharm El-Sheikh Sustainable Development Strategy (SESSDS), aimed at supporting the Red Sea resort city’s transition into a green, resilient and sustainable destination. The strategy was
Egypt’s Agricultural Research Centre ranks second in 2025 regional Scimago table
Egypt’s Agricultural Research Centre has secured second place in the Middle East and North Africa in the 2025 Scimago regional rankings for research centres, the Ministry of Agriculture and Land Reclamation said on Wednesday. The announcement was made during a
Health Ministry, Veterinarians’ Syndicate discuss training, law amendments, veterinary drugs
Egypt’s Minister of Health and Population, Khaled Abdel Ghaffar, met with Magdy Hassan, head of the General Syndicate of Veterinarians, to discuss several shared priorities, including professional training, proposed amendments to the veterinary practice law, and challenges facing the veterinary