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 the defence industries sector. The meeting explored opportunities for joint
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 Industry’s strategy to localise manufacturing and strengthen domestic supply chains.
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 Officer for Corporates, Financial Institutions and Governments at Bank ABC,
Egypt targets $1bn in annual marble, granite exports
Egypt’s Minister of Industry Khaled Hashem has held a high-level meeting to discuss mechanisms to boost marble and granite exports and address challenges facing quarry operators. He affirmed the government’s strong commitment to the sector, describing marble and granite as
FRA chair meets mortgage finance firms to boost activity, efficiency
Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), held a meeting with representatives of the Egyptian Mortgage Federation and companies operating in the sector, as part of the Authority’s ongoing engagement with non-banking financial activities. The meeting reflects FRA’s
Shell Egypt, Ministry of Petroleum spotlight youth innovation and entrepreneurship at EGYPES 2026 Youth Impact Ceremony
A youth project tackling online gaming addiction and a sports-tech startup took top honours on Wednesday at the EGYPES 2026 Youth Impact Ceremony, hosted by Shell Egypt and the Ministry of Petroleum and Mineral Resources. The event recognised winners from
Tax revenues surge 30.8% in first eight months of FY 2025/26: Finance Ministry
The Ministry of Finance announced that tax revenues rose by 30.8%, equivalent to EGP 380.3bn, during the first eight months of FY 2025/2026, bringing total collections to EGP 1.614trn, compared to EGP 1.234trn in the same period of the previous
Al-Sisi underscores commitment to economic reforms, market stability
Egyptian President Abdel Fattah Al-Sisi affirmed on Wednesday that the government will press ahead with fiscal reforms aimed at safeguarding economic stability and accelerating private sector growth, amid the continued impact of regional conflict on markets and global supply chains.
Strong expectations for CBE to hold interest rates
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is set to hold its second regular meeting of the year, on Thursday, to decide on key interest rates, which serve as a strong indicator of the direction
Egypt to extend retail opening hours for upcoming Christian holidays
Egypt will extend the opening hours for shops, malls, and restaurants until 11 PM between April 10 and April 13 to mark upcoming Christian holidays, the cabinet announced on Wednesday. The decision, approved during a weekly meeting chaired by Prime