International Consultant Mohamed El-Lethey Proposes 9 Comprehensive Strategies for Egypt to Navigate EU CBAM and Boost Export Competitiveness in 2026
The European Union’s Carbon Border Adjustment Mechanism (CBAM) entered full enforcement on Thursday, placing carbon tariffs on Egypt’s major exports to the bloc—worth $14 billion in the 2024/25 fiscal year. According to Mohamed El-Lethey, International Consultant in Quality and Sustainability,
Egypt to host 13 golf tournaments to drive tourism revenue growth: Omar Hisham
Egypt will host 13 international golf tournaments over the next four months, a move projected to significantly increase tourism revenues, Egyptian Golf Federation President Omar Hisham Talaat said on Wednesday. Speaking at a press conference at Madinaty Golf Club, Omar
Banking sector’s net foreign assets rise to $23.73bn in November 2025: CBE
The Central Bank of Egypt (CBE) reported that the net foreign assets (NFA) of the Egyptian banking sector increased to approximately $23.732bn, equivalent to EGP 1.13trn, in November 2025. This compares with $22.656bn (around EGP 1.07trn) in October, representing a
Egypt initiates executive steps to establish specialised Food University in partnership with Japan
Egypt has commenced executive procedures to establish a specialised “Food University” aimed at supporting national food security and sustainable development, the Education Development Fund (EDF) announced. The project, which is being implemented in partnership with Japan’s Hiroshima University and the
Five-year CDS fall to lowest level since 2020: Finance Ministry
The Ministry of Finance announced that Egypt’s five-year credit default swap (CDS) prices fell below 270 basis points on 6 January, marking their lowest level since 2020. At the same time, the cost and yields of international bonds declined sharply
Electricity, petroleum ministers review preparations to meet higher summer energy demand
Mahmoud Esmat, Minister of Electricity and Renewable Energy, and Karim Badawi, Minister of Petroleum and Mineral Resources, held a meeting on Wednesday to review and assess the action plan as part of ongoing preparations to meet the expected increase in
Public Enterprises Ministry, Future of Egypt discuss boosting industry cooperation
Minister of Public Enterprises Sector Mohamed Shimi received Head of Future of Egypt Authority for Sustainable Development Bahaa El-Ghannam, at the ministry’s headquarters in the New Capital to discuss ways to strengthen cooperation and advance strategic partnerships in support of
Egypt’s FRA launches first digital payment network for non-banking financial sector
The Financial Regulatory Authority (FRA) has launched the first integrated digital payment network for the non-banking financial sector as a central platform for the secure and unified digital settlement of financial dues. The network, established through a strategic partnership with
Turkish firm Eroglu Moda Tekstil to invest $5.6m in Egypt garment factory
Turkish company Eroglu Moda Tekstil has signed an agreement to establish a $5.6m (EGP 265m) ready-made garment factory in the West Qantara Industrial Zone, targeting the export of 95% of its annual production to global markets. Waleid Gamal El-Dein, Chairperson
Real GDP growth projected to reach 6.2% by FY 2029/30: Finance Ministry
Egypt’s real GDP growth is projected to reach around 5% in fiscal year (FY) 2025/2026 and 5.3% in FY 2026/2027, before accelerating to 6.2% by FY 2029/2030, according to the Ministry of Finance. In its Medium-Term Fiscal Strategy covering FY