Egypt upgrades 33 railway workshops, completes 8 new maintenance facilities under network modernization plan
Egypt has completed the modernization of 33 railway workshops nationwide and finalized the construction of eight new maintenance facilities out of a planned total of 11, as part of the government’s comprehensive strategy to modernize the national railway network and
FRA chairperson discusses insurance sector cooperation with Russian central bank deputy governor
Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), received a Russian delegation headed by Alexey Guznov, Deputy Governor of the Central Bank of Russia, in the presence of Ahmed Abdel Aziz, Deputy Chairperson of the FRA; Mahmoud Gabrial, Assistant
Benban, Abydos expansions to add 1,000 MW of renewable energy capacity to Egypt’s national grid
Egypt is set to add 1,000 megawatts (MW) of renewable energy capacity and 600 megawatt-hours (MWh) of battery storage to the national electricity grid in the coming months, as part of its ongoing transition toward clean energy and efforts to
MSMEDA injects EGP 2.2bn to finance 54,000 projects in Menoufeya: CEO
Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), announced that the agency injected EGP 2.2bn in financing into Menoufeya between July 2014 and April 2026. The funding supported medium, small and micro enterprises, as well
Madbouly inspects strategic gas projects, infrastructure developments during Beheira tour
Prime Minister Mostafa Madbouly reaffirmed Egypt’s commitment to attracting new investments into the oil and gas sector and accelerating infrastructure development during a tour of several strategic projects in Beheira on Saturday. The visit included inspections of natural gas production
Inflation in May 2026: A Reassuring Decline and a Cautionary Signal
The key message in May’s data is that headline inflation continued to fall, while core inflation raised a yellow card to markets. Egypt’s inflation data for May 2026 carried a blend of positive signals and cautionary messages at the same
Economic Ministerial Group reviews IMF reform programme, approves updated State Ownership Policy
Egypt’s Prime Minister Mostafa Madbouly chaired a meeting of the Economic Ministerial Group in the New Administrative Capital to review key economic priorities, including progress under Egypt’s reform programme with the International Monetary Fund (IMF), inflation developments, investment reforms, and
Egypt urges increased climate finance for developing countries at Global Environment Facility assembly
Egypt has called for increased financial support for developing countries to help them address climate change, biodiversity loss and land degradation, stressing that global environmental objectives cannot be achieved without adequate, predictable and equitable financing. The appeal was made in
Egypt, DR Congo seek deeper cooperation in water management, climate resilience
Egypt and the Democratic Republic of Congo (DRC) have discussed expanding cooperation in water resources management, climate adaptation and capacity building during talks in Cairo between Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, and the DRC’s Minister of
CI Capital completes EGP 1.77bn securitisation issuance for Al Oula
CI Capital, one of Egypt’s leading diversified financial services groups, has successfully completed a securitised bond issuance worth EGP 1.77bn for El Taamir Securitization Company, backed by a receivables portfolio originated by Al Taamir for Leasing and Factoring (Al Oula).