Education spending tops 2.5% of GDP, remittances near $40bn: HDB CEO
Yahia Aboul Fotouh, Chief Executive Officer of Housing and Development Bank (HDB), said the banking sector views investment in education as a cornerstone of sustainable development and human capital formation, stressing that financing education is a long-term investment that supports
Egypt reviews Red Sea sustainable blue economy projects, marine conservation plans
Minister of Local Development and Environment Manal Awad reviewed a package of proposed projects under the Sustainable Blue Economy in the Red Sea and Gulf of Aden (HESBERSGA) initiative, following recent regional meetings held in Jeddah, Saudi Arabia, the Ministry
Sustainable aviation fuel roadmap initiated in Egypt with ICAO and EU support
Egypt’s Ministry of Civil Aviation has launched the country’s first national feasibility study for the production and use of Sustainable Aviation Fuel (SAF) in collaboration with the International Civil Aviation Organization (ICAO) and the European Union. The study’s initiation was
Strong domestic, international demand fuels investment in Egypt’s healthcare: GAFI
Mohamed Awad, CEO of the General Authority for Investment and Free Zones (GAFI), said there is strong domestic and international demand for investment in Egypt’s healthcare sector, particularly in the management and operation of healthcare facilities and medical tourism. He
FRA to launch training programme for state-owned firms ahead of public offerings
The Financial Regulatory Authority (FRA) will launch a specialised training programme within days to prepare state-owned companies that have been provisionally listed on the Egyptian Exchange (EGX), along with their executive leadership, to meet listing and public offering requirements and
FRA raises audit cap for external auditors to five investment funds
The Financial Regulatory Authority (FRA), chaired by Islam Azzam, has issued a decision allowing external auditors to audit up to five investment funds simultaneously, up from the previous limit of three. Auditors wishing to audit more than five funds will
Egypt’s exports climb 21.1% to $5.1bn in April 2026
Egypt’s exports increased by 21.1% year-on-year to $5.1bn in April 2026, up from $4.2bn in the same month of 2025, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS). CAPMAS attributed the growth to higher exports across several
Trump announces renewed Iran naval blockade as Washington, Tehran trade fresh strikes
US President Donald Trump announced on Monday that Washington would immediately reimpose a naval blockade on Iran and keep the Strait of Hormuz open to commercial shipping “with or without Iran”, as the two countries exchanged a fresh wave of
Egyptian government outlines second tax facility package targeting industry and capital markets
Egypt plans to replace its capital gains tax on stock market transactions with a stamp duty and cut value-added tax (VAT) on medical devices from 14 per cent to 5 per cent as part of a second package of tax
Egypt moves to expand telemedicine services through digital healthcare upgrades
Egypt is stepping up efforts to expand telemedicine services and accelerate the digital transformation of its healthcare system, following a meeting between Minister of Health and Population Khaled Abdel Ghaffar and representatives of the Specialized Medical Councils, pharmaceutical company Novartis,