Egypt advances draft law to establish new family support fund covering unpaid alimony
Egypt’s cabinet has approved a draft law establishing the “Takaful Fund to Support the Egyptian Family,” a state-backed entity designed to execute unpaid alimony and child support judgments, including school fees, and to provide financial aid to families lacking a
Investment fund net assets surge to EGP 410bn in Q1 2026: FRA
The Financial Regulatory Authority (FRA), chaired by Islam Azzam, has issued its first report on the performance of investment funds operating in the Egyptian market during the first quarter (Q1) of 2026, revealing strong growth that reflects rising demand for
CIB posts Q1 2026 consolidated revenue of EGP 31.2bn, net profit of EGP 17.8bn
Commercial International Bank (CIB) reported consolidated net profit of EGP 17.8bn for the first quarter (Q1) of 2026, equivalent to EGP 4.65 per share, marking a 7% increase compared with the same period last year. The bank said it delivered
Egypt’s Nasser Social Bank sets FY 2026/27 draft budget at EGP 44.7bn
Egypt’s Nasser Social Bank has drafted a budget of EGP 44.7bn for the fiscal year (FY) 2026/27, an increase from the revised EGP 43.8bn for FY 2025/26, as the institution aims to expand social protection programmes and microfinance. The financial
Rayz Developments debuts in Egypt with BRX mixed-use project in New Cairo
Rayz Developments, the real estate arm of AlShams for Contracting and Engineering Works, has officially entered Egypt’s real estate market with the launch of its first mixed-use project, BRX, in New Cairo. The development reflects the company’s strategy to create
Egypt marks International Nurses Day, reaffirms support for healthcare workers
Egypt’s Health Ministry highlighted the importance of investing in nursing staff and expanding training programs during celebrations marking International Nurses Day, held under the slogan “Supporting nurses saves lives.” Health Minister Khaled Abdel Ghaffar emphasized that nursing staff represent one
Egypt to rebrand supply outlets into ‘CARRY ON’ franchise chain, offering youth financing
Egypt’s Ministry of Supply and Internal Trade has signed an agreement with the Micro, Small and Medium Enterprises Development Agency (MSMEDA) to transform existing state-subsidised supply outlets into a unified commercial franchise chain operating under the new brand “CARRY ON”,
Egypt targets 5.4% economic growth, EGP 3.7trn investments in FY 2026/27 plan
Egypt is targeting an economic growth rate of between 5.2% and 5.4% and total investments of EGP 3.7trn for the fiscal year (FY) 2026/27, with private investments accounting for the majority of the planned expenditure, the Minister of Planning and
APPO to launch African training platform by year-end as Egypt proposes June ministerial summit
The African Petroleum Producers’ Organisation (APPO) will launch a continent-wide training platform by the end of the year, its secretary-general announced during talks where Egypt proposed hosting an APPO ministerial session on the sidelines of the African Union’s mid-year coordination
Egypt’s Damietta Port receives its largest bulk cargo of 144,780 tonnes on YANG FAN vessel
Damietta Port received the Panama-flagged bulk carrier YANG FAN carrying 144,780 tonnes of bulk slag from China, marking the largest bulk cargo load handled by the port since its establishment. Arriving from Singapore, the bulk carrier measures 289 metres in