Egypt cabinet formalises deputy minister portfolios for foreign affairs, international cooperation and housing
The Egyptian cabinet, led by Prime Minister Mostafa Madbouly, approved decrees defining the specific portfolios of newly appointed deputy ministers, centralising the state’s oversight of foreign debt, international grants, and massive urban development projects. The decrees specify the responsibilities for
Egyptian Awqaf ministry, state banks agree to instalment plan for Eid sacrifice vouchers
Buyers of state-managed Eid Al-Adha sacrificial meat vouchers will be able to pay in instalments over six months, following two cooperation protocols signed between the Ministry of Awqaf, Banque Misr, and the National Bank of Egypt. The agreements, witnessed by
Egypt stresses water-food security link at Africa Forward Summit
Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, underscored that sustainable water management is essential for strengthening food security and improving the resilience of Africa’s agricultural systems against climate change and water scarcity. According to the ministry, Sewilam
Egypt Healthcare Authority delivers over 330,000 mental health services across six governorates
The Egypt Healthcare Authority has provided over 330,000 mental health, support, counselling, and referral services within 227 primary care facilities across the first-phase governorates of the Universal Health Insurance system. The services were delivered at family medicine centres and units
Government confirms plans to list four military-owned companies on Egyptian Exchange
The government confirmed its commitment to list several Armed Forces-affiliated companies on the Egyptian Exchange (EGX), including National Company for the Sale and Distribution of Petroleum Products (Wataniya), Silo Foods, ChillOut, and the National Company for Road Construction, Development and
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