Al-Sisi reaffirms Egypt’s support for African Development Bank
Egyptian President Abdel Fattah Al-Sisi reaffirmed Egypt’s full support for the African Development Bank Group (AfDB), stressing its crucial role in financing development and infrastructure projects across Africa amid growing economic and geopolitical challenges. In a statement, Egypt’s presidency said
Sovereign Fund of Egypt selects EFG Hermes to manage 20% Misr Life Insurance stake sale
The Sovereign Fund of Egypt has selected investment bank EFG Hermes to manage the offering of an approximate 20% stake in state-owned Misr Life Insurance on the Egyptian Exchange. The target date for executing the offering is before the end
Delta Capital, Emirates Global ink $500m partnership for mixed-use projects in Egypt
Delta Capital for Urban Development has signed a strategic partnership with Emirates Global Investment (EGRI), a subsidiary of NCE Group, to develop a portfolio of mixed-use projects in Egypt with total estimated investments of $500m. The agreement establishes a joint
Egypt repays $6.4bn in external debt service in Q1 2025/26: CBE
The Central Bank of Egypt (CBE) said the government repaid $6.442bn in external debt service, covering both interest and principal, during the first quarter (Q1) of the 2025/2026 fiscal year, compared with $7.952bn in the same period of 2024/2025. In
New Nile Delta gas discovery adds 50 mcf/d to Egypt output: Petroleum Ministry
Egypt’s Ministry of Petroleum and Mineral Resources has announced a new natural gas discovery in the Nile Delta, with an estimated production capacity of around 50 million cubic feet per day (mcf/d). The discovery follows the successful drilling of the
Ptolemaic circular bath, Roman mosaic villa unearthed in Egypt’s Alexandria
Archaeologists in Egypt have unearthed the remains of a late Ptolemaic circular public bath and a Roman residential villa featuring multi-style mosaic floors in the Moharam Bek area of central Alexandria. The discovery, made by a Supreme Council of Antiquities
Egypt expands mental health services nationwide through new initiative
Egypt’s Ministry of Health has launched new clinics under the presidential “Your Health is Happiness” initiative to expand mental health services and further integrate psychological care into the public healthcare system. Speaking at the launch event, held in partnership with
Egypt discusses new Alexandria hospital project with Greek Orthodox Patriarchate
Egypt’s Ministry of Health has discussed plans with the Greek Orthodox Patriarchate of Alexandria to establish a new hospital attached to the Patriarchate’s headquarters in Alexandria, as part of efforts to expand healthcare services and strengthen community partnerships. In a
Slower monetary easing to support banks’ profitability: HC
The research department of HC Securities & Investment has released its latest evaluation of Commercial International Bank stock (COMI), projecting that Egypt’s banking sector profitability will benefit from a slower monetary easing cycle and a lower required reserve ratio (RRR).
The Facility Investing for Employment launches a New Call for Proposals in Egypt
©️ KfW Bildarchiv / photothek.net The Facility Investing for Employment has launched a competition round in Egypt. Companies as well as public and non-profit organisations can apply for co-financing grants. To be eligible for a grant, investment projects must create