Egypt’s CIB named Africa’s best sustainable finance bank for 2025
Commercial International Bank (CIB) has been named the best bank for sustainable finance in Africa for 2025, an achievement recognised on Tuesday at a ceremony attended by Central Bank of Egypt (CBE) Governor Hassan Abdalla. The event, hosted by the
Egypt, Kenya deepen strategic cooperation on water security, investment, and regional stability
Egypt’s Foreign Minister Badr Abdelatty and Minister of Water Resources and Irrigation Hani Sewilam met Kenyan President William Ruto during an official visit to Kenya to advance strategic cooperation in water management, security, investment and regional stability, according to a
Egypt to launch largest Mediterranean gas drilling programme in 2026
Egypt will implement its largest-ever gas drilling programme in the Mediterranean in 2026, Minister of Petroleum and Mineral Resources Karim Badawi said on Tuesday during an inspection of Shell’s new offshore operations. The minister visited the STENA ICEMAX drillship to
FRA tightens licensing framework for futures brokerage
The Financial Regulatory Authority (FRA) has issued a new decision setting out detailed requirements and conditions for licensing futures brokerage activity, marking a further step in completing the legislative and regulatory framework governing Egypt’s derivatives market. The move is aimed
Electricity Minister reviews summer readiness, fuel efficiency with generation companies
Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Esmat, held a high-level meeting with heads of power generation companies to review summer preparedness measures, new operating patterns and efforts to reduce fuel consumption rates ahead of the peak demand season.
PM Madbouly appoints Hamdy Badawi as assistant to FRA chair
Egypt’s Prime Minister Mostafa Madbouly has issued Decree No. 443 of 2026 appointing Hamdy Mahmoud Badawi as Assistant to the Chairperson of the Financial Regulatory Authority (FRA). Badawi brings more than 26 years of experience in criminal investigations and the
First pulmonary valve transplants completed under Egypt’s universal insurance scheme
The Egypt Healthcare Authority (EHA) has successfully performed the first two transcatheter pulmonary valve implantations (TPVI) under the country’s Universal Health Insurance system at Al-Nasr Specialised Hospital in Port Said, the authority announced in a statement. The procedures, which cost
TMG overhauls Egypt’s industrial blueprint to break import dependency
High above the manicured streets of Madinaty’s B8 district, the silent hum of a new elevator marks more than just a mechanical ascent for Talaat Moustafa Group (TMG), the country’s largest listed developer. It represents the first physical output of
Entrepreneurs’ uptake of simplified tax regime surpasses expectations: ETA head
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), announced that the number of entrepreneurs and small and micro enterprise owners joining the simplified tax system since its launch in February 2025 has exceeded expectations, particularly during the final
Egypt plans $4bn investment in six refinery projects, minister says
Egypt is implementing six petroleum refinery development projects with total investments exceeding $4bn, Minister of Petroleum and Mineral Resources Karim Badawi said. The projects are designed to increase domestic production, boost added value, and reduce the country’s fuel import bill,