Al Ahly Pharos Investment Banking completes EGP 2bn securitisation for Incolease
Al Ahly Pharos Investment Banking, the investment banking arm of the National Bank of Egypt, has successfully completed a securitisation issuance valued at EGP 2bn for Incolease, marking the first issuance under Al Ahly Securitization Company’s ninth programme. The issuance
Egypt arrests senior leader of MB-linked Hasm terror group over presidential plane plot
Egyptian authorities have arrested Ali Mahmoud Mohammed Abdel Wanis, a senior leader within the MB-linked Hasm terror group, for his role in a plot to target the presidential aircraft with shoulder-fired missiles and his involvement in multiple militant operations against
Pilot rollout of universal health insurance set for Minya to expand coverage
Egypt is preparing for the pilot implementation of its universal health insurance system in Minya as part of the second phase of the nationwide initiative aimed at broadening healthcare coverage and enhancing service quality, Minister of Health Khaled Abdel Ghaffar
Egypt’s media leadership agrees coordination framework to enhance national awareness
Egypt’s media leadership agreed on Tuesday to a new coordination framework aimed at enhancing national awareness and combating rumours, following directives from President Abdel Fattah al-Sisi to provide a professional discourse for all segments of society. Minister of State for
Egypt’s EOS, Saudi Tabseer sign MoU to strengthen regional cooperation in quality, sustainability
The Egyptian Organization for Standardization and Quality (EOS), affiliated with Egypt’s Ministry of Industry, has signed a Memorandum of Understanding (MoU) with Tabseer to enhance regional cooperation in conformity assessment, training and environmental sustainability services. EOS Chairperson Khaled Soufi said
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.