CBE receives $1.68bn in bids for USD-denominated T-bills
The Central Bank of Egypt (CBE) received 28 bids totalling $1.677bn for its latest auction of US dollar-denominated treasury bills (T-bills). The CBE had offered $1.5bn in the 363-day bills, scheduled to mature on 10 November 2026. According to data
Egypt, South Africa discuss strengthening cooperation in industry, transport
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir held an extensive meeting with South Africa’s Minister of Trade, Industry and Competition Parks Tau and his accompanying delegation to discuss ways to enhance cooperation in
Egypt steps up diplomacy to contain Sudan crisis as UN sounds alarm over El-Fasher atrocities
Egypt has intensified its diplomatic efforts to help end the ongoing conflict in Sudan, as fierce fighting continues in Darfur and Kordofan, and the United Nations warns of “horrific atrocities” that could amount to genocide in the city of El-Fasher,
Egypt’s ICT sector a government priority, creating 70,000 new jobs, says PM
Egyptian Prime Minister Mostafa Madbouly on Wednesday highlighted the significant growth of the country’s information and communications technology (ICT) sector, which he said is a top government priority due to its role in creating thousands of jobs for youth and
Egypt, India explore cooperation in high-tech pharmaceutical manufacturing, health investments
Egypt and India have discussed strengthening cooperation in the healthcare and pharmaceutical sectors, with a focus on technology transfer, local production of high-tech medicines, and expanding investment in health industries, according to a statement issued by Egypt’s Ministry of Health
ITIDA, Ericsson sign MoU to accelerate Egypt’s digital transformation, ICT growth
Under the patronage of Egypt’s Prime Minister Mostafa Madbouly, Ericsson and the Information Technology Industry Development Agency (ITIDA) have signed a three-year Memorandum of Understanding (MoU) to advance Egypt’s information and communications technology (ICT) and digital services sectors. Aligned with
Egypt’s SCZONE, China discuss boosting investment in auto, clean energy sectors
The head of Egypt’s Suez Canal Economic Zone (SCZONE) has met with a high-level Chinese economic delegation led by Deputy Minister of Commerce Ling Ji to discuss strengthening economic and investment cooperation. During the meeting at the authority’s headquarters in
EBRD invests $40m in Infinity to accelerate renewable energy growth across Africa
The European Bank for Reconstruction and Development (EBRD) has announced an additional $40m equity investment in its longstanding partner Infinity, Egypt’s leading renewable energy developer. The move raises the Bank’s total equity commitment to $141.5m, up from $101.5m. The fresh
Egypt releases 2023 State of Environment Report
Egypt’s Acting Environment Minister and Local Development Minister Manal Awad announced on Monday the completion and online publication of the 2023 State of the Environment Report, reaffirming the government’s commitment to integrating environmental priorities across all development plans in line
Egypt’s annual urban inflation rises to 12.5% in October, driven by higher fuel prices
Egypt’s annual urban inflation rate rose to 12.5% in October 2025, up from 11.7% in September, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). The increase was largely driven by higher fuel prices, following the government’s decision