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Egypt news

What matters across Egypt and Hurghada: recent stories first and earlier coverage in the archive.

Stories: 73

Stories: 73

News archive

Earlier coverage in a compact, duplicate-free view.

15
Economy

Madbouly Monitors Progress on Resolving Financial Interdependencies Between the Cotton Holding Company, the Spinning and Weaving Company, and the Nati

Prime Minister Dr. Mostafa Madbouly held a meeting today to follow up on the progress made in resolving financial entanglements and settling the debt between the Holding Company for Cotton, Spinning, Weaving, and Garments and the National Social Insurance Authority. The meeting was attended by Dr. Hussein Issa, Deputy Prime Minister for Economic Affairs; Major General Jamal Awad, Chairman of the National Social Insurance Authority; and Dr. Hashim Al-Sayed, Assistant to the Prime Minist

Economy

UK Announces Import Ban on Goods From Israeli Settlements in West Bank

The United Kingdom announced new measures targeting Israeli settlements in the occupied West Bank on Tuesday, 8 September, including a ban on imports of goods produced in the settlements and sanctions against individuals and companies involved in settlement expansion. British Foreign Secretary Ed Miliband announced the measures in Parliament, saying the UK would introduce a “comprehensive sanction regime” targeting…

Economy

Why Aman Is the Best Installment App in Egypt?

Buy now, pay later (BNPL) has become one of the fastest-growing ways Egyptians shop online and in-store. Rising prices, currency fluctuations, and the need for flexible cash flow have pushed millions of shoppers toward installment apps instead of traditional credit cards or bank loans. Among the many options available in the Egyptian market today, **Aman [...] The post Why Aman Is the Best Installment App in Egypt?…

Economy

Egypt’s net international reserves rise to $57.214bn in August

Egypt’s net international reserves rose by $920 million to reach $57.214 billion in August 2026, up from $56.294 billion in July, according to the Central Bank of Egypt (CBE). The growth was driven by a $1.919 billion increase in the value of gold included in the reserves, which reached $19.058 billion in August compared [...] The post Egypt’s net international reserves rise to $57.214bn in August first appeared on…

Economy

Egypt and Italy Talk Expanding Trade, Energy and Labour Cooperation

Egypt and Italy discussed expanding cooperation in trade, investment, energy, and labour mobility during the first session of the Egyptian-Italian Joint Higher Committee in Cairo on Thursday, 3 September, according to a statement issued by Egypt’s Ministry of Foreign Affairs published on Friday, 4 September. The meeting was co-chaired by Egyptian Foreign Minister Badr Abdelatty and Italian Deputy Prime Minister and…

Economy

China to Expand Investment in Egypt’s AI and Electric Cars Industries

Seventy years after Egypt became the first Arab and African country to establish diplomatic relations with the People’s Republic of China, Cairo and Beijing are looking to take their relationship into a new era. Chinese President Xi Jinping’s two-day state visit to Egypt, held September 1–2 at the invitation of President Abdel Fattah El-Sisi, was focused on the future of the two countries’ relations. During their…

Economy

Planning Minister discusses mechanisms to support Egypt’s private sector with IFC

Minister of Planning and Economic Development Ahmed Rostom met with Ari Naim, Regional Industry Director for North Africa and the Horn of Africa at the International Finance Corporation (IFC), to discuss strengthening the partnership and mechanisms to support the private sector in Egypt. At the start of the meeting, the planning minister congratulated the IFC [...] The post Planning Minister discusses mechanisms to…

Economy

SODIC secures EGP 7.5bn CIB facility to finance June North Coast project

SODIC has signed a medium-term facility agreement worth EGP 7.5bn with Commercial International Bank – Egypt (CIB) to finance the development and construction of its June project on the North Coast. The financing forms part of CIB’s strategy to support leading companies and value-added projects through integrated financing solutions that underpin growth and expansion plans [...] The post SODIC secures EGP 7.5bn CIB…

Economy

Cabinet Denies Any Proposal to Swap Suez Canal Ownership for Domestic Debt Settlement

Egypt’s Cabinet denied on Sunday 30 August circulating claims that the government plans to transfer ownership of the Suez Canal to the Central Bank of Egypt as a way to settle part of the state’s domestic debt. The denial came after some online reports had proposed swapping the canal’s ownership for debt relief which then prompted clarification from the Egyptian government. The Cabinet added that the idea of…