NabioraCommunity
City of interestHurghada
EN
RUENAR

Nabiora

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.

11
Economy

Amr Hamzawi: I believe Iran will return to the negotiations in exchange for a gradual easing of sanctions

Dr. Amr Hamzawi, a professor of political science, said that the negative repercussions of the economic and financial blockade may push Iran to return to the negotiating table, with the opening of the Strait of Hormuz and the easing of sanctions at the heart of any potential agreement. In remarks to “Extra News” TV on Saturday evening, he added that the Iranian leadership comprises two factions: one ideological and radical, linked to the Revolutionary Guards, and

Economy

Iran-US conflict continues to weigh on global, domestic economies: CBE

The Central Bank of Egypt (CBE) has said the persistence of the Iran-US conflict continues to weigh on the global and domestic economies, with lingering effects on economic activity, foreign investment, and domestic inflation. The CBE added in its recently issued Monetary Policy Report (MPR) that recent favourable macroeconomic developments, attributed to the temporary ceasefire [...] The post Iran-US conflict…

Economy

Central Bank of Egypt says US measures against Banque Misr UAE branch will not impact domestic sector

The Central Bank of Egypt confirmed that recent United States measures imposed on Banque Misr’s branch in the United Arab Emirates, in connection with economic restrictions on Iran, will not impact the Egyptian banking sector or the bank’s domestic operations. US Dollar Transactions Restricted The central bank stressed that the US action is strictly limited [...] The post Central Bank of Egypt says US measures…

Economy

Egypt’s FRA pursues criminal charges and suspends consumer finance firm over data breach

The Financial Regulatory Authority (FRA) has initiated criminal proceedings, revoked a chief executive’s licence, and imposed a one-month ban on new contracts for a consumer finance company found to have exploited parents’ data to issue unauthorised loans for an international school. The sweeping decisions, approved by Authority Chairperson Islam Azzam, followed a four-day intensive [...] The post Egypt’s FRA…

Economy

Private sector secures 60% of investments as economic risk falls, Egypt finance minister tells premier

The private sector currently accounts for nearly 60% of total investments in Egypt as improving economic indicators drive international risk assessments to their lowest levels since 2014, Finance Minister Ahmed Kouchouk said on Monday. Briefing Prime Minister Mostafa Madbouly on the ministry’s portfolio, Kouchouk noted that recent state-led economic reforms have positively impacted investor [...] The post Private…

Economy

Foreign exchange reserves at safe levels, Egyptian premier and central bank governor affirm

Egypt currently holds safe levels of foreign exchange reserves capable of securing strategic requirements for basic commodities, Prime Minister Mostafa Madbouly and Central Bank of Egypt (CBE) Governor Hassan Abdalla affirmed on Monday. During a meeting at the government headquarters in New Alamein City to review priority economic files, the two officials emphasised their [...] The post Foreign exchange reserves at…

Economy

CBE issues regulations governing eKYC services to support digital banking, financial inclusion

The Central Bank of Egypt (CBE) has approved regulations governing the services of the Digital Financial Identity (DFI) Platform for identifying bank customers and electronically verifying their identities (eKYC), as part of the CBE’s ongoing efforts to support digital transformation and promote financial inclusion. The new regulations align with Egypt’s vision for transitioning to digital [...] The post CBE issues…

Economy

Egypt’s investment risk rating falls to lowest level since 2014, finance minister says

International investors have lowered their assessment of investment risk in Egypt to its lowest level since 2014 in response to recent economic reforms, Finance Minister Ahmed Kouchouk said. Speaking at an open dialogue with the heads of newly appointed Egyptian diplomatic missions abroad, Kouchouk stated that the country’s economy is improving and the private [...] The post Egypt’s investment risk rating falls to…

Economy

Egypt strengthens position as regional investment, digital services hub

Egypt is strengthening its position as a regional investment and business hub as Gulf companies and international investors increasingly look to the country as a long-term base for expansion, according to Mohamed Awaad, Egypt Corporate Agent at Ziada DC – UAE. Awaad said the renewed interest reflects a broader shift in investors’ outlook towards Egypt, [...] The post Egypt strengthens position as regional…

Economy

Egyptian FM, Palestinian VP urge preserving territorial unity in Gaza, West Bank

Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates Badr Abdelatty and Palestinian Vice President Hussein Al-Sheikh stressed on Sunday, August 23, 2026, the importance of preserving the territorial unity of the Palestinian territories in the Gaza Strip and the West Bank and enabling the Palestinian Authority to assume its responsibilities. The two officials discussed ... The post…