Arab Finance: Egypt is planning to add 2,500 megawatts (MW) of renewable energy capacity to its national electricity grid before next summer, said Spokesman for the Presidency Mohamed El-Shennawy.

Arab Finance: Egypt will not be affected by the closure of the Strait of Hormuz, Minister of Petroleum and Mineral Resources Karim Badawi affirmed during the cabinet’s meeting. “We have diversified ...

Arab Finance: McDonald’s Egypt, operated by Manfoods, has launched its 2026 Ramadan campaign under the slogan “McDonald’s at the Heart of Every Gathering,” as per an emailed press release. The ...

Arab Finance: Egypt's net international reserves (NIR) jumped to $52.745 billion at the end of February 2026, according to the Central Bank of Egypt’s (CBE) data. The foreign reserves consist of a ...

Arab Finance: CI Capital Holding for Financial Investments (CICH) recorded consolidated net profits attributable to the equity holders of EGP 1.613 billion in 2025, the financial results showed. The ...

Arab Finance: The National Telecom Regulatory Authority (NTRA) ordered local mobile operators to grant subscribers free international minutes to six Arab countries, as per a statement. Under the ...

Arab Finance: The European Bank for Reconstruction and Development (EBRD) is providing a €13.7 million loan to Alumil Misr for Trade & Industry SAE, the Egyptian subsidiary of Alumil SA, according to ...

Arab Finance: The US dollar hit a new record on Monday, trading at EGP 49.45 for purchase and EGP 49.55 for sale at the Commercial International Bank Egypt (CIB). At Banque Misr, the exchange rate ...

Arab Finance: The Egyptian government explored ways to boost coordination with the local and foreign sector players and support the expansion of the automotive industry, according to a statement.

Arab Finance: Egypt’s non-oil private sector returned to contraction in February after four months of improvement, as weaker demand and rising cost pressures weighed on business activity, according to ...

Arab Finance: Egypt-based real estate developer IMKAN Misr has launched U by Clubside, the latest phase of its flagship Alburouj development in East Cairo, as part of its broader plan to expand the ...

Arab Finance: Minister of Investment and Foreign Trade Mohamed Farid and Minister of Industry Khaled Hashem met with representatives of the Export Council for Medical Industries (ECMI) to discuss a ...