Egypt and the International Islamic Trade Finance Corporation (ITFC) signed the Annual Work Program for 2026 at a value of a $1.5 billion, extending their successful development partnership.
The second week of May brought a series of developments that continued to shape Egypt’s economic landscape, most notably the decision by EgyptERA to increase electricity prices for several economic and service sectors.
The exchange rate between the USD and EGP stabilized at the Egyptian banks on Thursday, May 14th.
Prime Minister Mostafa Madbouly held a meeting with Minister of Tourism and Antiquities Sherif Fathi to follow up on measures to stimulate the tourism sector amid the current geopolitical challenges.
Alexandria Container and Cargo Handling Company (ALCN) registered a 10% year-on-year (YoY) increase in net profits after tax, achieving EGP 1.943 billion in the first three months of 2026.
