Madbouly reviews plans to reduce Egypt's public debt to 69.5% of GDP by 2030

Prime Minister Mostafa Madbouly reviewed the government's plans to accelerate public debt reduction in line with the Egypt Forum 2026 goals, which aim to lower public debt to approximately 69.5% of gr...

Egypt, Brookfield Asset Management mull cooperation in key sectors

Banque Du Caire’s consolidated profits rise 4.6% YoY in 9 months

Arab Contractors inks exclusive deal with China's HLF to market drilling tools in Egypt

Egypt allocates 26,690 feddans in Red Sea to Finance Ministry for public debt reduction

Latest News

Accor's Movenpick to launch 1st luxury hotel in New Mansoura City Updated 1h35m

Egypt transfers ownership of 2 maritime companies to Suez Canal Authority Updated 2h8m

Egypt allocates 26,690 feddans in Red Sea to Finance Ministry for public debt reduction Updated 2h22m

Madbouly reviews plans to reduce Egypt's public debt to 69.5% of GDP by 2030 Updated 2h41m

SAIB, BMB Egypt sign 3-year agreement to expand intelligent automation Updated 3h40m

Banque Du Caire’s consolidated profits rise 4.6% YoY in 9 months Updated 7h24m

Arab Contractors inks exclusive deal with China's HLF to market drilling tools in Egypt Updated 8h33m

Egypt, Brookfield Asset Management mull cooperation in key sectors Updated 8h45m

Egypt, Morgan Stanley discuss cooperation in capital markets, international offerings Updated 9h15m

Egypt’s remittances leap to $13B in Q1 FY2026/27: CBE Updated 11/10/2026 3:29:00 PM

Macroeconomy

Gold prices edge down on November 11

Gold prices went down on Wednesday, November 11, with the international ounce recorded $4.032.9 for buying and $4.032.6 for selling.

EGX indices close Wednesday mixed

Egypt allocates 26,690 feddans in Red Sea to Finance Ministry for public debt reduction

Madbouly reviews plans to reduce Egypt's public debt to 69.5% of GDP by 2030

Finance and Banking

USD trades above EGP 53.5 at local banks

FRA extends OG Capital’s capital increase subscription deadline to November 12

SAIB, BMB Egypt sign 3-year agreement to expand intelligent automation

Banque Du Caire’s consolidated profits rise 4.6% YoY in 9 months

Real Estate and Tourism

Accor's Movenpick to launch 1st luxury hotel in New Mansoura City

Accor Group is expanding its presence in Egypt through its Movenpick brand, with plans to launch the first five-star hotel in New Mansoura City

Orascom Development’s consolidated profits up 6.42% YoY in 9 months

Radisson Hotel Group plans 30 properties in Egypt by 2030

PRE Group, Hilton ink EGP 14B deal for 6 hotels, 4 branded residential projects in Egypt

Automotive and Transportation

Egypt transfers ownership of 2 maritime companies to Suez Canal Authority

Prime Minister Mostafa Madbouly issued a decree transferring full ownership of the shares of two maritime companies from the Holding Company for Maritime and Land Transport to the Suez Canal Authority (SCA), as published in the Official Gazette.