Egypt’s financial inclusion rate reached 79% at the end of June 2026, with 56.4 million people holding active accounts that allow them to conduct financial transactions.
The first week of August witnessed major transactions and updates in the economic sector, led by Emirates NBD Egypt’s deal to take over HSBC Bank Egypt.
The USD registered EGP 49.74 for buying and EGP 49.84 for selling at the Commercial International Bank (CIB) and the National Bank of Egypt (NBE) on Thursday, August 6.
Egypt’s state-owned Holding Company for Tourism and Hotels (HOTAC) and its subsidiaries are targeting consolidated revenues of EGP 9.4 billion and a net profit of EGP 5.5 billion during the current fiscal year (FY) 2026/2027.
Modon Misr and Mwasalat Misr signed an investment and shareholders’ agreement to establish Mwasalat Modon Misr, a company that will operate smart and sustainable transportation systems across Egypt’s new urban cities.
