The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) kept its key interest rates unchanged at its fifth meeting of 2026, citing inflation developments and continued uncertainty surroundin...
The third week of August wrapped up with notable economic developments, as the Central Bank of Egypt (CBE) expected Egypt’s headline inflation to accelerate temporarily through the third quarter (Q3) of 2026 before gradually easing toward its target range in the second half (H2) of 2027. Meanwhile, President Abdel Fattah El-Sisi renewed Hassan Abdalla’s appointment as Acting Governor of the CBE for another year.
Egypt’s Accountability State Authority (ASA) and Qatar’s State Audit Bureau have signed a memorandum of understanding (MoU) to expand cooperation in public-sector auditing, exchange expertise, and develop oversight methodologies and tools.
Palm for Investment and Real Estate Development, a subsidiary of Egypt-based luxury real estate developer Palm Hills Developments, has signed a long-term syndicated financing agreement worth EGP 8 billion with Banque Misr and the National Bank of Egypt (NBE).
Dubai-based paid public parking provider Parkin Company PJSC has signed a memorandum of understanding (MoU) with Modon Misr for Asset and Facility Management, Mwasalat Misr and Redcon Properties to explore the development of smart parking and mobility solutions in Egypt.
