The overnight deposit rate, overnight lending rate, and the rate of the main operation remain at 19.0 percent, 20.0 percent, and 19.5 percent, respectively. The discount rate was also maintained at 19.5 percent. This decision reflects the Committee’s assessment of prevailing inflation dynamics and the evolving outlook since the previous MPC meeting.

egyptian-gazette

Prime Minister Moustafa Madbouli chaired a follow-up meeting on Thursday to review plans for expanding seawater desalination projects and localising related industries.

During the meeting, the premier emphasised that water security is a national priority, noting that desalination is essential to meet population growth and development needs.

Madbouli stressed the government’s commitment to selecting the best international offers, ensuring high-quality and sustainable technology transfer, and providing incentives for investors. He directed that clear timelines be set for ongoing projects and that obstacles be removed.

Housing Minister Randa El-Menshawy presented the strategic plan for desalination (2020–2050), which is divided into six five-year phases. Egypt currently operates 129 plants with a total capacity of 1.41 million cubic meters per day, with 19 more under construction. Future projects include 11 public-private partnership (PPP) plants in coastal governorates and 14 additional PPP projects with a combined capacity of 2.36 million cubic meters per day.

El-Menshawy also highlighted efforts to localise desalination membrane production and promote domestic manufacturing of electromechanical equipment. Coordination is underway with national and international companies to establish new factories in Egypt, targeting both local and export markets.

On energy efficiency, the minister reported a 40 per cent reduction in electricity consumption at the ministry and its affiliated bodies, achieved through measures such as reduced lighting and slowing fuel-intensive projects. Consumption dropped from 13.5 million kWh per month to 8.1 million kWh, cutting costs from LE31.59 million to LE18.954 million.

As part of strengthening ties between developmental and financial institutions of the state and activating avenues of joint cooperation to provide greater support to the sector of medium, small, and micro enterprises, thereby contributing seriously to enhancing the competitiveness of the Egyptian economy, Mohamed El-Etreby, CEO of the National Bank of Egypt, signed a Memorandum of Understanding with Basel Rahmy, CEO of the Micro, Small, and Medium Enterprises Development Agency. The signing was attended by Soha El-Turki, Deputy CEO of the National Bank of Egypt; Nader Saad, Executive Head of SMEs at the National Bank of Egypt; Mohamed Medhat, Deputy CEO of the Agency; Dr. Raafat Abbas, Supervisor of Development Sectors at the Agency; Samah Gouida, Head of the Agency’s Media Sector; along with a number of leaders from both the bank and the agency.

Following the signing, Mohamed El-Etreby emphasized that this protocol extends the national role played by the National Bank in supporting the Egyptian economy, noting that the bank places the SME sector at the top of its priorities as one of the fundamental pillars for achieving comprehensive development. He added that the partnership with the Agency represents an effective model of integration between financial and developmental institutions, contributing to a supportive environment for the growth of these enterprises, increasing their contribution to GDP, and creating sustainable job opportunities.

Basel Rahmy, CEO of the Agency, stressed the importance of cooperation with one of Egypt’s largest banks (the National Bank of Egypt) to enhance support provided to enterprises of all types, especially in Upper Egypt and border governorates, whether in terms of financing, technical support, or marketing. He noted that expertise will be exchanged between the Agency and the Bank regarding mechanisms to support the SME sector, entrepreneurship, and financial inclusion.

Rahmy added that the new cooperation will focus on productive and industrial sectors, as well as handicrafts and heritage industries, given their ability to access global markets and provide labor-intensive job opportunities. This comes in line with the national strategy for handicrafts launched by Prime Minister Dr. Mostafa Madbouly, Chairman of the Agency’s Board of Directors, during the “Turathna” (Our Heritage) exhibition last year.

For her part, Soha El-Turki confirmed that the signing of the MoU aligns with the Bank’s strategy to support the SME sector as one of the main drivers of economic growth and job creation. She emphasized the Bank’s commitment to strengthening its role in supporting entrepreneurs and project owners by offering integrated financing solutions and innovative banking services suitable for all market sectors, enabling these enterprises to expand and grow, thereby supporting sustainable economic development and enhancing Egypt’s competitiveness.

Mohamed Medhat, Deputy CEO of the Agency, explained that the MoU represents a strong boost to expanding access to financing and integrated services for the Agency’s clients. He noted that the Agency works to create a supportive environment for entrepreneurship, contributing to increased productivity and opening new markets for enterprises. He added that this step is part of the state’s efforts to promote economic growth and create sustainable job opportunities.

Nader Saad, Executive Head of SMEs at the National Bank of Egypt, pointed out that this partnership is an important step toward providing a comprehensive system to support project owners, combining the Bank’s financial and banking expertise with the developmental and technical services offered by the Agency. This integration will enable SMEs to grow, expand, and add value to the national economy.

The cooperation also includes supporting initiatives related to enhancing exports, franchising, women’s economic empowerment, handicrafts, and financing value chains in the food industries and other productive sectors. Additionally, the partnership will explore launching joint promotional campaigns to spread the culture of entrepreneurship and raise awareness of the services offered by both parties to support project owners, as well as studying the installation of the Bank’s ATMs inside some Agency branches.

Under the directives of His Excellency the President of the Republic, Dr. Badr Abdel Aaty, Minister of Foreign Affairs, International Cooperation, and Egyptians Abroad, met with His Excellency President Vladimir Putin of the Russian Federation on Thursday, April 2, during his official visit to Moscow, to discuss ways to strengthen bilateral relations and developments in regional issues of mutual concern.

Minister Abdel Aaty conveyed the greetings of President Abdel Fattah El-Sisi to the Russian President and delivered a written message from the Egyptian President to President Putin, addressing ways to develop bilateral relations, enhance the strategic partnership between the two countries, and continue coordination on regional and international issues of common interest. The Minister expressed Egypt’s high appreciation for its strategic partnership with Russia, reflected in the ongoing reciprocal visits between the leaderships and officials of both countries.

For his part, President Vladimir Putin asked that his greetings and deep appreciation be conveyed to President El-Sisi, praising the depth of Egyptian-Russian relations and fruitful cooperation in various fields, and commending the constructive role played by President El-Sisi in supporting security and stability in the Middle East.

Ambassador Tamim Khalaf, the official spokesperson for the Ministry of Foreign Affairs, stated that Minister Abdel Aaty discussed various aspects of bilateral relations, stressing the importance the Egyptian government attaches to the Dabaa Nuclear Power Plant project, and Egypt’s commitment to its implementation timeline as a national project. He also addressed the Russian Industrial Zone project in the Suez Canal Economic Zone, describing it as another milestone in bilateral cooperation, and expressed anticipation for the start of joint working group meetings between the General Authority of the Suez Canal Economic Zone and the Russian Ministry of Industry and Trade to agree on financing channels and implementation mechanisms.

The Minister also praised the existing cooperation between the two countries in importing wheat, grains, and oils from Russia, affirming Egypt’s interest in continuing this close trade cooperation, and expressing the aspiration for the Russian side to consider participating in launching the Grain Logistics Center project.

The spokesperson added that the meeting addressed several regional issues, foremost among them the escalation of military tensions in the Middle East. Minister Abdel Aaty reviewed Egypt’s intensive diplomatic efforts to de-escalate, stressing that calm and diplomatic solutions are the optimal path to avoid widening the conflict. He highlighted the outcomes of the recent quadrilateral ministerial meeting held in Islamabad, Pakistan, affirming Egypt’s determination to continue exerting maximum efforts to support regional security and stability.

The meeting also discussed the repercussions of military escalation, particularly its impact on freedom of navigation, supply chains, food security—including the flow of grains and agricultural inputs—and energy security amid volatile oil and energy prices.

Regarding developments in the Palestinian issue, Minister Abdel Aaty reviewed Egypt’s tireless efforts to restore calm and stability in Gaza, emphasizing the importance of deploying an international stabilization force and enabling the Gaza Administration Committee to carry out its duties from within the Strip, paving the way for the Palestinian Authority to resume its responsibilities. He pointed to Egypt’s efforts in training Palestinian police forces. The Minister condemned blatant Israeli violations in the West Bank, including settlement expansion, land confiscation, and the Knesset’s adoption of the law authorizing the execution of Palestinian prisoners.

The meeting also addressed developments in Libya, where Minister Abdel Aaty reaffirmed Egypt’s steadfast position supporting Libya’s unity and stability, and the need to unify its national institutions. He stressed the importance of reaching a comprehensive political settlement through a Libyan-led process that meets the aspirations of the Libyan people and supports holding presidential and parliamentary elections simultaneously as soon as possible.

On another front, the meeting touched on the Ukraine crisis, where the Foreign Minister reiterated Egypt’s firm position calling for resolving conflicts through peaceful means and dialogue, contributing to strengthening regional security and stability.

The Egyptian Stock Exchange revealed the most prominent data and disclosures of some companies during today’s session, April 2, 2026. The most important were as follows:

Arab Dairy Products Company – Panda records consolidated net losses of 183 million pounds during 2025
The consolidated annual results of Arab Dairy Products Company – Panda for 2025 showed net losses of 183,171,393 pounds compared to net profits of 97,085,359 pounds in 2024.

Heliopolis Housing and Development obtains three international certificates in governance, sustainability, and anti-corruption
A statement from Heliopolis Housing and Development confirmed the company obtained three international certificates in governance, sustainability, and anti-corruption.

Key Economic News:

Prime Minister: Wheat procurement price raised to 2,500 pounds per ardab
Prime Minister Dr. Mostafa Madbouly announced a decision to increase the wheat procurement price to 2,500 pounds per ardab, up from 2,350 pounds, stressing that the increase aims to benefit Egyptian farmers.

Minister of Finance: Wage increases for state employees starting July with a total cost exceeding 100 billion pounds
Ahmed Kojok, Minister of Finance, confirmed that wages of state employees will be increased starting July, raising the minimum income to 8,000 pounds.

Roundtable by Ministers of Petroleum, Higher Education, and Youth on empowering young talents in energy sector
During the Egypt International Energy Conference and Exhibition (EGYPS 2026), a roundtable titled “Future Leaders of Energy” was held to empower young talents in the energy sector.

Minister of Petroleum: Ambitious Shell program to accelerate gas exploration and production in Egypt
Minister Karim Badawi met with Cedric Cremers, Shell’s Global Head of Integrated Gas, to discuss enhancing cooperation in Egypt’s natural gas sector.

Ministry of Petroleum: International success of Egypt Energy Conference EGYPS 2026
The conference concluded successfully under the patronage of President Abdel Fattah El-Sisi, highlighting Egypt’s growing regional role in energy.

Ministry of Petroleum denies fuel price hike rumors
The ministry confirmed that claims of fuel price increases starting Thursday are false.

Coordination with African Petroleum Producers Organization to expand Egyptian companies’ opportunities in Africa
Meetings were held with APPO representatives to deepen cooperation and expand Egyptian petroleum companies’ projects in Africa.

Canadian company Meditera boosts investments in Sinai and Kom Ombo with new drilling technologies
Meditera announced enhanced investments and new drilling techniques to increase production.

Wadico Mining establishes solar power plant in Aswan site
Wadico signed a contract to build a solar power station in Aswan, supporting sustainability goals.

Petroleum sector and Archeus sign final investment decision for Harmattan gas field with $500 million investment
EGAS and Archeus signed the final investment decision to develop the Harmattan gas field in the Mediterranean.

Ministry of Agriculture receives Chinese delegation to enhance agricultural quarantine system
Discussions focused on improving export controls and opening new markets.

Minister of Agriculture: Targeting procurement of 5 million tons of local wheat this year
Minister Alaa Farouk emphasized support for farmers to boost wheat supply and reduce imports.

Minister of Planning: Growth rate reaches 5.3% in Q2 of FY 2025/2026 compared to 4.3% last year
Minister Ahmed Rostom highlighted improved economic activity.

Minister of Investment imposes final safeguard measures on hot-rolled steel imports
Decision No. 122 of 2026 imposes safeguard measures for three years.

Ministry of Investment and Foreign Trade imposes final safeguard measures on certain steel products
Details include tariffs ranging from 13.12% to 14.5% on various steel imports, decreasing annually.

Egypt imposes tariffs up to 14.5% on steel sheet imports to protect local industry

Egypt imposes anti-dumping duties on bus and truck tires imported from Vietnam for five years

Egypt requires approval from Ministries of Supply and Investment for sugar imports starting April

44.3 thousand tons of Egyptian cotton exports; India and China remain dominant importers

Suez Canal Economic Zone and UNIDO launch National Clean Hydrogen Program – Egypt

Industrial Development Authority announces results of 13th offering of serviced industrial lands
175 plots allocated across key sectors including food, engineering, chemicals, pharmaceuticals, textiles, and building materials.

Industrial Modernization Center holds two-day workshop on food safety management system ISO 22000:2018

Financial Regulatory Authority amends car insurance depreciation rules to balance customer rights and insurers’ interests

Partnership between National Bank of Egypt and SME Development Agency to support entrepreneurship and SMEs

Canadian company Aton Resources reports high gold and silver grades in Egypt’s Abu Marawat concession

Fitch: Egypt’s foreign currency reserves at record levels
Fitch noted Egypt’s strong reserves help absorb external pressures, expecting lower current account deficit compared to previous years.

Company Name : B Investments Holding S . A . E
ISIN Code : EGS691T1C010
Reuters Code : BINV.CA
Content :
Corporate Governance Report for the year ended on 31/12/2025

The Corporate Governance Report (4,849 KB)

Company Name : Iron And Steel for Mines and Quarries
ISIN Code : EGS102S1C014
Reuters Code : ISMQ.CA
Content :
Release from the company regarding the invitation to the ordinary general assembly scheduled to be held on 28/04/2026

Release from the Company (346 KB)

Company Name : Medinet MASR Housing
ISIN Code : EGS65571C019
Reuters Code : MASR.CA
Content :
Auditor's report on the Corporate Governance Report for the financial year ended on 31/12/2025.


Release from the Company (590 KB)

News Attachment in Arabic (195 KB)
News Attachment in English (14 KB)

Issuer Name : Capital For Securitization 2nd Iss 11th Pro Tranche D Aug 30
ISIN Code : EGB69611S3E3
Reuters Code : EGBCPSC2P11DCV
Interest Type : Floating
Coupon Interest : 20.5%
Coupon Amount : EGP 1.7410958907
Coupon Number : 3
Coupon Date : 09/04/2026
Coupon Payment Date : 12/04/2026

Issuer Name : Capital For Securitization 1st Iss 11th Pro Tranche C Mar 28
ISIN Code : EGB69611S1D9
Reuters Code : EGBCPSC1P11CCV
Interest Type : Floating
Coupon Interest : 20.6%
Coupon Amount : EGP 1.4609837538
Coupon Number : 14
Coupon Date : 09/04/2026
Coupon Payment Date : 12/04/2026

Issuer Name : Capital For Securitization 2nd Iss 11th Pro Tra C Jan 29
ISIN Code : EGB69611S3D5
Reuters Code : EGBCPSC2P11CCV
Interest Type : Floating
Coupon Interest : 20.4 %
Coupon Amount : EGP 1.7326027393
Coupon Number : 3
Coupon Date : 09/04/2026
Coupon Payment Date : 12/04/2026

Issuer Name : Capital For Securitization 1st Iss 11th Pro Tra B Feb 27
ISIN Code : EGB69611S1C1
Reuters Code : EGBCPSC1P11BCV
Interest Type : Floating
Coupon Interest : 20.5 %
Coupon Amount : EGP 1.2552282334
Coupon Number : 14
Coupon Date : 09/04/2026
Coupon Payment Date : 12/04/2026
Notes :
bond redemption 10.2380526222 EGP

Company Name : Bonyan for Development and Trade
ISIN Code : EGS656M1C010
Reuters Code : BONY.CA
Content :
The company sent a release concerning the semi-annual disclosure form about usage of the capital increase proceeds, according to Article 52 of the Listing Rules. Worth mentioning that this is under the company's responsibility.

Release from the Company (720 KB)

Issuer Name : Capital For Securitization 1st Iss 11th Pro Tra D Mar 29
ISIN Code : EGB69611S1E7
Reuters Code : EGBCPSC1P11DCV
Interest Type : Floating
Coupon Interest : 20.9 %
Coupon Amount : EGP 1.3273206555
Coupon Number : 14
Coupon Date : 09/04/2026
Coupon Payment Date : 12/04/2026

Company Name : U Consumer Finance
ISIN Code : EGS505Z1C018
Reuters Code : VALU.CA
Content :
Release form the company concerning the acquiring of the final approval to the second issue, second program of the securitized debt totaling EGP 338,900,000

Release from the Company (129 KB)

Statement from the company
Company Name : Gulf Canadian Real Estate Investment Co.
ISIN Code : EGS651B1C018
Reuters Code : CCRS.CA
Content :
Release from the company regarding the invitation to the ordinary general assembly scheduled to be held on 26/04/2026

Release from the Company (2,507 KB)

The Ministry’s Trade Remedies Sector (investigative authority) confirmed that rising imports have caused serious harm to the domestic industry.

All parties are required to submit detailed monthly data, with measures reviewed every three months in light of developments and data analysis.

Safeguard duties imposed for three years (gradually decreasing annually):

13.12% on billet imports, minimum $70/ton

13.7% on cold-rolled sheet, minimum $83/ton

14% on galvanized sheet, minimum $93/ton

14.5% on color-coated sheet, minimum $122/ton

13.6% on hot-rolled sheet, minimum $76/ton

The ministry noted that global protectionist policies have escalated, with many countries imposing tariffs and measures amid rising production capacities worldwide.

Between 2021 and 2024, Egypt saw sharp increases in steel imports: 1213% in billet, 116% in hot-rolled sheet, and 86% in cold-rolled, color-coated, and galvanized sheet. Temporary measures introduced in September 2025 had already encouraged some companies to expand production capacity in hot-rolled, cold-rolled, and billet products to meet local demand.

Following thorough investigations, technical studies, and hearings with all industry stakeholders—including integrated and semi-integrated mills as well as rolling mills—the ministry issued final safeguard measures effective April 1, 2026, for three years (including the temporary period).

Minister Mohamed Farid Saleh emphasized that the measures were based on scientific evidence showing a causal link between rising imports and serious injury to domestic producers. He confirmed that companies must provide monthly data and audited financial statements to support accurate evaluations.

He also revealed that the government is studying additional decisions to strengthen Egypt’s steel industry with higher value-added production, in line with WTO commitments, to boost exports, create jobs, and maintain healthy competition.

The ministry highlighted that safeguard measures have already stimulated investment, with companies contracting new furnaces and restarting billet smelters. International reports confirm that global steel markets face oversupply, increasing pressure on countries with lower protective tariffs.

Minister Farid concluded that Egypt is adopting a proactive trade remedies strategy to protect local industries from harmful international practices while promoting value-added manufacturing for greater developmental impact.

As part of ongoing field follow-up, Dr. Hesham Stait, Chairman of the Egyptian Authority for Unified Procurement, Supply, and Medical Technology Management, conducted an inspection tour of several ambulance pharmacies and the authority’s warehouses to ensure smooth operations and the efficiency of service delivery.

During the tour, he reviewed the mechanisms for dispensing medicines to citizens and checked the availability of drugs and medical supplies, stressing the need to adhere to approved standards to guarantee the quality of services provided.

Ambulance pharmacies are considered one of the most vital outlets of the authority, operating around the clock and spread across the country to ensure easy access to medicines and medical supplies for citizens, thereby reducing their burden.

Dr. Stait also inspected the authority’s warehouses, reviewing storage and handling systems, and emphasized the importance of applying the highest safety and quality standards in inventory management.

He highlighted the necessity of maintaining a sufficient strategic stock of medicines and medical supplies to ensure continuity of service without being affected by external changes, stressing the importance of proactive planning and prudent inventory management.

He directed the continuation of performance improvement and enhanced regular monitoring to consistently meet citizens’ needs, noting that the current stage requires collective efforts to sustain the availability of medical services.

As part of the Ministry of Petroleum and Mineral Resources’ strategy focusing on mining and environmental sustainability, the New Valley Company for Mineral Resources and Oil Shale “Wadico” signed a contract to establish a solar power plant during the Egypt International Energy Conference and Exhibition (EGYPS 2026).

This project, signed between Wadico and Asunim Egypt (a subsidiary of the global ASUNIM Solar Energy Ltd), represents a qualitative leap in Egypt’s mining sector. It is the first fully integrated off-grid solar energy project at mining sites in Egypt, reflecting the ability of Egyptian mining companies to contribute effectively to the transition toward sustainable energy.

Engineer Amgad Abdel Razek Ghoneim, Chairman of Wadico, explained that the project will save about 2.6 million liters of diesel annually by reducing traditional fuel consumption and lowering operating costs. It also helps reduce the state’s fuel import bill, in line with the ministry’s strategy.

The project will be located at the “El-Shaghb” site in Aswan, with a capacity of 3.2 megawatts, to power electric mining equipment (3 dump trucks + 2 loaders), supply 3 phosphate production lines (crushers), and operate all facilities including camps and administrative buildings. This model marks the first industrial operation in Egypt’s mining sector fully dependent on renewable energy.

The project will also reduce carbon dioxide emissions by about 7,300 tons annually, lowering the mining sector’s carbon footprint and supporting Egypt’s international environmental and climate commitments. Engineer Ghoneim added that this project is not a one-off initiative but a replicable and expandable model for other mining sites.

Mr. Bu Leiming, CEO of Huawei Digital Power, expressed pride in providing innovative technological solutions for Wadico as the project’s technical partner. He emphasized that this is the first of its kind in Egypt’s mining sector, in cooperation with the Ministry of Petroleum and Mineral Resources, contributing to reduced operating costs and greater reliance on sustainable energy.

The contract signing was attended by Geologist Yasser Ramadan, Chairman of the Mineral Resources Authority and Mining Industries; Engineer Ashraf Bahaa, Chairman of South Valley Petroleum Holding Company; Dr. Mohamed El-Bagouri, Head of the Central Legal Affairs Department at the Ministry of Petroleum and Mineral Resources; and Engineer Mahmoud Naji, Deputy Minister for Safety, Environment, Energy Efficiency, Climate, and official spokesperson of the ministry.

On the sidelines of the Egypt International Energy Conference and Exhibition (EGYPS 2026), Engineer Ehab Ragai, First Undersecretary of the Ministry of Petroleum and Mineral Resources for Production Affairs, met with Mr. Memet Kont, CEO of Canadian company Meditera, in the presence of Geologist Hilal Konsouh, the company’s regional director.

The meeting discussed Meditera’s future plans to develop its fields in the Sinai and Kom Ombo concession areas. The company confirmed its intention to strengthen investments in these regions by intensifying drilling and development activities and applying the latest technologies to increase production and maximize the utilization of petroleum resources.

The company highlighted its adoption of advanced drilling technologies, particularly coiled tubing drilling, which is considered a modern solution that improves operational efficiency, reduces costs, and plays an effective role in increasing production rates from existing wells.

Engineer Ehab Ragai praised Meditera’s distinguished technical expertise in horizontal drilling, stressing that these capabilities represent a qualitative addition to Egypt’s petroleum sector. He noted that horizontal drilling technologies provide significant opportunities to increase recovery rates and improve well productivity. He expressed appreciation for the company’s commitment to transferring and applying the latest global practices and modern technologies in this field, supporting the ministry’s plans to maximize production from existing fields and achieve new discoveries.

Dr. Islam Azzam, Chairman of the Financial Regulatory Authority (FRA), announced amendments to the rules governing depreciation rates in car insurance to ensure fair compensation.

The FRA emphasized its commitment to protecting the rights of participants in the insurance market and ensuring fairness in the application of car insurance policies. Recent issues had arisen regarding the use of fixed depreciation rates for vehicles and the deductions applied when customers did not return replaced spare parts after accidents.

Accordingly, Dr. Azzam issued Decision No. 897 of 2026, amending the rules for determining depreciation rates in car insurance. The aim is to strike a balance between customers—who should receive fair compensation—and insurance companies, which seek to avoid losses from the resale of damaged parts.

The decision requires licensed insurance companies and associations operating in the car insurance sector to apply depreciation deductions up to a maximum limit specified in the decision. Each company may set its own rates in its policies, provided they do not exceed this maximum, thereby protecting policyholders.

Dr. Azzam noted that economic changes have increased the market value of cars, used vehicles, and spare parts, leading to disputes. Customers often insisted on keeping damaged parts after accidents, offering to waive 2.5% of their value, but then reselling them for much higher amounts. This practice harmed insurers and contradicted the purpose of insurance, which is to compensate for losses, not generate profit.

Decision No. 897 of 2026, issued at the end of March, addressed this imbalance by removing the fixed 2.5% deduction. Instead, the matter is left to agreement between the insurer and the client, as stipulated in the policy. The decision allows insurers, when processing claims, to require customers to hand over damaged parts or apply the agreed deduction if delivery is not possible.

The FRA stressed the need for all licensed insurance companies and associations to comply with the decision to ensure benefits for all parties and avoid prolonged disputes.

Source: Youm7

Engineer Khaled Hashem, Minister of Industry, issued a package of new ministerial decrees (Nos. 57, 58, and 59 of 2026), published in Issue No. 73 of Al-Waqa’i Al-Masriya (the Egyptian Gazette). These decisions are part of the ministry’s plan to modernize the system of standards and improve the quality of products in the local market, thereby enhancing the competitiveness of Egyptian industry and ensuring consumer protection.

The decrees included updates to several food product standards. Decree No. 57 of 2026 requires producers and importers to apply new standards to non-heat-treated meat products such as burgers, kofta, and sausages, by adopting Standard No. 9238 instead of previous ones. It also introduced a new olive oil standard (No. 49) to replace the 2016 version, and granted a six-month grace period for canned finfish producers to comply with Standard No. 1521.

Regarding engineering and medical products, Decree No. 58 of 2026 grants a one-year grace period for compliance of household gas-powered cooking appliances, including safety requirements, energy efficiency, and oven/grill specifications. It also provides a six-month grace period for products related to industrial oxygen and single-use blood transfusion equipment, in line with approved standards.

Decree No. 59 of 2026 regulates several specialized activities, requiring adventure tourism operators to apply standards for leader competence and provide necessary information to participants. It also mandates compliance with standards for single-axis hinges in the construction sector, with a six-month grace period for all affected parties to adjust.

The Minister of Industry emphasized that these decisions are part of a comprehensive strategy to update Egyptian standards in line with international benchmarks. He stressed that compliance will improve product quality, boost export opportunities, enhance safety, and protect public health.

The decrees were published in the Egyptian Gazette and take effect the day after publication.

Source: Youm7

Interactive presentations at the Egypt International Energy Conference and Exhibition (EGYPS 2026) outlined Egypt’s Exploration and Research Strategy 2030 and how the country leverages its unique location to consolidate its position as a regional energy hub. Key measures include updating the “digital data inventory,” with 55% of Egypt’s areas and sedimentary basins now covered by magnetic surveys and 36% by gravity surveys, aimed at reducing risks for future investments.

Breakthrough in 3D Seismic Data Recording
Geologist Mostafa Aboul-Fadl from the Egyptian General Petroleum Corporation highlighted that 40% of Egypt’s total 3D seismic data has been recorded in just the past five years. High-resolution imaging technologies have led to the discovery of gas resources in exploration areas previously thought to be devoid of reserves, with a focus on “frontier areas.” While sedimentary basins cover 41% of Egypt’s land, 35% of these areas remain classified as “promising” but untapped. Intensive efforts are underway in more than 81 diverse exploration zones.

The five-year production increase plan, implemented jointly by the ministry, EGPC, EGAS, and South Valley Petroleum Holding Company, aims to accelerate activities by collecting over 104,000 km² of 2D seismic data and 10,519 km² of 3D seismic data.

The plan also involves offering bids for promising areas with mandatory use of advanced geophysical imaging techniques in mature basins to identify secondary reservoirs in the Gulf of Suez, Western and Eastern Deserts, the Red Sea, and the Nile Delta. Exploration contracts are being incentivized to align with global energy transition requirements.

Specialized Technical Team for Digital Transformation and Engineering Solutions
Engineer Safwat Ghazali from EGPC presented modern applications and technologies to boost production and double reserves. A specialized team has been established as a cornerstone of the ambitious five-year plan, acting as the innovative driver of digital transformation and engineering development. The team works intensively to secure current production levels using advanced analytics and AI tools, ensuring stability and addressing technical challenges promptly. It also promotes production growth by studying and applying unprecedented technological solutions to enhance efficiency in existing fields, develop new wells, and accelerate the transition toward “smart fields” with integrated technical solutions.

Engineer Mohamed Dwidar from EGPC presented an analysis of water injection and enhanced oil recovery projects, outlining production stages, Egypt’s current position, and its vast petroleum reserves, particularly in the Gulf of Suez and Western Desert. He highlighted efforts to improve water injection efficiency and apply various enhanced oil recovery methods.

New Investment Incentives
Taghreed Mohamed from EGPC presented new investment incentives, explaining that Egypt today represents a balanced investment destination combining geological potential with financial and regulatory responsiveness. Since September 2024, the Ministry of Petroleum has applied a package of investment incentives to increase production and attract more investments.

Issuer Name : Al Ahly Securitization 2nd Iss 3rd Pro Tranche C Jul 2029
ISIN Code : EGB69801S318
Reuters Code : EGBAHSC2P3CC
Interest Type : Floating
Coupon Interest : 29.15%
Coupon Amount : EGP 5.2547945205
Coupon Number : 5
Coupon Date : 06/04/2026
Coupon Payment Date : 07/04/2026

Source: Youm7

As part of the Ministry of Petroleum and Mineral Resources’ strategy focusing on mining and environmental sustainability, the New Valley Company for Mineral Resources and Oil Shale “Wadico,” one of the petroleum sector companies, signed a contract to establish a solar power plant during the Egypt International Energy Exhibition and Conference.

This project represents a qualitative leap in Egypt’s mining sector, as it is the first fully integrated off-grid solar energy project at mining sites in Egypt. It reflects the ability of Egyptian mining companies to contribute effectively to the transition toward sustainable energy.

Engineer Amgad Abdel Razek Ghoneim explained that the project will save about 2.6 million liters of diesel annually by reducing traditional fuel consumption and lowering operating costs. It also helps reduce the state’s fuel import bill, in line with the ministry’s strategy.

The project will be located at the “El-Shaghb” site in Aswan, with a capacity of 3.2 megawatts, to power electric mining equipment (3 dump trucks + 2 loaders), supply 3 phosphate production lines (crushers), and operate all facilities including camps and administrative buildings. This model marks the first industrial operation in Egypt’s mining sector fully dependent on renewable energy.

The project will also reduce carbon dioxide emissions by about 7,300 tons annually, lowering the mining sector’s carbon footprint and supporting Egypt’s international environmental and climate commitments.

Engineer Amgad Abdel Razek added that this project is not a one-off initiative but a replicable and expandable model for other mining sites.

The contract signing was attended by Geologist Yasser Ramadan, Chairman of the Mineral Resources Authority and Mining Industries; Engineer Ashraf Bahaa, Chairman of South Valley Petroleum Holding Company; Dr. Mohamed El-Bagouri, Head of the Central Legal Affairs Department at the Ministry of Petroleum and Mineral Resources; and Engineer Mahmoud Naji, Deputy Minister for Safety, Environment, Energy Efficiency, Climate, and official spokesperson of the ministry.

Source: Youm7

President Abdel Fattah El-Sisi issued Decree No. 161 of 2026 to restructure the Board of Directors of the State Information Service (SIS) for the remainder of the current board’s term. The members are:

Ambassador Alaa El-Din Zakaria Youssef – Chairman

Prof. Dr. Howaida Sayed Ali Mohamed Mostafa – Vice Chairman

Dr. Mohamed Fayez Farhat – Member

Nevine Mohamed Kamel Omar – Member

Mohamed Abdel Hamid Mohamed Fahmy – Member

Abdel-Moati Abu Zeid Abdel-Moati – Member

Alaa El-Din Kamal Mohamed Thabet – Member

The decree was published in the Official Gazette.

The Cabinet’s Media Center published a statement on its social media platforms clarifying the truth behind claims that the government intends to cut internet services at night to reduce electricity loads.

The center confirmed, after contacting the Ministry of Communications and Information Technology and the National Telecommunications Regulatory Authority (NTRA), that no official decisions have been issued in this regard. They explained that there is no study or plan to suspend internet services during nighttime hours to ease electricity consumption. Both entities stressed that telecommunications and internet services are running smoothly and efficiently across the country, without interruption or impact from electricity rationalization measures announced in light of current regional and international developments.

The NTRA further explained that telecommunications and internet services in Egypt are managed according to precise operational and technical plans designed to ensure continuity and maintain quality. This is achieved through continuous monitoring of performance indicators and ongoing coordination with service providers, ensuring users’ interests and uninterrupted service delivery.

The Ministry of Communications and the NTRA urged all social media users to verify the accuracy of information related to the communications sector and rely only on official sources. They also emphasized that the authority reserves the right to take legal action against the publication or promotion of false information that could cause confusion among users.

Issuer Name : Al Ahly Securitization 2nd Iss 3rd Pro Tranche B Jan 2028
ISIN Code : EGB69801S300
Reuters Code : EGBAHSC2P3BC
Interest Type : Floating
Coupon Interest : 28.85%
Coupon Amount : EGP 5.1808219178
Coupon Number : 5
Coupon Date : 06/04/2026
Coupon Payment Date : 07/04/2026

Presidential Decree No. 651 of 2025 regarding the approval of the exchanged letters for the grant project “Development of Green (Environmentally Friendly) Car Maintenance Technology for Vocational Training Centers in Egypt” valued at $10 million between the Government of the Arab Republic of Egypt and the Government of the Republic of Korea.

After reviewing Article (151) of the Constitution and following Cabinet approval, the President decreed:

Single Article
Approval is granted for the exchanged letters concerning the grant project “Development of Green Car Maintenance Technology for Vocational Training Centers in Egypt” valued at $10 million between Egypt and Korea, subject to ratification.

Issued at the Presidency on 22 Jumada al-Awwal 1447 AH (corresponding to November 13, 2025).
Abdel Fattah El-Sisi

The House of Representatives approved this decree in its session held on 16 Sha’ban 1447 AH (corresponding to February 4, 2026).

Ministerial Decision
Minister of Foreign Affairs, International Cooperation, and Egyptians Abroad Decree No. 2 of 2026:
After reviewing Presidential Decree No. 651 of 2025 dated November 13, 2025, concerning the approval of the exchanged letters for the grant project “Development of Green Car Maintenance Technology for Vocational Training Centers in Egypt” valued at $10 million between Egypt and Korea; and after the approval of the House of Representatives on February 4, 2026; and the ratification by the President on February 9, 2026;

It is decreed:
Single Article
The Presidential Decree No. 651 of 2025 dated November 13, 2025, approving the exchanged letters for the grant project “Development of Green Car Maintenance Technology for Vocational Training Centers in Egypt” valued at $10 million between Egypt and Korea shall be published in the Official Gazette.

Minister of Foreign Affairs, International Cooperation, and Egyptians Abroad
Dr. Badr Abdel Aaty

Presidential Decree No. 582 of 2025 regarding the approval of the exchanged letters between the Government of the Arab Republic of Egypt and the Government of Japan concerning the grant provided by the Japan International Cooperation Agency (JICA) for the project “Provision of a Diving Support Vessel” valued at 3.478 billion Japanese yen.

After reviewing Article (151) of the Constitution and following Cabinet approval, the President decreed:

Single Article
Approval is granted for the exchanged letters between the Government of Egypt and the Government of Japan regarding the JICA grant for the “Provision of a Diving Support Vessel” project worth 3.478 billion Japanese yen, subject to ratification.

Issued at the Presidency on 22 Rabi’ al-Akhir 1447 AH (corresponding to October 14, 2025).
Abdel Fattah El-Sisi

The House of Representatives approved this decree in its session held on 16 Sha’ban 1447 AH (corresponding to February 4, 2026).

Ministerial Decision
Minister of Foreign Affairs, International Cooperation, and Egyptians Abroad Decree No. 1 of 2026:
After reviewing Presidential Decree No. 582 of 2025 dated October 14, 2025, concerning the approval of the exchanged letters between Egypt and Japan regarding the JICA grant for the “Provision of a Diving Support Vessel” project worth 3.478 billion Japanese yen; and after the approval of the House of Representatives on February 4, 2026; and the ratification by the President on February 9, 2026;

It is decreed:
Single Article
The Presidential Decree No. 582 of 2025 dated October 14, 2025, approving the exchanged letters between Egypt and Japan regarding the JICA grant for the “Provision of a Diving Support Vessel” project worth 3.478 billion Japanese yen shall be published in the Official Gazette.

Minister of Foreign Affairs, International Cooperation, and Egyptians Abroad
Dr. Badr Abdel Aaty

Company Name : Certificates Of Odin Egyptian Equity Investment Fund-KASAB
ISIN Code : EGS696Z1C017
Reuters Code : KASABF.CA
Content :
Release regarding the net asset value of the Odin Investment Fund units in Egyptian equities as of 28/02/2026.

The Release (23 KB)

Issuer Name : Al Ahly Securitization 2nd Iss 3rd Pro Tranche A Jan 2027
ISIN Code : EGB69801S292
Reuters Code : EGBAHSC2P3AC
Interest Type : Floating
Coupon Interest : 28.75%
Coupon Amount : EGP 3.949962157
Coupon Number : 5
Coupon Date : 06/04/2026
Coupon Payment Date : 07/04/2026
Notes :
Bond redemption: EGP 14.27230964660

Dr. Manal Awad, Minister of Local Development and Environment, announced the trial operation of the Abu Kabir slaughterhouse in Sharqia Governorate, with a total cost of around 25 million EGP. The project is part of the ministry’s budget for implementing the national plan to develop and upgrade government-owned slaughterhouses across all governorates.

This came during Dr. Awad’s presentation on Thursday of a report prepared by the technical committee headed by Dr. Zaghloul Khodr, the minister’s advisor for slaughterhouses and environment, along with ministry staff, regarding the results of field inspections of newly built and upgraded government slaughterhouses nationwide.

The minister explained that the Abu Kabir slaughterhouse covers an area of about 750 square meters and includes a hall for cattle slaughter, a hall for sheep slaughter, and associated service rooms (scalding, hides, boilers, compressors, cold storage, space for a future sealing fridge, and delivery area) covering about 500 square meters. It also features a cattle slaughter section with a stainless-steel hanging line running from the box to the refrigerators and delivery area, with a slaughtering capacity of 15–20 heads per hour weighing 400–650 kg, and a sheep section with a capacity of 30 heads per hour. Additionally, it has an administrative building of about 50 square meters and a canopy at the delivery area of about 45 square meters.

She added that the slaughterhouse was fully constructed with new water supply networks (hot and cold), sewage systems, piping, fire safety systems, electrical networks and panels, as well as light-current systems (fire alarms, telephones, CCTV, audio systems), ventilation, and exhaust systems.

Dr. Awad stressed the importance of continuing to deliver upgraded slaughterhouses into service to meet citizens’ needs for safe, healthy red meat, ensuring compliance with all approved health and environmental standards, and improving infrastructure according to the latest technical and environmental specifications.

She emphasized the ministry’s commitment to safeguarding state investments in slaughterhouses across the country and coordinating with governorates to offer them to private-sector companies for management and operation, ensuring sustainability and maximizing local revenues.
Finally, Dr. Awad directed the need to complete all slaughterhouses under development by the Central Agency for Reconstruction within this month so they can enter service before Eid al-Adha, ensuring citizens across different governorates benefit from them.

Source: Al-Mal

Dr. Hashem El-Sayed, Deputy Prime Minister and CEO of the State-Owned Enterprises Unit, affirmed that one of the unit’s key responsibilities is to merge similar companies, establish regulatory frameworks for struggling firms, and gradually list successful companies on the stock exchange or financial markets.

El-Sayed explained, during an introductory seminar organized by the Wafd Party on Wednesday in Dokki, that the government is serious about fulfilling its promises regarding the unit. He emphasized that this is evident from the inclusion of representatives from private companies and the business sector within the unit’s structure, reflecting transparency and the involvement of the private sector in monitoring performance.

He added that this legal and structural participation demonstrates the government’s commitment to the law and highlights its keenness to organize the work of state-owned enterprises and maximize their benefits, thereby contributing to supporting the national economy.

Source: Al-Mal

Dr. Hashem El-Sayed, Deputy Prime Minister and CEO of the State-Owned Enterprises Unit, revealed that a new draft outlining the general policies for governing the state’s presence in economic activities will be announced within a few days.

El-Sayed explained that the draft will first be discussed in Parliament, then approved by the Presidency before being officially launched. He emphasized that the document represents an important step toward clarifying the state’s role in the economy.

He pointed out that this document comes within the framework of ongoing discussions with the Cabinet and aims to establish precise mechanisms for governance and oversight of the state’s economic activity, thereby enhancing transparency and ensuring the effective contribution of state-owned enterprises to national economic growth.

Issuer Name : Al Ahly Securitization 2nd Iss 2nd Pro Tranche H Jan 2027
ISIN Code : EGB69801S284
Reuters Code : EGBAHSC2P2HC
Interest Type : Floating
Coupon Interest : 23.5%
Coupon Amount : EGP 1.9315068493
Coupon Number : 14
Coupon Date : 06/04/2026
Coupon Payment Date : 07/04/2026

Issuer Name : Al Ahly Securitization 2nd Iss 5th Pro Tranche A Jun 2026
ISIN Code : EGB69801S417
Reuters Code : EGBAHSC2P5AC
Interest Type : Floating
Coupon Interest : 21.1%
Coupon Amount : EGP 0.7790797045
Coupon Number : 4
Coupon Date : 06/04/2026
Coupon Payment Date : 07/04/2026
Notes :
Bond redemption: EGP 21.4705882353

Issuer Name : Al Ahly Securitization 2nd Iss - 6th Pro Tranche C Sep 2027
ISIN Code : EGB69801S474
Reuters Code : EGBAHSC2P6CC
Interest Type : Floating
Coupon Interest : 21.4%
Coupon Amount : EGP 1.6767123288
Coupon Number : 3
Coupon Date : 06/04/2026
Coupon Payment Date : 07/04/2026

Issuer Name : Al Ahly Securitization 2nd Iss - 6th Pro Tranche B Dec 2026
ISIN Code : EGB69801S466
Reuters Code : EGBAHSC2P6BC
Interest Type : Floating
Coupon Interest : 21.2%
Coupon Amount : EGP 1.6602739726
Coupon Number : 3
Coupon Date : 06/04/2026
Coupon Payment Date : 07/04/2026

Issuer Name : Al Ahly Securitization 2nd Iss - 6th Pro Tranche A Jun 2026
ISIN Code : EGB69801S458
Reuters Code : EGBAHSC2P6AC
Interest Type : Floating
Coupon Interest : 21.1%
Coupon Amount : EGP 1.0170247508
Coupon Number : 3
Coupon Date : 06/04/2026
Coupon Payment Date : 07/04/2026
Notes :
Bond redemption: EGP 25.68474118730

Issuer Name : Al Ahly Securitization 1st Iss -The 6th Pro Tranche H Apr 27
ISIN Code : EGB69801S367
Reuters Code : EGBAHSC1P6HC
Interest Type : Fixed
Coupon Interest : 23%
Coupon Amount : EGP 1.8904109589
Coupon Number : 11
Coupon Date : 06/04/2026
Coupon Payment Date : 07/04/2026

Issuer Name : Al Ahly Securitization 2nd Iss 2nd Pro Tranche D Jul 2026
ISIN Code : EGB69801S276
Reuters Code : EGBAHSC2P2DC
Interest Type : Fixed
Coupon Interest : 23.25%
Coupon Amount : EGP 1.2792081066
Coupon Number : 14
Coupon Date : 06/04/2026
Coupon Payment Date : 07/04/2026
Notes :
Bond redemption: EGP 14.3030724880

Company Name : Misr Hotels
ISIN Code : EGS70081C012
Reuters Code : MHOT.CA
Content :
Company's reply to the Central Auditing Organization Report for the period ended on 31/12/2025.

Company's Reply on the Central Authority of Accountancy Report (3,551 KB)

Company Name : Mena Touristic & Real Estate Investment
ISIN Code : EGS65441C015
Reuters Code : MENA.CA
Content :
Release from the company regarding the invitation to the Ordinary General Assembly scheduled to be held on 27/04/2026.

Release from the Company (1,173 KB)

Company Name : El Ahram Co. For Printing And Packing
ISIN Code : EGS360A1C011
Reuters Code : EPPK.CA
Content :
Release regarding the disclosure form according to the Article 29 of EGX Listing Rules

The Release (263 KB)

Company Name : Mena Touristic & Real Estate Investment
ISIN Code : EGS65441C015
Reuters Code : MENA.CA
Content :
Statement regarding the post-implementation disclosure form. The disclosure was made in accordance with the provisions of Article 29 of EGX Listing Rules.

The Release (310 KB)

Company Name : International company For Medical Industries -ICMI
ISIN Code : EGS3I0S1C019
Reuters Code : ICMI.CA
Content :
Releaase regarding the post-implementation disclosure form in accordance with the provisions of Article 29 of EGX Listing Rules

The Release (61 KB)

Issuer Name : Egyptian Co For Securitization 8th Issue Tran D Jun 2027
ISIN Code : EGB692C1S242
Reuters Code : EGECSE08D=CA
Interest Type : Floating
Coupon Interest : 21.8 %
Coupon Amount : EGP 0.9465396738
Coupon Number : 70
Coupon Date : 09/04/2026
Coupon Payment Date : 14/04/2026
Notes :
Bond Redemption: 0.1093362476 EGP

Company Name : Taqa Arabia
ISIN Code : EGS490S1C014
Reuters Code : TAQA.CA
Content :
Release from the company concerning the Board of Directors & the Executive Managers.

Release from the Company (2,068 KB)