Market News
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Egyptian Co. Securitization 3rd Is 2nd P T C Jul2027 (EGBECSC3P2CCF) Declares Bond Dividends for Coupon No. (8)
Thursday 17/09/202614:18:14 PMRead moreEgyptian Co. Securitization 3rd Is 2nd P T C Jul2027 (EGBECSC3P2CCF) Declares Bond Dividends for Coupon No. (8)
Issuer Name : Egyptian Co. Securitization 3rd Is 2nd P T C Jul2027
ISIN Code : EGB692C1S515
Reuters Code : EGBECSC3P2CCF
Interest Type : Fixed
Coupon Interest : 21.3%
Coupon Amount : EGP 1.7506849315
Coupon Number : 8
Coupon Date : 29/09/2026
Coupon Payment Date : 30/09/2026
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Egyptian Co. For Securitization 3rd Is 2nd P T B Dec2026 (EGBECSC3P2BCF) Declares Bond Dividends for Coupon No. (8)
Thursday 17/09/202614:15:28 PMRead moreEgyptian Co. For Securitization 3rd Is 2nd P T B Dec2026 (EGBECSC3P2BCF) Declares Bond Dividends for Coupon No. (8)
Issuer Name : Egyptian Co. For Securitization 3rd Is 2nd P T B Dec2026
ISIN Code : EGB692C1S507
Reuters Code : EGBECSC3P2BCF
Interest Type : Fixed
Coupon Interest : 21.55%
Coupon Amount : EGP 1.5355062942
Coupon Number : 8
Coupon Date : 29/09/2026
Coupon Payment Date : 30/09/2026
Notes :
Bond Redemption: EGP 12.7260143322
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AL Rehab For Securitization 5th Issue 1st Pro Tranche C Jun2028 (EGREHB5P1C=CA) Declares Bond Dividends for Coupon No. (26)
Thursday 17/09/202614:12:35 PMRead moreAL Rehab For Securitization 5th Issue 1st Pro Tranche C Jun2028 (EGREHB5P1C=CA) Declares Bond Dividends for Coupon No. (26)
Issuer Name : AL Rehab For Securitization 5th Issue 1st Pro Tranche C Jun2028
ISIN Code : EGB69471S468
Reuters Code : EGREHB5P1C=CA
Interest Type : Fixed
Coupon Interest : 13.75%
Coupon Amount : EGP 0.6283561644
Coupon Number : 26
Coupon Date : 04/10/2002
Coupon Payment Date : 05/10/2026
Notes :
Bond Redemption: EGP 3.4333333333
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AL Rehab For Securitization Twelfth Iss Tranche C JUL 2029 VR (EGBREHB12CCV) Declares Bond Dividends for Coupon No. (23)
Thursday 17/09/202613:58:32 PMRead moreAL Rehab For Securitization Twelfth Iss Tranche C JUL 2029 VR (EGBREHB12CCV) Declares Bond Dividends for Coupon No. (23)
Issuer Name : AL Rehab For Securitization Twelfth Iss Tranche C JUL 2029 VR
ISIN Code : EGB69471S492
Reuters Code : EGBREHB12CCV
Interest Type : Floating
Coupon Interest : 21.3%
Coupon Amount : EGP 1.0198222382
Coupon Number : 23
Coupon Date : 29/09/2026
Coupon Payment Date : 30/09/2026
Notes :
Bond Redemption: EGP 6.0856864654
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AL Rehab For Securitization 1st Is 2nd Pro Tranche B Sep 2027 FR (EGBREHB1P2BCF) Declares Bond Dividends for Coupon No. (4)
Thursday 17/09/202613:55:27 PMRead moreAL Rehab For Securitization 1st Is 2nd Pro Tranche B Sep 2027 FR (EGBREHB1P2BCF) Declares Bond Dividends for Coupon No. (4)
Issuer Name : AL Rehab For Securitization 1st Is 2nd Pro Tranche B Sep 2027 FR
ISIN Code : EGB69471S518
Reuters Code : EGBREHB1P2BCF
Interest Type : Fixed
Coupon Interest : 24%
Coupon Amount : EGP 9.9388221095
Coupon Number : 4
Coupon Date : 30/09/2026
Coupon Payment Date : 01/10/2026
Notes :
Bond Redemption: EGP 28.6795916026
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AL Rehab For Securitization 1st Is 2nd Pro Tranche C Sep 2029 FR (EGBREHB1P2CCF) Declares Bond Dividends for Coupon No. (4)
Thursday 17/09/202613:51:23 PMRead moreAL Rehab For Securitization 1st Is 2nd Pro Tranche C Sep 2029 FR (EGBREHB1P2CCF) Declares Bond Dividends for Coupon No. (4)
Issuer Name : AL Rehab For Securitization 1st Is 2nd Pro Tranche C Sep 2029 FR
ISIN Code : EGB69471S526
Reuters Code : EGBREHB1P2CCF
Interest Type : Fixed
Coupon Interest : 24%
Coupon Amount : EGP 12.0328767123
Coupon Number : 4
Coupon Date : 30/09/2026
Coupon Payment Date : 01/10/2026
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Periodic Partial Redemption for the Listed Bonds of EFG Securitization The First Issuance - Fourth Program Tranche E June 2029 Fixed Return
Thursday 17/09/202613:49:19 PMRead morePeriodic Partial Redemption for the Listed Bonds of EFG Securitization The First Issuance - Fourth Program Tranche E June 2029 Fixed Return
According to the letter received from the MCDR on 16/09/2026 by the periodical partial redemption (installment no. 17) for the listed bonds of EFG Securitization The First Issuance - Fourth Program Tranche E June 2029 Fixed Return.
The total listed value of the bonds after the partial redemption becomes EGP 47,150,496.99 distributed over 837,135 bonds at a par value of EGP 56.32364. These modifications will be applied to EGX database effective 20/09/2026 trading session. This bond tranche has been locally rated by MERIS as (A) ،at a fixed Rate 13.40% paid monthly.
ISIN Code: EGB694K1S182
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Periodic Partial Redemption for the Listed Bonds of EFG Securitization The First Issuance - Fourth Program Tranche H January 2032 Variable Return
Thursday 17/09/202613:47:27 PMRead morePeriodic Partial Redemption for the Listed Bonds of EFG Securitization The First Issuance - Fourth Program Tranche H January 2032 Variable Return
According to the letter received from the MCDR on 16/09/2026 by the periodical partial redemption (installment no. 5) for the listed bonds of EFG Securitization The First Issuance - Fourth Program Tranche H January 2032 Variable Return.
The total listed value of the bonds after the partial redemption becomes EGP 56,521,115.99 distributed over 800,100 bonds at a par value of EGP 70.64256. These modifications will be applied to EGX database effective 20/09/2026 trading session. This bond tranche has been locally rated by MERIS as (A-) ، at a variable Rate lending rate+1.15% paid Monthly.
ISIN Code: EGB694K1S158
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Saudi Stock Market Index Closes Lower at 10,777 Points
Thursday 17/09/202613:31:43 PMRead moreSaudi Stock Market Index Closes Lower at 10,777 Points
The main Saudi stock market index closed today down by 2.02 points, settling at 10,777.94 points, with a total trading value of SAR 5.2 billion.
According to the Saudi Press Agency’s daily economic bulletin, the volume of traded shares reached 226 million; shares of 137 companies rose in value, while shares of 123 companies declined.
Shares of Saudi Pharmaceutical, Rayah, Jamjoom Pharma, Electrical Industries, and Rasan recorded the highest gains, whereas shares of Musharaka REIT, Takween, Armah, Ladan, and Al-Andalus saw the steepest declines. Rates of increase and decrease ranged between 8.78% and 6.43%. Saudi Aramco, Maharah, Alinma, Americana, and Anabib were the most active stocks by volume, while Al Rajhi, Saudi Aramco, Alinma, AlAhli, and SABIC Agri-Nutrients were the most active by value.
Meanwhile, the Saudi Parallel Market Index (Nomu) closed today up by 21.88 points, reaching 21,397.93 points, with a trading value of SAR 14 million and a trading volume exceeding 1.9 million shares. -
Periodic Partial Redemption for the Listed Bonds of EFG Securitization The First Issuance - Fourth Program Tranche D June 2029 Variable Return
Thursday 17/09/202613:29:20 PMRead morePeriodic Partial Redemption for the Listed Bonds of EFG Securitization The First Issuance - Fourth Program Tranche D June 2029 Variable Return
According to the letter received from the MCDR on 16/09/2026 by the periodical partial redemption (installment no. 19) for the listed bonds of EFG Securitization The First Issuance - Fourth Program Tranche D June 2029 Variable Return.
The total listed value of the bonds after the partial redemption becomes EGP 62,282,344.75 distributed over 2,311,400 bonds at a par value of EGP 26.94572. These modifications will be applied to EGX database effective 20/09/2026 trading session. This bond tranche has been locally rated by MERIS as (A)، at a variable Rate lending rate +0.70% paid monthly.
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International Agricultural Products (IFAP.CA) - Release Regarding a Disclosure Form
Thursday 17/09/202613:21:09 PMRead moreInternational Agricultural Products (IFAP.CA) - Release Regarding a Disclosure Form
Company Name : International Agricultural Products
ISIN Code : EGS07061C012
Reuters Code : IFAP.CA
Content :
Release regarding the disclosure form according to the Article 29 of EGX Listing Rules.
The Release (58 KB) -
Arab Sea Information Systems Company Announces the Formation of the Audit Committee for the Sixth Term
Thursday 17/09/202613:17:58 PMRead moreArab Sea Information Systems Company Announces the Formation of the Audit Committee for the Sixth Term
Tadawul-
Element List Explanation
Introduction With reference to the results of the Ordinary General Assembly Meeting of Arab Sea Information Systems Company, which included the election of the Board of Directors for the sixth term commencing on 17/09/2026 for a period of three years and ending on 16/09/2029, Arab Sea Information Systems Company announces the Board of Directors’ resolution dated 17/09/2026 regarding the formation of the Audit Committee for the sixth term and the appointment of its members, as follows:
Element List Explanation
Appointed Member Name Mr. Mohammed Fawaz Saleh Al-Hozaim
Membership Start Date 2026-09-17 Corresponding to 1448-04-06
Brief Resume of the Appointed Member Mr. Mohammed Fawaz Saleh Al-Hozaim holds a Bachelor’s degree in Accounting from King Saud University, in addition to a qualification in International Financial Reporting Standards (IFRS). He has professional experience in internal audit, financial control, financial management, and procurement and has held several leadership positions, including Executive Director of Financial Controlling at NEOM and Director of Finance and Procurement at the National Center for Performance Measurement. He currently serves as General Manager of Internal Audit at the National Program for Community Development in the Regions and also serves on a number of boards of directors and audit committees.
The date of the approval by other official authorities Not applicable
Element List Explanation
Appointed Member Name Mr. Nasser Abdullah Al-Oufi
Membership Start Date 2026-09-17 Corresponding to 1448-04-06
Brief Resume of the Appointed Member Mr. Nasser Abdullah Al-Oufi holds a Master’s degree in Accounting and a Master’s degree in Business Administration from Southern New Hampshire University, USA, as well as a Bachelor’s degree in Accounting from King Saud University. He has extensive professional experience in finance, accounting, and internal audit, in addition to extensive experience as a member and chairman of audit committees and boards of directors of various companies and entities. He currently serves as a member of the Audit Committee of Arab Sea Information Systems Company and has previously held several executive positions in finance, administration, and investment.
The date of the approval by other official authorities Not applicable
Element List Explanation
Appointed Member Name Mr. Khalid Abdulaziz Al-Hoshan
Membership Start Date 2026-09-17 Corresponding to 1448-04-06
Brief Resume of the Appointed Member Mr. Khalid Abdulaziz Al-Hoshan holds a Master of Business Administration and a Master of Applied Finance from the University of Newcastle, Australia, and a Bachelor’s degree in Law from King Saud University. He also holds a professional qualification in internal auditing (CIA). He has extensive experience in internal audit, compliance, risk management, and internal controls and has held several leadership positions in internal audit. He has also served on several audit committees and boards of directors of joint-stock companies and currently serves as a member of the Audit Committee of Arab Sea Information Systems Company.
The date of the approval by other official authorities Not applicable
Element List Explanation
Date of Board Meeting in which Appointed New Member(s) were Appointed 2026-09-17 Corresponding to 1448-04-06
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Arab Sea Information Systems Company Announces the Board of Directors’ Resolutions Regarding the Formation of the Board and its Committees for the Sixth Term
Thursday 17/09/202613:10:07 PMRead moreArab Sea Information Systems Company Announces the Board of Directors’ Resolutions Regarding the Formation of the Board and its Committees for the Sixth Term
Tadawul-
Element List Explanation
Announcement Detail With reference to the results of the Ordinary General Assembly Meeting of Arab Sea Information Systems Company held on 14/09/2026, during which the members of the Board of Directors were elected for the sixth term, commencing on 17/09/2026 for a period of three years and ending on 16/09/2029.
Arab Sea Information Systems Company announces the resolutions of the elected Board of Directors at its meeting held on 17/09/2026 regarding the formation of the Board of Directors and determination of membership classifications, the appointment of the Chairman and Vice Chairman of the Board, the formation of the Board committees, and the appointment of the Board Secretary for the sixth term, as follows:
First: Formation of the Board of Directors and Determination of Membership Classifications
1. Mr. Abdullah Mohammed Nasser Al-Hawas – Chairman of the Board – Non-Executive Director.
2. Mr. Haitham Mohammed Saleh Al-Suhaibani – Vice Chairman of the Board – Executive Director.
Second: Formation of the Nomination and Remuneration Committee
The Board of Directors resolved to form the Nomination and Remuneration Committee for the sixth term as follows:
1. Eng. Abdulaziz Mohammed Ali Al-Khalifah – Non-Executive Director.
2. Mr. Faisal Ayedh Dhaifallah Al-Nafie – Independent Director.
3. Eng. Abdulaziz Shabib Shafi Al-Mutlaq – Independent Director.
Third: Formation of the Audit Committee
The Board of Directors resolved to form the Audit Committee for the sixth term as follows:
1. Mr. Mohammed Fawaz Saleh Al-Hazim – Independent Member (Chairman of the Audit Committee)
2. Mr. Nasser Abdullah Al-Oufi – Member from outside the Board.
3. Mr. Khalid Abdulaziz Al-Hoshan – Member from outside the Board.
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Appointment of the Secretary of the Board of Directors. In addition, the representatives of Arab Sea Information Systems Company were appointed before the Capital Market Authority (CMA) and the Saudi Exchange (Tadawul) for all purposes related to the Capital Market Law, the Companies Law and their Implementing Regulations, other relevant regulations, and the Rules on the Offer of Securities and Continuing Obligations. -
Purity for Information Technology Announces to Its Shareholders the Commencement Date of Electronic Voting on the Agenda Items of the Extraordinary General Meeting (In-Person and via Modern Technology) – First Meeting
Thursday 17/09/202613:09:47 PMRead morePurity for Information Technology Announces to Its Shareholders the Commencement Date of Electronic Voting on the Agenda Items of the Extraordinary General Meeting (In-Person and via Modern Technology) – First Meeting
Tadawul-
Element List Explanation
Announcement Detail With reference to Purity for Information Technology’s announcement published on the Saudi Exchange (Tadawul) website on 27 August 2026 regarding the invitation to shareholders to attend the Extraordinary General Meeting (First Meeting) and the Second Meeting, to be held one hour later. The meeting scheduled to take place at 20:00 on Tuesday, 11/04/1448H (according to the Umm Al-Qura Calendar), corresponding to 22 September 2026, in person at the Company’s headquarters in Riyadh and remotely through modern technology using Tadawulaty services. The Company is pleased to remind its shareholders of the commencement date of electronic voting.
Shareholders registered with Tadawulaty services may vote electronically and remotely on the General Meeting’s agenda items starting from 1:00 AM on Saturday, 08/04/1448H, corresponding to 19 September 2026, until the end of the General Meeting.
Registration and voting through Tadawulaty services will be available free of charge to all shareholders through the following website: www.tadawulaty.com.sa
For any inquiries, shareholders may contact the Investor Relations Department at 0538804044 during the Company’s official working hours, from Sunday to Thursday, 9:00 AM to 4:00 PM.
Shareholders may also send questions related to the General Meeting’s agenda to the following email address:
IR@purity.sa -
Asas Makeen Real Estate Development and Investment Co. Announces Contract Sign Off with Ittihad Althabat Company for Contracting.
Thursday 17/09/202613:09:29 PMRead moreAsas Makeen Real Estate Development and Investment Co. Announces Contract Sign Off with Ittihad Althabat Company for Contracting.
Tadawul-
Element List Explanation
Introduction Asas Makeen Real Estate Development and Investment Co. announces the signing of a construction contract with Ittihad Althabat Company for Contracting to execute and complete the contracting, construction and finishing works required for a number of residential and commercial projects owned and developed by the Company in Riyadh, covering a total area of approximately 65,000 square meters, on a cost-plus-fee basis.
Date of Announcement of the Award 2026-09-17 Corresponding to 1448-04-06
Contract Subject Matter Execution and completion of contracting, construction and finishing works for a number of residential and commercial projects in Riyadh.
The Entity with Which the Contract was Signed Ittihad Althabat Company for Contracting.
Date of Signing the Contract 2026-09-17 Corresponding to 1448-04-06
Contract Value The total estimated cost of the projects covered by the Contract is SAR 315,000,000, inclusive of the Contractor’s fees and expenses and exclusive of value-added tax. The final cost will be determined based on the approved cost for each project, in accordance with the terms of the Contract.
Contract Details The contractor shall execute and complete the contracting, construction and finishing works for the projects covered by the contract on a turnkey basis, in accordance with the technical specifications, scope of work and approved budget for each project. The budget, scope of work, specifications and schedule for each project shall be determined and approved separately before its execution begins.
Contract Duration The execution period for each project is 18 months, unless a different period is approved in writing for that project. This period commences on the date the plans are approved by the Ministry of Municipalities and Housing.
Financial Impact and the Relevant Period The financial impact of the contract is expected to be reflected gradually in the Company’s financial statements during the project execution periods, in line with work progress, actual costs and monthly progress payment certificates for each project.
Related Parties None. -
Waja Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting) Through modern technological means
Thursday 17/09/202613:09:09 PMRead moreWaja Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting) Through modern technological means
Tadawul-
Element List Explanation
Introduction The Board of Directors of Waja Company is pleased to invite its valued shareholders to participate and vote in the Ordinary General Assembly meeting (first meeting). The meeting is scheduled to be held via modern technology on Thursday, 27/04/1448 AH (corresponding to 08/10/2026 AD), at 18:30.
City and Location of the General Assembly's Meeting At the company's main headquarters in Riyadh, located on King Fahd Road - Al Anoud Tower 2 - using modern technology.
Hyperlink of the Meeting Location Click Here
Date of the General Assembly's Meeting 2026-10-08 Corresponding to 1448-04-27
Time of the General Assembly’s Meeting 18:30
Methodology of Convening the General Assembly’s Meeting Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End The right to attend the General Assembly meeting belongs to shareholders registered in the company’s shareholder register at the Depository Center by the end of the trading session preceding the meeting, in accordance with applicable laws and regulations. The eligibility to register for attendance ends at the time the meeting convenes, while the right of attendees to vote on the meeting’s agenda items concludes once the vote-counting committee has finished tallying the votes.
Quorum for Convening the General Assembly's Meeting Pursuant to Article (35) of the Company’s Articles of Association, a meeting of the Ordinary General Assembly shall not be valid unless attended by shareholders representing at least half of the Company’s shares carrying voting rights. If this quorum is not met at the first meeting, a second meeting shall be held one hour after the time scheduled for the first meeting; in all cases, the second meeting shall be deemed valid regardless of the number of shares carrying voting rights represented therein.
General Assembly Meeting Agenda 1. Voting to elect three members to the newly created Board of Directors seats from among the candidates, effective from the date of the General Assembly’s approval on October 8, 2026, until the end of the current Board term on March 23, 2028 (CVs attached).
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Shareholders are entitled to discuss the topics included in the agenda of the Ordinary General Assembly and to ask questions. Voting through the Tadawulaty services is available free of charge to all shareholders using the following link: http://www.tadawulaty.com.sa
Details of the electronic voting on the Assembly’s agenda Shareholders registered with Tadawulaty services can vote electronically and remotely on the General Assembly's agenda items starting at 1:00 AM on Sunday, April 23, 1448 AH (October 4, 2026), until the end of the General Assembly meeting. Registration and voting through Tadawulaty services will be available free of charge to all shareholders using the following link: www.tadawulaty.com.sa
Method of Communication in Case of Any Enquiries We are pleased to receive your inquiries by contacting Shareholder Relations via the following means of communication:
Phone: 0112217777
Email: s.alenazi@waja.com.sa -
Announcement by SNB Capital regarding an update of the terms and conditions of AlAhli REIT Fund 1
Thursday 17/09/202613:08:49 PMRead moreAnnouncement by SNB Capital regarding an update of the terms and conditions of AlAhli REIT Fund 1
Tadawul-
Element List Explanation
Introduction SNB Capital announces an update of the terms and conditions of AlAhli REIT Fund (1) as of 5 Rabiʽ al-Thani 1448 H corresponding to 16 September 2026 G. A summary of the main updated items are as follows: Updating the Fund’s Board of Directors after the appointment of Mr. Faisal Al-Nasser as a non-independent member in the Fund’s Board of Directors
The updated terms and conditions can be found in the attached file
Effective Date of the Update to Fund's Terms and Conditions 2026-09-16 Corresponding to 1448-04-05
Summary of The Main Updated Items Updating the Fund’s Board of Directors after the appointment of Mr. Faisal Al-Nasser as a non-independent member in the Fund’s Board of Directors -
Listing Request from Capital For Securitization- The Third Issuance of the Ninth Program
Thursday 17/09/202613:08:45 PMRead moreListing Request from Capital For Securitization- The Third Issuance of the Ninth Program
In implementation of Article (20) of the rules for listing and delisting securities, the Egyptian Exchange announces receiving a request on 17/09/2026 to list the securitization bonds issued Capital for Securitization - The Third Issuance of the Ninth Program where the listing documents are being fulfilled to be presented to the Listing Committee, the details of the listing request are as follows
Nominal securitization bonds against financial rights and deferred payments that are tradable, non-callable and non-convertible bonds, with a total amount of EGP 883,000,000 represented in one issuance over two tranches, through a 100% private placement for financial institutions, entities with financial solvency, natural and legal persons
The announcement shall be published for a period of five working days from its date, in implementation of the provisions of Article (20) of the rules for listing and delisting securities issued by the Board of Directors of the Financial Regulatory Authority No. (11) on 22/01/2014 and its executive procedures and their amendments -
Middle East Pharmaceutical Industries Co. Announces the renewal of a Shariah-compliant Bank facility agreement with Banque Saudi Fransi.
Thursday 17/09/202612:49:57 PMRead moreMiddle East Pharmaceutical Industries Co. Announces the renewal of a Shariah-compliant Bank facility agreement with Banque Saudi Fransi.
Tadawul-
Element List Explanation
Introduction Middle East Pharmaceutical Industries Co announces the renewal of its Bank facilities agreement with Banque Saudi Fransi to finance the company's working capital.
Date of obtaining the funding 2026-09-17 Corresponding to 1448-04-06
Financing entity Banque Saudi Fransi
Financing amount. 104,000,000 Saudi Riyals
Financing duration. One year
Guarantees offered for the financing Promissory notes for an amount of 104,000,000 Saudi Riyals
Financing objective To finance the company's working capital.
Related Parties No
Additional Information No
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EGX Banking Sector Index Rises 2.24% at Close of Today's Trading
Thursday 17/09/202612:49:34 PMRead moreEGX Banking Sector Index Rises 2.24% at Close of Today's Trading
The banking sector index of the Egyptian Exchange (EGX) concluded Thursday's trading session with a 2.24% rise, closing at the 5,897-point level.
At the close of today's session, the banking sector recorded trading values of approximately EGP 1.883 billion, accounting for 12.53% of the exchange's total trading value.
The sector also saw the trading of approximately 18.521 million shares, representing 0.70% of the total volume of shares traded on the exchange today.
Egyptian Exchange indices rose at the close of Thursday's session; the benchmark EGX30 index climbed 1.23% to reach 55,498 points.
Additionally, the EGX70 index for small-cap companies rose 1.52% to 21,061 points, while the EGX100 index increased by 1.57% to reach 27,681 points. -
Egypt Hosts International Maritime Forum on Combating Corruption and Illicit Trafficking in the Mediterranean in Cooperation with France
Thursday 17/09/202612:49:01 PMRead moreEgypt Hosts International Maritime Forum on Combating Corruption and Illicit Trafficking in the Mediterranean in Cooperation with France
As part of the enduring strategic relations between the Arab Republic of Egypt and Mediterranean basin countries across various sectors—particularly regarding the prevention and combating of corruption and transnational organized crime—the Administrative Control Authority (ACA) of Egypt hosted the International Maritime Forum on Combating Corruption and Illicit Trafficking in the Mediterranean. Held in cooperation with the French General Directorate of Customs and Indirect Taxes from September 13 to 17, 2026, in Cairo and Alexandria, the forum’s opening session was attended by Mr. Amr Adel, Head of the ACA, and Mr. ةric Chevallier, Ambassador of France to Egypt. Participants included representatives from several Mediterranean basin nations, a select group of officials and experts from international institutions and organizations, and representatives from national law enforcement agencies.
The opening session featured a review of Egyptian and French efforts to prevent and combat corruption, as well as initiatives to modernize and enhance the efficiency of customs systems. These efforts aim to facilitate international trade, support the investment climate, and boost economic competitiveness. The session also highlighted Egypt’s state information infrastructure project and its role in interconnecting and leveraging databases to enable the early detection of patterns and indicators linked to illicit activities. This capability allows for the prediction of potential risks, thereby supporting proactive measures to combat customs-related crimes and mitigate their impact on the national economy. The forum’s activities included a series of specialized sessions and workshops addressing topics and issues related to combating transnational organized crime. Discussions covered key illicit trafficking routes in the Mediterranean, the modus operandi of criminal networks, and mechanisms to counter money laundering and the use of digital currencies amidst rapid global developments. The forum culminated in the issuance of the "Alexandria Declaration," which serves as a regional roadmap for sustaining and strengthening joint action; it incorporates innovative policies and mechanisms aligned with rapidly evolving challenges, thereby contributing to efforts to combat emerging patterns of organized crime and illicit trafficking in the Mediterranean region. -
Abolition of Estimated Tax Assessment; Shift to Book- and Record-Based Accounting Starting 2028:Tax Authority
Thursday 17/09/202612:48:34 PMRead moreAbolition of Estimated Tax Assessment; Shift to Book- and Record-Based Accounting Starting 2028:Tax Authority
Al MAl-
Rasha Abdel-Aal, Head of the Egyptian Tax Authority, announced the repeal of Article 18 of the Income Tax Law—which previously served as the legislative basis for directives regarding net profit ratios and estimated or lump-sum tax assessments—as part of recent legislative amendments.
Abdel-Aal stated that repealing this article aims to eliminate estimated tax assessments in favor of electronic and documentary audits based on digital invoices and receipts, thereby helping to reduce tax disputes arising from lump-sum estimates.
She explained that executive decisions and directives issued pursuant to Article 18 will remain in effect for tax periods up to and including 2027, while the new tax treatment—based on proper books, records, and digital systems—will apply starting from the 2028 tax period.
She added that the amendments also removed the minimum revenue threshold for mandatory bookkeeping (previously set at 500,000 EGP), meaning all taxpayers are now legally required to maintain proper books and records.
She noted that these measures coincide with the expanded implementation of electronic systems—most notably the electronic invoice and electronic receipt systems—aligning with the Ministry of Finance and Tax Authority’s strategic shift toward relying on digital data and transactions for tax audits and assessments. It called upon owners of projects and business activities with an annual turnover not exceeding EGP 20 million to take advantage of the simplified tax system and the benefits and incentives established under Law No. 6 of 2025, with the aim of facilitating their integration into the formal economy. -
CBE Governor Participates in High-Level Conference on AI Applications in Central Banking
Thursday 17/09/202612:47:54 PMRead moreCBE Governor Participates in High-Level Conference on AI Applications in Central Banking
As part of the commitment to exchanging insights and expertise with fellow African central bank governors and fostering cooperation on issues of mutual interest, Mr. Hassan Abdalla, Governor of the Central Bank of Egypt, participated on Wednesday, September 16, 2026, in a high-level conference titled "AI Applications in Central Banking." The event was organized by the Central Bank of Kenya in Nairobi to mark its 60th anniversary.
Held on the sidelines of the 48th Annual Meetings of the Association of African Central Banks (AACB)—hosted by the Central Bank of Kenya from September 13 to 18, 2026—the conference brought together central bank governors representing over 40 African nations, alongside a distinguished group of experts, specialists, and representatives from regulatory bodies, the financial sector, and international institutions. Participants explored the opportunities AI offers central banks, as well as the associated challenges and risks, and discussed ways to deploy the technology responsibly and securely.
Discussions centered on three key themes: the use of AI in monetary policy and financial stability; the enhancement of banking supervision and financial integrity; and AI governance and associated risk management. The conference discussed the potential of leveraging artificial intelligence (AI) to analyze vast and diverse datasets and support economic forecasting. Participants also reviewed AI applications within central banks—such as document analysis, knowledge management, and reporting—highlighting the resulting gains in operational efficiency and improved data utilization.
The conference concluded with a dialogue on national readiness to adopt AI and the importance of regional cooperation. Discussions also addressed future steps to promote the responsible use of these technologies within financial systems and to capitalize on existing cooperation frameworks among African central banks.
The Governor’s participation reflects a commitment to keeping pace with rapid developments in AI and harnessing its applications to enhance central bank operations, thereby supporting policy implementation efficiency and strengthening financial and monetary stability.
The Governor is continuing his participation in the annual meetings of the Association of African Central Banks. Today, Thursday, the Board of Governors' annual symposium is being held under the theme: "Monetary Integration and Financial Sovereignty in Africa: Strategic Insights into Reducing the Continent's Reliance on International Institutions." The symposium features panel discussions on central bank experiences in strengthening monetary policy frameworks to achieve macroeconomic integration, developing local financial markets and alternatives to external financing, and establishing integrated pan-African payment systems to support monetary sovereignty—along with the associated challenges. Member central banks will also share their experiences regarding the symposium's theme. The annual meetings of the Association of African Central Banks will conclude tomorrow, Friday, September 18, 2026, with the annual meeting of the Association’s Board of Governors. During this meeting, the Board will adopt various resolutions regarding the Association’s activities and its associated technical committees, groups, and specialized task forces. -
Prime Minister Reviews Key Work Files with Minister of Petroleum and Mineral Resources
Thursday 17/09/202612:47:22 PMRead morePrime Minister Reviews Key Work Files with Minister of Petroleum and Mineral Resources
Prime Minister Dr. Mostafa Madbouly met with Eng. Karim Badawi, Minister of Petroleum and Mineral Resources, to review several of the Ministry's key work files.
The meeting included a review of current priority issues, foremost among them the operational readiness of the natural gas supply system. This readiness ensured the stability of supplies to various consumption sectors—particularly power plants and industries—and had a tangible impact on meeting demand during the peak summer season.
The Minister also addressed efforts to support oil and natural gas production and boost investment in this vital sector. He emphasized that the settlement of outstanding dues owed to partners in the sector—completed in June 2026—marked a turning point in restoring investor confidence. This move created a favorable climate for new investments in exploration and field development, while supporting intensified exploration and production activities.
In this context, Eng. Karim Badawi highlighted efforts to support and increase domestic natural gas production by developing existing fields, expanding exploration activities, and accelerating the development and integration of new discoveries into the production stream. He noted plans to add approximately 250 million cubic feet of gas per day from the Zohr and West Mena fields in the Mediterranean before the end of the year, alongside an additional 80 million cubic feet per day from the Meleiha fields in the Western Desert before the end of September. Regarding efforts to boost domestic production and maximize the utilization of petroleum fields and assets, Engineer Karim Badawi addressed the development of the petroleum sector's infrastructure—a key pillar for enhancing energy security and supporting the competitiveness of the Egyptian economy. This includes upgrading refineries, improving the efficiency of crude oil and petroleum product transport networks, expanding storage and handling capacities, and maximizing production efficiency. He noted that refinery utilization rates rose from 66% to over 80% due to improved crude availability and unit efficiency; this contributed to increased gasoline and diesel production and a reduced import bill, directly helping to meet domestic market needs and support various productive activities.
The Minister also reviewed key developments in Egypt’s mining sector aimed at creating new opportunities for global investment. He emphasized Egypt's goal of broadening the investor base and attracting international exploration companies to leverage their expertise and modern technologies. Such efforts aim to enhance the sector's ability to transform promising geological potential into productive projects and to accelerate the transition from initial interest in an opportunity to the commencement of actual exploration activities.
Furthermore, the Minister of Petroleum and Mineral Resources highlighted the continued expansion of natural gas connections to households—a priority for reducing the consumption of LPG cylinders and lowering the import bill. Natural gas has been connected to 804,000 housing units, effectively replacing 14 million LPG cylinders.
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The Minister of Supply discusses with the delegation of the Islamic Bank and the International Islamic Trade Finance Corporation the expansion of financing strategic projects to enhance food security
Thursday 17/09/202612:46:50 PMRead moreThe Minister of Supply discusses with the delegation of the Islamic Bank and the International Islamic Trade Finance Corporation the expansion of financing strategic projects to enhance food security
▪️Study to finance the establishment of new grain silos and tanks to store edible oils and increase the state’s storage capabilities
▪️ Existing cooperation in financing the purchase of basic commodities.. The Ministry aims to expand the partnership to include infrastructure projects for food security
Dr. Sherif Farouk, Minister of Supply and Internal Trade, held a meeting with a delegation from the Islamic Development Bank and the International Islamic Trade Finance Corporation, to discuss ways to expand in areas of joint cooperation, and to review a number of proposed projects aimed at supporting the food security system and increasing storage capabilities for strategic goods.
The meeting discussed the possibility of providing the necessary funding to establish a number of new grain storage silos, which would contribute to increasing storage capacities and raising the efficiency of the storage and handling system, in addition to discussing financing the construction of new tanks to store edible oils, which would enhance the state’s storage capabilities and support efficient inventory management.
Dr. Sherif Farouk stressed that the expansion of establishing and developing the infrastructure of the storage system represents one of the main axes in the strategy of the Ministry of Supply and Internal Trade, because of its direct importance in enhancing food security, raising the state’s ability to secure citizens’ needs for strategic goods, and improving the efficiency of strategic stock management.
The Minister of Supply indicated that the Ministry is working to strengthen its partnerships with international institutions and financing institutions, and to benefit from the expertise and financing mechanisms available to support strategic projects related to food security, stressing that the next stage aims to expand the scope of international cooperation to include, in addition to financing the purchase and provision of basic commodities, financing infrastructure projects that enhance the state’s ability to store, manage, and secure these commodities in the long term.
The Minister explained that there is actual cooperation existing between the Ministry, the General Authority for Supply Commodities and the International Islamic Trade Finance Corporation in the field of financing the purchase of a number of basic and strategic commodities, which represents an important base on which to build to expand into new areas of cooperation, pointing out that the discussion of financing the construction of silos and oil storage tanks comes within an integrated vision aimed at increasing storage capacities and raising the efficiency of the supply system, in a way that enhances the state’s ability to deal with changes in global markets and secure the needs of the local market.
He stressed that the importance of increasing storage capacities is not limited to adding new capacities only, but rather represents a direct investment in the food security system, by improving the efficiency of commodity circulation, reducing waste, and enhancing the state’s ability to manage strategic stocks, in a way that supports market stability and sustainability of supplies.
For their part, members of the delegation of the Islamic Development Bank and the International Islamic Trade Finance Corporation affirmed their keenness to continue and enhance cooperation with the Ministry of Supply and Internal Trade, noting that the existing cooperation in the field of financing the purchase of basic commodities represents an important model of partnership between the two sides, and that the projects that were presented during the meeting, most notably grain silos and edible oil storage tanks, open new areas of cooperation in financing infrastructure related to food security.
The delegation expressed its interest in studying the appropriate financing mechanisms for the proposed projects, stressing its readiness to continue coordination with the Ministry and its affiliated agencies to complete the necessary technical and financing studies, and determine project priorities and financing mechanisms, in a way that contributes to increasing storage capabilities and raising the efficiency of the system for providing basic goods.
The meeting also discussed future aspects of cooperation and the possibility of expanding financing for a number of priority projects, in line with the state’s plans to increase storage capacities and develop a system for trading and storing strategic goods, and supports the sustainability of supplies, raises the efficiency of supply chains, and strengthens the pillars of food security.
The delegation of the Islamic Development Bank and the International Islamic Trade Finance Corporation included Mr. Nour El-Din Mabrouk, Director of the Regional Office, Mr. Khaled Habib, Director of the Corporation’s office in Cairo, Mr. Khalil Hassan, Director of Operations at the Regional Office, and Ms. Heba Gamal, the Corporation’s representative in Egypt.
The meeting was attended by the Ministry, Mr. Mustafa Ismail, Vice Chairman of the Authority, Dr. Alaa Naji, CEO and Managing Director of the Holding Company for Food Industries, Dr. Ashraf Sadiq, CEO of the Holding Company for Silos, Mr. Ahmed Kamal, Assistant Minister for Technical Affairs and Official Spokesperson, Dr. Doaa Nabil, Assistant Minister for International Relations and Agreements, and Professor Sarah Al-Azzazi, Head of the Central Administration for the Affairs of the Minister’s Office.
On the part of the General Authority for Supply Commodities, Mr. Abdullah Esmat, Head of the Central Administration for Receiving and Distribution, Ms. Hind Ahmed, Director General of Distribution, Ms. Enas Abdel Aziz, Director General of Crop Import, and Ms. Yousriya Yousry, Head of the Central Administration for Import and Local Marketing, attended. -
Nuclear and Radiological Regulatory Authority Holds Bilateral Meetings with Turkey, Russia, and the European Commission to Enhance Cooperation in Nuclear Regulation and Safety
Thursday 17/09/202612:45:55 PMRead moreNuclear and Radiological Regulatory Authority Holds Bilateral Meetings with Turkey, Russia, and the European Commission to Enhance Cooperation in Nuclear Regulation and Safety
On the sidelines of the 70th General Conference of the International Atomic Energy Agency (IAEA), the Nuclear and Radiological Regulatory Authority (NRRA) held bilateral meetings with Turkey, Russia, and the European Commission to strengthen cooperation in the fields of nuclear regulation and safety.
As part of the NRRA’s participation in the 70th IAEA General Conference—held in Vienna, Austria, from September 14 to 18, 2026—Dr. Hany Khodr, Chairman of the NRRA, held a series of bilateral meetings with representatives from regulatory bodies and international organizations. These included the Turkish Nuclear Regulatory Authority (NDK), the Russian regulatory authority (Rostekhnadzor), and the European Commission. The meetings, attended by Mr. Rami Afifi, Senior Specialist for International Communication and Cooperation at the NRRA, aimed to explore ways to enhance cooperation and exchange expertise regarding the regulatory and technical aspects of the peaceful uses of nuclear energy. Dr. Hany Khodr began his series of meetings by meeting with a delegation from the Turkish Nuclear Regulatory Authority (NDK), led by its Vice President. The discussion focused on prospects for joint cooperation and the exchange of expertise in regulatory and technical areas related to nuclear oversight—particularly given the similarities in the nuclear infrastructure of both parties. He highlighted the potential for mutual benefit through enhanced cooperation and knowledge sharing, especially during the pre-operational phase.
This was followed by a meeting with the Russian regulatory body (Rostekhnadzor) to review progress made within the framework of the established cooperation between the two sides. Dr. Khodr expressed his appreciation to the Russian side for the support provided in building the capabilities of the Nuclear and Radiological Regulatory Authority.
The meeting underscored the importance of further developing the existing partnership, deepening technical cooperation, and exchanging expertise. These efforts aim to support the Authority’s readiness for the upcoming stages of the Egyptian nuclear program and to open new avenues for collaboration in areas of mutual interest, including modern nuclear technologies.
Concluding the series of meetings, the Nuclear and Radiological Regulatory Authority met with representatives of the European Commission. The two sides reviewed ongoing cooperation and emphasized the importance of continuing support for joint programs and projects. Such efforts contribute to strengthening the Authority’s regulatory and technical capabilities, leveraging European expertise, and supporting national priorities regarding nuclear oversight and safety—particularly as the Egyptian nuclear program advances. Dr. Hany Khader expressed his appreciation for the ongoing cooperation between the Authority and the European Union, noting that recent achievements—realized within a short timeframe—reflect the importance of the strategic partnership between Egypt and the EU. He further emphasized the shared commitment to strengthening cooperation in the fields of nuclear regulation and safety.
These bilateral meetings are part of the Nuclear and Radiological Regulatory Authority’s efforts to expand its international cooperation network, foster the exchange of expertise and knowledge with regulatory bodies and international partners, and leverage global experience in regulatory and technical areas. These initiatives aim to support the development of national capabilities and enhance nuclear security and safety standards in Egypt. -
Social Development Bank Signs Agreements Worth SAR 80 Million to Finance Enterprises and Entrepreneurs
Thursday 17/09/202612:44:40 PMRead moreSocial Development Bank Signs Agreements Worth SAR 80 Million to Finance Enterprises and Entrepreneurs
SPA-
The Social Development Bank participated in the second edition of the "Money 20/20" conference, hosted in Riyadh from September 14 to 16, 2026, showcasing its latest developmental and financing services and solutions to conference attendees.
During the event, the Bank signed strategic cooperation agreements totaling SAR 80 million with Lendo and Manafa. These agreements aim to establish joint financing portfolios to support and fund small and emerging enterprises, while enabling the private sector to actively contribute to the growth of promising economic sectors.
The Bank also signed a cooperation agreement with the "Darahim" investment app company. This partnership seeks to expand the provision of savings services and reach a broader segment of citizens, thereby fostering a culture of saving and enhancing financial awareness within the community.
Eng. Sultan bin Abdulaziz Al-Humaidi, CEO of the Social Development Bank, emphasized that the Bank's participation in "Money 20/20" reflects its commitment to strengthening its presence in the financial landscape and expanding strategic partnerships within the fintech sector. He explained that these agreements embody the Bank’s commitment to innovating sustainable financing solutions that expand funding options for entrepreneurs and startups, while contributing to enhanced financial inclusion and a greater private sector contribution to the GDP—all in alignment with the goals of Saudi Vision 2030.
Through its exhibition booth at Money 20/20, the Bank continues to showcase its latest services and financing solutions for entrepreneurs. It also highlights its comprehensive development journey in supporting self-employment, fostering a culture of saving, and empowering startups, thereby reaffirming its institutional leadership and commitment to adopting cutting-edge digital and technological solutions to serve the national economy. -
GCC Meeting Discusses Enhancing Joint Financial, Economic Integration
Thursday 17/09/202612:43:45 PMRead moreGCC Meeting Discusses Enhancing Joint Financial, Economic Integration
(ONA)—
The Committee of Undersecretaries of GCC Ministries of Finance held today its 76th meeting via videoconferencing.
The meeting aimed to review a number of topics related to enhancing the march of economic and financial cooperation and integration among the Council states.
The Sultanate of Oman was represented at the meeting by Abdullah Salim Al Harthy, Undersecretary of the Ministry of Finance.
During the meeting, the outcomes of the meetings of relevant Gulf committees were discussed, including the Committee of Governors of GCC Central Banks, the Customs Union Authority, and the Committee of Heads and Directors of Tax Administrations, as well as the outcomes of the meeting of the GCC Common Market Committee.
The meeting discussed the latest developments in free trade agreement negotiations between the GCC states and other countries and international blocs, as well as updates on the agreement linking payments among GCC states, along with the studies and projects whose preparation is being followed up by the Economic and Development Affairs Authority Office within the framework of supporting economic and developmental integration among the Council states.
The meeting also touched upon developments in the program for achieving economic unity among GCC states, and following up on the implementation of decisions from the 125th meeting of the Financial and Economic Cooperation Committee, thereby contributing to supporting the pathways of joint Gulf action in financial and economic fields.
The convening of the 76th meeting of the Committee of Undersecretaries of Ministries of Finance comes within the framework of preparing for the 126th meeting of the GCC Financial and Economic Cooperation Committee, and following up on financial and economic topics and dossiers of common interest among the Council states.
The meeting was attended by a number of officials from the Ministry of Finance, the Royal Oman Police (ROP), and the Tax Authority. -
MSX Gains 53 Points
Thursday 17/09/202612:43:11 PMRead moreMSX Gains 53 Points
(ONA)—
Muscat Stock Exchange (MSX) 30 Index closed today at 7,603.23 points, up 53.1 points, or 0.70 percent, compared with the previous trading session, when it stood at 7,550.18 points.
Trading value reached RO 48,362,295, up 84.2 percent compared with the previous trading session, which recorded RO 26,259,908.
The report issued by Muscat Stock Exchange indicated that market capitalization increased by 0.415 percent compared with the previous trading day, reaching approximately RO 39.40 billion.
The value of non-Omani purchases on the exchange amounted to RO 12,192,000, representing 25.21 percent, while the value of non-Omani sales reached RO 5,051,000, or 10.44 percent. Net non-Omani investment went up by RO 7,140,000, or 14.76 percent. -
Weekly Summary of Amman Stock Exchange 13/09 – 17/09
Thursday 17/09/202612:42:00 PMRead moreWeekly Summary of Amman Stock Exchange 13/09 – 17/09
The average daily trading volume for the period 13/09 – 17/09 reached JD (11.0) million compared to JD (13.5) million for the last week, a decrease of (18.3%). The total trading volume during the week reached JD(55.0) million compared to JD (67.3) million during the last week. Trading a total of (29.0) million shares through (23912) transactions.
Financial led the trading with JD(22.71) million or (41.30%) of the total trading volume. The Services followed with a JD(16.64) million or (30.26%). Finally, the Industrial with a JD(15.64) million representing(28.44%) of the total trading volume.
The shares price index closed at (4124.7) points, compared to (4093.0) points for the last week, an increase of (0.77%). The Financial index increased by (0.84%), the Services index increased by (0.71%), and the Industrial index increased by (0.66%).
The shares of (131) companies were traded, the shares prices of (84) companies rose, and the shares prices of (27) declined.
The top five gainers during the week were, the Jordanian Co. For Developing & Financial Investment by (25.00%), Shira Real Estate Development & Investments by (22.22%), Deera Investment & Real Estate Development Co by (22.22%), Jordan Poultry Processing & Marketing by (20.00%), and Latent Energies For Investments by (17.00%).
The top five losers were, the Jordan Investment Trust by (40.79%), Ibn Alhaytham Hospital Company by (8.54%), Arab Aluminium Industry /aral by (6.79%), The Arab Pesticides & Veterinary Drugs Mfg. Co. by (6.40%), and Siniora Food Industries Plc by (4.99%). -
Daily Summary of Amman Stock Exchange
Thursday 17/09/202612:41:37 PMRead moreDaily Summary of Amman Stock Exchange
Trading value for Thursday 17/09/2026 reached JD(11.1) million. (7.4) million shares were traded through (5,561).
The shares price index closed at (4124.65) point, an increase of (0.32%)
The shares of (108) companies were traded, the shares prices of (52) companies rose, and the shares prices of (28) declined.
At the sector level, the Financial index increased by 0.67%, the Services index decreased by 0.38%, and the Industrial index increased by 0.15%.
As for sub sector indices, the Engineering and Construction, Electrical Industries, Real Estate, Pharmaceutical and Medical Industries, Banks, Insurance, Mining and Extraction Industries, Diversified Financial Services, Food and Beverages sectors increased by 1.45%, 1.40%, 1.16%, 1.07%, 0.66%, 0.53%, 0.38%, 0.28%, 0.28% respectively. While the Chemical Industries, Health Care Services, Commercial Services, Hotels and Tourism, Utilities and Energy, Educational Services, Transportation, Technology and Communication sectors decreased by 4.80%, 2.47%, 1.20%, 0.46%, 0.36%, 0.31%, 0.31%, 0.04% respectively.
The top five gainers were, the First Insurance by (6.94%), Amwaj Properties by (5.00%), Deera Investment & Real Estate Development Co by (4.76%), Specialized Investment Compounds by (4.76%), and Int'l Arabian Development And Investment Trading Co. by (4.76%).
The top five losers were, The Arab Pesticides & Veterinary Drugs Mfg. Co. by (5.15%), Premier Business And Projects Co.ltd by (4.68%), Jordanian Duty Free Shops by (4.49%), Arab Aluminium Industry /aral by (4.43%), and Al-dawliyah For Hotels & Malls by (4.17%). -
Qatar Stock Exchange Index Closes Trading Higher
Thursday 17/09/202612:41:02 PMRead moreQatar Stock Exchange Index Closes Trading Higher
(QNA)-
The Qatar Stock Exchange (QSE) index closed up by 21.25 points (0.22 percent) on Thursday, reaching 9,659.01 points.
A total of 182,854,884 shares worth QR 681,366,540 were traded in 20,570 deals in all sectors during the session.
Shares of 23 companies gained during the session, while the shares of 24 others fell during the session, while five companies kept their closing prices.
The total value of the market capitalization was QR 582,554,490,333.902 compared to QR 582,708,891,276.390 as of the previous closing session. -
Kuwait Bourse Closes Lower
Thursday 17/09/202612:40:45 PMRead moreKuwait Bourse Closes Lower
(QNA)-
Kuwait's stock market closed lower on Thursday, as the All Share Index lost 28.88 points to reach 8,913.16 points, a decrease of 0.32 percent.
As many as 488 million shares valued at KWD 146.14 million (roughly USD 448.2 million) were traded via 30,334 transactions.
The Main Market Index went up by 13.23 points to reach 9,530.9 points, up by 0.14 percent, through 285.7 million shares done via 18,376 transactions valued at KWD 56.7 million (roughly USD 174 million).
The Premier Market Index lost 39.35 points to reach 9,244.45 points, down by 0.42 percent, through 202.3 million shares done via 11,958 transactions valued at KWD 89.4 million (roughly USD 274.4 million).
Meanwhile, the Bourse Main 50 Index gained 45.48 points to reach 11,519.26 points, up by 0.40 percent, through stock volume of 218 million shares done in 12,197 deals at a value of KWD 38.8 million (roughly USD 119.1 million). -
Release from Telecom Egypt (ETEL.CA) Concerning the BoD & the Executive Managers
Thursday 17/09/202612:12:14 PMRead moreRelease from Telecom Egypt (ETEL.CA) Concerning the BoD & the Executive Managers
Company Name : Telecom Egypt
ISIN Code : EGS48031C016
Reuters Code : ETEL.CA
Content :
Release from the company concerning the Board of Directors & the Executive Managers.
Release from the Company in English (409 KB)
Release from the Company in Arabic (409 KB) -
Tamweel Securitization 2nd Iss 3rd Pro Tranche B Dec 2026 (EGBTMSC2P3BCF) Declares Bond Dividends for Coupon No. (21)
Thursday 17/09/202612:07:03 PMRead moreTamweel Securitization 2nd Iss 3rd Pro Tranche B Dec 2026 (EGBTMSC2P3BCF) Declares Bond Dividends for Coupon No. (21)
Issuer Name : Tamweel Securitization 2nd Iss 3rd Pro Tranche B Dec 2026
ISIN Code : EGB69781S312
Reuters Code : EGBTMSC2P3BCF
Interest Type : Fixed
Coupon Interest : 27.6%
Coupon Amount : EGP 0.2042015111
Coupon Number : 21
Coupon Date : 29/09/2026
Coupon Payment Date : 30/09/2026
Notes :
Bond Redemption: EGP 3.2324058920 -
Tamweel Securitization 1st Issue 1st Prog Tranche C Dec2026 (TAMSEC1P1C=CA) Declares Bond Dividends for Coupon No. (56)
Thursday 17/09/202612:04:51 PMRead moreTamweel Securitization 1st Issue 1st Prog Tranche C Dec2026 (TAMSEC1P1C=CA) Declares Bond Dividends for Coupon No. (56)
Issuer Name : Tamweel Securitization 1st Issue 1st Prog Tranche C Dec2026
ISIN Code : EGB69781S031
Reuters Code : TAMSEC1P1C=CA
Interest Type : Floating
Coupon Interest : 21.1%
Coupon Amount : EGP 0.4613885816
Coupon Number : 56
Coupon Date : 29/09/2026
Coupon Payment Date : 30/09/2026
Notes :
Bond Redemption: EGP 12.4223602484
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Tamweel Securitization 1st Iss 4th Pro Tranche H Feb 2031 (EGBTMSC1P4HCV) Declares Bond Dividends for Coupon No. (22)
Thursday 17/09/202612:02:09 PMRead moreTamweel Securitization 1st Iss 4th Pro Tranche H Feb 2031 (EGBTMSC1P4HCV) Declares Bond Dividends for Coupon No. (22)
Issuer Name : Tamweel Securitization 1st Iss 4th Pro Tranche H Feb 2031
ISIN Code : EGB69781S296
Reuters Code : EGBTMSC1P4HCV
Interest Type : Floating
Coupon Interest : 21.15%
Coupon Amount : EGP 1.7383561644
Coupon Number : 22
Coupon Date : 01/10/2026
Coupon Payment Date : 04/10/2026 -
Tamweel Securitization 1st Iss 4th Pro Tranche D Nov 2029 (EGBTMSC1P4DCV) Declares Bond Dividends for Coupon No. (22)
Thursday 17/09/202611:59:55 AMRead moreTamweel Securitization 1st Iss 4th Pro Tranche D Nov 2029 (EGBTMSC1P4DCV) Declares Bond Dividends for Coupon No. (22)
Issuer Name : Tamweel Securitization 1st Iss 4th Pro Tranche D Nov 2029
ISIN Code : EGB69781S288
Reuters Code : EGBTMSC1P4DCV
Interest Type : Floating
Coupon Interest : 20.8%
Coupon Amount : EGP 1.7095890411
Coupon Number : 22
Coupon Date : 01/10/2026
Coupon Payment Date : 04/10/2026 -
Kuwaiti Oil Price Rises USD 1.96 a Barrel
Thursday 17/09/202611:58:35 AMRead moreKuwaiti Oil Price Rises USD 1.96 a Barrel
(QNA)-
The price of Kuwaiti oil rose by USD 1.96 a barrel to USD 126.30 in Wednesday's trading, from USD 124.34 in the previous session, according to the price announced by the Kuwait Petroleum Corporation (KPC).
In global markets, Brent crude futures fell USD 2.92 to USD 105.83 a barrel, and US West Texas Intermediate (WTI) crude futures declined USD 3.40 to USD 102.43 a barrel. -
Minister of Tourism and Antiquities Holds a Series of Professional Meetings During Participation in IFTM Top Resa 2026 in France
Thursday 17/09/202611:57:57 AMRead moreMinister of Tourism and Antiquities Holds a Series of Professional Meetings During Participation in IFTM Top Resa 2026 in France
During his current visit to Paris to participate in the IFTM Top Resa 2026 exhibition, Mr. Sherif Fathy, Minister of Tourism and Antiquities, held a series of professional meetings with tour operators and airline representatives active in the French market. These meetings aimed to discuss ways to enhance cooperation and boost the flow of tourists from the French market to Egypt.
The discussions focused on mechanisms to strengthen the promotion of the diverse tourism products and experiences Egypt offers, as well as the implementation of joint promotional campaigns within the French market.
During these meetings, the Minister emphasized the importance of the French market as a key source of tourism for Egypt. He highlighted promising opportunities to increase the number of French tourists by fostering collaboration with tour operators and airlines, and by developing tourism programs tailored to the interests and expectations of French travelers.
He also outlined the Ministry’s strategy for promoting Egypt as a tourism destination and its plans to market programs that combine multiple tourism products and experiences into a single trip, thereby encouraging tourists to extend their stay in Egypt. He underscored Egypt’s unparalleled tourism diversity, as well as the authenticity and distinctiveness of the Egyptian tourism experience. The Minister discussed several new and promising tourism destinations in Egypt—foremost among them New Alamein City—highlighting the growth in tourism activity there and a 35% increase in charter flights arriving at Alamein International Airport compared to the previous year. He also outlined the tourism assets of Matrouh Governorate and Siwa Oasis, noting the potential to integrate them into comprehensive tourism itineraries.
Furthermore, he addressed the ongoing development of Egypt's road network, which facilitates tourist travel between various destinations, and emphasized the importance of Sphinx International Airport in boosting tourism due to its proximity to the Giza Pyramids and the Grand Egyptian Museum. He pointed out the possibility of linking it with Alamein International Airport by developing itineraries that combine visits to Cairo and the North Coast, or the North Coast and Siwa Oasis.
For their part, airline and tour operator representatives affirmed that Egypt has become a key tourism destination for them, noting a marked rise in demand for Egypt from the French market. They observed that French tourists who had previously visited Egypt are returning following the opening of the Grand Egyptian Museum to explore the archaeological treasures that showcase the grandeur and richness of ancient Egyptian civilization.
Airline representatives also highlighted the launch of flights to various Egyptian destinations, including Hurghada and Sharm El-Sheikh, as well as flights to Sphinx International Airport from Paris’s Charles de Gaulle Airport and other French cities such as Nice. They also noted plans to launch flights from Nantes and Lyon to Luxor in the near future. Tour operators also noted an increased demand for Nile cruises and destinations such as Marsa Alam and Sharm El-Sheikh, as well as a rise in itineraries combining multiple tourism products and experiences—a trend driven by growing demand, particularly following meetings held with the Minister during his visit to France last June.
These meetings were attended by Dr. Ahmed Youssef, CEO of the Egyptian General Authority for Tourism Promotion (ETPB); Ms. Rana Gohar, the Minister’s Advisor for Communication and External Relations and General Supervisor of the Ministry’s General Administration for International Relations and Agreements; Dr. Ahmed Nabil, Assistant to the Minister for Aviation and Follow-up; Mr. Emad Fathy, Head of the Central Administration for Tourism Offices at the ETPB; Ms. Marianne Helmy, French Market Specialist at the ETPB; and Engineer Abdel-Halim Yahya, a member of the General Administration for Exhibitions and Events at the ETPB. -
Tamweel Securitization 2nd Iss 3rd Pro Tranche C Dec 2027 (EGBTMSC2P3CCF) Declares Bond Dividends for Coupon No. (21)
Thursday 17/09/202611:57:56 AMRead moreTamweel Securitization 2nd Iss 3rd Pro Tranche C Dec 2027 (EGBTMSC2P3CCF) Declares Bond Dividends for Coupon No. (21)
Issuer Name : Tamweel Securitization 2nd Iss 3rd Pro Tranche C Dec 2027
ISIN Code : EGB69781S320
Reuters Code : EGBTMSC2P3CCF
Interest Type : Fixed
Coupon Interest : 28.4%
Coupon Amount : EGP 2.116370357
Coupon Number : 21
Coupon Date : 29/09/2026
Coupon Payment Date : 30/09/2026
Notes :
Bond Redemption: EGP 4.242681375 -
Minister of Tourism and Antiquities Meets Cypriot Tourism Minister to Discuss Boosting Joint Tourism Cooperation and Increasing Inbound Tourism
Thursday 17/09/202611:57:30 AMRead moreMinister of Tourism and Antiquities Meets Cypriot Tourism Minister to Discuss Boosting Joint Tourism Cooperation and Increasing Inbound Tourism
During his current visit to Paris to participate in the IFTM Top Resa 2026 exhibition, Mr. Sherif Fathy, Minister of Tourism and Antiquities, met with Mr. Kostas Koumis, the Cypriot Minister of Tourism. The meeting aimed to discuss ways to enhance tourism cooperation between the two nations and boost the flow of inbound tourism from Cyprus to Egypt.
The ministers emphasized the deep, distinguished relations between Egypt and Cyprus across various sectors and affirmed their commitment to further strengthening joint cooperation in the tourism field.
The meeting addressed opportunities and areas for joint tourism cooperation. Both sides agreed to form a joint task force comprising representatives from the tourism ministries of both countries to advance cooperation frameworks, develop bilateral tourism relations, and coordinate on future plans. Furthermore, it was agreed to involve the private sectors of both countries in formulating joint tourism plans and programs, as well as in marketing and promoting them across various tourism markets. -
Ministry of Housing Activates Electronic Wallets for Companies Registered on the Foreign Investment Portal Starting Today
Thursday 17/09/202611:57:06 AMRead moreMinistry of Housing Activates Electronic Wallets for Companies Registered on the Foreign Investment Portal Starting Today
Minister of Housing: Establishing a dedicated electronic wallet for each company is a significant step in improving corporate interaction mechanisms and enhancing the efficiency of the foreign investment system.
Deputy Minister of Housing: Funds are deposited into the wallet by transferring the SWIFT amount to the company's specific electronic wallet code, rather than to land plot reservation codes.
The Ministry of Housing, Utilities, and Urban Communities has announced the activation of an electronic wallet system for companies registered on the Foreign Investment Portal of the New Urban Communities Authority (NUCA), effective today, Thursday, September 17, 2026. This move follows the Authority’s Board of Directors Resolution No. 217 of 2026.
Eng. Randa El-Menshawy, Minister of Housing, Utilities, and Urban Communities, emphasized that creating a dedicated electronic wallet for each company registered on the Foreign Investment Portal marks a crucial step in refining corporate interaction mechanisms and streamlining the procedures for transferring and approving company funds, thereby boosting the efficiency of the Authority's foreign investment system.
The Minister explained that the new system assigns a unique electronic wallet code to each company, which will be used to receive all SWIFT bank transfers related to that company.
Eng. Randa El-Menshawy added that the activation of this system aims to regulate the handling of corporate financial transfers and ensure that funds are directed to their designated channels, thereby minimizing the likelihood of delays or issues during the fund approval process. For his part, Dr. Walid Abbas, Deputy Minister of Housing for Urban Communities, explained that each company registered on the foreign investment portal will be assigned an electronic wallet with a unique, independent code. He emphasized that funds must be deposited into the wallet by transferring the SWIFT amount to the company's specific electronic wallet code, rather than to the codes used for reserving land plots.
The Deputy Minister noted that the Authority will begin accepting transfers to these electronic wallets on September 17, 2026. He further stated that October 31, 2026, is the deadline for funding the wallets and validating the associated SWIFT transfers for use in the upcoming initial offering; SWIFT transfers made after this date may be used in subsequent offerings.
In the same context, Dr. Ahmed Amara, Supervisor of the Real Estate and Commercial Affairs Sector at the New Urban Communities Authority (NUCA), explained that the electronic wallet balance will be available for use in offerings starting in November 2026, in accordance with the new mechanism approved by the Authority. Dr. Amara emphasized the importance of all companies registered on the foreign investment portal adhering to the requirement of directing SWIFT transfers to their specific electronic wallet codes—rather than to land plot reservation codes—to avoid any delays or issues regarding the validation of transferred funds. The New Urban Communities Authority (NUCA) calls upon all companies registered on the foreign investment portal to review their electronic wallet codes and adhere to the new mechanism, as well as the specified timelines for funding and transfer approval. This ensures that wallet balances are ready for use in offerings starting with the November 2026 round.
Key dates for system activation:
- September 17, 2026: Commencement of accepting transfers to electronic wallets.
- October 31, 2026: Deadline for funding wallets and approving SWIFT transfers for use in the upcoming initial offering.
- November 2026 Offering: Electronic wallet balances become available for use in offerings. -
Minister of Investment and Foreign Trade Meets Singaporean Companies to Discuss Expansion and Increased Investment in Egypt
Thursday 17/09/202611:56:19 AMRead moreMinister of Investment and Foreign Trade Meets Singaporean Companies to Discuss Expansion and Increased Investment in Egypt
Dr. Mohamed Farid:
▪︎ We remain committed to facilitating the investment and foreign trade environment to attract investments that support growth and employment policies.
▪︎ Digitalization and legislative modernization are two pillars for enhancing the competitiveness of the Egyptian economy and maximizing the utilization of its capabilities.
Singapore’s Ambassador to Cairo: Singaporean companies aspire to deepen trade cooperation and inject additional investments into Egypt across various sectors.
Dr. Mohamed Farid, Minister of Investment and Foreign Trade, met with representatives of Singaporean companies operating in Egypt—in the presence of Dominic Goh, Singapore’s Ambassador to Cairo—to discuss expansion plans and increased investment, as well as to address obstacles and challenges facing them in the Egyptian market. The Minister emphasized the Ministry's commitment to maintaining direct communication with the local and international business communities and to coordinating swiftly with government entities to resolve challenges and improve the business environment.
The participating companies represented a diverse range of sectors, including food industries, logistics and shipping, fertilizers, retail, technology, and the manufacturing and assembly of gas station units.
The Singaporean Ambassador noted that existing Singaporean investments in Egypt total approximately $500 million, with several companies planning expansion and growth that could potentially double these investments across various productive sectors.
The meeting also addressed expansion opportunities in several sectors—most notably advanced technology—alongside plans by logistics companies to establish new warehouses. Indorama presented its fertilizer production project in Ain Sokhna, involving investments of approximately $525 million. The meeting also included discussions on opportunities for the local manufacturing of global brands, noting that one of the participating companies represents over 80 such brands.
Dr. Mohamed Farid outlined the Ministry’s efforts to accelerate digitalization and increase reliance on technology to enhance service efficiency and competitiveness. These measures aim to facilitate processes for investors by reducing procedural complexity and duration, thereby boosting investment levels and improving Egypt's foreign trade performance. Key initiatives include digitizing capital increase processes, investment licensing, and export rebate procedures, alongside re-engineering workflows prior to digitalization and updating corporate legislation.
The meeting also addressed the Ministry’s plans to launch the "TradeTech Sandbox"—the first regulatory sandbox for foreign trade. This initiative aims to identify and support innovative solutions and ideas, transforming them into projects that strengthen Egypt's foreign trade infrastructure and enhance the value-added of Egyptian exports.
The Minister affirmed the Ministry’s commitment to addressing the challenges raised by the participating companies and coordinating with relevant authorities to resolve them. These efforts aim to bolster Singaporean investor confidence in Egypt’s business and investment climate, ultimately encouraging further investment in the near future. -
CBE Reveals Reasons for Core Inflation Rise in August 2026
Thursday 17/09/202611:55:48 AMRead moreCBE Reveals Reasons for Core Inflation Rise in August 2026
The annual headline urban inflation rate slowed in August 2026, recording 14.5% compared to 14.9% in July 2026. This was primarily driven by a decline in the annual food inflation rate to 6.3% in August 2026, down from 8% in July 2026; meanwhile, the annual non-food inflation rate recorded 19.5% in August 2026, compared to 19.1% in July 2026.
In its monthly inflation analysis, the Central Bank revealed that the monthly headline urban inflation rate reached 0.1% in August 2026, compared to 0.4% in August 2025, as the drop in food prices partially offset the trend in non-food prices. The monthly food inflation rate recorded -1.1%, with inflation rates for fresh vegetables and fruits as well as basic food items continuing to decline for the third consecutive month. Conversely, the monthly non-food inflation rate rose to 0.7%.
The annual core inflation rate recorded 14.9% in August 2026, compared to 14.7% in July 2026, reflecting a slight increase in the prices of both food and non-food items. The annual core inflation rate also rose, reaching 0.3% in August 2026, compared to 0.1% in August 2025. The increase in the monthly core inflation rate is primarily attributed to a slight rise in non-food inflation, offset by a limited decline in basic food inflation.
The annual headline inflation rate in rural areas declined to 10.9% in August 2026, down from 11.2% in July 2021. Similarly, the annual headline inflation rate for the country as a whole—representing the combined average of urban and rural inflation—fell to 12.7% in August 2026, compared to 13% in July 2026.
The monthly food inflation rate dropped for the third consecutive month, recording -1.1% and contributing approximately -0.38 percentage points to the monthly headline inflation rate.
Prices for the fresh vegetables and fruits group recorded -5.5%, contributing approximately -0.35 percentage points to the monthly headline inflation rate; this primarily reflects an 8.2% decline in fresh vegetable prices and a 1.3% drop in fresh fruit prices, contrary to their usual seasonal patterns. Prices of basic food items fell by 0.1%, contributing approximately -0.03 percentage points to the monthly headline inflation rate. This decline—contrary to the usual seasonal pattern—was driven by a 3.2% drop in poultry prices and a 0.9% decrease in fish and seafood prices, while table egg prices rose by 4.1%.
Non-food inflation recorded a monthly rate of 0.7% in August 2026, contributing approximately 0.46 percentage points to the monthly headline inflation rate.
Inflation for the group of administered-price goods and services stood at 1%, contributing 0.22 percentage points to the monthly headline inflation rate; this was largely due to a 9.2% adjustment in electricity prices, which alone contributed 0.19 percentage points to the monthly headline inflation rate.
Inflation in the services group rose by 0.5%, contributing 0.16 percentage points to the monthly headline inflation rate, primarily reflecting increased rents and higher spending at restaurants and cafes.
Inflation for the consumer goods group rose slightly by 0.6%, contributing 0.08 percentage points to the monthly headline inflation rate; this increase was driven mainly by rising prices for household cleaning products and personal care items. Inflation for the fresh fruit and vegetables group slowed to 18.6% in August 2026, down from 31.5% in July 2026, contributing approximately 1.09 percentage points to the annual headline inflation rate.
Inflation for the basic food commodities group rose to 4.4% in August 2026, up from 4.2% in July 2026, contributing approximately 1.30 percentage points to the annual headline inflation rate; this increase is attributed to an 8.7% year-on-year rise in red meat prices and a 6.5% rise in the prices of oils and fats.
Inflation for the services group rose to 27.8% in August 2026, compared to 27.3% in July 2026, contributing 12.15 percentage points to the annual headline inflation rate.
Inflation for the group of administratively priced goods and services rose to 12.3% in August 2026, up from 11.4% in July 2026, contributing 2.72 percentage points to the annual headline inflation rate; this rise reflects an increase in electricity prices for residential use.
Inflation for the consumer goods group fell to 12.1% in August 2026, down from 12.4% in July 2026, contributing 1.8 percentage points to the annual headline inflation rate. -
Deputy Prime Minister for Economic Affairs Holds Meeting to Review Efforts and Preparations for Implementing the Program and Performance-Based Budget
Thursday 17/09/202611:55:14 AMRead moreDeputy Prime Minister for Economic Affairs Holds Meeting to Review Efforts and Preparations for Implementing the Program and Performance-Based Budget
Initial pilot implementation of the budget to begin with the 2027–2028 fiscal year
Dr. Hussein Issa: This step represents a qualitative shift in public finance management, enhancing government spending efficiency and improving the quality of services provided to citizens.
Dr. Hussein Issa, Deputy Prime Minister for Economic Affairs, held a meeting with Mr. Ahmed Kouchouk, Minister of Finance, and Dr. Ahmed Rostom, Minister of Planning and Economic Development. Attended by senior officials from both ministries, the meeting aimed to review ongoing efforts and preparations for implementing the program and performance-based budget. This initiative aligns with the state's drive to modernize the public finance management system and improve the efficiency of public resource utilization.
The meeting reviewed the executive steps and procedures required to launch the pilot implementation of the program and performance-based budget starting in the 2027–2028 fiscal year. Discussions covered the timeline for upcoming phases, necessary institutional and technical requirements, coordination efforts between the two ministries, joint working groups, and training and capacity-building programs for the government personnel responsible for implementation.
Dr. Hussein Issa emphasized that implementing the program and performance-based budget marks a qualitative leap in enhancing public spending efficiency and improving monitoring and evaluation mechanisms. By linking government funding to actual performance rates and outcomes, the system directly impacts the quality of services delivered to citizens and strengthens the ability to measure developmental impact. The Deputy Prime Minister noted that the implementation of the program and performance-based budget is part of a comprehensive transformation in government operational mechanisms. This initiative complements efforts toward digital transformation, procedural simplification, and financial management reform, thereby enhancing transparency and performance efficiency.
Dr. Hussein Issa explained that significant progress has been made on this file recently, highlighting the ongoing coordination and synergy between the Ministries of Finance and Planning and joint working groups. He also emphasized the importance of training programs to build the capacity of the government personnel responsible for implementation and to ensure the sustainability of the development process.
For his part, Mr. Ahmed Kouchouk, Minister of Finance, affirmed that implementing the program and performance-based budget aligns with the Unified Public Finance Law and the State General Planning Law. He noted the continued full coordination between the Ministries of Finance and Planning to finalize all necessary implementation procedures and requirements, thereby supporting the development of the public resource management system, enhancing spending efficiency, and improving financial monitoring mechanisms.
Meanwhile, Dr. Ahmed Rostom, Minister of Planning and Economic Development, emphasized that the program and performance-based budget is a key tool for advancing the planning and public finance management system. It links financial resources to development programs and objectives through measurable performance indicators, thereby strengthening the state's ability to monitor implementation, measure outcomes, and direct public spending toward achieving tangible results that align with national priorities and development targets. The meeting was attended by Dr. Mohamed Hassan Abdel-Magid, Advisor to the Deputy Prime Minister for Budget and Performance Programs; Mr. Ali El-Sisi, Assistant Minister of Finance for the General Budget; Mr. Walid Abdullah, Head of the General Budget Sector at the Ministry of Finance; Mr. Mohamed El-Sobky, Advisor to the Minister of Finance and Supervisor of the Ministry’s Program and Performance Budget Unit; and Dr. Gamil Helmy, Assistant Minister of Planning and Economic Development.
This step is part of the State's efforts to establish a modern, integrated system for planning, managing, and monitoring public expenditure. This system aligns with sustainable development goals and Egypt’s Vision 2030, embeds principles of efficiency, transparency, and accountability, and enhances the ability to measure the impact of government programs—thereby contributing to maximizing the developmental return on public resources and improving the quality of services provided to citizens. -
Trade volume between Egypt and the German state of Hesse rose to approximately €295 million in 2025:Egyptian Commercial Representation
Thursday 17/09/202611:54:44 AMRead moreTrade volume between Egypt and the German state of Hesse rose to approximately €295 million in 2025:Egyptian Commercial Representation
Egyptian Commercial Representation explores ways to enhance trade and investment cooperation with the German state of Hesse
▪︎ Discussions held with the Frankfurt Chamber of Commerce and Industry, the Hesse Ministry of Economy, and the KfW Group to strengthen economic partnerships
In line with the directives of Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade, to bolster economic, trade, and investment relations between Egypt and Germany—and to expand cooperation between the business communities of both nations—the Egyptian Commercial Representation office in Berlin visited the German state of Hesse on September 7 and 8, 2026. The visit, which covered the cities of Frankfurt and Wiesbaden, aimed to explore opportunities for trade, investment, and industrial cooperation with various German government bodies, financial and economic institutions, and private companies.
The visit included a meeting with the Frankfurt Chamber of Commerce and Industry (Frankfurt IHK) to discuss organizing an event for German companies aimed at showcasing the economic reforms currently underway in Egypt. The Commercial Representation Office also held a meeting with the KfW Group to explore ways to leverage private sector financing programs, particularly those supporting German and European companies looking to launch or expand manufacturing and investment activities in Egypt. A meeting with the Ministry of Economics, Energy, Transport, and Housing of the State of Hesse addressed opportunities to enhance industrial integration between Egypt and the state across several priority sectors—including automotive, renewable energy, machinery and equipment, medical and pharmaceutical industries, and chemicals. Discussions also covered the possibility of organizing a visit for a delegation of companies based in Hesse to Egypt to explore available investment and production opportunities and discuss areas of joint cooperation.
As part of efforts to facilitate Egyptian product access to foreign markets and boost the participation of Egyptian companies in specialized international trade fairs, the visit included follow-up on the participation of five Egyptian companies—specializing in automotive and metal paints as well as spare parts—in the "Automechanika 2026" exhibition in Frankfurt.
The visit also involved meetings with leading German companies to discuss opportunities for manufacturing some of their products in Egypt and to strengthen supply chain integration.
"Automechanika 2026" is a premier international trade fair for the automotive sector, featuring approximately 4,000 exhibitors from over 80 countries and attracting around 100,000 industry professionals.
Dr. Abdel Aziz El-Sherif, First Undersecretary and Head of the Commercial Representation, emphasized that Hesse is Germany's fifth-largest state, contributing approximately 8.5% to the country's GDP, and boasts an advanced industrial base in the pharmaceutical, chemical, automotive, and electronics sectors. He explained that the volume of trade between Egypt and the state of Hesse rose to approximately €295 million in 2025, up from €280.2 million in 2024—an increase of 5.1%. -
Release from Bonyan for Development and Trade (BONY.CA) Regarding the AGM Invitation
Thursday 17/09/202611:54:31 AMRead moreRelease from Bonyan for Development and Trade (BONY.CA) Regarding the AGM Invitation
Company Name : Bonyan for Development and Trade
ISIN Code : EGS656M1C010
Reuters Code : BONY.CA
Content :
Release from the company regarding the AGM to be held on 12/10/2026.
Release from the Company (45 KB)
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High-Level Uzbek Delegation Inspects "Future of Egypt" Projects in the New Delta and Commends Integrated Production System
Thursday 17/09/202611:54:09 AMRead moreHigh-Level Uzbek Delegation Inspects "Future of Egypt" Projects in the New Delta and Commends Integrated Production System
A high-level Uzbek delegation visited several projects belonging to the "Future of Egypt" Authority for Sustainable Development in the New Delta. The delegation was led by Mr. Ilkhom Narkulov, First Deputy Minister of Economy and Finance of the Republic of Uzbekistan, and included Mr. Mansurbek Kilichev, Uzbekistan’s Ambassador to Cairo; Mr. Narmat Tursunov, Governor of the Navoi Region; as well as various government officials, leaders, and representatives from Uzbekistan’s economic, investment, and business sectors. The visit aimed to examine the Authority’s experience in executing major development projects and to explore opportunities for cooperation.
The tour covered agricultural and livestock production projects and the "Naba'" water lifting station. The delegation inspected the infrastructure, production systems, and modern technologies utilized in these projects, praising the operational workflows and production stages. Discussions also addressed potential cooperation in agriculture, livestock production, and related industries, aiming to facilitate the exchange of expertise and strengthen economic and investment ties between Egypt and Uzbekistan. -
Ministry of Tourism and Antiquities Signs MoU with Vivo to Provide Free Digital Training Courses for Tourism and Antiquities Sector Personnel
Thursday 17/09/202611:53:45 AMRead moreMinistry of Tourism and Antiquities Signs MoU with Vivo to Provide Free Digital Training Courses for Tourism and Antiquities Sector Personnel
As part of the Ministry of Tourism and Antiquities' commitment to developing the capabilities and skills of personnel in the tourism and antiquities sectors—and enhancing their efficiency to keep pace with labor market demands and rapid technological advancements—the Ministry has signed a Memorandum of Understanding (MoU) with Vivo Mobile Communication Technology. The partnership focuses on digital training cooperation, specifically the creation and provision of free, pre-recorded training courses via the Tourism and Antiquities Training Platform (EgTAP).
This MoU aligns with the Ministry’s strategic shift toward expanding the use of digital solutions for training and capacity building. It aims to provide specialized, flexible training content that professionals and interested individuals can access anytime, anywhere, thereby meeting their training needs and supporting their professional skill development.
The training content encompasses a variety of fields, including English language proficiency, professional photography, visual content production, and image editing. It also covers artificial intelligence, introducing the latest applications and tools, and exploring how to leverage them to improve work methods and boost efficiency.
Mr. Sherif Fathy, Minister of Tourism and Antiquities, emphasized that this collaboration marks a new step in the Ministry's efforts to upgrade training systems and build human capacity within the tourism and antiquities sectors. By leveraging modern technology and partnering with the private sector, the Ministry aims to provide diverse training content that keeps pace with the rapidly changing labor market. He noted that investing in human capital is a cornerstone for developing the tourism and archaeology work ecosystem and enhancing the quality of services provided. He emphasized the Ministry's commitment to expanding continuous learning opportunities and offering training more flexibly via digital platforms, thereby ensuring that training programs reach the largest possible number of beneficiaries.
For his part, Mr. Wilson Wang, Chief Marketing Officer at vivo, expressed his pleasure in collaborating with the Ministry of Tourism and Antiquities. He highlighted the company's commitment to leveraging its technological expertise to foster the digital and professional skills of the tourism and archaeology workforce, providing them with the knowledge and tools needed to keep pace with technological advancements and utilize them effectively in the workplace.
The Memorandum of Understanding was signed by Dr. Mohamed Shaaban, Assistant to the Minister of Tourism and Antiquities and General Supervisor of the Tourism and Antiquities Training Platform (EgTAP), representing the Ministry; and Mr. Wilson Wang, Chief Marketing Officer at vivo Mobile Communication Technology, representing the company.
The signing ceremony was attended by Dr. Soha Bahgat, Advisor to the Minister of Tourism and Antiquities for Training; Ms. Raghda Amer, Head of Public Relations and Communications at vivo; and Mr. Islam Adam, the company’s Brand Manager. The training courses are scheduled to be rolled out successively starting October 1st of this year via the Tourism and Antiquities Training Platform (EgTAP), allowing beneficiaries to access and utilize the training content with ease and flexibility.