Stock Exchange Disclosures:
El Shams Housing & Development achieves net profits of EGP 162 million during 2025
The annual financial results of El Shams Housing & Development for 2025 revealed net profits of EGP 162,330,200 compared to EGP 159,780,661 in 2024.
Cooper for Commercial Investment & Real Estate Development records net losses of EGP 2 million during 2025
The annual financial results of Cooper for Commercial Investment & Real Estate Development for 2025 showed net losses of EGP 2,086,472 compared to net profits of EGP 4,013,856 in 2024.
Execution of share transfer deal under Aspire Capital Holding’s employee incentive plan
A transaction was executed on Aspire Capital Holding for Financial Investments shares, totaling 31,194,840 shares with a total value of EGP 9,140,088, within the framework of the employee incentive and reward system.
Major Economic News:
Prime Minister meets with heads of Financial Regulatory Authority and Egyptian Exchange
Dr. Mostafa Madbouly, Prime Minister, met with Dr. Islam Azzam, Chairman of the Financial Regulatory Authority, and Mr. Omar Radwan, Chairman of the Egyptian Exchange. The Prime Minister emphasized the government’s strong commitment to developing Egypt’s capital market, enhancing stability, and protecting participants in non-banking financial activities, recognizing their vital role in supporting the national economy through increased investment and broader private sector participation.
Cabinet Media Center: Intensive efforts by Consumer Protection Agency to stabilize markets
The Cabinet Media Center reviewed the intensive efforts of the Consumer Protection Agency to strengthen market oversight and stability. The state continues to ensure the availability of quality goods at fair prices, while addressing negative practices that may affect market stability, thereby protecting consumer rights and easing citizens’ living burdens.
Minister of Planning meets CEO of Future Egypt Sustainable Development Authority to discuss cooperation
Dr. Ahmed Rostom, Minister of Planning and Economic Development, met with Dr. Bahaa El-Ghannam, CEO of the Future Egypt Sustainable Development Authority. The meeting addressed priority files related to economic growth, competitiveness, and innovative mechanisms to increase private sector participation in development projects.
Minister of Planning: EGP 35 billion in public investments for North and South Sinai during FY 2025/2026 – 2026/2027
Dr. Ahmed Rostom announced that public investments allocated to North and South Sinai during the two fiscal years amount to about EGP 35 billion.
Ministry of Electricity: EGP 46 billion investments to support national grid and ensure stable supply
Dr. Mahmoud Asmat, Minister of Electricity, received a report on the progress of strengthening and modernizing the national electricity grid, particularly in Sinai. Investments in electricity projects in Sinai reached EGP 46 billion in recent years.
Minister of Communications discusses with Finnish Deputy Foreign Minister and Nokia regional head establishing a regional support center in Egypt
During the Finnish President’s visit to Egypt, Eng. Raafat Hindi, Minister of Communications, met with Mr. Mikko Lavanti, Nokia’s Head for Middle East & Africa, to discuss establishing a regional integrated support and operations center in Egypt, alongside expansion plans in the Egyptian market.
Ministry of Industry: Opening of new branch of National Institute for Quality in Assiut
A new branch of the National Institute for Quality, affiliated with the Egyptian Organization for Standards & Quality, was opened in Assiut to provide training programs combining academic study and practical application in state-of-the-art laboratories.
Minister of Electricity meets Hassan Allam–Infinity alliance on renewable energy projects
Dr. Mahmoud Asmat met Eng. Amr Allam, Chairman of Hassan Allam, to follow up on solar and wind energy projects being implemented by the Hassan Allam/Infinity alliance in Benban, Minya, and Hurghada, with a total capacity of 2,500 MW, as well as energy storage projects with a capacity of 720 MWh.
Minister of Petroleum attends Methanex Egypt general assembly
Eng. Karim Badawi, Minister of Petroleum, attended Methanex Egypt’s general assembly to approve 2025 results. He praised the company’s role in meeting local methanol needs and exporting surplus, directing a study on expanding export capacity given global demand.
Minister of Tourism meets German Travel Association (DRV) and major tour operators
Mr. Sherif Fathy, Minister of Tourism & Antiquities, met Mr. Albin Loidl, President of DRV, and Mr. Volker Adms, Head of Public Policy & Destinations, along with executives from major German tour operators, to discuss regional developments, global tourism challenges, and rising fuel costs.
Financial Regulatory Authority Chairman: Committed to developing health insurance sector
Dr. Islam Azzam affirmed the FRA’s commitment to developing medical insurance and healthcare programs, highlighting the unified insurance law No. 155 of 2024, which for the first time regulates Third Party Administrator (TPA) activities in Egypt.
National Accreditation Council extends international recognition to include carbon footprint certification
The National Accreditation Council under the Ministry of Industry successfully extended its international recognition from the European Accreditation Organization (EA) to include carbon footprint certification (ISO 14067). Updates were made on the Global ACI and EA websites.
SME Development Agency increases funding for Sinai projects and expands free entrepreneurship training
The SME Development Agency continues efforts to encourage youth, graduates, and women to enter entrepreneurship, especially in Upper Egypt and border governorates, including Sinai, by providing funding and training to establish new projects across diverse economic activities.
Central Bank issues treasury bills worth EGP 90 billion
The Central Bank of Egypt, in coordination with the Ministry of Finance, issued treasury bills worth EGP 90 billion today, divided into two offerings: EGP 50 billion for 91 days and EGP 40 billion for 273 days.
Hapag-Lloyd shipping line announces new emergency operating fees for feeder services in Middle East
Hapag-Lloyd announced new emergency operating fees (EOO/EOD) on feeder services in the Middle East due to sharp increases in operating costs from external service providers.