Five Years of Profits: Egypt Sells 45% of Banque du Caire at a Lower Valuation Than an Offer It Rejected in 2008
Egypt sold 45% of Banque du Caire for roughly five years of the stake’s profits.
4 November, 2026
Egypt sold 45% of Banque du Caire for roughly five years of the stake’s profits.
Egyptian patients wait months for surgery as shortages of hospital beds and funding persist.
Libya’s maritime deal with Turkey tests Egypt’s influence and interests in the eastern Mediterranean.
Debt interest absorbs roughly two-thirds of Egypt’s revenues as its post-IMF economic plan faces the test of implementation.
A thirty-month military academy programme for PhD holders aged 40 to 50 sparks debate over eligibility for Egypt’s presidency after
Three phases of a national anti-corruption strategy, an unchanged score across two editions of the Corruption Perceptions Index, and 36
More than 500 signatures and artists’ withdrawals push Art D’Egypte to exclude Bernar Venet, raising questions about participant selection and
Raising the government minimum to EGP 8,000 does not settle whether the wage is adequate, while the private sector remains
Egypt’s Civil Democratic Movement announced the abolition of its Board of Trustees and the appointment of Akram Ismail as General
Egypt’s Foreign Minister declares that negotiations with Ethiopia over the GERD have “reached a dead end” and affirms the right
The government is betting on the “real estate export” policy as one of the tools capable of boosting foreign currency
A businessman proposed swapping state assets, including the Suez Canal, for part of the domestic debt of EGP 11 trillion;
94% of agricultural workers in Egypt work without contracts or insurance, and women workers earn EGP 200 for a day
In 2026 Egypt faces three simultaneous pressures: a structural water deficit of 54 billion cubic metres annually; the Renaissance Dam
For the first time since 2014, the calls go beyond amending some articles of the constitution to demanding its complete
When the National Telecommunications Regulatory Authority made available the “Arqami” service for inquiring about the lines registered to a national
A 12% increase in household electricity prices on 1 August 2026 is the fifth since 2021, and came one day
Owners in the Latin Quarter in New Alamein paid millions of pounds for units that were not handed over on
A government decision to expropriate 320 homes, four mosques and a church in Tousoun, Alexandria, to build a ring road,
Egypt quietly issued asylum law executive regulations a year behind schedule, transferring refugee management from the UNHCR to the Interior
2,800 fishing licenses at Lake Nasser have been suspended after 234 fishermen refused to hand Egypt’s Future Authority 40% of
Egypt’s social housing crossed one million Egyptian pounds for the first time, up sevenfold from the 135,000 pounds starting price
Taxes at 27% against social protection at only 12%: the 2027 budget raises the burdens on citizens while debt service
Debt service swallows 72% of Egypt’s revenues, and the government responds by offering 60 state-owned companies in chemicals, metals and
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