Tanzania Paid US$2.8 Billion for Its Biggest Dam. Egypt Built It
The Julius Nyerere hydropower plant, 2,115 megawatts built by Egyptian contractors for Sh7.452 trillion, was inaugurated on 22 August 2026.
August 22, 2026Topic
Egypt
Egyptians Abroad Sent Home a Record US$47.3 Billion in a Single Year
Egypt remittances reached a record US$47.3bn in the year to June 2026, up 29.6%, as the diaspora moved transfers back...
August 21, 2026
Egypt Sets New Rules for Short Selling on the EGX Stock Exchange
Short selling on the EGX has a new rulebook: Egypt's regulator set 150% cover, a 40% free-float ceiling and an...
August 20, 2026
Egypt’s El Gouna Film Festival Names Ten Films, Led by Berlin’s Golden Bear
El Gouna Film Festival named the first ten titles of its ninth edition, running 15-23 October on Egypt's Red Sea...
August 20, 2026
First Abu Dhabi Bank Misr Posts Strong Profit Growth in Egypt
FABMisr profit growth: First Abu Dhabi Bank Misr's Egypt unit posted EGP 15.8 billion (about US$330 million) net profit in...
August 18, 2026
Egypt’s US$8bn IMF Programme Ends 15 December
Egypt's US$8 billion IMF programme expires on 15 December 2026 after a seventh review that released about US$1.8 billion.
August 17, 2026
Türkiye Says It Expects Egypt to Join the Makkah Joint Defence Agreement
The Makkah Joint Defence Agreement binds Türkiye, Saudi Arabia and Pakistan to mutual defence. Ankara wants Cairo in; Cairo says...
August 16, 2026Egypt Growth Outlook Cut to 5 Percent as Inflation Delays Rate Cuts
Egypt growth outlook cut to about 5 percent as stubborn inflation forces the Central Bank of Egypt to delay interest...
August 15, 2026
Suez Canal Revenue Climbs 13% — Because Hormuz Is Shut
Suez Canal revenue rose 13% to US$1.26 billion in the second quarter of 2026, driven by tanker traffic rerouted by...
August 14, 2026