My Financial News from Egypt

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Egypt , Sunday 30 August 2026

News Egypt: Egypt assures Damietta Port operating at ‘full capacity’ following drone attack

Published on: Thursday 30 July 2026
Egypt assures Damietta Port operating at ‘full capacity’ following drone attack
News source: https://www.egyptindependent.com/egypt-assures-damietta-port-operating-at-full-capacity-following-drone-attack/

The Ministry of Transport announced that Damietta Port is operating at its full operational capacity, following a drone strike that caused a fire at the port. All operational activities at the port ...

News Egypt: Egypt says fire on ships at Damietta port caused by drone

Published on: Wednesday 29 July 2026
Egypt says fire on ships at Damietta port caused by drone
News source: https://www.aljazeera.com/news/2026/7/29/fire-erupts-on-ships-at-egypts-damietta-port

Two ships used for the processing and storage of gas – including one owned and operated by the United States – have caught fire in the Egyptian port of Damietta after a drone strike, Egypt has ...

News Egypt: Egypt, reliant on imports, buys more Russian wheat

Published on: Monday 04 September 2023
Egypt, reliant on imports, buys more Russian wheat
News source: https://www.aljazeera.com/news/2023/9/5/egypt-reliant-on-imports-buys-more-russian-wheat

Egypt has bought a new shipment of Russian wheat, relying on imports to fill its domestic needs and trying to navigate the changes brought about by the war in Ukraine. The North African nation’s ...

News Egypt: 3anuta Processes EGP 40 Billion in Platform GMV as It Expands Across Egypt

Published on: Wednesday 19 August 2026
3anuta Processes EGP 40 Billion in Platform GMV as It Expands Across Egypt
News source: https://markets.businessinsider.com/news/currencies/3anuta-processes-egp-40-billion-in-platform-gmv-as-it-expands-across-egypt-1036478592

Cairo, Egypt, August 20th, 2026, FinanceWire3anuta, an FRA-licensed digital microfinance platform, processed EGP 5.3 billion ...

News Egypt: yomo Secures Initial Banking Licence, Ready to Lead Egypt's Digital Banking Evolution

Published on: Wednesday 19 August 2026
yomo Secures Initial Banking Licence, Ready to Lead Egypt's Digital Banking Evolution
News source: https://finance.yahoo.com/economy/policy/articles/yomo-secures-initial-banking-licence-092000833.html

Commercial International Bank – Egypt (CIB) announces that the Bank received today preliminary approval from the Central Bank of Egypt to establish yomo digital bank, in line with Egypt's digital banks' framework introduced in 2023. This marks an important milestone in the evolution of Egypt's banking sector – one in which a new generation of digitally native banks enables banking to become simpler, more intuitive and more accessible for millions of people, whether they are managing everyday fin

News Egypt: Egypt B2C Ecommerce Databook Report 2025: A $14.53 Billion Market by 2029 - Amazon and Noon Anchor Marketplaces, While B.TECH, Carrefour Egypt, and Jumia Leverage Omnichannel ...

Published on: Wednesday 28 January 2026
Egypt B2C Ecommerce Databook Report 2025: A $14.53 Billion Market by 2029 - Amazon and Noon Anchor Marketplaces, While B.TECH, Carrefour Egypt, and Jumia Leverage Omnichannel ...
News source: https://finance.yahoo.com/news/egypt-b2c-ecommerce-databook-report-100200704.html

Market opportunities in Egypt's ecommerce sector include expanding digital payment adoption, driven by mobile wallets and BNPL options; government digital initiatives to enhance SME participation; rising social and influencer commerce, reshaping product discovery; and evolving logistics services setting new delivery expectations. Egyptian B2C Ecommerce Market Egyptian B2C Ecommerce Market Dublin, Jan. 29, 2026 (GLOBE NEWSWIRE) -- The "Egypt B2C Ecommerce Market Size & Forecast by Value and Volum

News Egypt: Egypt E-commerce Databook 2024: A $14.9 Billion Market by 2028 - 100+ KPIs on Ecommerce Verticals, Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer ...

Published on: Friday 24 May 2024
Egypt E-commerce Databook 2024: A $14.9 Billion Market by 2028 - 100+ KPIs on Ecommerce Verticals, Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer ...
News source: https://finance.yahoo.com/news/egypt-e-commerce-databook-2024-131300225.html

Dublin, May 24, 2024 (GLOBE NEWSWIRE) -- The "Egypt Ecommerce Market Opportunities Databook - 100+ KPIs on Ecommerce Verticals (Shopping, Travel, Food Service, Media & Entertainment, Technology), Market Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics - Q1 2024 Update" report has been added to ResearchAndMarkets.com's offering.The E-commerce sector in Egypt is experiencing a notable expansion, with projections indicating a robust growth trajectory in the co

News Egypt: Egypt’s pound leads decade-long currency slide among Africa’s largest economies

Published on: Thursday 06 August 2026
Egypt’s pound leads decade-long currency slide among Africa’s largest economies
News source: https://businessday.ng/pro/article/egypts-pound-leads-decade-long-currency-slide-among-africa-largest-economies/

The biggest turning point came in November 2016 when Cairo floated the pound under a $12 billion IMF programme, ending years of an...

News Egypt: Egypt Defers LNG Import Cargoes on Weaker Demand

Published on: Wednesday 08 October 2025
Egypt Defers LNG Import Cargoes on Weaker Demand
News source: https://oilprice.com/Latest-Energy-News/World-News/Egypt-Defers-LNG-Import-Cargoes-on-Weaker-Demand.html

Egyptian Natural Gas Holding Company (EGAS), the state-owned gas firm, has asked its LNG suppliers to delay the delivery of at least 20 cargoes that it had to receive by the end of the year, anonymous ...

News Egypt: Egypt pauses rate cuts for fifth straight meeting as inflation rises

Published on: Thursday 20 August 2026
Egypt pauses rate cuts for fifth straight meeting as inflation rises
News source: https://businessday.ng/africa/article/egypt-pauses-rate-cuts-for-fifth-straight-meeting-as-inflation-rises/

Egypt’s central bank has kept its key interest rate at 19 percent for a fifth consecutive meeting, extending its pause...

News Egypt: Qatar, Egypt open new horizons of trade, investment cooperation, say Egyptian ministers

Published on: Wednesday 19 August 2026
Qatar, Egypt open new horizons of trade, investment cooperation, say Egyptian ministers
News source: https://www.gulf-times.com/article/731503/qatar/qatar-egypt-open-new-horizons-of-trade-investment-cooperation-say-egyptian-ministers

Egyptian Minister of Investment and Foreign Trade Dr Mohamed Farid Saleh and Minister of Finance Ahmed Kouchouk said relations between their country and the ...

News Egypt: Egypt Ministers of Investment, Finance to QNA: Qatar, Egypt Open New Horizons of Cooperation

Published on: Thursday 20 August 2026
Egypt Ministers of Investment, Finance to QNA: Qatar, Egypt Open New Horizons of Cooperation
News source: https://www.gulf-times.com/article/731484/region/egypt-ministers-of-investment-finance-to-qna-qatar-egypt-open-new-horizons-of-cooperation

Their Excellencies Egyptian Minister of Investment and Foreign Trade Dr. Mohamed Farid Saleh and Egyptian Minister of Finance Ahmed Kouchouk said relations be ...

News Egypt: Egyptian Tax Authority announces no increases in departure fee

Published on: Monday 08 June 2026
Egyptian Tax Authority announces no increases in departure fee
News source: https://www.egyptindependent.com/egyptian-tax-authority-announces-no-increases-in-departure-fee/

The Head of the Pre-Monitoring Unit at the Egyptian Tax Authority, Mohamed Sorour, announced that recent discussions regarding the "departure fee" will not involve imposing any new taxes on citizens or travelers.

News Egypt: Egypt’s e-commerce platform Wasla nabs $9 million from retail finance provider Contact

Published on: Monday 14 February 2022
Egypt’s e-commerce platform Wasla nabs $9 million from retail finance provider Contact
News source: https://techcrunch.com/2022/02/15/egypts-e-commerce-platform-wasla-nabs-9-million-from-retail-finance-provider-contact/

Contact Financial Holding, Egypt’s non-bank consumer finance provider, has invested $9 million in the country’s e-commerce super-app Wasla, setting the stage for the rollout of new online shopping ...

News Egypt: Ethiopia accuses Egypt of obstructing Red Sea access bid: What to know

Published on: Thursday 21 May 2026
Ethiopia accuses Egypt of obstructing Red Sea access bid: What to know
News source: https://www.al-monitor.com/originals/2026/05/ethiopia-accuses-egypt-obstructing-red-sea-access-bid-what-know

Ethiopia on Thursday accused Egypt of seeking to undermine its efforts to secure access to the Red Sea, days after Cairo signed a maritime cooperation agreement with Eritrea. What happened: Speaking ...

News Egypt: PM directs additional financial allocations to upgrade Giza’s sanitation system

Published on: Tuesday 16 June 2026
PM directs additional financial allocations to upgrade Giza’s sanitation system
News source: https://www.egyptindependent.com/pm-directs-additional-financial-allocations-to-upgrade-gizas-sanitation-system/

Prime Minister Mostafa Madbouly directed swift allocation of additional funding to upgrade and improve Giza Governorate's sanitation and waste management system as well as intensifying efforts to enhance services provided to citizens.

News Egypt: Egyptian financial super app Khazna raises $38M from Quona Capital and Lendable

Published on: Wednesday 30 March 2022
Egyptian financial super app Khazna raises $38M from Quona Capital and Lendable
News source: https://techcrunch.com/2022/03/31/egyptian-financial-super-app-khazna-raises-38m-from-quona-capital-and-lendable/

In a country where 50% of its 100 million people are active smartphone users, two out of every three individuals have little or no access to formal financial services in Egypt. The company, founded by ...

News Egypt: Egypt Looks South

Published on: Monday 19 October 2020
Egypt Looks South
News source: https://gfmag.com/features/egypt-looks-south/

While the global economy slows, Egyptian banks aim to expand their foothold in Africa and boost intraregional trade. In April, Commercial Bank of Egypt (CIB) became the first Egyptian bank to ...