The overnight deposit rate, overnight lending rate, and the rate of the main operation remain at 19.0 percent, 20.0 percent, and 19.5 percent, respectively. The discount rate was also maintained at 19.5 percent. This decision reflects the Committee’s assessment of prevailing inflation dynamics and the evolving outlook since the previous MPC meeting.

egyptian-gazette

Prime Minister Moustafa Madbouli chaired a follow-up meeting on Thursday to review plans for expanding seawater desalination projects and localising related industries.

During the meeting, the premier emphasised that water security is a national priority, noting that desalination is essential to meet population growth and development needs.

Madbouli stressed the government’s commitment to selecting the best international offers, ensuring high-quality and sustainable technology transfer, and providing incentives for investors. He directed that clear timelines be set for ongoing projects and that obstacles be removed.

Housing Minister Randa El-Menshawy presented the strategic plan for desalination (2020–2050), which is divided into six five-year phases. Egypt currently operates 129 plants with a total capacity of 1.41 million cubic meters per day, with 19 more under construction. Future projects include 11 public-private partnership (PPP) plants in coastal governorates and 14 additional PPP projects with a combined capacity of 2.36 million cubic meters per day.

El-Menshawy also highlighted efforts to localise desalination membrane production and promote domestic manufacturing of electromechanical equipment. Coordination is underway with national and international companies to establish new factories in Egypt, targeting both local and export markets.

On energy efficiency, the minister reported a 40 per cent reduction in electricity consumption at the ministry and its affiliated bodies, achieved through measures such as reduced lighting and slowing fuel-intensive projects. Consumption dropped from 13.5 million kWh per month to 8.1 million kWh, cutting costs from LE31.59 million to LE18.954 million.

As part of strengthening ties between developmental and financial institutions of the state and activating avenues of joint cooperation to provide greater support to the sector of medium, small, and micro enterprises, thereby contributing seriously to enhancing the competitiveness of the Egyptian economy, Mohamed El-Etreby, CEO of the National Bank of Egypt, signed a Memorandum of Understanding with Basel Rahmy, CEO of the Micro, Small, and Medium Enterprises Development Agency. The signing was attended by Soha El-Turki, Deputy CEO of the National Bank of Egypt; Nader Saad, Executive Head of SMEs at the National Bank of Egypt; Mohamed Medhat, Deputy CEO of the Agency; Dr. Raafat Abbas, Supervisor of Development Sectors at the Agency; Samah Gouida, Head of the Agency’s Media Sector; along with a number of leaders from both the bank and the agency.

Following the signing, Mohamed El-Etreby emphasized that this protocol extends the national role played by the National Bank in supporting the Egyptian economy, noting that the bank places the SME sector at the top of its priorities as one of the fundamental pillars for achieving comprehensive development. He added that the partnership with the Agency represents an effective model of integration between financial and developmental institutions, contributing to a supportive environment for the growth of these enterprises, increasing their contribution to GDP, and creating sustainable job opportunities.

Basel Rahmy, CEO of the Agency, stressed the importance of cooperation with one of Egypt’s largest banks (the National Bank of Egypt) to enhance support provided to enterprises of all types, especially in Upper Egypt and border governorates, whether in terms of financing, technical support, or marketing. He noted that expertise will be exchanged between the Agency and the Bank regarding mechanisms to support the SME sector, entrepreneurship, and financial inclusion.

Rahmy added that the new cooperation will focus on productive and industrial sectors, as well as handicrafts and heritage industries, given their ability to access global markets and provide labor-intensive job opportunities. This comes in line with the national strategy for handicrafts launched by Prime Minister Dr. Mostafa Madbouly, Chairman of the Agency’s Board of Directors, during the “Turathna” (Our Heritage) exhibition last year.

For her part, Soha El-Turki confirmed that the signing of the MoU aligns with the Bank’s strategy to support the SME sector as one of the main drivers of economic growth and job creation. She emphasized the Bank’s commitment to strengthening its role in supporting entrepreneurs and project owners by offering integrated financing solutions and innovative banking services suitable for all market sectors, enabling these enterprises to expand and grow, thereby supporting sustainable economic development and enhancing Egypt’s competitiveness.

Mohamed Medhat, Deputy CEO of the Agency, explained that the MoU represents a strong boost to expanding access to financing and integrated services for the Agency’s clients. He noted that the Agency works to create a supportive environment for entrepreneurship, contributing to increased productivity and opening new markets for enterprises. He added that this step is part of the state’s efforts to promote economic growth and create sustainable job opportunities.

Nader Saad, Executive Head of SMEs at the National Bank of Egypt, pointed out that this partnership is an important step toward providing a comprehensive system to support project owners, combining the Bank’s financial and banking expertise with the developmental and technical services offered by the Agency. This integration will enable SMEs to grow, expand, and add value to the national economy.

The cooperation also includes supporting initiatives related to enhancing exports, franchising, women’s economic empowerment, handicrafts, and financing value chains in the food industries and other productive sectors. Additionally, the partnership will explore launching joint promotional campaigns to spread the culture of entrepreneurship and raise awareness of the services offered by both parties to support project owners, as well as studying the installation of the Bank’s ATMs inside some Agency branches.

Under the directives of His Excellency the President of the Republic, Dr. Badr Abdel Aaty, Minister of Foreign Affairs, International Cooperation, and Egyptians Abroad, met with His Excellency President Vladimir Putin of the Russian Federation on Thursday, April 2, during his official visit to Moscow, to discuss ways to strengthen bilateral relations and developments in regional issues of mutual concern.

Minister Abdel Aaty conveyed the greetings of President Abdel Fattah El-Sisi to the Russian President and delivered a written message from the Egyptian President to President Putin, addressing ways to develop bilateral relations, enhance the strategic partnership between the two countries, and continue coordination on regional and international issues of common interest. The Minister expressed Egypt’s high appreciation for its strategic partnership with Russia, reflected in the ongoing reciprocal visits between the leaderships and officials of both countries.

For his part, President Vladimir Putin asked that his greetings and deep appreciation be conveyed to President El-Sisi, praising the depth of Egyptian-Russian relations and fruitful cooperation in various fields, and commending the constructive role played by President El-Sisi in supporting security and stability in the Middle East.

Ambassador Tamim Khalaf, the official spokesperson for the Ministry of Foreign Affairs, stated that Minister Abdel Aaty discussed various aspects of bilateral relations, stressing the importance the Egyptian government attaches to the Dabaa Nuclear Power Plant project, and Egypt’s commitment to its implementation timeline as a national project. He also addressed the Russian Industrial Zone project in the Suez Canal Economic Zone, describing it as another milestone in bilateral cooperation, and expressed anticipation for the start of joint working group meetings between the General Authority of the Suez Canal Economic Zone and the Russian Ministry of Industry and Trade to agree on financing channels and implementation mechanisms.

The Minister also praised the existing cooperation between the two countries in importing wheat, grains, and oils from Russia, affirming Egypt’s interest in continuing this close trade cooperation, and expressing the aspiration for the Russian side to consider participating in launching the Grain Logistics Center project.

The spokesperson added that the meeting addressed several regional issues, foremost among them the escalation of military tensions in the Middle East. Minister Abdel Aaty reviewed Egypt’s intensive diplomatic efforts to de-escalate, stressing that calm and diplomatic solutions are the optimal path to avoid widening the conflict. He highlighted the outcomes of the recent quadrilateral ministerial meeting held in Islamabad, Pakistan, affirming Egypt’s determination to continue exerting maximum efforts to support regional security and stability.

The meeting also discussed the repercussions of military escalation, particularly its impact on freedom of navigation, supply chains, food security—including the flow of grains and agricultural inputs—and energy security amid volatile oil and energy prices.

Regarding developments in the Palestinian issue, Minister Abdel Aaty reviewed Egypt’s tireless efforts to restore calm and stability in Gaza, emphasizing the importance of deploying an international stabilization force and enabling the Gaza Administration Committee to carry out its duties from within the Strip, paving the way for the Palestinian Authority to resume its responsibilities. He pointed to Egypt’s efforts in training Palestinian police forces. The Minister condemned blatant Israeli violations in the West Bank, including settlement expansion, land confiscation, and the Knesset’s adoption of the law authorizing the execution of Palestinian prisoners.

The meeting also addressed developments in Libya, where Minister Abdel Aaty reaffirmed Egypt’s steadfast position supporting Libya’s unity and stability, and the need to unify its national institutions. He stressed the importance of reaching a comprehensive political settlement through a Libyan-led process that meets the aspirations of the Libyan people and supports holding presidential and parliamentary elections simultaneously as soon as possible.

On another front, the meeting touched on the Ukraine crisis, where the Foreign Minister reiterated Egypt’s firm position calling for resolving conflicts through peaceful means and dialogue, contributing to strengthening regional security and stability.

The Egyptian Stock Exchange revealed the most prominent data and disclosures of some companies during today’s session, April 2, 2026. The most important were as follows:

Arab Dairy Products Company – Panda records consolidated net losses of 183 million pounds during 2025
The consolidated annual results of Arab Dairy Products Company – Panda for 2025 showed net losses of 183,171,393 pounds compared to net profits of 97,085,359 pounds in 2024.

Heliopolis Housing and Development obtains three international certificates in governance, sustainability, and anti-corruption
A statement from Heliopolis Housing and Development confirmed the company obtained three international certificates in governance, sustainability, and anti-corruption.

Key Economic News:

Prime Minister: Wheat procurement price raised to 2,500 pounds per ardab
Prime Minister Dr. Mostafa Madbouly announced a decision to increase the wheat procurement price to 2,500 pounds per ardab, up from 2,350 pounds, stressing that the increase aims to benefit Egyptian farmers.

Minister of Finance: Wage increases for state employees starting July with a total cost exceeding 100 billion pounds
Ahmed Kojok, Minister of Finance, confirmed that wages of state employees will be increased starting July, raising the minimum income to 8,000 pounds.

Roundtable by Ministers of Petroleum, Higher Education, and Youth on empowering young talents in energy sector
During the Egypt International Energy Conference and Exhibition (EGYPS 2026), a roundtable titled “Future Leaders of Energy” was held to empower young talents in the energy sector.

Minister of Petroleum: Ambitious Shell program to accelerate gas exploration and production in Egypt
Minister Karim Badawi met with Cedric Cremers, Shell’s Global Head of Integrated Gas, to discuss enhancing cooperation in Egypt’s natural gas sector.

Ministry of Petroleum: International success of Egypt Energy Conference EGYPS 2026
The conference concluded successfully under the patronage of President Abdel Fattah El-Sisi, highlighting Egypt’s growing regional role in energy.

Ministry of Petroleum denies fuel price hike rumors
The ministry confirmed that claims of fuel price increases starting Thursday are false.

Coordination with African Petroleum Producers Organization to expand Egyptian companies’ opportunities in Africa
Meetings were held with APPO representatives to deepen cooperation and expand Egyptian petroleum companies’ projects in Africa.

Canadian company Meditera boosts investments in Sinai and Kom Ombo with new drilling technologies
Meditera announced enhanced investments and new drilling techniques to increase production.

Wadico Mining establishes solar power plant in Aswan site
Wadico signed a contract to build a solar power station in Aswan, supporting sustainability goals.

Petroleum sector and Archeus sign final investment decision for Harmattan gas field with $500 million investment
EGAS and Archeus signed the final investment decision to develop the Harmattan gas field in the Mediterranean.

Ministry of Agriculture receives Chinese delegation to enhance agricultural quarantine system
Discussions focused on improving export controls and opening new markets.

Minister of Agriculture: Targeting procurement of 5 million tons of local wheat this year
Minister Alaa Farouk emphasized support for farmers to boost wheat supply and reduce imports.

Minister of Planning: Growth rate reaches 5.3% in Q2 of FY 2025/2026 compared to 4.3% last year
Minister Ahmed Rostom highlighted improved economic activity.

Minister of Investment imposes final safeguard measures on hot-rolled steel imports
Decision No. 122 of 2026 imposes safeguard measures for three years.

Ministry of Investment and Foreign Trade imposes final safeguard measures on certain steel products
Details include tariffs ranging from 13.12% to 14.5% on various steel imports, decreasing annually.

Egypt imposes tariffs up to 14.5% on steel sheet imports to protect local industry

Egypt imposes anti-dumping duties on bus and truck tires imported from Vietnam for five years

Egypt requires approval from Ministries of Supply and Investment for sugar imports starting April

44.3 thousand tons of Egyptian cotton exports; India and China remain dominant importers

Suez Canal Economic Zone and UNIDO launch National Clean Hydrogen Program – Egypt

Industrial Development Authority announces results of 13th offering of serviced industrial lands
175 plots allocated across key sectors including food, engineering, chemicals, pharmaceuticals, textiles, and building materials.

Industrial Modernization Center holds two-day workshop on food safety management system ISO 22000:2018

Financial Regulatory Authority amends car insurance depreciation rules to balance customer rights and insurers’ interests

Partnership between National Bank of Egypt and SME Development Agency to support entrepreneurship and SMEs

Canadian company Aton Resources reports high gold and silver grades in Egypt’s Abu Marawat concession

Fitch: Egypt’s foreign currency reserves at record levels
Fitch noted Egypt’s strong reserves help absorb external pressures, expecting lower current account deficit compared to previous years.

Company Name : B Investments Holding S . A . E
ISIN Code : EGS691T1C010
Reuters Code : BINV.CA
Content :
Corporate Governance Report for the year ended on 31/12/2025

The Corporate Governance Report (4,849 KB)

Company Name : Iron And Steel for Mines and Quarries
ISIN Code : EGS102S1C014
Reuters Code : ISMQ.CA
Content :
Release from the company regarding the invitation to the ordinary general assembly scheduled to be held on 28/04/2026

Release from the Company (346 KB)

Company Name : Medinet MASR Housing
ISIN Code : EGS65571C019
Reuters Code : MASR.CA
Content :
Auditor's report on the Corporate Governance Report for the financial year ended on 31/12/2025.


Release from the Company (590 KB)

News Attachment in Arabic (195 KB)
News Attachment in English (14 KB)

Issuer Name : Capital For Securitization 2nd Iss 11th Pro Tranche D Aug 30
ISIN Code : EGB69611S3E3
Reuters Code : EGBCPSC2P11DCV
Interest Type : Floating
Coupon Interest : 20.5%
Coupon Amount : EGP 1.7410958907
Coupon Number : 3
Coupon Date : 09/04/2026
Coupon Payment Date : 12/04/2026

Issuer Name : Capital For Securitization 1st Iss 11th Pro Tranche C Mar 28
ISIN Code : EGB69611S1D9
Reuters Code : EGBCPSC1P11CCV
Interest Type : Floating
Coupon Interest : 20.6%
Coupon Amount : EGP 1.4609837538
Coupon Number : 14
Coupon Date : 09/04/2026
Coupon Payment Date : 12/04/2026

Issuer Name : Capital For Securitization 2nd Iss 11th Pro Tra C Jan 29
ISIN Code : EGB69611S3D5
Reuters Code : EGBCPSC2P11CCV
Interest Type : Floating
Coupon Interest : 20.4 %
Coupon Amount : EGP 1.7326027393
Coupon Number : 3
Coupon Date : 09/04/2026
Coupon Payment Date : 12/04/2026

Issuer Name : Capital For Securitization 1st Iss 11th Pro Tra B Feb 27
ISIN Code : EGB69611S1C1
Reuters Code : EGBCPSC1P11BCV
Interest Type : Floating
Coupon Interest : 20.5 %
Coupon Amount : EGP 1.2552282334
Coupon Number : 14
Coupon Date : 09/04/2026
Coupon Payment Date : 12/04/2026
Notes :
bond redemption 10.2380526222 EGP

Company Name : Bonyan for Development and Trade
ISIN Code : EGS656M1C010
Reuters Code : BONY.CA
Content :
The company sent a release concerning the semi-annual disclosure form about usage of the capital increase proceeds, according to Article 52 of the Listing Rules. Worth mentioning that this is under the company's responsibility.

Release from the Company (720 KB)

Issuer Name : Capital For Securitization 1st Iss 11th Pro Tra D Mar 29
ISIN Code : EGB69611S1E7
Reuters Code : EGBCPSC1P11DCV
Interest Type : Floating
Coupon Interest : 20.9 %
Coupon Amount : EGP 1.3273206555
Coupon Number : 14
Coupon Date : 09/04/2026
Coupon Payment Date : 12/04/2026