
Prime Minister Mostafa Madbouly has issued a decree appointing Omar Mohamed Sadiq Radwan as Chairman of the Egyptian Exchange EGX for a one-year term. Radwan succeeds Dr. Islam Azzam, who is now the head of the Financial Regulatory Authority. Radwan brings extensive experience from Egypt's financial and investment sector, having most recently served as CEO of Wealth Management at Beltone Financial in 2025. He was also Head of Growth Sector at Beltone Financial, where he was involved in strategic expansion and digital transformation. From 2022 to 2024, he was Group Chief Risk Officer at CI Capital Holding, focusing on risk management and operational efficiency. Between 2018 and 2024, Radwan held senior positions at Bank Misr's investment subsidiaries, contributing to asset management and investment fund distribution. His career also includes experience at EFG Hermes, HC Securities & Investment, Arab Finance Brokerage, and Arab Bank. Academically, Radwan holds CFA and FRM certifications, postgraduate studies in digital transformation from ESLSCA Business School, fintech training from Oxford University's Saïd Business School, and a bachelor's degree in Economics with a minor in Computer Science from the American University in Cairo.
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This summary was AI-generated from a story originally published by Egypt Today.
Must ReadEgypt's mobile wallet transactions reached approximately LE 4 trillion by the end of 2025, according to data from the Central Bank of Egypt. The number of mobile wallets in the country significantly increased to 60 million by the close of 2025, a substantial rise from 15.2 million in 2019. This growth reflects a consistent upward trend over several years, with wallet numbers increasing from 19.8 million in 2020, to 25.2 million in 2021, 30.4 million in 2022, 39.4 million in 2023, and 50.4 million in 2024, before reaching 60 million in 2025. The Central Bank of Egypt's data highlights the ongoing expansion in the adoption and use of mobile payment services across Egypt.

Egypt is working to update its regulatory frameworks for diving and marine activities to align with international best practices. This initiative aims to enhance tourist safety, protect the marine environment, and improve the skills of ministry staff. Minister of Tourism and Antiquities Sherif Fathy emphasized the importance of balancing marine tourism development with high safety and quality standards, while preserving marine ecosystems. The updated regulations will also support sustainable tourism and maintain Egypt's position as a leading marine tourism destination. Discussions included developing the Hyperbaric Medical Center in Sharm El-Sheikh and upgrading training systems for diving and marine activities. Egypt's Red Sea coast, particularly Sharm El Sheikh, is renowned for its coral reefs and diverse marine life, attracting divers globally.

The Egyptian Ministry of Health and Population continues its "Our Children’s Eyes... Our Future" presidential initiative, launched in January 2025 under the "100 Million Health" umbrella. This program has screened over 3.7 million primary school students aged 6 to 12 across various governorates to detect vision problems like weak eyesight and lazy eye. Hossam Abdel Ghaffar, the official spokesperson for the Ministry of Health, noted that the initiative involves school-based screenings by medical teams, with referred cases receiving advanced treatment at Health Insurance clinics. To date, 24,500 medical eyeglasses have been distributed, over 1,300 surgical procedures performed, and more than 30,000 cases provided with pharmaceutical treatment. The initiative is a joint effort by the Ministries of Health, Education, Social Solidarity, and Local Development, aiming to raise awareness among parents and teachers about early eye care to prevent learning difficulties and social withdrawal.

Egypt's Ministry of Investment and Foreign Trade announced a three-month nationwide campaign to promote investment zones, following their success in attracting approximately LE 66.3 billion in investments across 12 zones. These zones have created over 77,500 direct and indirect jobs and boast an occupancy rate of nearly 90 percent. The campaign aims to highlight the zones' contributions to employment, production capacity, export growth, and their geographic distribution. Minister of Investment and Foreign Trade, Mohamed Farid Saleh, stated that the investment zone model, which operates alongside free and technological zones, has proven effective in attracting investment, with the high occupancy rate reflecting strong investor confidence. He added that these zones operate on public-private partnerships, facilitating faster project execution and streamlined services through a one-stop-shop system. The government plans to expand this model to meet increasing demand and enhance the investment climate in line with Egypt Vision 2030.