Banks in Egypt post EGP 601.6bn in net profits in 2025: CBE
The Central Bank of Egypt (CBE) said banks operating in the Egyptian market recorded net profits of EGP 601.612bn in December 2025, up from EGP 433.772bn in September. According to…
Egypt, Qatar discuss regional de-escalation, economic impact of Iran conflict
Egypt’s Foreign Minister Badr Abdelatty reaffirmed Cairo’s full solidarity with Qatar and other Gulf states during talks with Qatari Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani…
Regional escalation deepens as Egypt condemns attacks, backs Gulf states, Jordan
Military escalation across the Middle East is intensifying as Iran and Israel exchange strikes, with tensions spilling into Gulf states and Jordan, prompting a firm political response from Egypt. Egypt’s…
Deputy FM, MSMEDA chief discuss expanding support for SMEs, entrepreneurship
Deputy Foreign Minister for International Cooperation Somaya El-Ahdal met with Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), to discuss expanding support for small businesses…
Medical tourism in Egypt jumps 76.7%, generating $8m in 2025
Ahmed Elsobky, Chairperson of the Egypt Healthcare Authority, has announced that Egypt’s medical tourism sector is experiencing a significant surge, supported by improvements in healthcare services and higher standards across…
Egypt approves Waste Management Authority budget, proposes stricter licensing rules
Egypt’s Ministry of Local Development and Environment said on Saturday that the board of the Waste Management Regulatory Authority approved its draft budget for the 2026/2027 fiscal year and reviewed…
Petroleum Minister inspects Valaris DS-12 rig ahead of new Mediterranean gas drilling programme
Karim Badawi, Minister of Petroleum and Mineral Resources, inspected the Valaris DS-12 drilling rig, recently arrived in Egypt to launch a programme drilling five new natural gas wells in the…
Obour Market slashes post-harvest losses to 3-5%, saving EGP 1.2bn annually
Prime Minister Mostafa Madbouly held a high-level meeting at Obour Wholesale Market on Saturday to review food supply conditions, market operations, and ongoing government efforts to stabilise prices. During the…
COMESA launches digital investment map showcasing 180 opportunities across seven sectors
The Common Market for Eastern and Southern Africa has unveiled its COMESA Investment Map, an interactive digital platform presenting 180 nationally endorsed investment opportunities across seven priority sectors: agriculture, food…
Egypt launches phase two of Ataba development to upgrade markets, infrastructure
Egypt has launched the second phase of the development of the Ataba area in Cairo, as part of a wider government strategy to modernise urban markets and upgrade infrastructure in…