Egypt aims to reduce external debt by $1-2bn this fiscal year: Finance Minister
Egypt's Minister of Finance, Ahmed Kouchouk, has stated that the government is targeting a reduction in external debt by $1bn to $2bn during the current fiscal year. This comes as…
Israel kills journalist in Gaza as US pushes for last-minute ceasefire deal
In a new escalation of violence targeting media workers, Israeli warplanes killed Palestinian journalist Hassan Asliha early Tuesday during an airstrike on Nasser Hospital in Khan Younis, where he was…
PM Madbouly inaugurates $60m expansion of Hayat Egypt factory in Sokhna
Prime Minister Mostafa Madbouly inaugurated the $60m expansion of Turkish company Hayat Egypt Hygienic Products, a factory that manufactures tissue paper from nonwoven materials. The expanded facility is located within…
Egypt unveils national strategy to boost patient safety, healthcare quality
Egypt has launched a comprehensive national strategy aimed at improving patient safety and elevating healthcare quality, marking a significant step in its broader medical reform agenda under Egypt’s Vision 2030.…
SITA opens first regional hub in Middle East with new command center in Cairo
Egypt’s Minister of Civil Aviation, Sameh El-Hefny, inaugurated SITA’s new command center in Cairo—its first regional hub in the Middle East and Africa—marking a key milestone in Egypt’s strategy to…
Egypt’s FRA chair highlights regional cooperation at IOSCO Africa–Middle East meeting
Mohamed Farid, Chairperson of Egypt’s Financial Regulatory Authority (FRA), participated in the Africa/Middle-East Regional Committee (AMERC) meeting during the 50th Annual Meeting and Conference of the International Organization of Securities…
PM witnesses EGP 34.5bn contract signings with Xinxing for national, regional infrastructure projects
Egypt’s Prime Minister Mostafa Madbouly witnessed the signing of four major commercial contracts worth approximately EGP 34.5bn with Xinxing Ductile Iron Pipes Company during the inauguration of its new factory…
Industry is cornerstone of economic development, national security: Minister
Mohamed Salah El-Din Mostafa, Minister of State for Military Production, emphasized that industry is a foundational pillar of both comprehensive economic development and national security. He cited its role in…
CIB reports strong Q1 2025 results with net income up 39% YoY
Commercial International Bank – Egypt (CIB) reported consolidated net income of EGP 16.6bn, or EGP 4.83 per share, for the first quarter (Q1) of 2025—marking a 39% increase compared to…
Opinion | Trump’s Middle East Tour: Diplomatic Currents and Deals Up in the Air
US President Donald Trump has begun his regional visit on May 13, which, at the time of writing, includes Saudi Arabia, Qatar, and the United Arab Emirates. Meanwhile, Israel harbours…
