Banque Misr launches Riyadh branch, begins banking operations in Saudi Arabia
Banque Misr has officially launched its branch in Riyadh, marking the start of its banking operations in Saudi Arabia after completing all regulatory requirements and obtaining approval from the Saudi…
CBE mandates banks to implement Environmental, Social Risk Management System by January 2028
The Central Bank of Egypt (CBE) has instructed banks operating in the domestic market to implement an Environmental and Social Risk Management System (ESRMS), with full implementation required by January…
Balance sheet of banks in Egypt climbs to EGP 24.9trn in February as deposits, lending expand
The aggregate balance sheet of banks operating in Egypt, excluding the Central Bank of Egypt (CBE), rose to EGP 24.920trn in February 2026, up from EGP 24.508trn in January, according…
Alexandria University approves Talaat Moustafa Group donation to support innovation, scientific research
Alexandria University’s Council has approved a donation worth EGP 1.53m from Talaat Moustafa Group (TMG) to support the Aquaphoton team, which is representing the university in the regional competition for…
Arady Misr to launch Egypt’s first fractional land investment platform
Arady Misr, an Egyptian digital land marketplace, has announced the upcoming launch of Arady Shares, a platform that will enable investors to acquire fractional ownership of land through investments starting…
Accor, Margins Developments to launch Novotel hotel, branded residences in New Cairo
Global hospitality group Accor and Margins Developments have signed an agreement to develop a Novotel hotel and Novotel-branded residences at the LUSAIL Residence project in New Cairo's Sixth Settlement, marking…
Jotun Egypt invests over $100m in new plant, expands exports and launches local fire protection manufacturing
Ibrahim El Shamy, Managing Director of Jotun Egypt, said the company has invested more than $100m in its new manufacturing facility in 10th of Ramadan City over the past three…
India’s Jai Dadi Group launches $16m Nile Ferro Alloys plant in Sinai’s Technology Valley
Walid Gamal El Din, Chairperson of the Suez Canal Economic Zone (SCZONE), laid the foundation stone for the Nile Ferro Alloys plant, a major investment by India’s Jai Dadi Group…
Egyptian president swears in new heads of top judicial and legal authorities
Egyptian President Abdel Fattah Al-Sisi swore in four new heads of the country's top judicial and legal authorities on Tuesday, reaffirming the state's commitment to supporting the independence of the…
Electricity, petroleum ministers review plans to meet peak summer power demand
Mahmoud Esmat, Minister of Electricity and Renewable Energy, met with Karim Badawi, Minister of Petroleum and Mineral Resources, to review the joint action plan as part of ongoing preparations to…