United Bank revives 25 troubled factories across key sectors
The United Bank has announced the successful revival of 25 troubled factories in industries including agriculture, fertilisers, animal feed, and glass manufacturing, after years of inactivity. The move comes as…
Egypt’s Sisi says he won’t ‘gamble with the lives of Egyptians’ to force Gaza aid
Egyptian President Abdel Fattah Al-Sisi on Thursday said that Egypt would not risk the lives of its people in military conflicts under the pretext of delivering aid to Gaza, stressing…
Korea, Egypt sign $10m agreement to enhance green automotive training
South Korea and Egypt on Wednesday signed a $10m grant agreement to enhance vocational training in electric vehicle (EV) and compressed natural gas (CNG) technologies, a project that coincides with…
Cairo to Host AFAA Conference on IFRS S1 Sustainability Disclosure Standards
CAIRO, EGYPT – The Arab Federation of Accountants and Auditors (AFAA), a key regional body affiliated with the Council of Arab Economic Unity of the League of Arab States, will host…
CBE reports EGP 40.3bn in net profit for August 2025
The Central Bank of Egypt (CBE) recorded net profits of EGP 40.346bn in August 2025, a significant increase from EGP 12.331bn in July, according to the bank’s latest financial statements.…
Cairo ties Gaza security plans to comprehensive political settlement
Cairo has signaled conditional openness to discussing the disarmament of Hamas and the potential deployment of an international force in the Gaza Strip — but emphasized that any such measures…
Egypt’s foreign trade hits $140.6bn in 2024
Egypt’s foreign trade volume reached a total of $140.6bn in 2024, according to the latest annual bulletin published by the Central Agency for Public Mobilisation and Statistics (CAPMAS). The data…
Shell Lubricants Egypt, Hassan Allam Holding sign 5-year strategic partnership
Shell Lubricants Egypt (SLE) has signed a five-year agreement to become the exclusive supplier of industrial lubricants for Hassan Allam Holding, one of Egypt’s leading engineering and construction groups. The…
Egypt accelerates investment reforms to boost competitiveness: Minister
Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, has reaffirmed the country’s continued commitment to implementing a broad package of economic reforms aimed at creating a more attractive and…
Health Ministry reviews debt settlement mechanisms under unified procurement system
Egypt’s Minister of Health and Deputy Prime Minister for Human Development, Khaled Abdel Ghaffar, chaired a high-level meeting on Wednesday to follow up on the settlement of outstanding debts within…