Pakistan gave positive ceasefire response for regional peace: PM Sharif
Pakistan, as a responsible state, gave a positive response to a ceasefire considering regional peace and the lives of millions in the region, Prime Minister Muhammad Shehbaz Sharif said in…
2.3 million microinsurance policies cover over 10 million Egyptians: FRA deputy head
Islam Azzam, Deputy Head of the Financial Regulatory Authority (FRA), announced that Egypt’s microinsurance sector achieved notable growth during the 2023/2024 fiscal year. A total of 15 companies—six focused on…
EGP 920m invested in 31,000 youth projects in Damietta over 9 months: MSMEDA CEO
Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), announced that nearly EGP 920m has been invested in youth-led projects across Damietta from July 2014 to…
1.5 billion e-documents uploaded to Egypt’s e-invoicing system: ETA chief
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), announced that the national e-invoicing system has recorded significant growth, with approximately 1.5 billion electronic documents uploaded to date. She…
Egypt, Switzerland hold inaugural Joint Economic Committee in Bern
Egypt and Switzerland convened the first meeting of their Joint Economic Committee in the Swiss capital, Bern, chaired at a technical level by Egypt's Ministry of Planning, Economic Development and…
AAIB, Al Ahly Pharos to manage EGP 20bn securitization bond programme for Tatweer Misr
The Arab African International Bank (AAIB) and Al Ahly Pharos have been appointed as financial advisors and lead arrangers for a landmark EGP 20bn securitization bond programme for Tatweer Misr,…
Suez Canal Bank completes EGP 5.8bn in Sharia-compliant sukuk issuances
The Suez Canal Bank has successfully completed two sukuk issuances totaling EGP 5.8bn, both compliant with Islamic Sharia principles. The bank acted as the coverage guarantor and payment agent in…
Domestic liquidity in Egypt’s banking sector rises to EGP 12.566trn in March 2025
Domestic liquidity in Egypt’s banking sector climbed to EGP 12.566trn in March 2025, up from EGP 11.636trn in December 2024—an increase of EGP 930.4bn, according to the Central Bank of…
Gold surge adds nearly $3bn to Egypt’s international reserves in early 2025
The value of gold in Egypt’s international reserves rose sharply by approximately $2.985bn during the first four months of 2025, reaching $13.629bn in April—up from $10.644bn in December 2024. This…
European leaders visit Kyiv amid calls for Ukraine ceasefire, peace talks
The leaders of France, Germany, Poland, and the United Kingdom travelled to the Ukrainian capital, Kyiv, on Saturday, amid renewed international calls for Russia to agree to a lasting ceasefire…