SCZONE signs $52.6m textile industry deals during China investment tour
The Suez Canal Economic Zone (SCZONE), chaired by Walid Gamal El-Din, signed on Tuesday three new contracts with leading Chinese textile and ready-made garment companies, totalling approximately $52.6m (EGP 2.58bn)…
Egypt’s current account gap narrows, but overall BoP records deficit
Egypt's balance of payments recorded an overall deficit of $1.9bn in the first nine months of the 2024/2025 fiscal year, swinging from a $4.1bn surplus a year earlier, the central…
Famine deepens in Gaza amid mounting global condemnation of Israeli aggression
Amid relentless Israeli bombardment of the Gaza Strip, the Palestinian Ministry of Health announced on Tuesday that hospitals in the besieged territory had received 77 bodies and 376 wounded individuals…
Al-Sisi urges accelerated oil, gas discoveries, lower import bill
Egyptian President Abdel Fattah Al-Sisi met on Tuesday with Prime Minister Mostafa Madbouly and Minister of Petroleum and Mineral Resources Karim Badawi to review recent developments in the petroleum and…
CIB reports Q2 2025 consolidated revenue of EGP 27.8bn
Commercial International Bank (CIB) reported second-quarter (Q2) 2025 consolidated net income of EGP 16.7bn, or EGP 4.88 per share, marking a 7% increase from Q2 2024. The bank’s management commented: “Building…
Egypt, India discuss expanding industrial, investment partnerships
Mohamed El-Shimy, Minister of Public Enterprises Sector, held a meeting with Suresh Reddy, India’s ambassador to Egypt, to enhance bilateral cooperation in economic and industrial fields and explore partnership opportunities…
Egypt’s EDA discusses Johnson & Johnson’s plans to expand investment in local pharmaceutical sector
Chairperson of the Egyptian Drug Authority (EDA), Ali Ghamrawy, met with a delegation from Johnson & Johnson to strengthen collaboration with one of the world’s leading pharmaceutical companies. The meeting…
World Bank proposes Egypt join new global health initiative
Egypt and the World Bank have discussed strengthening cooperation to support the country’s economic development, with the bank proposing that Egypt join a new global health initiative, the planning ministry…
I won’t trade my identity to please market: Douzi
With a style rooted in authenticity and a voice that resonates across borders, Moroccan pop singer Abdelhafid Douzi speaks to the Arab world from the heart. In this conversation, he…
Opinion | After Gaza’s Children Died of Starvation, Will Arab Americans Stand Up to Trump?
When we compare today’s humanitarian catastrophe in Gaza with some of history’s most harrowing famines — like the Holodomor in 1930s Ukraine or the Great Chinese Famine of the 1950s…
