Egypt steps up export reforms with focus on quality standards, market insights, and global expansion
In a strategic move to enhance the competitiveness of Egyptian exports, senior officials from key government agencies announced a wide-ranging set of initiatives at the second edition of the Egypt…
CIB Egypt extends EGP 2.45bn bridge loan to SODIC for North Coast ‘June’ project
Commercial International Bank (CIB) Egypt has signed an EGP 2.45bn bridge loan agreement with Sixth of October Development and Investment Company (SODIC), a leading real estate developer in Egypt. The…
Gaza faces humanitarian collapse amid escalating Israeli offensive, healthcare breakdown
Gaza faces an imminent humanitarian catastrophe as Israel’s military campaign, now in its 19th consecutive month, continues to intensify. Escalating air and ground operations, coupled with deepening restrictions on civilian…
Egypt implements 500 reforms to empower private sector, boost economy: IDSC
The Egyptian government implemented nearly 500 reform measures between May 2022 and December 2024 aimed at enhancing the private sector's role in driving the country's economic growth, according to a…
Al Ahly Pharos closes landmark EGP 2.8bn Musharaka Sukuk for Bab Masr Development
Al Ahly Pharos Investment Banking, the investment banking arm of the National Bank of Egypt (NBE), has announced the successful closure of Al Ahly Sukuk Company’s inaugural Musharaka Sukuk issuance,…
Al Ismaelia, Coventry University Cairo partner on urban development education
Al Ismaelia for Real Estate Investment and Coventry University Cairo Branch at The Knowledge Hub Universities (TKH) launched a collaboration on May 6, 2025, to link academic learning with practical…
Egypt’s Al-Sisi reviews economic indicators, reform progress with PM, CBE Governor, Finance Minister
Egyptian President Abdel Fattah Al-Sisi met on Tuesday with Prime Minister Mostafa Madbouly, Central Bank of Egypt Governor Hassan Abdalla, and Finance Minister Ahmed Kouchouk to review macroeconomic indicators and…
200,000 Egyptians invest EGP 2.1bn in gold funds: FRA
Approximately 200,000 citizens have invested EGP 2.1bn in regulated gold investment funds, Egypt's Financial Regulatory Authority (FRA) said, emphasising it oversees investment in fund units, not direct gold trading. The…
Egypt, EU discuss 2nd phase of €4bn macro-financial assistance; mission expected late May
Egypt is preparing to receive a high-level European mission at the end of May to conclude negotiations regarding the second phase of the Macro-Financial Assistance (MFA) mechanism, as part of…
2025: Landmark year for Egyptian archaeology
Renowned Egyptian archaeologist Zahi Hawass has sparked global anticipation by hinting at groundbreaking archaeological discoveries expected in 2025. Speaking in Phoenix, Arizona, during the first stop of his North American…
