Egypt is BII’s largest market in Africa, key strategic priority: CEO
As British International Investment (BII) prepares to deploy £15bn worldwide over the next five years, Egypt is emerging as one of the institution’s most strategic markets, according to BII CEO…
CBE, COMESA Clearing House hold workshop to promote REPSS
The Central Bank of Egypt (CBE), in cooperation with the COMESA Clearing House (CCH), hosted a sensitisation workshop on the Regional Payment and Settlement System (REPSS). The workshop was held…
Opinion | The Helsinki Mirage: Why Security Pacts Do Not Necessarily Travel Well
Contemporary strategic thinking has a tendency to seek answers everywhere except in the conditions at hand. Whenever the Middle East reaches an inflection point—as it does now amid the US-Iran…
Parliament approves Egypt’s 2026/27 plan targeting EGP 24.5trn GDP
Egypt’s parliament has granted final approval to the economic and social development plan for the 2026/27 fiscal year (FY), which targets a gross domestic product (GDP) of EGP 24.5trn, Minister…
Egypt detains 136 foreigners and 87 citizens in southern military sweep against illegal mining and trafficking
Egypt's law enforcement forces have detained 87 Egyptian citizens and 136 foreign nationals during a large-scale security operation against criminal networks in the Southern Military Region, the Egyptian Armed Forces…
MIDAR, Majid Al Futtaim sign $3.1bn partnership to develop integrated urban project in New Cairo
MIDAR for Investment and Urban Development has signed a strategic partnership with Majid Al Futtaim to develop an integrated urban project within MADA City in New Cairo, with a total…
CBE prohibits financing for company formation, capital increases, and dividend distributions
The Central Bank of Egypt (CBE) has issued a directive requiring banks not to grant credit facilities to customers for the purpose of financing the capital of companies under incorporation,…
US-Iran talks thrown into doubt after Trump’s warning, with Lebanon at forefront
High-stakes talks between the United States and Iran in Switzerland were thrown into uncertainty on Sunday after US President Donald Trump threatened renewed military action against Tehran, prompting the Iranian…
Banks operating in Egypt adopt international ISO 20022 standard for financial transfers
In a pivotal step towards transforming Egypt's digital payments infrastructure, the Central Bank of Egypt (CBE) announced the adoption of the international ISO 20022 standard across the Egyptian banking sector…
South Africa completes technical plans for automotive and industrial pact with Egypt
South Africa has completed technical preparations for proposed industrial and automotive cooperation protocols with Egypt, South African Minister of Trade, Industry and Competition Parks Tau said during bilateral talks in…