New expansion projects, public-private partnerships to modernize, localise industry: El-Shimy
Mohamed El-Shimy, Minister of Public Enterprises Sector, announced that the ministry is implementing a comprehensive plan to modernise and develop its affiliated companies through ambitious expansion projects. These initiatives aim…
Al-Wazir inaugurates glass factory, lays foundation stone for new appliance plant at Elaraby Group
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir conducted an extensive field tour that included inaugurating and inspecting several major industrial projects in Monufeya,…
Germany faces recruitment hurdles in push to rearm, eyes conscription
Germany is struggling to recruit enough soldiers for its planned rearmament in the face of growing Russian threats, a challenge complicated by a tight labour market and an aging population,…
Needle-spiking attacks in France prompt government warning, public fear
A wave of needle-spiking attacks in public spaces across France has sparked widespread public fear and prompted the government to call for a "swift and firm criminal response," as authorities…
Lavrov warns against anti-Russia alliances in Asia during North Korea visit
Russian Foreign Minister Sergey Lavrov on Saturday warned the United States and its allies against creating security threats for Moscow and Pyongyang, praising North Korea for its military support in…
Cash, technology, and the quest for balance: Why going fully offline is not the answer
In today’s fast-paced digital world, electronic payments and digital banking have become an integral part of daily life, offering unmatched speed and convenience while steadily reducing reliance on cash. Yet…
HDB expands national footprint with ‘Acacia’ branch in New Cairo
The Housing and Development Bank (HDB) has inaugurated its latest branch, “Acacia,” in New Cairo, as part of its 2025–2030 strategy to strengthen its network of branches across Egypt. The…
Egypt’s banking sector liquidity rises to EGP 12.8trn in May 2025
The Central Bank of Egypt (CBE) has reported that total liquidity in the country’s banking sector increased to EGP 12.821trn in May 2025, up from EGP 12.684trn in April—reflecting a…
CBE expects inflation to stabilise in 2025 before gradually declining in 2026
The Central Bank of Egypt (CBE) expects annual headline inflation to remain steady at current levels throughout the remainder of 2025, before gradually trending downward in 2026. In its meeting…
Egypt, China central banks sign pacts to boost yuan use, payment systems
The central banks of Egypt and China on Tuesday signed three memoranda of understanding aimed at promoting the use of the Chinese yuan and expanding electronic payment cooperation, the Central…