Foreign assets in Egypt’s banking sector climb to $18.5bn in July 2025
The Central Bank of Egypt (CBE) has reported a sharp rise in the net foreign assets of the country’s banking sector, which reached $18.482bn—equivalent to EGP 900.545bn—in July 2025, compared…
Egypt’s ICT minister stresses need for Arab cooperation on cyber threats
Egyptian Minister of Communications and Information Technology, Amr Talaat, called for strengthening joint Arab action in cybersecurity through cooperation in training, information exchange, and coordinating responses to cyber incidents. Speaking…
Egypt, Italy explore closer cooperation in military, civilian manufacturing
Minister of State for Military Production Mohamed Salah El-Din Mostafa met with Italian Ambassador to Egypt Michele Quaroni to discuss ways to enhance bilateral cooperation across military and civilian manufacturing…
IDB signs EGP 1.13bn credit facility agreement with Raya
The Industrial Development Bank (IDB) has signed a credit facility agreement worth EGP 1.13bn with Raya Information Technology, a subsidiary of Raya Holding for Financial Investments. The financing will support…
Electricity Minister discusses cooperation with ABB on energy efficiency, renewables
Minister of Electricity and Renewable Energy Mahmoud Esmat met with Adrian Guggisberg, CEO of the Power Sector at global technology company ABB, along with an accompanying delegation, to discuss strengthening…
Madbouly meets with SunRev Solar to localize renewable energy component manufacturing
Prime Minister Mostafa Madbouly met on Sunday with He Fei, Managing Director of SunRev Solar, at the government headquarters in the New Administrative Capital to discuss plans for localizing the…
Emaar Misr, Citystars to develop EGP 900bn ‘Marassi Red Sea’ resort in Egypt
Egypt on Sunday signed a partnership agreement with developers Emaar Misr and Citystars for a new EGP 900bn ($18.8bn) tourism project on the Red Sea coast, the prime minister's office…
FRA releases 2024 sustainability report highlighting landmark progress in green finance
The Financial Regulatory Authority (FRA), chaired by Mohamed Farid, has released its 2024 Annual Sustainability Report, providing a comprehensive overview of its strategic efforts to integrate sustainability into Egypt’s non-banking…
Makkah Developments prepares to launch Rowaq Compound in Sheikh Zayed
Makkah Developments prepares to launch its latest residential project, Rowaq Compound, in Sheikh Zayed City. The project reflects the company’s vision of creating integrated residential communities that prioritise innovation, sustainability,…
Omidar Developments signs partnerships for The Capital Way Mall in East Cairo
Omidar Developments has signed a series of cooperation agreements for its new mixed-use commercial project, The Capital Way Mall, in East Cairo. The development spans more than 4,000 sqm and…