Egyptian Foreign Ministry spokesperson stresses importance of parliamentary diplomacy
Ambassador Ahmed Abu Zeid, the official spokesperson of the Egyptian Ministry of Foreign Affairs, stressed the importance of the role of parliamentary diplomacy in recent years in expressing peoples' positions…
AFREXIMBANK to establish headquarters in New Administrative Capital
The African Export-Import Bank (AFREXIMBANK) has signed a contract to establish its headquarters in the New Administrative Capital of Egypt. The contract was signed by Khaled Abbas, Chairperson of the…
Sorouh starts new phase of Entrada project in New Capital
Sorouh Developments has announced the launch of Cascadia, a new phase of its Entrada project in the New Administrative Capital (NAC). The company has signed a contract worth more than…
UAE’s Global Investments Holding Ltd acquires 30% stake in Egypt’s Eastern Company for $625m
Global Investments Holding Ltd., a company based in the United Arab Emirates, has acquired a 30% stake in Egypt's largest tobacco producer, Eastern Company, for $625m. Under the agreement, the…
saib launches project to make banking more accessible for people with disabilities
Step comes within framework of state’s directives, CBE initiative to empower people with disabilities
Attijariwafa bank Egypt posts record net profit of EGP 913.1m in 1H 2023
Attijariwafa bank Egypt has announced a record net profit of EGP 913.1m in the first half (1H) of 2023, up by 146.6% from the same period last year, when it…
CBE reports 12.7% rise in domestic liquidity in seven months
Non-governmental deposits in local currency reach EGP 5.791trn
CBE assets soar by 50% in one year to EGP 4.480trn
Bank’s contributions to capital of international financial organisations increased to EGP 19.378bn,
Number of mental health facilities in Egypt increases to 192
The number of medical facilities licensed to treat people with mental illnesses and addiction in Egypt has increased to 192 from the beginning of June until the end of August…
Austrian Kronospan plans to set up wood panel factory in Egypt with $50m investment
The Industrial Development Authority (IDA) is in talks with the Austrian Kronospan, a leading producer of wood panels, flooring, and MDF fiberboard, to allocate a plot of land for the…