EGP 911.5bn in total financing provided by FRA-regulated entities in 2024: Chairperson
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), unveiled key performance indicators for the non-banking financial sector, reporting that total financing granted by FRA-regulated entities reached approximately EGP 911.5bn…
HDB doubles net profits to EGP 11bn in 2024, marking 83.1% surge
The Housing and Development Bank (HDB) has reported a substantial increase in pre-tax and provisioned profits, reaching EGP 16.855bn in 2024, compared to EGP 9.444bn in 2023. This marks a…
CBE holds interest rates steady for seventh consecutive time amid inflation risks
The Central Bank of Egypt (CBE) has once again opted to keep interest rates unchanged, marking the seventh consecutive time it has done so. The Monetary Policy Committee (MPC) cited…
Inertia Egypt to invest EGP 8bn in real estate during 2025
Inertia Egypt has unveiled its 2025 investment strategy, reinforcing its commitment to growth with EGP 8bn in planned investments. The company aims to accelerate construction and delivery across its projects…
Trump taps retired general Caine for top military post in surprise pick
US President Donald Trump has nominated Dan Caine as the next Chairperson of the Joint Chiefs of Staff in a surprise move. The choice of the retired three-star general may…
Egypt’s Deputy Foreign Minister highlights sustainable development at G20 meeting
Egypt's Deputy Foreign Minister, Ambassador Abu Bakr Hefny Mahmoud, has attended the G20 Foreign Ministers' Meeting in Johannesburg, South Africa, representing the Minister of Foreign Affairs, Badr Abdelatty. Speaking on…
SLB eyes lithium mining opportunities in Egypt following meeting
Chairperson of the Egyptian Mineral Resources Authority (EMRA), Yasser Ramadan, met with representatives from SLB (formerly Schlumberger) to discuss potential collaboration in lithium extraction and critical minerals, in a move…
ECA refers 162 poultry firms in Egypt to prosecution over broiler chick price-fixing
Egypt’s Competition Authority (ECA) has referred 162 poultry companies and the General Union of Poultry Producers to the Public Prosecution over allegations of price-fixing in the broiler chick market. The…
Egyptian Minister praises Nile Basin consultations, voices GERD concerns
Egypt's Minister of Water Resources and Irrigation, Hani Sewilam, has commended the recent ministerial decision to launch a consultative process involving seven Nile Basin countries to explore a path forward…
Egypt and Jordan’s rejection appears to sway Trump on Gaza plan
US President Trump on Friday appeared to walk back his proposal to relocate approximately two million Palestinians from the Gaza Strip to neighbouring Middle Eastern countries, to allow the United…
