Four global energy firms commit $343m to Egypt’s oil, gas exploration
Egypt has secured four new oil and gas exploration agreements worth a combined $343m with leading international energy companies, as part of the Petroleum Ministry’s strategy to intensify exploration and…
Madbouly urges Chinese investment in Egypt’s EV, desalination, and renewable energy
Egypt’s Prime Minister Mostafa Madbouly has called on Chinese companies to expand their investments in Egypt, particularly in electric vehicles (EVs), water desalination, and renewable energy components, as the government…
Market awaits repercussions of 2% rate cut on savings, loans, and debt instruments
The banking sector and wider financial markets are bracing for the impact of the Central Bank of Egypt’s (CBE) surprise decision last Thursday to cut key policy rates by 200…
Gaza siege deepens humanitarian catastrophe amid mounting global calls for ceasefire
The humanitarian crisis in Gaza is worsening as international pressure grows for an immediate ceasefire to end the devastation caused by Israel’s ongoing military campaign. The Gaza Ministry of Health…
CBE projects inflation to ease to 14–15% in 2025
The Central Bank of Egypt (CBE) expects headline inflation to decline to between 14% and 15% in 2025, after slowing to 15.2% in the second quarter compared with 16.5% in…
After recent 2% rate cut, CBE signals shift in monetary policy
This year marks a significant shift in the Central Bank of Egypt’s (CBE) monetary policy, as it moves from a prolonged phase of tightening to a gradual easing cycle. Since…
CBE net profit surges to EGP 77.5bn in June 2025
The Central Bank of Egypt (CBE) reported a sharp rise in profitability, recording a net profit of EGP 77.55bn in June 2025, compared with EGP 22.83bn a year earlier. The…
Lebanese Prime Minister visits Egypt’s Grand Egyptian Museum
Lebanon’s Prime Minister Nawaf Salam on Saturday visited Egypt’s Grand Egyptian Museum in Cairo, accompanied by Culture Minister Ghassan Salamé, Energy and Water Minister Joseph Sadi, and an official delegation,…
Train derailment in Matrouh kills three, injures 94
Egypt’s Health Ministry announced on Saturday that three people were killed and 94 others injured when several carriages of a passenger train derailed in Matrouh governorate. The ministry said the…
We strive to ease burdens on citizens, investors: Finance Minister
Minister of Finance Ahmed Kouchouk affirmed that the government is working to ease burdens on citizens and investors through a comprehensive vision for growth and development. He noted that strong…