IMF praises Egypt’s notable progress on investment, trade reforms
The International Monetary Fund (IMF) mission, currently in Cairo to conduct the fifth and sixth reviews of Egypt’s Extended Fund Facility programme, has commended the substantial progress achieved in the…
Egypt forecasts economic growth of at least 5% this fiscal year, minister tells IMF
Egypt expects its economy to grow by at least 5% by the end of the current fiscal year, supported by a continued pace of structural reforms, Planning Minister Rania Al-Mashat…
Egypt launches 32nd International Quran Competition with participants from over 70 countries
Egypt on Saturday inaugurated the 32nd edition of the International Holy Quran Competition, held under the patronage of President Abdel Fattah Al-Sisi and named this year after renowned Egyptian reciter…
Local liquidity in banking sector rises to EGP 13.68trn in October 2025
The Central Bank of Egypt (CBE) has reported an increase in total local liquidity within the banking sector, reaching EGP 13.686trn in October 2025, up from EGP 13.622trn in September.…
Egypt, China’s XD Group discuss localising electrical equipment manufacturing
Mahmoud Essmat, Minister of Electricity and Renewable Energy, met with Zhou Qi Qi, Chairperson of China’s XD Group, and his delegation, in the presence of Mona Rizk, Chairperson of the…
Ras El-Hekma anchors FDI surge as COMESA’s global investment share doubles
Foreign direct investment (FDI) into the Common Market for Eastern and Southern Africa (COMESA) surged to a record $65bn in 2024, marking a 154% year-on-year increase despite a global downturn…
SCZONE chair showcases investment opportunities to US institutions, companies
Walid Gamal El-Din, Chairperson of the General Authority for the Suez Canal Economic Zone (SCZONE), concluded his promotional tour in the United States with a series of meetings and engagements…
United Bank to roll out specialised healthcare financing packages, including green financing: Kashmiry
Nevine Kashmiry, Deputy Managing Director for Business Sectors at United Bank, announced that the bank is preparing to introduce a suite of specialised financing products tailored to the healthcare sector.…
HDB deepens green, sustainable finance leadership through new partnership with Frankfurt School
The Housing and Development Bank (HDB) has signed a Memorandum of Understanding with the Frankfurt School of Finance and Management, under the auspices of the German Agency for International Cooperation…
Social Housing Fund doubles CIB’s mortgage finance allocation to EGP 12bn
The Social Housing and Mortgage Finance Fund has signed a cooperation protocol with CIB–Egypt, one of the country’s largest private-sector banks, to expand joint efforts in mortgage financing and support…