Subsidised mortgage finance for low, middle-income borrowers reach EGP 95.5bn in November 2025
Banks and mortgage finance companies participating in the state-backed mortgage initiative for low- and middle-income citizens have injected a combined EGP 95.534bn into the programme, benefiting more than 668,504 clients…
EU drafts central energy plan to fix grid bottlenecks and save billions
The European Union is preparing a centralized plan to prioritize energy investments and bridge infrastructure gaps across the bloc, seeking to tackle grid bottlenecks that threaten climate goals and cost…
Netanyahu’s pick for Mossad chief sparks resignation threats over lack of experience
Israeli Prime Minister Benjamin Netanyahu’s decision to appoint his Military Secretary, Major General Roman Gofman, as the new head of the Mossad foreign intelligence agency has sparked a political storm…
US warns NATO allies against ‘bullying’ American defence firms amid protectionism row
US Deputy Secretary of State Christopher Landau has criticised European NATO allies for prioritising domestic defence companies over American suppliers, warning partners against "bullying" US firms or excluding them from…
CIB named Egypt’s Bank of the Year 2025 as factoring portfolio hits EGP 4bn
Commercial International Bank (CIB) has secured The Banker’s Bank of the Year 2025 award for Egypt, cited for the rapid expansion of its factoring subsidiary and the broadening of its…
Egypt tackles waste sector funding gaps, local governance reforms
Egypt’s Minister of Local Development and Acting Minister of Environment, Manal Awad, held two meetings on Wednesday with Minister of Finance Ahmed Kouchouk at the ministry’s headquarters in the New…
Egypt, Bulgaria sign protocol to expand economic ties across 19 sectors
Egypt and Bulgaria have signed a protocol to strengthen cooperation across 19 strategic sectors, including renewable energy, industry, and investment, aiming to bolster economic relations ahead of the centenary of…
Egypt to swap capital gains for stamp duty to boost stock market investment
Egypt plans to replace capital gains tax with a stamp duty to stimulate institutional investment in the stock exchange, Finance Minister Ahmed Kouchouk announced on Wednesday, as part of a…
Egypt’s PM cites optimism on IMF reviews as economic indicators beat targets
Prime Minister Mostafa Madbouly stated on Wednesday that there is "optimism" concerning ongoing talks with the International Monetary Fund (IMF) mission, citing positive economic indicators that have surpassed targets in…
Egypt denies coordination with Israel over Rafah crossing
Egypt on Wednesday rejected Israeli claims that the two sides had reached an agreement to reopen the Rafah crossing in one direction to allow Palestinians to leave the Gaza Strip,…