Hormuz flashpoint: US-Iran clash over shipping control deepens
Tensions in the Strait of Hormuz, one of the world’s most vital energy corridors, have escalated sharply as the United States and Iran exchanged accusations over control of the waterway…
Al-Sisi, OECD chief discuss reforms, expanding private sector role
Egyptian President Abdel Fattah Al-Sisi met on Monday with the Organisation for Economic Co-operation and Development’s (OECD) Secretary-General Mathias Cormann in Cairo to discuss strengthening economic cooperation and advancing Egypt’s…
Opinion | Chokeholds of Civilisation
The British National Archives recently declassified a significant tranche of Foreign Office files from the 1956 Suez Crisis, and the timing is as blunt as the documents themselves. These papers—specifically…
Egypt’s economic growth accelerates to 5.3% in first half of year, planning minister says
Egypt's economic growth reached 5.3% in the first half of the current fiscal year, marking a broad and accelerating recovery across six consecutive quarters, Minister of Planning and Economic Development…
Suez Canal economic zone investments hit $7.1bn so far this fiscal year, chairperson tells OECD
Investments in Egypt's Suez Canal Economic Zone (SCZone) have reached $7.1bn so far in the current fiscal year, up from $4.4bn during the previous financial year, the authority's chairperson said…
Opinion | Dialogue without illusion: Rethinking engagement with Israel
We are, in one way or another, bound to engage with others, across borders, cultures, and political divides. Yet the paradox of our time is that such engagement has become…
Pharco Pharmaceuticals plans EGP 1.5bn investments to expand production, exports
Pharco Pharmaceuticals is planning to invest around EGP 1.5bn next year, up from approximately EGP 1.15bn in 2025, as part of its strategy to expand production capacity and strengthen its…
CID offers 31 ready-to-operate units in Robbiki Leather City
Cairo for Investment and Development Company (CID) has launched a new offering of industrial units in the third phase of Robbiki Leather City, comprising 31 ready-to-operate production units and five…
ABB Egypt posts EGP 14bn turnover, drives local manufacturing expansion
ABB Egypt has reported an annual turnover of approximately EGP 14bn, underscoring its sustained growth and deepening presence in the Egyptian market. Operating in Egypt since 1926, the company continues…
Commercial International Bank completes EGP 2.18bn securitisation for Drive Finance
Commercial International Bank (CIB) has completed its seventh securitisation issuance for Drive Finance, valued at EGP 2.175bn, reinforcing its commitment to supporting the company’s liquidity and expansion in the Egyptian…