Base year effect lowers inflation rate
Egypt’s urban inflation dropped to 12.8% in February 2025, down from 24% in January, a sharp decline primarily attributed to the base year effect. But what does this term mean,…
Saib Bank appoints two non-executive board members after CBE approval
Saib Bank has appointed Mohamed Onsy El-Beshouty and Abdel Khalek Farag El-Wazir as non-executive board members, representing Arab Contractors Investment Company. The Central Bank of Egypt (CBE) approved El-Beshouty’s appointment…
Will CBE extend InstaPay’s fee waiver as deadline nears?
The financial sector is closely watching the Central Bank of Egypt (CBE) as the current fee exemption for InstaPay transactions approaches its expiration at the end of this month. In…
FRA reports EGP 299bn in financing by entities under its supervision in Q4 2024
The Financial Regulatory Authority (FRA) announced that total financing provided by entities under its supervision reached EGP 299bn in the fourth quarter (Q4) of 2024. This figure includes capital market…
The Crypto Effect: Measuring Digital Currency’s Impact on US Business Landscapes
In the span of just over a decade, cryptocurrency has evolved from an obscure digital experiment to a powerful economic force reshaping how American businesses operate, invest, and plan for…
Egypt welcomes Trump’s shift on Gaza displacement
Egypt on Thursday welcomed recent statements by US President Donald Trump, which suggested a change of course regarding the potential displacement of Palestinians from the Gaza Strip. In a statement,…
Egypt’s Al-Wazir, MSC Group discuss new investments to strengthen transport, logistics
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir met with Soren Toft, CEO of MSC Group, to explore new investment opportunities in Egypt’s transport…
MSMEDA issues 130,000 licences for small enterprises over past decade
Basil Rahmy, CEO of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), announced that between July 2014 and December 2024, the agency issued 19,804 final and temporary business regularization…
Egypt strengthens business climate to attract more FDI, streamline investment procedures
Hassan El-Khatib, Minister of Investment and Foreign Trade, participated in a panel discussion organized by the Egyptian Private Equity and Venture Capital Association (EPEA), alongside key government officials and business…
Egypt’s Petroleum Minister explores stronger energy ties with UK’s Harbour Energy
On the sidelines of the CERAWeek Global Energy Conference in Houston, Texas, Minister of Petroleum and Mineral Resources Karim Badawi met with Harbour Energy CEO Linda Cook to discuss enhanced…