Egypt’s economic reset: Signs of stabilization and a path forward
Simon Williams, HSBC’s Chief Economist for Central & Eastern Europe, the Middle East and Africa (CEEMEA), and Helen Belopolsky, HSBC’s Global Head of Geopolitical Risk, recently shared their outlook on…
Public Enterprises Ministry launches overhaul plan to modernize affiliated companies: El-Shimy
Minister of Public Enterprises Sector Mohamed El-Shimy has announced the implementation of a comprehensive modernization plan for companies affiliated with the ministry. The plan centers on digital transformation, technology localization,…
Egypt reaffirms ban on industrial projects on farmland, in residential areas
In a continued effort to boost industrial development while preserving vital resources, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir held a meeting with…
China accuses US of ‘seriously violating’ trade truce, vows countermeasures
China said on Monday the United States is "seriously violating" a trade truce between the two countries, days after a similar accusation was levelled at Beijing by US President Donald…
New Russia-Ukraine talks in Turkey follow major cross-border attacks
The Turkish city of Istanbul is set to host a second round of negotiations between Russian and Ukrainian delegations on Monday, hours after Kyiv reportedly launched a significant drone attack…
Hikaru Shipping Line launches three new routes linking Asia, Africa, and Europe
LATT Trading & Shipping, the official agent of Hikaru Shipping Line in Egypt, has announced the launch of three new maritime routes connecting key ports across Asia, Africa, and Europe.…
KOICA, GOEIC sign $11 m agreement to enhance Egypt trade facilitation
The Korea International Cooperation Agency (KOICA) and Egypt's General Organization of Export and Import Control (GOEIC) on Monday signed an $11m agreement to establish a digital platform aimed at enhancing…
FABMISR leads EGP 4.2bn loan for Redcon’s Golden Gate project in Egypt
First Abu Dhabi Bank Misr (FABMISR) is leading an EGP 4.2bn syndicated loan for Redcon Properties to finance its "Golden Gate" commercial and administrative project in New Cairo, the bank…
Egypt, Iran explore closer ties amid escalating regional tensions
Egyptian President Abdel Fattah Al-Sisi met with Iranian Foreign Minister Abbas Araghchi in Cairo on Monday, signaling a potential shift in long-frozen relations between the two regional heavyweights. The meeting…
IAEA Chief, Egypt’s Al-Sisi discuss nuclear non-proliferation, regional stability
Egyptian President Abdel Fattah Al-Sisi and International Atomic Energy Agency (IAEA) Director General Rafael Grossi met on Monday to discuss nuclear non-proliferation, disarmament, and regional stability, the Egyptian presidency said.…