Al-Wazir inaugurates Golden Avenue garment factory, accelerates industrial development in Minya
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, toured key industrial sites in Minya, highlighting Egypt’s ongoing push to localize manufacturing and expand infrastructure…
Banque Misr, ADCB arrange EGP 1.3bn syndicated loan for Palm Hills’ Casa Cook hotel project
A banking consortium led by Banque Misr, in cooperation with Abu Dhabi Commercial Bank–Egypt (ADCB), has arranged a syndicated loan facility amounting to EGP 1.3bn for the Middle East for…
IDB participates in two Sukuk issuances worth EGP 500m
The Industrial Development Bank (IDB) has taken part in two significant Sukuk issuances during the first half of 2025, with a total contribution of EGP 500m, further expanding its presence…
United Bank reports over EGP 1bn in profits for Q1 2025
United Bank has reported standalone pre-tax profits of EGP 1.013bn for the first quarter (Q1) of 2025, achieving a 59% increase compared to the same period in 2024. CEO and…
CIB partners with Lantern Ventures to boost SME growth
The Commercial International Bank (CIB) has entered into a strategic partnership with Lantern Ventures, a leading Egyptian investment portfolio management firm known for its active role in supporting start-ups and…
CBE cuts rates by 1% as inflation pressures ease, growth rebounds
The Central Bank of Egypt (CBE)’s Monetary Policy Committee (MPC) decided last Thursday to cut its key interest rates by 1 percentage point, lowering the overnight deposit rate to 24%,…
Germany, Hong Kong universities eye US talent amidst Trump’s Harvard criticism
Universities in Asia and Europe are hoping that recent criticism of Harvard University by US President Donald Trump, and broader pressures on US academia, will give them an advantage in…
US eases Syria sanctions; Damascus welcomes move
The United States administration under President Donald Trump on Friday granted Syria comprehensive exemptions from US sanctions, a development aimed at fulfilling a pledge to lift decades-old restrictions on the…
Opinion | INDIA AND EGYPT UNITED AGAINST TERRORISM: A PERSPECTIVE ON THE PAHALGAM ATTACK AND OPERATION SINDOOR
The Pahalgam Attack: A Brutal Act of Terror On April 22, 2025, the serene tourist destination of Pahalgam in India's Jammu and Kashmir was shattered by violence when armed terrorists…
China’s inbound tourism continues heating up amid improving environment
China's inbound tourism has maintained strong momentum, with a sharp rise in both international arrivals and visitor spending, buoyed by streamlined visa policies and an improved travel environment, according to…
