Local Development Minister reviews Aswan’s EGP 52.3m waste projects, Haya Karima progress
Egypt has invested EGP 52.3m to develop the solid waste management system in Aswan governorate, Minister of Local Development and Acting Minister of Environment Manal Awad announced on Sunday. The…
Three killed in Syria’s coastal region amid Alawite protests for self-determination
The Syrian army deployed armoured vehicles and tanks to coastal cities on Sunday after protests demanding self-determination turned violent, leaving at least three people dead and 60 others injured in…
CBE’s 1% rate cut eases financing costs, boosts industry, market confidence
The Central Bank of Egypt (CBE) announced a 1% cut in its key interest rates last Thursday, marking a significant step towards easing monetary conditions and supporting economic activity amid…
FRA issues model policy for Real Estate Title Insurance in Egypt
The Financial Regulatory Authority (FRA), chaired by Mohamed Farid, has announced the issuance of a model insurance policy for Real Estate Title Insurance, enabling insurance companies to provide coverage to…
Egypt targets 80% debt-to-GDP ratio by June 2026 as external debt falls $4bn
Egypt aims to reduce its budget debt-to-GDP ratio to 80% by the end of June, Finance Minister Ahmed Kouchouk said on Saturday, as the government continues a fiscal discipline path…
Netanyahu to meet Trump for Gaza Phase 2 talks amid US frustration over delays
Israeli Prime Minister Benjamin Netanyahu travels to Florida on Sunday for a summit with US President Donald Trump to discuss the second phase of a Gaza ceasefire, amid American frustration…
Banks in Egypt record net profits of EGP 433.8bn in Q3 2025
Banks operating in the Egyptian market recorded net profits of EGP 433.772bn in the third quarter of 2025, up from EGP 274.938bn in the second quarter, according to data released…
Egyptian market awaits impact of 1% rate cut on savings returns, loans and debt instruments
The Egyptian market is awaiting banks’ return to business, Sunday, following the weekend break, to assess the impact of the Central Bank of Egypt’s (CBE) decision last Thursday to cut…
Egypt launches solar power plant in Djibouti, expanding renewable energy cooperation
Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, inaugurated a new solar power plant in Omar Jagaa village in Djibouti’s Arta region, marking…
EGP 25bn project launched to supply electricity to one million feddans in West Minya Plain
The Egyptian Countryside Development Company has announced the launch of a major project to construct extra-high-voltage and high-voltage power stations and feeder lines, in coordination with the Egyptian Electricity Transmission…