Baghdad Summit condemns Gaza ethnic cleansing, urges immediate global action
Amid the most intense Israeli military escalation in Gaza in decades, Arab leaders convened on Saturday in Baghdad for the 34th Arab League Summit, issuing forceful calls for an immediate…
Arab investments in Egypt surge to $41.5bn in FY 2023/24: CAPMAS
Arab investments in Egypt soared to $41.5bn during the fiscal year 2023/2024, a significant rise from $7.3bn the previous year, according to new data released by the Central Agency for…
PM Madbouly inspects BRT project during trial phase ahead of public launch
Prime Minister Mostafa Madbouly, joined by Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir, carried out an inspection tour on Saturday to assess the…
Opinion | Disinflation still faces headwinds, but price growth stabilising and high real rates leave CBE room to cut next week
Headline inflation stood at 13.9% y-o-y in April, broadly unchanged from March. This steady annual figure is largely base-effect driven, with sequential data showing monthly price growth exceeding 1% for…
Egypt’s Health Minister urges unified ‘One Health’ strategy on World Veterinary Day
Egypt’s Deputy Prime Minister and Minister of Health and Population, Khaled Abdel Ghaffar, marked World Veterinary Day on Saturday by calling for stronger integration of human, animal, and environmental health…
Egypt eyes $7bn in engineering exports by 2025-end
Egypt’s engineering sector is aiming for a record-breaking $7bn in exports by the end of 2025, according to Sherif El-Sayyad, Chairperson of the Engineering Export Council of Egypt. In the…
Egypt to host IOSCO’s 2026 annual conference for first time
In a landmark achievement, Egypt—represented by the Financial Regulatory Authority (FRA)—has secured the bid to host the 51st Annual Conference of the International Organization of Securities Commissions (IOSCO) in 2026.…
Agricultural Bank of Egypt forms new board for three-year term
The Agricultural Bank of Egypt (ABE) has announced the formation of a new Board of Directors for a three-year term, following approval from the Central Bank of Egypt (CBE) and…
Suez Canal Bank posts EGP 1.3bn in Q1 profits, doubling year-on-year
Suez Canal Bank reported net profits of EGP 1.3bn for the first quarter (Q1) of 2025, more than double the EGP 600m recorded in the same period last year—an impressive…
SAIB Bank delivers strong Q1 2025 results with EGP 51bn in local currency loans
SAIB Bank posted robust financial results for the first quarter of 2025, with its local currency loan portfolio rising to EGP 51bn in March—an increase of 17%, or EGP 8bn,…