NBE, ADI Finance ink agreement to expand Sharia-compliant financing solutions
The National Bank of Egypt (NBE) has signed a financing agreement with ADI Finance, a subsidiary of Abu Dhabi Islamic Bank – Egypt (ADIB Egypt), aimed at supporting the company’s…
NBE reports EGP 166.9bn in profits for H1 2025
The National Bank of Egypt (NBE) announced that its profits reached EGP 166.94bn in June 2025, marking a significant increase from EGP 112.49bn recorded during the same period in 2024.…
CBE projects inflation to average 10.5% in 2026 as economic recovery gains momentum
The Central Bank of Egypt (CBE) has projected a continued decline in inflation over the next two years, with annual headline inflation expected to average 14.0% in 2025 and 10.5%…
Egypt’s Al-Sisi, DR Congo’s Tshisekedi discuss peace efforts, Nile cooperation
Egyptian President Abdel Fattah al-Sisi met with his counterpart from the Democratic Republic of Congo, Félix Tshisekedi, on Friday to discuss bilateral relations, regional peace efforts, and cooperation among Nile…
Egypt, Colombia Presidents discuss Gaza, bilateral cooperation in Cairo
Egyptian President Abdel Fattah Al-Sisi met with Colombia President, Gustavo Petro, in Cairo on Friday to discuss bilateral relations and regional issues, including the implementation of the Gaza peace agreement.…
Egypt extends EGP 50bn hotel financing initiative by six months to boost tourism capacity
Minister of Finance Ahmed Kouchouk and Minister of Tourism and Antiquities Sherif Fathy announced that the Cabinet has approved a six-month extension of the EGP 50bn financial facilitation initiative, effective…
Egypt brokers African consensus on AfCFTA rules of origin after four years of talks
Egypt, in its capacity as Chair of the African Continental Free Trade Area (AfCFTA) Ministerial Council of Trade Ministers, has secured consensus among member states on the long-pending rules of…
Egypt urges ceasefire in Sudan as EU denounces RSF brutality after El-Fasher’s capture
As fighting in Sudan escalates and the Rapid Support Forces (RSF) seize control of El-Fasher— the last stronghold of the Sudanese army in Darfur—regional and international calls for action are…
Egypt, Netherlands renew water MoU, explore beach nourishment to protect Mediterranean coast
Egypt’s Water Resources and Irrigation Minister Hani Sweilam met with Dutch Ambassador to Cairo Peter Mollema to strengthen bilateral ties in water management, according to a statement from the Ministry…
Al-Ahram Chemicals invests $10m to establish formaldehyde, derivatives complex in Sokhna
Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), witnessed today the signing of a contract between Al-Ahram Chemicals and Resins and Derivatives Company and the Main Development…