Russia warns of efforts to disrupt Trump-Putin summit on Ukraine
A Russian investment envoy said on Saturday that some countries would make "colossal efforts" to disrupt a planned summit between U.S. President Donald Trump and Russian President Vladimir Putin to…
MIDBANK extends EGP 1bn credit facilities to Raya Information Technology
MIDBANK has announced the provision of comprehensive credit facilities worth EGP 1bn to Raya Information Technology (Raya IT), a subsidiary of Raya Holding. For over 27 years, Raya IT has…
United Bank contributes EGP 600m to syndicated loan worth EGP 6.2bn for Mountain View project
United Bank has participated with EGP 600m in a syndicated long-term loan worth EGP 6.2bn, arranged by a consortium of six banks led by Banque Misr, to finance part of…
Suez Canal Bank net profits surge 71% to EGP 3.1bn in H1 2025
Suez Canal Bank has reported a sharp rise in profitability for the first half of 2025, with net profits reaching EGP 3.1bn in June—up 71% from EGP 1.8bn a year…
Egypt’s bank deposit, lending rates fall as monetary easing takes hold
The Central Bank of Egypt (CBE) reported that deposit and lending rates have begun to decline, reflecting the early effects of its monetary easing cycle launched in April 2025. The…
Madinet Masr launches Talala in New Heliopolis with EGP 90bn investments
Madinet Masr, one of Egypt’s leading urban community developers, has announced the launch of its latest flagship project, Talala, in New Heliopolis City, with total investments of EGP 90bn. The…
Nine Chinese, Turkish firms invest $41.6m in Ismailia Free Zone, creating 16,000 jobs
The Ismailia Free Zone has secured new investments from nine Chinese and Turkish companies, with a combined value of $41.6m. The projects cover textiles, ready-made garments, protective and sportswear, and…
FRA issues first-ever rules for digital platforms investing in real estate investment fund certificates
The Board of Directors of the Financial Regulatory Authority (FRA), chaired by Mohamed Farid, has issued Decision No. 125 of 2025, introducing—for the first time—comprehensive rules for establishing digital platforms…
Egypt launches first-ever bachelor’s degree in banking sciences across commerce faculties
In a landmark step toward cultivating a new generation of banking professionals and accelerating financial and economic development, the Central Bank of Egypt (CBE), in partnership with the Ministry of…
Egypt, Russia discuss localising electrical systems, equipment manufacturing
Egypt’s Electricity Minister Mahmoud Essmat met with Alexei Kononenko, Vice President of AtomAstroyExport and Project Manager of the El Dabaa Nuclear Power Station, along with his accompanying delegation, to discuss…