Egypt, Indonesia elevate bilateral ties to strategic partnership
Egyptian President Abdel Fattah Al-Sisi received his Indonesian counterpart Prabowo Subianto on Saturday at Al-Ittihadiya Palace in Cairo, marking a landmark visit aimed at deepening bilateral relations and expanding cooperation…
Egypt launches two new textile cities in Minya, Fayoum across 11 million sqm
The Egyptian government has unveiled plans to establish two integrated textile cities in Upper Egypt—one in Minya’s Wadi El-Saririya area and the other in the northern industrial zone of Fayoum—each…
Gold prices in Egypt surge 7% over past week, climbing more than EGP 300
Gold prices in Egypt surged by 7% over the past week, rising by EGP 310 to close at EGP 4,690 per gram during Saturday’s trading—the highest level recorded this week.…
CBE to launch phase two of remittance digitization project with 12 participating banks
The Central Bank of Egypt (CBE) has announced preparations for the second phase of its remittance digitization project targeting Egyptian expatriates, with 12 banks operating in the local market set…
Corporate tax filing deadline remains 30 April: ETA chief
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), confirmed that the deadline for submitting corporate income tax returns for the 2024 fiscal year remains 30 April 2025. She…
El-Khatib reaffirms government support for Japanese investment in Egypt
Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, held a meeting with Yamamoto Nobuyuki, Chairperson of Yazaki Europe, Africa, and the Middle East, to discuss the company’s €30m investment…
Egypt seeks expanded OPEC Fund financing for private sector growth
Egypt is seeking increased financial support from the OPEC Fund for International Development to bolster the private sector and stimulate investment and employment, according to the Ministry of Planning, Economic…
United Bank launches comprehensive digital services for business owners, investors
United Bank has launched an integrated suite of digital banking services and advanced financial solutions, designed to meet the growing and evolving needs of business owners and investors in today’s…
ADIB joins ‘Chapter Zero Egypt’ to advance climate governance, sustainability goals
Abu Dhabi Islamic Bank–Egypt (ADIB Egypt) has officially joined the “Chapter Zero Egypt” initiative, a strategic step that underscores the bank’s strong commitment to sustainability and climate governance. This move…
Banque Misr arranges EGP 285.5bn in syndicated loans across key sectors in Q1 2025
Banque Misr announced it arranged, led, and marketed six syndicated loan deals totalling EGP 285.5bn during the first quarter (Q1) of 2025. Acting as both mandated lead arranger and bookrunner,…