Severe storms paralyze Alexandria with hail, flash floods, and power outages
Severe thunderstorms and hailstorms battered Egypt’s coastal city of Alexandria on Saturday, unleashing flash floods, widespread power outages, and structural damage across multiple districts. The intense weather event, described as…
Egypt’s garment exports surge 22% to surpass $1bn in 4M 2025
Egypt’s ready-made garment (RMG) exports soared by 22% during the first four months of 2025, reaching $1.028bn compared to $840m during the same period in 2024, according to the latest…
Giza Systems unveils ambitious growth strategy to boost regional, global presence
Giza Systems (GS), a leading digital transformation enabler and systems integrator in the Middle East and Africa (MEA), has announced a bold new strategic direction aimed at cementing its role…
Finance Ministry to launch new export support programme in coordination with Investment Ministry
Finance Minister Ahmed Kouchouk announced that a new export support programme will be unveiled next week in collaboration with the Ministry of Investment and Foreign Trade. The initiative aims to…
Finance Ministry to issue EGP 728bn in treasury auctions in June
The Ministry of Finance is set to offer 34 treasury bill (T-bill) and bond auctions in June 2025, aiming to raise a total of EGP 728bn. The monthly offering will…
CI Capital reports EGP 381m in net profit for Q1 2025, financing portfolio grows to EGP 23.7bn
CI Capital Holding has announced its financial results for the first quarter (Q1) of 2025, reporting revenues of EGP 2.4bn and net profit after tax and minority interest (NPATM) of…
Non-banking finance for MSMEs rises to EGP 84.6bn in March, marking EGP 21.8bn annual growth
The Financial Regulatory Authority (FRA) announced that the total volume of non-banking finance extended to micro, small, and medium enterprises (MSMEs) rose to EGP 84.579bn in March 2025, up from…
Banks inject EGP 82.1bn into low-income mortgage initiative until April 2025
The Social Housing and Mortgage Finance Fund (SHMFF) has announced that banks and mortgage finance companies have disbursed a total of EGP 84.64bn to approximately 630,015 low-income beneficiaries under the…
Private sector lending rises 10.1% in Q1 2025 as inflation eases: CBE
The Central Bank of Egypt (CBE) has announced that local currency loans to the private sector grew by an average of 10.1% in the first quarter (Q1) of 2025, a…
Yoga Marathon in Cairo marks start of 11th International Day of Yoga events
A Yoga Marathon held in Cairo on 30 May 2025 marked an enthusiastic start to the 11th International Day of Yoga celebrations in Egypt. The event, organised by the Embassy…