AAIB announces robust 2024 results, net profits hits $301m
A $301m net profit for 2024 has been announced by the Arab African International Bank (AAIB), driven by its shift towards a liabilities-driven market approach. Tamer Waheed, Vice Chairperson and…
Military production companies in Egypt report 44% revenue growth
Egypt's Minister of State for Military Production, Mohamed Salah, presented the final accounts for affiliated companies for the fiscal year 2023/24 to the Planning and Budget Committee of the House…
Egypt’s Housing Minister, Slovak Ambassador explore smart city cooperation
Egypt’s Minister of Housing, Utilities, and Urban Communities Sherif El-Sherbiny met with Slovak Ambassador to Cairo, Lenka Miháliková, to discuss opportunities for cooperation in the development of smart cities and…
SCZONE breaks ground on $20m Hi-Tech sportswear factory in West Qantara
Chairperson of the Suez Canal Economic Zone (SCZONE), Walid Gamal El-Din, and Ismailia Governor Akram Galal laid the foundation stone for the Hi-Tech – North Africa sportswear factory—the first Thai…
Opinion | Journalistic Neutrality in Germany: Ideal or Illusion?
During my recent visit to Germany for the Dealing with Disinformation and FIMI program, organized by the German Federal Foreign Ministry, I had the opportunity to engage with representatives from…
Egyptian, Rwandan Foreign Ministers discuss bilateral ties, DR Congo crisis
Egyptian Minister of Foreign Affairs and Emigration, Badr Abdelatty, held a telephone call on Sunday, April 6th, with Rwandan Minister of Foreign Affairs and International Cooperation, Olivier Nduhungirehe. During the…
Egypt’s net international reserves climb to $47.76bn in March 2025: CBE
Egypt’s net international reserves rose to $47.757bn in March 2025, up from $47.393bn in February—an increase of $364m, according to data released Monday by the Central Bank of Egypt (CBE).…
Gold demand drops during Eid al-Fitr, defying holiday trends: FEI official
Ehab Wassef, Head of the Gold and Precious Metals Division at the Federation of Egyptian Industries (FEI), reported an unexpected decline in gold demand during the Eid al-Fitr holiday—contrasting with…
HOTAC hotels reach full occupancy during Eid Al-Fitr holiday
Hotels affiliated with the Holding Company for Tourism and Hotels (HOTAC), under the Ministry of Public Enterprises Sector, achieved near or full occupancy rates during the Eid Al-Fitr holiday, reflecting…
United Bank approves 2024 financial statements, reviews growth, expansion plans
United Bank held its General Assembly meeting under the chairmanship of Omar Mehana, Chairperson of the Board, alongside Ashraf El-Qadi, CEO and Managing Director, with the participation of board members…