14 countries account for 68.3% of Egypt’s foreign trade: CBE
The Central Bank of Egypt (CBE) announced that trade exchange between Egypt and its 14 main trading partners—representing 68.3% of the country’s total foreign trade—stood at $66.836bn during the first…
Balancing monetary policies supports keeping interest rates unchanged in October
Monetary policy plays a central role in steering economic performance and is one of the most effective tools for achieving financial stability and sustainable growth. By activating monetary policy tools—particularly…
ABE signs protocol with Germany’s GIZ to advance sustainable financing for SMEs
The Agricultural Bank of Egypt (ABE) has signed a cooperation protocol with the German Agency for International Cooperation (GIZ) and IPC Consulting to establish the foundations of sustainable finance. The…
NBE signs cooperation protocol with Plan International to boost SMEs, microenterprises
The National Bank of Egypt (NBE) has signed a cooperation protocol with Plan International Egypt to launch a comprehensive partnership aimed at supporting and developing the small, medium, and microenterprise…
United Bank revives 25 troubled factories across key sectors
The United Bank has announced the successful revival of 25 troubled factories in industries including agriculture, fertilisers, animal feed, and glass manufacturing, after years of inactivity. The move comes as…
Egypt’s Sisi says he won’t ‘gamble with the lives of Egyptians’ to force Gaza aid
Egyptian President Abdel Fattah Al-Sisi on Thursday said that Egypt would not risk the lives of its people in military conflicts under the pretext of delivering aid to Gaza, stressing…
Korea, Egypt sign $10m agreement to enhance green automotive training
South Korea and Egypt on Wednesday signed a $10m grant agreement to enhance vocational training in electric vehicle (EV) and compressed natural gas (CNG) technologies, a project that coincides with…
Cairo to Host AFAA Conference on IFRS S1 Sustainability Disclosure Standards
CAIRO, EGYPT – The Arab Federation of Accountants and Auditors (AFAA), a key regional body affiliated with the Council of Arab Economic Unity of the League of Arab States, will host…
CBE reports EGP 40.3bn in net profit for August 2025
The Central Bank of Egypt (CBE) recorded net profits of EGP 40.346bn in August 2025, a significant increase from EGP 12.331bn in July, according to the bank’s latest financial statements.…
Cairo ties Gaza security plans to comprehensive political settlement
Cairo has signaled conditional openness to discussing the disarmament of Hamas and the potential deployment of an international force in the Gaza Strip — but emphasized that any such measures…