CPME shareholders approve EGP 2.8bn acquisition of Qardy, Catalyst Partners Holding
Catalyst Partners Middle East (CPME), Egypt's first licensed Special Purpose Acquisition Company (SPAC), said its shareholders have approved the acquisition of two financial services firms in a share-swap deal valued…
Egypt’s Al-Sisi meets Rosatom chief as new Dabaa plant deals are signed
Egyptian President Abdel Fattah Al-Sisi met with the head of Russia's state atomic energy corporation Rosatom on Tuesday in the city of New Alamein to discuss developments on the Dabaa…
How the Ramses Central Fire Disrupted Egypt’s Internet, Stock Exchange, and Banking Sectors
Flames in a historic telecom hub sent shockwaves through vital pillars of the Egyptian economy
Egypt, UNDP discuss expanded cooperation on medical waste management, human development
Egypt’s Minister of Health and Population, Khaled Abdel Ghaffar, met with Alessandro Fracassetti, the United Nations Development Programme’s (UNDP) Resident Representative in Egypt, to explore avenues for deepening cooperation—particularly in…
Egypt to issue EGP 2.36trn in local debt instruments in Q1 of FY2025/2026
The Egyptian government plans to issue EGP 2.36trn in local debt instruments during the first quarter of fiscal year 2025/2026 to cover maturing obligations and finance the state budget deficit.…
Egypt, Somalia leaders discuss strategic partnership, counterterrorism in New Alamein
Egyptian President Abdel Fattah Al-Sisi met on Monday with Somali President Hassan Sheikh Mohamud in the coastal city of New Alamein during an official visit focused on deepening bilateral ties…
Egypt’s net international reserves rise to $48.7bn in June 2025
The Central Bank of Egypt (CBE) announced that the country’s net international reserves increased to $48.7bn in June 2025, up from $48.526bn in May—an uptick of approximately $174m. In a…
Opinion | Egypt’s Strategic Dilemma: Sovereignty, Diversification, and the $7.5bn Offer
The recent offer from the United States—$7.5bn in military modernization aid in exchange for guaranteed free passage through the Suez Canal—has placed Egypt at a crossroads. This proposal comes amid…
11 new wells to produce 160 billion cubic feet of natural gas: Petroleum Ministry
The Ministry of Petroleum and Mineral Resources has launched an integrated programme to drill 11 new wells, expected to yield approximately 160 billion cubic feet of natural gas. The project…
CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan
The Commercial International Bank (CIB) Egypt has signed a mid-term financing agreement worth EGP 963m with OSL for Entertainment Projects (OSL), a subsidiary of Orascom Investment Holding, to support the…