Egypt explores water hyacinth recycling initiative to empower girls
Egypt’s Ministry of Water Resources and Irrigation is collaborating with the National Council for Childhood and Motherhood and UNICEF to empower girls from vulnerable communities by training them to recycle…
MSMEDA injects EGP 3.1bn in financing in Fayoum in 2025: CEO
The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has injected EGP 3.1bn in financing to support 133,900 projects in Fayoum between July 2014 and December 2025, according to Bassel…
FRA grants preliminary approval for Lumin Soft to join regulatory sandbox
The Financial Regulatory Authority (FRA) has granted preliminary approval to Lumin Soft to join its FinTech Regulatory Sandbox, making it the third company to receive such approval since the sandbox’s…
Egypt’s industry minister discusses automotive localisation opportunities with Mercedes-Benz
Egypt’s Minister of Industry Khaled Hashem held an expanded meeting with a delegation from Mercedes-Benz Egypt headed by CEO Stefanie Volz to discuss opportunities to localise automotive manufacturing and expand the…
Agricultural Bank of Egypt launches 3-year savings certificate with returns of up to 16.5%
The Agricultural Bank of Egypt (ABE) has launched a new three-year savings certificate as part of its portfolio of savings products, aimed at providing safe and guaranteed investment instruments with…
Suez Canal Bank, Lucky sign strategic partnership
Suez Canal Bank has signed a strategic partnership agreement with Lucky, a leading financial technology company operating in Egypt and the Middle East, as part of efforts to strengthen financial…
Banking expert answers 10 key questions on inflation, fuel prices, USD, and interest rates
In recent days, questions have circulated widely in economic circles and among the Egyptian public about the state of the economy, particularly after inflation rose in February and fuel prices…
US eases Venezuela sanctions to allow fertiliser exports as Iran war drives up prices
The United States has revised the scope of sanctions relief on Venezuela to facilitate investment and activities related to Venezuelan oil and to allow the export of fertilisers directly to…
Oil prices defy record IEA stockpile release as Iran maintains Hormuz closure
Global oil markets sent a clear signal this week that a massive release of 400 million barrels of stockpiled crude by the United States and its allies is not enough…
Israel plans largest ground invasion of Lebanon since 2006, as Egypt, France diplomatic efforts intensify
Israel is planning a major expansion of its ground operations in Lebanon, targeting the entire area south of the Litani River to dismantle Hizbollah's military infrastructure, Israeli and American officials…