CENTCOM targets Iranian ‘shadow fleet’ tankers after missile attacks on US warships
US forces destroyed or permanently disabled three Iranian oil tankers on Saturday in retaliation for ballistic missile attacks on American warships, a move that has driven Middle East crude prices…
Egyptian banking sector net foreign assets rise to $28.418bn in July 2026: CBE
The Central Bank of Egypt (CBE) said the banking sector’s net foreign assets rose to $28.418bn in July 2026, equivalent to EGP 1.454trn, compared with $27.965bn, equivalent to EGP 1.378trn,…
Cairo calls for resumption of US-Iran talks, warns against wider regional escalation
Cairo called for the resumption of negotiations between the United States and Iran based on the Islamabad memorandum of understanding, warning against a wider regional confrontation and the impact of…
Al-Sisi orders Cairo greening project as historic districts undergo restoration
Egyptian President Abdel Fattah Al-Sisi has ordered a Cairo greening project that would turn vacated spaces across the capital into green areas, alongside ongoing efforts to restore historic and Islamic…
NBE’s corporate finance, syndicated loans portfolio reaches EGP 5.5trn in June 2026
The National Bank of Egypt’s (NBE) corporate finance and syndicated loans portfolio recorded steady growth during the current financial year, reflecting the bank’s strong financial position and balanced strategy of…
Trump dismisses Iran conflict as ‘small potatoes’ as US intelligence warns of prolonged escalation
US President Donald Trump downplayed the seven-month conflict with Iran as "small potatoes," even as recent US intelligence assessments warn that Tehran is preparing for a prolonged escalation to pressure…
Russia and Ukraine declare three-day ceasefire as US envoys arrive in Moscow for peace talks
Russian President Vladimir Putin and the Ukrainian Armed Forces have ordered a mutual three-day ceasefire starting midnight Saturday to facilitate peace negotiations, as US envoys Steve Witkoff and Jared Kushner…
HDB conducts cyberattack simulation exercise with Unit 42
The Housing and Development Bank (HDB) has conducted a cyberattack simulation exercise, known as a Tabletop Exercise, in cooperation with Unit 42, a global company specialising in cyberattack simulation and…
CIB launches first Executive Master’s programme in Banking, Credit with AUC
The Commercial International Bank – Egypt (CIB) has signed a strategic memorandum of understanding (MoU) with the American University in Cairo (AUC) to launch the first Executive Master’s programme in…
Historic Korba street to become pedestrian-only after redevelopment
Ibrahim Pasha Street in Cairo’s historic Korba district will become pedestrian-only, with cars barred from entering once redevelopment work is completed, as part of a project to restore building facades,…