Egypt’s GDP growth rate records 4.3% in the second quarter of FY 2024/2025
Egypt’s GDP growth rate continued to recover during Q2 FY 2024/2025, recording 4.3%, up from 2.3% in the same quarter of the previous fiscal year. This growth is driven by…
TikTok Emerges as a New Tool for Travel Planning
TikTok is transforming the way people plan their travel, moving beyond entertainment to become a powerful platform for discovery. From local hidden gems to global destinations, users are increasingly turning…
Egypt’s Instapay to charge transfer fees ranging from EGP 0.5-20
Egypt's instant payment network will begin charging fees ranging from 50 piastres to EGP 20 on transfers made through its "Instapay" application starting April 1st. The service will also limit…
Egyptian Parliament approves EBRD expansion into Sub-Saharan Africa and Iraq
The Egyptian House of Representatives has approved an amendment to the European Bank for Reconstruction and Development's (EBRD) establishment agreement, paving the way for the bank to expand its operations…
WE, CIB forge strategic partnership to deliver cutting-edge digital financial services
Egyptian telecommunications and IT services provider WE has entered into a strategic partnership with the Commercial International Bank (CIB), Egypt's largest private-sector bank, through the signing of a memorandum of…
Housing Minister discusses strategic collaboration with HDB on upcoming projects
Sherif El-Sherbiny, Minister of Housing, Utilities, and Urban Communities, recently met with Hassan Ghanem, CEO and Managing Director of the Housing and Development Bank (HDB), alongside other bank officials, to…
Ministers of Industry, Investment discuss advancing Egypt’s iron, steel sector
Kamel Al-Wazir, Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, and Hassan El-Khatib, Minister of Investment and Foreign Trade, recently met with Ayman El-Ashry, President…
Al-Wazir, French ambassador discuss construction timeline for Alstom’s industrial complex in Borg El Arab
Kamel Al-Wazir, Egypt's Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, recently met with French Ambassador to Cairo Eric Chevalier, joined by senior officials from Egypt’s…
Israel continues airstrikes on Gaza as ceasefire talks stall
As Israel’s renewed military operations in Gaza enter their eighth day, Israeli occupation army has maintained intense airstrikes and artillery shelling across the enclave while enforcing a strict blockade and…
Egypt advances human development strategy with emphasis on health, education
Khaled Abdel Ghaffar, Egypt’s Deputy Prime Minister and Minister of Health and Population, recently chaired the third meeting of the High Advisory Committee for Human Development, as part of the…
