Arab African International Bank posts highest first-half net profit in five years at $202.8m
Arab African International Bank (AAIB) recorded its highest first-half net profit in five years, reaching $202.8m for the first half of 2026, representing a 27% increase compared with the same…
Al Ismaelia, UNESCO and EUE Partner to Bring Youth Artists Programme to Downtown Cairo
Al Ismaelia for Real Estate Investment, UNESCO’s Regional Office for Egypt and Sudan, and European Universities in Egypt (EUE) have partnered to bring the Youth Artists Programme to Downtown Cairo,…
Egypt targets 1.5 million daily rail passengers by 2030, develops 2,250km high-speed network
Egypt is developing a 2,250km high-speed electric rail network, upgrading its 10,000km conventional railway system and targeting a combined capacity of around 4 million daily passengers on railways and high-speed…
FRA discusses proposed roadmap for implementing sustainability disclosure standards
The Financial Regulatory Authority (FRA) held a workshop in cooperation with the European Union and the United Nations Development Programme (UNDP) in Egypt to discuss a draft roadmap for implementing…
SODIC secures EGP 7.5bn CIB facility to finance June North Coast project
SODIC has signed a medium-term facility agreement worth EGP 7.5bn with Commercial International Bank – Egypt (CIB) to finance the development and construction of its June project on the North…
Egypt exports 172,000 tonnes of food products in one week, imports 218,000 tonnes
Egypt exported around 172,000 tonnes of food products through 3,516 consignments between August 22 and 28, 2026, while food imports reached approximately 218,000 tonnes through 1,546 consignments, according to the…
Egypt selected to host UN desertification conference COP18 in 2028
Parties to the United Nations Convention to Combat Desertification have unanimously selected Egypt to host the 18th Conference of the Parties (COP18) in 2028, Egypt’s Foreign Ministry said. The decision…
Egypt orders inspections of canal bridges, agricultural drains following lawmakers’ requests
Egypt’s Water Resources and Irrigation Ministry has ordered field inspections of several bridges over canals and drains to determine whether they require maintenance or replacement, as well as an agricultural…
Egypt orders tighter electricity bill oversight, 72-hour meter replacement
Egypt’s Minister of Electricity and Renewable Energy Mahmoud Esmat has directed electricity distribution companies nationwide to strengthen oversight and auditing of electricity bills, ensure accurate consumption readings, and improve mechanisms…
Qalyubeya opens waste stations with 2,000-tonne daily capacity, vehicle impound facility
Egypt’s Local Development and Environment Ministry and Qalyubeya governorate have opened two waste transfer stations with a combined capacity of 2,000 tonnes per day, along with a new impound facility…