Banks operating in Egypt post EGP 218.4bn in net profits in Q1 2026
Banks operating in Egypt recorded combined net profits of EGP 218.410bn during the first quarter (Q1) of 2026, according to a report published on Sunday by the Central Bank of…
Egypt’s digital exports to gain $34m annually from new Coca-Cola HBC facility
Coca-Cola HBC plans to invest an additional $1.28bn in Egypt by 2030 and has inaugurated a new digital centre in Cairo expected to add $34m annually to the country's digital…
Egypt, EY MENA partner to establish regional consulting, IT outsourcing hub, creating 1,000 jobs
Egypt's Ministry of Communications and Information Technology and EY Middle East and North Africa (EY MENA) have signed a memorandum of understanding (MoU) to establish a regional consulting and IT…
CBE issues new rules governing banks’ investments in corporate, securitisation bonds
The Central Bank of Egypt (CBE) has introduced a new package of supervisory regulations governing banks' investments in corporate bonds and securitisation bonds, as part of its ongoing efforts to…
Al Ahly Pharos advises on EGP 2.89bn first securitisation issuance under Capital Securitization’s 19th programme for Tasaheel
Al Ahly Pharos Investment Banking, the investment banking arm of the National Bank of Egypt, announced that it has successfully acted as the financial adviser, lead arranger, underwriter and book-runner…
Egypt coordinates to issue freedom of information law, open media dialogue
Egypt is coordinating to expedite the issuance of a freedom of information law and establish sustainable, off-budget funding for public service media, following presidential directives to open objective media dialogue…
Talaat Moustafa Group second-quarter sales rise 28% to EGP 170bn
Talaat Moustafa Group (TMG) recorded a 28% increase in second-quarter sales to EGP 170bn, up from EGP 133bn a year earlier, driven by demand for its projects across Egypt, Saudi…
Egypt uncovers 18 ancient tombs at Marina El Alamein archaeological site
An Egyptian archaeological mission working at the Marina El Alamein Archaeological Site on Egypt's northwestern Mediterranean coast has uncovered 18 ancient tombs, together with a collection of sarcophagi, surface burials…
Egypt, EU review strategic partnership, regional security and US-Iran diplomacy
Egyptian Foreign Minister Badr Abdelatty and European Commissioner for the Mediterranean Dubravka Šuica reviewed progress in the Egypt-European Union Comprehensive Strategic Partnership and exchanged views on key regional developments, including…
Iran funeral draws millions as Hormuz tensions and diplomacy remain in focus
Iran on Saturday began six days of funeral ceremonies for Supreme Leader Ali Khamenei, with authorities expecting millions of mourners to attend nationwide, while regional diplomacy and tensions over the…