CIB named to Fortune’s ‘Change the World’ list for economic empowerment
Commercial International Bank – Egypt (CIB) has been included in Fortune’s 2026 Change the World list under the Economic Empowerment category, becoming the only bank from Africa and the Middle…
Opinion | Why is the US dollar rising despite improvements in most of Egypt’s economic indicators?
The Egyptian pound has experienced noticeable fluctuations against the US dollar in recent days, reflecting a combination of domestic and global factors, particularly the following six: First: Revenues have improved,…
CBE stress tests show banking sector resilient to severe shocks
The Central Bank of Egypt (CBE) has confirmed that it and the Financial Regulatory Authority (FRA) continuously develop and update stress tests to ensure they reflect existing and emerging risks,…
Russian-Thai Business Council director anticipates “significant increase in trade” ahead of Bangkok investment forum
The opening of the national products pavilion in Thailand will provide Russian manufacturers with comprehensive support in promoting their products on the Thai market," Vladimir Kovalev, Executive Director of the…
Al-Sisi: Egypt’s proposed military effort is to defend Saudi Arabia, not attack Yemen
Egyptian President Abdel Fattah Al-Sisi said on Wednesday that Egypt’s proposed military effort was aimed at defending Saudi Arabian territory and did not include an attack on Yemen, adding that…
Egyptian chemical exports to China surge 678% to $287m in 8 months
Egypt’s exports of chemicals and fertilisers to China surged 678% year on year to $287m during the first eight months of 2026, up from $37m in the same period last…
FRA issues model agreement for brokerage firms, securities borrowers
The Financial Regulatory Authority (FRA), chaired by Islam Azzam, has issued a model agreement governing the relationship between brokerage firms and clients borrowing securities for sale, marking another step towards…
Egypt plans major housing programme covering rental, middle-income units: Madbouly
Egypt is preparing to launch a major housing programme covering rental apartments, social housing and projects targeting middle-income households, Prime Minister Mostafa Madbouly said, adding that President Abdel Fattah Al-Sisi…
CBE trains COMESA central banks on climate risk stress testing
The Central Bank of Egypt (CBE) hosted a training programme on incorporating climate risks into micro- and macro-level stress testing for central banks, with the participation of 25 representatives from…
Suez Canal, Hapag-Lloyd discuss expanding transits as services gradually resume
The Suez Canal Authority (SCA) held talks with German shipping company Hapag-Lloyd to strengthen cooperation and increase vessel transits through the canal, as the carrier monitors security developments in the…