Egypt’s industry minister discusses automotive localisation opportunities with Mercedes-Benz
Egypt’s Minister of Industry Khaled Hashem held an expanded meeting with a delegation from Mercedes-Benz Egypt headed by CEO Stefanie Volz to discuss opportunities to localise automotive manufacturing and expand the…
Agricultural Bank of Egypt launches 3-year savings certificate with returns of up to 16.5%
The Agricultural Bank of Egypt (ABE) has launched a new three-year savings certificate as part of its portfolio of savings products, aimed at providing safe and guaranteed investment instruments with…
Suez Canal Bank, Lucky sign strategic partnership
Suez Canal Bank has signed a strategic partnership agreement with Lucky, a leading financial technology company operating in Egypt and the Middle East, as part of efforts to strengthen financial…
Banking expert answers 10 key questions on inflation, fuel prices, USD, and interest rates
In recent days, questions have circulated widely in economic circles and among the Egyptian public about the state of the economy, particularly after inflation rose in February and fuel prices…
US eases Venezuela sanctions to allow fertiliser exports as Iran war drives up prices
The United States has revised the scope of sanctions relief on Venezuela to facilitate investment and activities related to Venezuelan oil and to allow the export of fertilisers directly to…
Oil prices defy record IEA stockpile release as Iran maintains Hormuz closure
Global oil markets sent a clear signal this week that a massive release of 400 million barrels of stockpiled crude by the United States and its allies is not enough…
Israel plans largest ground invasion of Lebanon since 2006, as Egypt, France diplomatic efforts intensify
Israel is planning a major expansion of its ground operations in Lebanon, targeting the entire area south of the Litani River to dismantle Hizbollah's military infrastructure, Israeli and American officials…
Iran: Mujtaba Khamenei vows to continue attacks on US bases, keep Hormuz closed
New Supreme Leader of Iran Mujtaba Khamenei vowed on Thursday to continue strikes against US military bases in the region and maintain the closure of the Strait of Hormuz, in…
Edita Food Industries Reports Strong FY2025 Results as Net Profit Jumps 72.6%
Edita Food Industries reported a strong financial performance for the fiscal year ending 31 December 2025, with revenues reaching EGP 20.9 billion, marking a 29.5% year-on-year increase, while net profit…
CI Capital, TMG launch EGP 8bn real estate investment fund targeting Madinaty
CI Capital Holding, through its subsidiary CI Capital PE for Fund Management and Investment (CIPE), has partnered with Talaat Moustafa Group (TMG) to launch a new real estate investment fund…