Russia seeks mediator role in Mideast, balancing Iran and Israel ties
For decades, Russia has maintained a delicate balance in the Middle East, managing its relationship with Israel while forging close economic and military ties with Iran. Recent regional developments, however,…
BII, AfDB, EBRD to provide $479.1m for Egypt solar and battery project
A consortium of development banks including British International Investment (BII), the African Development Bank (AfDB) and the European Bank for Reconstruction and Development (EBRD) is providing $479.1m in financing for…
LTRA, Rehla Rides forge public–private partnership for smart transport
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir witnessed the signing of a licensing agreement for Rehla Rides to operate in the field of…
Egyptian government, Elsewedy discuss expanding cooperation in petroleum, mining sectors
Minister of Petroleum and Mineral Resources Karim Badawi met with Ahmed El Sewedy, CEO and Managing Director of Elsewedy Electric, to discuss avenues for expanding joint cooperation in the fields…
Electricity Minister discusses enhanced energy cooperation with EIB, EU delegations
Minister of Electricity and Renewable Energy Mahmoud Esmat held a high-level meeting with Gelsomina Vigliotti, Vice-President of the European Investment Bank (EIB), and Stefano Sannino, Secretary General of the European…
Annual urban inflation rises to 16.8% in May 2025: CBE
Annual urban headline inflation rose sharply to 16.8% in May 2025, up from 13.9% in April, according to data released by the Central Bank of Egypt (CBE). This uptick was…
Egyptian government reviews ICON’s development plan for 7 state-owned hotels
Egypt’s Prime Minister Moustafa Madbouly has reviewed development plans by the Arab Company for Hotel and Tourism Investments (ICON) for seven historic hotels, following the finalisation of a deal valued…
Egypt, Uganda foreign ministers discuss strengthening ties
Egypt's Minister of Foreign Affairs, Badr Abdelatty, and Uganda's Minister of State for Foreign Affairs, Henry Oryem Okello, discussed strengthening bilateral relations and coordinating on issues of mutual interest during…
Divisions on show as G7 tackles Israel-Iran, Russia-Ukraine wars
Leaders of the Group of Seven (G7) industrialised nations will begin their annual talks on Monday, seeking a united front as escalating wars in Ukraine and the Middle East cast…
Banks in Egypt report EGP 152.8bn in net profits for Q1 2025: CBE
Banks operating in the Egyptian market recorded net profits of approximately EGP 152.76bn during the first quarter of 2025, according to a report released by the Central Bank of Egypt…