Ministerial coordination underway to ensure effective implementation of Startup Charter goals: Deputy PM
Hussein Eissa, Egypt’s Deputy Prime Minister for Economic Affairs, said ongoing coordination and integration among members of the ministerial entrepreneurship group are aimed at ensuring the effective implementation of the…
Saib announces EGP 835.8m profits in Q1 2026
Saib Bank announced its financial results for the first quarter (Q1) of 2026, posting profits before provisions and taxes of EGP 835.8m, with net profit reaching EGP 222m in March.…
Suez Canal Bank reports 25% rise in Q1 2026 net profit to EGP 1.6bn: CEO
Akef El Maghraby, CEO and Managing Director of Suez Canal Bank, said the bank is continuing its growth trajectory and reinforcing its position among Egypt’s leading banks, supported by a…
Banque du Caire posts 16% rise in Q1 2026 net profit to EGP 4bn
Banque du Caire reported strong financial performance during the first quarter (Q1) of 2026, with net profit after tax rising 16% year-on-year to EGP 4bn, compared with EGP 3.4bn in…
Egypt steps up preparations to host 33rd Afreximbank Annual Meetings in Alamein
Central Bank of Egypt (CBE) Governor Hassan Abdalla and African Export-Import Bank (Afreximbank) President and Chairperson George Elombi have held a press briefing at the CBE headquarters ahead of the…
Iranian tankers use ‘unprecedented’ evasion methods to bypass US Gulf blockade
Iranian oil shipments are successfully bypassing a vast US naval blockade in the Gulf of Oman, utilising highly complex evasion tactics to continue supplying China despite an "unprecedented" level of…
Trump suspends $14bn Taiwan arms sale as ‘bargaining chip’, warns Taipei against independence bids
US President Donald Trump announced he has suspended a proposed $14bn arms sale to Taiwan, describing the package as a "very strong bargaining chip" in his negotiations with Chinese President…
Egypt, Eritrea sign maritime transport pact, declare Red Sea security exclusive to littoral states
Egypt and Eritrea signed a maritime transport cooperation agreement on Saturday to launch a shipping line connecting their ports, as Cairo declared that the security of the Red Sea remains…
Egypt advances draft law to establish new family support fund covering unpaid alimony
Egypt's cabinet has approved a draft law establishing the "Takaful Fund to Support the Egyptian Family," a state-backed entity designed to execute unpaid alimony and child support judgments, including school…
Government confirms plans to list four military-owned companies on Egyptian Exchange
The government confirmed its commitment to list several Armed Forces-affiliated companies on the Egyptian Exchange (EGX), including National Company for the Sale and Distribution of Petroleum Products (Wataniya), Silo Foods,…