Famine, renewed violence deepen Sudan’s humanitarian catastrophe
Sudan is plunging deeper into a humanitarian disaster as widespread famine, escalating violence, and mass displacement continue to ravage the country. With millions of civilians stranded in besieged cities and…
NBE grants Ora Developers Egypt EGP 3bn long-term financing for Solana West project
The National Bank of Egypt (NBE) has signed a long-term financing agreement worth EGP 3bn with Ora Developers Egypt to help fund part of the investment cost for Solana West,…
Egypt launches new cancer pharmaceuticals sector to boost drug industry localization
Egypt’s Health Minister Khaled Abdel Ghaffar announced on Tuesday the launch of the new Eva Pharma Oncology and Hematology Division, marking a significant milestone in the country’s efforts to localize…
GCF approves $50m for climate-tech investments in Egypt
Egypt’s Acting Environment Minister, Manal Awad, announced that the Green Climate Fund (GCF) Board has approved $50m for climate-tech investments in Egypt. This funding is part of the Novastar Investment…
SCZONE signs agreement with S. Korea’s H&L for ready-made garments factory in West Qantara with $12m investment
The Suez Canal Economic Zone (SCZONE) signed on Tuesday a contract with H&L Egypt Apparel, a subsidiary of South Korea’s H&L Group, to establish a ready-made and sports garments factory…
Egypt, Lebanon sign MoUs to enhance economic, development cooperation
Egypt and Lebanon have signed several memoranda of understanding (MoUs) to strengthen cooperation and exchange expertise in economic and development policy-making, including two MoUs with Egypt's Ministry of Planning and…
CIB reports record EGP 28.8bn net income for Q3 2025; nine-month profits surge 47% to EGP 62.1bn
Commercial International Bank (CIB) announced Tuesday a consolidated net income of EGP 28.8bn for the third quarter of 2025, bringing its nine-month net income to EGP 62.1bn, or EGP 18.5…
Egypt’s Banque Misr expands into East Africa with new Djibouti subsidiary
Banque Misr has officially inaugurated Banque Misr Djibouti, marking its first Egyptian state-owned banking subsidiary in East Africa. The inauguration ceremony was attended by Hisham Okasha, Chairperson and CEO of…
Opinion | Sharjah Celebrates Mohamed Selmawy: The Power of Words and Political Consciousness
Sharjah’s designation of Mohamed Selmawy as Cultural Personality of the Year transcends a mere personal accolade; it is a profound acknowledgment of a literary architect whose work has not only…
Opinion | Egypt and the Shaping of a New Global Balance: Between the Gaza Truce and Messages of Civilisation
In a world where destruction coexists with hope, and conflict intertwines with the search for peace, Egypt today stands out as a distinctive voice in an era where the sound…
