Banque Misr, Suez Canal Bank, and Al Baraka alliance secures $108m financing for MAFI
A banking alliance led by Banque Misr, alongside Suez Canal Bank and Al Baraka Bank–Egypt, has successfully secured long-term joint financing of $108m for MAFI for Agricultural Produce Industries. This…
Egypt, Eritrea, Somalia meet to discuss regional security
The foreign ministers of Egypt, Eritrea, and Somalia convened in Cairo on Saturday to discuss regional security and cooperation, according to a statement released by the Egyptian Ministry of Foreign…
Egypt’s Cabinet approves maritime transport, harbor cooperation agreement with Oman
The Egyptian Cabinet has approved a draft presidential decree regarding a cooperation agreement in the field of maritime transport and ports between the governments of the Arab Republic of Egypt…
Canada, the 51st state? Eliminating interprovincial trade barriers could ward off Donald Trump
The Conversation — Donald Trump is threatening to use “economic force” to make Canada the 51st American state. While his comments may be reckless, they are in part due to…
Israeli airstrikes kill 51 Palestinians in Gaza, increasing death toll from aggression to 45,936
The Ministry of Health in Gaza reported on Wednesday that Israeli forces carried out six massacres in the past 24 hours, resulting in the deaths of 51 Palestinians and leaving…
Egypt, trade hits $1.5bn with Greece, $217m in with Cyprus
The Central Agency for Public Mobilization and Statistics has reported that trade between Egypt and Greece reached $1.5bn during the first 11 months of 2024, a decrease from the $1.8bn…
Al-Sisi highlights strategic cooperation between Egypt, Cyprus, and Greece at tripartite summit
Egypt’s President Abdel Fattah Al-Sisi underscored the importance of the robust cooperation between Egypt, Cyprus, and Greece, emphasizing that their growing ties serve as a model for integrated regional collaboration.…
EU parliament chief visits Egypt for talks on financial assistance, Middle East geopolitics
Roberta Metsola, President of the European Parliament, is set to visit Egypt on 8-9 January for high-level discussions aimed at further strengthening relations between the European Union (EU) and Egypt.…
Egypt’s October 2024 trade deficit drops by 16%
The Central Agency for Public Mobilization and Statistics (CAPMAS) has released its monthly Foreign Trade Data for October 2024, revealing a 16% decrease in the trade deficit compared to the…
Financial soundness indicators highlight resilience of Egypt’s banking sector: CBE
The Central Bank of Egypt (CBE) has confirmed that the latest Financial Soundness Indicators (FSIs) reflect the resilience and robustness of the country’s banking sector, which continues to serve as…