Egypt to penalize bakeries delaying subsidized bread cost payments
The General Authority for Supply Commodities (GASC) in Egypt has announced it will penalize subsidized bakeries operating with natural gas that fail to pay the differences in bread production costs…
Over 100,000 users benefit from Egypt’s Mental Health, Addiction Treatment platform
The Ministry of Health and Population in Egypt has announced that over 100,000 individuals have accessed the electronic platform of the General Secretariat for Mental Health and Addiction Treatment since…
Egyptian Foreign Minister, Benin counterpart discusses bilateral ties
Egypt's Minister of Foreign Affairs and Immigration, Badr Abdelatty, spoke with Olushegun Bakari, Minister of Foreign Affairs of the Republic of Benin, by telephone on March 8, discussing ways to…
OIC backs Egypt’s Gaza reconstruction plan, Abdelatty calls for Palestinian unity
The Organization of Islamic Cooperation (OIC) has adopted a Gaza Reconstruction Plan, urging the international community and financial institutions to provide swift support. The resolution came during an extraordinary session…
France, Germany, Italy, and UK back Egypt’s Gaza reconstruction plan
The foreign ministers of France, Germany, Italy, and the UK expressed their support on Saturday for the Egyptian plan on Gaza, which was endorsed at the emergency summit in Cairo…
FRA raises microfinance loan cap to EGP 266,000
The Financial Regulatory Authority (FRA), under the leadership of Mohamed Farid, has issued two pivotal decisions, No. 17 and 18 of 2025, aimed at addressing economic shifts and furthering the…
22 banks offer EGP 79.2bn in mortgage financing, supporting 599,512 low-income clients as of February 2025
The Social Housing and Mortgage Finance Fund (SHMFF) revealed that 22 banks participating in the low-income mortgage finance initiative have contributed a total of EGP 79.2bn to the programme. This…
Banks in Egypt to offer free account openings with no minimum balance
All banks operating in Egypt will offer free account openings starting Sunday, with no minimum balance requirements as part of a nationwide initiative to promote financial inclusion. This initiative, which…
United Bank achieves record-breaking results, net profits surge 60% to EGP 2.73bn in 2024
United Bank has announced standalone pre-tax profits of EGP 3.61 bn in 2024, a 58% increase from EGP 2.28bn in 2023. Net profits soared to EGP 2.73bn, up from EGP…
Egypt expresses concern over Syrian clashes, calls for for inclusive political process
Egypt has expressed its concern regarding the confrontations in Syrian Governorate of Latakia, which have resulted in a number of casualties and injuries, the Foreign Ministry said on Friday. In…
