Al-Sisi reviews banking sector, calls for boosting foreign reserves
President Abdel Fattah Al-Sisi reviewed the performance of Egypt’s banking sector on Saturday, urging continued efforts to strengthen foreign exchange reserves and secure financing for development projects, the presidency announced.…
Emergency summit in Doha as Gaza toll rises, Israel targets Qatar
Doha will host an emergency Arab-Islamic summit on Monday to address regional developments following an Israeli strike on residential compounds in Qatar, Foreign Ministry spokesperson Majed Al-Ansari announced. Al-Ansari said…
Cairo Fashion & Tex expected to secure $60m in export deals
Cairo Fashion & Tex, the country’s largest textiles and apparel exhibition, is expected to generate at least $60m in export contracts during its 77th edition, which opened under the theme…
Egypt’s EDA, Korean pharma firms explore investment opportunities
The Egyptian Drug Authority (EDA) and leading South Korean pharmaceutical companies have discussed potential investment and partnership opportunities during the 1st Artificial Intelligence for Resilient Infrastructure and Sustainable Engineering Materials…
Comprehensive development plan for Misr Spinning, Weaving & Beida Dyers: El-Shimy
Minister of Public Enterprises Sector Mohamed El-Shimy has announced that Misr Spinning, Weaving & Beida Dyers Co. Kafr El Dawar is undergoing a comprehensive development plan as part of the…
Egypt, Norway’s Scatec explore deeper cooperation in renewable energy
Egypt’s Minister of Electricity and Renewable Energy Mahmoud Essmat held talks with Mohamed Amer, Regional Director of Norway’s Scatec, and his delegation, in the presence of Ahmed Mahmoud, Chairperson of…
New tax facilities to be introduced soon: Finance Minister
Egypt’s Minister of Finance Ahmed Kouchouk announced that a new package of tax facilities will be introduced in the coming period to support the business community, stimulate economic activity, and…
Taly for Digital Payments appoints Tawfik Mahmoud as CEO, Managing Director
Taly for Digital Payments has announced the appointment of Tawfik Mahmoud as Chief Executive Officer and Managing Director, effective August 2025. The move comes as part of Taly’s strategy to…
NBE signs protocol to finance solar energy, irrigation upgrades, and land reclamation
The National Bank of Egypt (NBE) has signed a cooperation protocol with Europe Solar for Electromechanical Contracting and Solar Energy to finance projects in solar energy applications, irrigation system modernisation,…
CIB completes EGP 2.3bn securitization for GlobalCorp in seventh issuance
Commercial International Bank–Egypt (CIB) has completed the seventh securitization issuance for GlobalCorp for Financial Services, with a total value of EGP 2.3bn. The deal marks the fifth collaboration between the…