Egypt proposes $500bn Africa development initiative as NEPAD chairmanship ends
Egypt has launched a "Team Africa" initiative aimed at mobilising $500bn for approximately 300 developmental projects across the continent, Foreign Minister Badr Abdelatty said on Sunday. Delivering a speech on…
Egypt’s Abdelatty pledges technical support for AfCFTA and continental integration
Egypt’s Foreign Minister Badr Abdelatty on Sunday pledged continued technical support and capacity-building for the African Continental Free Trade Area (AfCFTA) to drive continental economic integration. In a meeting with…
Futures contracts: Diversifying financial instruments and building a competitive, transparent market
The decision by the Financial Regulatory Authority (FRA) to grant the Egyptian Exchange (EGX) a licence to establish and operate a futures exchange marks a pivotal moment in the evolution…
ADIB-Egypt leads Islamic banking market in 2025, reports EGP 12.6bn in net profit
Abu Dhabi Islamic Bank–Egypt (ADIB-Egypt) announced record financial results for 2025, driven by robust performance across all business lines and sustained operational growth. The bank’s annual results showed strong year-on-year…
Record 2025 results, digital leap drive Suez Canal Bank’s growth: CEO El-Maghraby
Akef El-Maghraby, Chief Executive Officer and Managing Director of Suez Canal Bank, said the bank achieved unprecedented financial and operational results in 2025, consolidating its position in Egypt’s banking sector…
Financial institutions upgrade Egypt’s 2026 outlook on EGP, inflation, and growth
International and domestic financial institutions have revised upward their projections for several key Egyptian economic indicators in 2026, most notably the US dollar-Egyptian pound exchange rate, inflation, and economic growth.…
2026: A defining year in Egypt’s shift toward sustainable, production-led growth
The year 2026 marks a decisive turning point in Egypt’s economic trajectory. After several years focused primarily on absorbing the shocks of global and regional turbulence, the economy is entering…
IDB targets broad-based expansion in 2026 following transformational year: CEO Refaie
Hussein Refaie, Chief Executive Officer and Managing Director of the Industrial Development Bank (IDB), said the bank is targeting expansion across all sectors in 2026 as it moves forward with…
2026 to mark pivotal year for SAIB Bank: CEO Naguib
Afdal Naguib, Chief Executive Officer and Managing Director of SAIB Bank, said 2026 will represent a pivotal and transformative year for the bank as it prepares to finalise and launch…
CBE opens 2026 with 100bps rate cut, lowers reserve requirement
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) opened 2026 by cutting key interest rates by 100 basis points and reducing the required reserve ratio (RRR)…