Egypt to launch dedicated investment fund for Egyptians abroad in 2027: Finance minister
Minister of Finance Ahmed Kouchouk has announced that the government will launch a dedicated investment fund for Egyptians living abroad next year, offering a range of investment instruments tailored specifically…
CBE, foreign ministry launch ‘Update Your KYC in Egypt’ initiative for Egyptian expats
The Central Bank of Egypt (CBE) and the Ministry of Foreign Affairs have launched the "Update Your KYC in Egypt" initiative, enabling Egyptians working abroad to update their banking information…
Egypt expands healthcare services for expatriates as local industry meets 91% of medicine demand
Egypt is expanding healthcare services for its citizens living abroad during their visits to the country, while seeking greater engagement from Egyptian doctors and medical specialists based overseas, Minister of…
Egyptian remittances are among our key sources of foreign currency: PM Madbouly
Egypt's Prime Minister Mostafa Madbouly said remittances and investments from Egyptians living abroad are among the country's most important sources of foreign currency, playing a vital role in strengthening the…
Emirates NBD to buy HSBC Egypt retail business; HSBC expects $0.3bn gain
Emirates NBD Egypt S.A.E. has entered into definitive agreements to acquire the retail banking business of HSBC Bank Egypt S.A.E. in a transaction expected to generate an estimated pre-tax gain…
LNG tanker carrying Qatari cargo struck in Strait of Hormuz as Mideast conflict drives oil rally
A liquefied natural gas (LNG) tanker carrying a Qatari cargo was struck by a projectile while traversing the Strait of Hormuz, threatening super-chilled fuel supplies and driving oil prices to…
Egypt, Uganda discuss trade, Nile cooperation, and regional security
Egyptian Foreign Minister Badr Abdelatty met Ugandan President Yoweri Museveni in Kampala last Friday to discuss strengthening bilateral relations and coordinating positions on regional issues, on the sidelines of the…
Middle East tensions deepen as US warns of potential ‘unexpected escalation’
Egyptian President Abdel Fattah Al-Sisi and French President Emmanuel Macron discussed efforts to ease tensions in the Middle East on Saturday, as the United States warned its citizens of the…
FRA expands financial literacy programmes through student training initiatives
Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), reaffirmed the Authority's commitment to expanding financial literacy and awareness programmes by bridging the gap between academic knowledge and practical experience…
Egypt to launch 5,000 rent-to-own housing units in 25 new cities
Egypt's Ministry of Housing, Utilities and Urban Communities is preparing to launch around 5,000 fully completed housing units under a rent-to-own scheme across 25 new cities within the next month,…