FRA completes first carbon footprint measurement for 2024
The Financial Regulatory Authority (FRA), chaired by Mohamed Farid, has completed measuring its carbon footprint for 2024 for the first time, issuing a dedicated report as part of its annual…
Revival of Continental Hotel part of Khedivial Cairo development, maximising heritage assets: El-Shimy
Mohamed El-Shimy, Minister of Public Enterprises Sector, conducted an inspection visit on Saturday morning to the project reviving the historic Continental Hotel in Opera Square, Downtown Cairo. The property, owned…
Petroleum Minister discusses development of Iqat gold mine to place it on global map
Petroleum and Mineral Resources Minister Karim Badawi held talks with Sherine Helmy, CEO of Wealth and Resources Mining Company— the contractor operating the Iqat gold mine in Egypt’s Eastern Desert…
Should Egypt aim for stronger EGP or focus on sustaining foreign currency inflows?
In April, the Egyptian pound lost a significant portion of its value, hitting a record low of EGP 51.73 against the US dollar after portfolio investments exited emerging markets amid…
CBE reports surge in financial inclusion, reaching 76.3% by June 2025
The Central Bank of Egypt (CBE) has announced a notable rise in financial inclusion rates, with 76.3% of Egyptians aged 15 and above now owning and actively using accounts that…
CBE expands banking reach with new service unit regulations
The Central Bank of Egypt (CBE) has issued new regulations permitting banks to establish service units outside their traditional branches, in a move designed to expand geographical coverage and guarantee…
Egypt advances plans to upgrade historic Cairo with Azbakeya, Ataba projects
Egyptian Prime Minister Mostafa Madbouly on Saturday inspected the progress of several major development projects in historic Cairo, including the completed revival of the heritage Azbakeya Garden and the ongoing…
Egypt’s FM vows full support for UNRWA amid Gaza crisis, Israeli pressure
Egyptian Foreign Minister Badr Abdelatty on Saturday affirmed Egypt's full and continued support for the "indispensable" role of the UN agency for Palestinian refugees (UNRWA) and condemned Israeli legislation aimed…
China’s Fujian province to host investment seminar for 6 BRI nations
The International Economic Cooperation Center of Fujian Province will host a seminar for officials from six Belt and Road Initiative (BRI) countries starting on Sept. 10, aimed at enhancing their…
EFG Hermes raises TMG share price target to EGP 130
Investment bank EFG Hermes has reiterated its "buy" recommendation for the shares of Talaat Moustafa Group Holding (TMG), raising its target price for the stock to EGP 130 ($2.71) from…