China anticipates 5% growth, surpassing World Bank, IMF forecasts
The Chinese government’s work report for 2024 sets an ambitious 5% economic growth target, surpassing not only previous forecasts by the IMF and World Bank but also the projected growth…
EU allocates €7.4bn financial package for Egypt spanning 2024-2027
The EU has elevated its cooperation with Egypt to a Strategic and Comprehensive Partnership. In support of this, the EU proposed a €7.4bn financial and investment package for Egypt spanning…
Egypt-EU summit elevates cooperation to ‘strategic partnership’
The Egypt-EU Summit commenced in Cairo on Sunday, with Egyptian President Abdel Fattah Al-Sisi hosting dignitaries at the Ittihadya Palace, including the President of the European Commission, the Prime Minister…
Russians in Egypt vote in Presidential Election
The Russian presidential elections are underway at the Russian Embassy in Cairo on Sunday, with four contenders vying for the position: the incumbent Russian President Vladimir Putin, Leonid Slutsky of…
CIB Foundation contributes EGP 40m to Ahl Masr Trauma, Burn Hospital
As diamond sponsor, CIB Foundation plays pivotal role in hospital’s inauguration, attended by Ezz Al-Arab, various ministers, and notable public figures
Suez Canal Bank opens new branch at 6th of October University
Inauguration of bank’s branch comes within its plan to expand, target promising areas to support projects of all kinds: Rifai
25k vehicles released from ports to Egyptian expats under tax-free import initiative: Finance Minister
Ministry issues 250k import approvals valid for 5 years
Gold prices in local market decline by EGP 320 over last week
Local gold prices saw a significant decline last week due to a gradual decrease in the dollar exchange rate at official banks and the near disappearance of the parallel market.…
Islamic Sukuk: Financial solution for economic growth, endorsed by FRA
The Financial Regulatory Authority (FRA), in collaboration with the Islamic Corporation for the Development of the Private Sector (ICD), the Ministry of Planning and Economic Development, and the Islamic Development…
Market capitalisation of Arab stock exchanges surpasses $4.5trn in February
The market capitalisation of Arab stock exchanges witnessed an increase to approximately $4.54trn in February, up from around $4.4trn in January, as reported by the Arab Monetary Fund (AMF). The…