Egypt achieves record primary budget surplus of EGP 629bn despite sharp fall in Suez Canal revenues
Egypt recorded its highest-ever primary budget surplus in fiscal year 2024/2025, reaching EGP 629bn ($13.2bn), equivalent to 3.6% of GDP, the presidency announced on Saturday. The figure represents an 80%…
Egypt recovers collection of ancient artefacts from Netherlands
Egypt has received a collection of rare artefacts from the Netherlands, dating back to different eras of ancient Egyptian civilisation, as part of ongoing international cooperation to combat the illicit…
Escalation in Gaza, West Bank as Israeli strikes continue amid mounting international criticism
The armed wings of Palestine’s Hamas and Islamic Jihad movements said on Saturday they had shelled Israeli military command posts in the Gaza Strip, as tensions on the ground escalated…
Egypt lands Coral Bridge submarine cable, establishing first direct digital link with Jordan in 25 years
Egypt’s Minister of Communications and Information Technology Amr Talaat met on Saturday with Jordan’s Minister of Digital Economy and Entrepreneurship Sami Smeirat and South Sinai Governor Khaled Mubarak, via video…
Resumption of production at El Nasr marks strategic step towards localising automotive industry: El-Shimy
Mohamed El-Shimy, Minister of Public Enterprise Sector, affirmed that the resumption of production at El Nasr Automotive Company sends a strong message of the state’s commitment to preserving its assets,…
Egypt, UNDP discuss outcomes of joint projects, future environmental cooperation
Manal Awad, Egypt’s Minister of Local Development and Acting Minister of Environment, has met with Ghimar Deeb, Deputy Resident Representative of the United Nations Development Programme (UNDP) in Egypt, to…
Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures
Egypt’s Ministry of Water Resources and Irrigation announced on Saturday that water harvesting and flood protection structures in the Sinai Peninsula successfully captured around 315,000 cubic metres of rainwater during…
United Bank achieves EGP 1.51bn net profit in H1 2025, up 26.9% year-on-year
United Bank reported a net profit of EGP 1.508bn for the first half (H1) of 2025, compared to EGP 1.188bn in H1 2024, marking a year-on-year growth of 26.9%. Pre-tax…
ADIB Egypt reports EGP 8.4bn profits in June 2025
Abu Dhabi Islamic Bank–Egypt (ADIB Egypt) announced strong financial results for the first half of 2025, with consolidated financial statements showing pre-tax profits of EGP 8.428bn in June, compared to…
Saib posts $16.86m net profit in H1 2025
Saib reported a net profit of $16.863m for the first half (H1) of 2025, compared to $20.546m in the same period of 2024. The bank’s total profit stood at $25.264m,…