Egypt, France coordinate ahead of UN Ocean Conference to combat plastic pollution
Egypt’s Minister of Environment, Yasmine Fouad, held a virtual meeting on Saturday with French Minister for Ecological Transition, Agnès Pannier-Runacher, to strengthen cooperation ahead of the United Nations Ocean Conference…
Market eyes effects of 1% interest rate cut on savings, loans, and debt securities
The market is gearing up for the reopening of banks tomorrow, Sunday, after their weekly closure, to gauge the impact of the Central Bank of Egypt’s (CBE) recent 1% interest…
Egypt urges regional water cooperation at 5th Baghdad International Water Conference
Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, called for enhanced regional cooperation and responsible management of shared water resources during his keynote address at the 5th Baghdad International…
Israel escalates Gaza offensive as UN warns of war’s ‘cruelest phase’
Israel stepped up its military campaign in the Gaza Strip on Saturday, launching intense airstrikes that flattened residential buildings and signaled preparations for a broader ground assault. Additional Israeli troops…
Egypt’s PM inaugurates new ambulance authority HQ on 123rd anniversary
Egyptian Prime Minister Mostafa Madbouly inaugurated the Egyptian Ambulance Authority's new headquarters in Hadayek October City, coinciding with the 123rd anniversary of Egypt's ambulance services. Madbouly toured the facility, where…
Egypt–African Union trade rises to $9.8bn in 2024
Trade between Egypt and African Union (AU) countries reached $9.8bn in 2024, up from $9.2bn in 2023, marking a 6.5% year-on-year increase, according to the Central Agency for Public Mobilization…
Back-to-back interest rate cuts spur investment, exports: Egyptian business leaders
The Central Bank of Egypt’s (CBE) second consecutive interest rate cut is fueling optimism among investors, with key figures in the business community hailing the move as a strong catalyst…
Al-Wazir inaugurates Golden Avenue garment factory, accelerates industrial development in Minya
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, toured key industrial sites in Minya, highlighting Egypt’s ongoing push to localize manufacturing and expand infrastructure…
Banque Misr, ADCB arrange EGP 1.3bn syndicated loan for Palm Hills’ Casa Cook hotel project
A banking consortium led by Banque Misr, in cooperation with Abu Dhabi Commercial Bank–Egypt (ADCB), has arranged a syndicated loan facility amounting to EGP 1.3bn for the Middle East for…
IDB participates in two Sukuk issuances worth EGP 500m
The Industrial Development Bank (IDB) has taken part in two significant Sukuk issuances during the first half of 2025, with a total contribution of EGP 500m, further expanding its presence…