United Bank reports over EGP 1bn in profits for Q1 2025
United Bank has reported standalone pre-tax profits of EGP 1.013bn for the first quarter (Q1) of 2025, achieving a 59% increase compared to the same period in 2024. CEO and…
CIB partners with Lantern Ventures to boost SME growth
The Commercial International Bank (CIB) has entered into a strategic partnership with Lantern Ventures, a leading Egyptian investment portfolio management firm known for its active role in supporting start-ups and…
CBE cuts rates by 1% as inflation pressures ease, growth rebounds
The Central Bank of Egypt (CBE)’s Monetary Policy Committee (MPC) decided last Thursday to cut its key interest rates by 1 percentage point, lowering the overnight deposit rate to 24%,…
Germany, Hong Kong universities eye US talent amidst Trump’s Harvard criticism
Universities in Asia and Europe are hoping that recent criticism of Harvard University by US President Donald Trump, and broader pressures on US academia, will give them an advantage in…
US eases Syria sanctions; Damascus welcomes move
The United States administration under President Donald Trump on Friday granted Syria comprehensive exemptions from US sanctions, a development aimed at fulfilling a pledge to lift decades-old restrictions on the…
Opinion | INDIA AND EGYPT UNITED AGAINST TERRORISM: A PERSPECTIVE ON THE PAHALGAM ATTACK AND OPERATION SINDOOR
The Pahalgam Attack: A Brutal Act of Terror On April 22, 2025, the serene tourist destination of Pahalgam in India's Jammu and Kashmir was shattered by violence when armed terrorists…
China’s inbound tourism continues heating up amid improving environment
China's inbound tourism has maintained strong momentum, with a sharp rise in both international arrivals and visitor spending, buoyed by streamlined visa policies and an improved travel environment, according to…
“China Travel” trending amid visa, tax policy boost
China's optimized visa and tax refund policies have given a boost to inbound tourism, fueling the trending of "China Travel" globally, officials said. Speaking on the latest episode of China…
Saudi Group Developments unveils EGP 3bn Valea project in West Cairo
Saudi Group Developments has officially launched Valea, a new mixed-use residential project in Sheikh Zayed City, West Cairo, with a total investment of EGP 3bn. The development is a strategic…
Al-Sisi calls for private sector partnership to boost Egypt’s agriculture, livestock
Egyptian President Abdel Fattah Al-Sisi on Wednesday urged stronger collaboration between the government, private sector, and local communities to revitalize the country’s agriculture, livestock, and fisheries sectors—key drivers of food…
