Trump gives Iran 48-hour ultimatum as fighting intensifies, ceasefire hopes fade
U.S. President Donald Trump said the deadline he had given Iran was close to expiring, warning that Tehran had just 48 hours to reach an agreement or reopen the Strait…
Banque Misr appoints Amr El-Nokaly as Deputy CEO for Business Sectors
Banque Misr has announced the appointment of Amr Mohamed Zaki El-Nokaly as Deputy Chief Executive Officer for Business Sectors. El-Nokaly brings extensive banking experience, most recently serving as Chief Business…
NBE, MSMEDA partner to expand financing for SMEs, entrepreneurship
The National Bank of Egypt (NBE) has signed a cooperation protocol with the Micro, Small and Medium Enterprise Development Agency (MSMEDA), aimed at strengthening joint efforts to support and develop…
Inflation outlook faces rising upside risks: CBE
The Central Bank of Egypt (CBE) has warned that the inflation trajectory and its target of 7% (±2%) for the fourth quarter (Q4) of 2026 are increasingly exposed to upside…
CBE mandates banks to establish dedicated anti-fraud units
The Central Bank of Egypt (CBE) has mandated banks operating in the Egyptian market to establish dedicated anti-fraud departments, which will report directly to the Chief Risk Officer and submit…
Egypt appoints Ambassador Alaa Youssef as head of State Information Service, reconstitutes board
Egyptian President Abdel Fattah al-Sisi has issued a decree reconstituting the board of directors of the State Information Service (SIS), appointing Ambassador Alaa Youssef as the body’s new chairperson, according…
Trump says Iran war could end within weeks as regional escalation intensifies
U.S. President Donald Trump said the United States could bring the war with Iran to an end within two to three weeks, in remarks that underscored ongoing uncertainty in Washington…
Strong expectations for CBE to hold interest rates
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is set to hold its second regular meeting of the year, on Thursday, to decide on key interest…
Al-Sisi underscores commitment to economic reforms, market stability
Egyptian President Abdel Fattah Al-Sisi affirmed on Wednesday that the government will press ahead with fiscal reforms aimed at safeguarding economic stability and accelerating private sector growth, amid the continued…
Tax revenues surge 30.8% in first eight months of FY 2025/26: Finance Ministry
The Ministry of Finance announced that tax revenues rose by 30.8%, equivalent to EGP 380.3bn, during the first eight months of FY 2025/2026, bringing total collections to EGP 1.614trn, compared…