Al-Sisi, CIA Director discuss efforts to address Israeli aggression on Gaza
In a significant meeting on Sunday, Egypt’s President Abdel Fattah Al-Sisi convened with William Burns, the Director of the U.S. Central Intelligence Agency (CIA), and Abbas Kamel, the Director of…
Madinet Masr Launches Corporate Social Responsibilty Initiatives with The Egyptian Food Bank To Distribute Over 10,000 Ramadan Packages and Al Joud Foundation to Prepare Over 30,000 Iftar Meals with two Maedet Al-Rahman in Taj City & Sarari
Madinet Masr believes in the importance of social solidarity and keenness to support the Egyptian society, especially during the holy month of Ramadan, to alleviate the burdens on Egyptian families.
Egypt raises private sector’s minimum wage to 6000 EGP effective May 2024
Egypt's National Wages Council (NWC) has announced a significant hike in the minimum wage to EGP 6000, set to take effect from May 2024. The decision, aimed at bolstering the…
Eid in Egypt: A Journey through Time and Tradition
As Eid Al-Fitr’s festive spirit envelops Egypt, countless Egyptians look forward to a well-earned holiday, eager to discover the myriad charms within their nation’s borders. Egypt’s tapestry of historical wonders,…
MSMEDA, Kredit ink EGP 100m financing deal for SMEs
Loans will range from minimum of EGP 500,000 to maximum of EGP 5m per project
MID Bank increases interest rates on triple certificates
Bank keen on providing various savings vessels to attract new customers: Shahin
Al Baraka Bank elevates interest rates, introduces triple certificate with 22% annual yield
Al Baraka Bank has announced an increase in interest rates across various account types and introduced a new triple certificate with a 22% annual yield, paid out monthly. This initiative…
CBE launches ‘Women for Women in FinTech’ initiative
Six-month initiative to empower female entrepreneurs through embedded finance programmes
Sinai Manganese resumes production with revitalised furnaces
Sinai Manganese Company (SMC), a pioneering and leading manganese ore producer in Egypt, located in Abu Zenima, South Sinai, has reignited its alloy factory furnaces. This marks a significant return…
37.2% decrease in Egypt’s trade deficit during January 2024
Egypt’s trade deficit saw a significant reduction of 37.2% in January 2024, as reported by the Central Agency for Public Mobilization and Statistics (CAPMAS). The deficit amounted to $2.08bn, a…