SCZONE signs agreement with S. Korea’s H&L for ready-made garments factory in West Qantara with $12m investment
The Suez Canal Economic Zone (SCZONE) signed on Tuesday a contract with H&L Egypt Apparel, a subsidiary of South Korea’s H&L Group, to establish a ready-made and sports garments factory…
Egypt, Lebanon sign MoUs to enhance economic, development cooperation
Egypt and Lebanon have signed several memoranda of understanding (MoUs) to strengthen cooperation and exchange expertise in economic and development policy-making, including two MoUs with Egypt's Ministry of Planning and…
CIB reports record EGP 28.8bn net income for Q3 2025; nine-month profits surge 47% to EGP 62.1bn
Commercial International Bank (CIB) announced Tuesday a consolidated net income of EGP 28.8bn for the third quarter of 2025, bringing its nine-month net income to EGP 62.1bn, or EGP 18.5…
Egypt’s Banque Misr expands into East Africa with new Djibouti subsidiary
Banque Misr has officially inaugurated Banque Misr Djibouti, marking its first Egyptian state-owned banking subsidiary in East Africa. The inauguration ceremony was attended by Hisham Okasha, Chairperson and CEO of…
Opinion | Sharjah Celebrates Mohamed Selmawy: The Power of Words and Political Consciousness
Sharjah’s designation of Mohamed Selmawy as Cultural Personality of the Year transcends a mere personal accolade; it is a profound acknowledgment of a literary architect whose work has not only…
Opinion | Egypt and the Shaping of a New Global Balance: Between the Gaza Truce and Messages of Civilisation
In a world where destruction coexists with hope, and conflict intertwines with the search for peace, Egypt today stands out as a distinctive voice in an era where the sound…
Suez Canal Bank partners with IFC to boost SME financing, advance financial inclusion in Egypt
The International Finance Corporation (IFC) announced on Tuesday a $50m financing package for Suez Canal Bank (SCB) to expand lending to micro, small, and medium-sized enterprises (MSMEs) across Egypt. The…
Egypt launches EGP 200bn sovereign sukuk programme for local market
Egypt's Finance Ministry has launched a new EGP 200bn ($4.2bn) sovereign sukuk programme for the local market, as part of its strategy to diversify its investor base and reduce the…
Palmier Developments launches VERT project in New Sheikh Zayed City
Palmier Developments has announced the launch of its latest mixed-use project, VERT, located in New Sheikh Zayed City, Giza Governorate. Spanning 30 feddans (approximately 126,000 sqm) with a built-up area…
Egypt’s development path is human-centred, PM tells Doha social development summit
Egyptian Prime Minister Mostafa Madbouly on Wednesday said that Egypt's development path is based on a clear, human-centred philosophy, enshrined in its 2014 constitution and embodied in its Vision 2030…