Emirates NBD to buy HSBC Egypt retail business; HSBC expects $0.3bn gain
Emirates NBD Egypt S.A.E. has entered into definitive agreements to acquire the retail banking business of HSBC Bank Egypt S.A.E. in a transaction expected to generate an estimated pre-tax gain…
LNG tanker carrying Qatari cargo struck in Strait of Hormuz as Mideast conflict drives oil rally
A liquefied natural gas (LNG) tanker carrying a Qatari cargo was struck by a projectile while traversing the Strait of Hormuz, threatening super-chilled fuel supplies and driving oil prices to…
Egypt, Uganda discuss trade, Nile cooperation, and regional security
Egyptian Foreign Minister Badr Abdelatty met Ugandan President Yoweri Museveni in Kampala last Friday to discuss strengthening bilateral relations and coordinating positions on regional issues, on the sidelines of the…
Middle East tensions deepen as US warns of potential ‘unexpected escalation’
Egyptian President Abdel Fattah Al-Sisi and French President Emmanuel Macron discussed efforts to ease tensions in the Middle East on Saturday, as the United States warned its citizens of the…
FRA expands financial literacy programmes through student training initiatives
Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), reaffirmed the Authority's commitment to expanding financial literacy and awareness programmes by bridging the gap between academic knowledge and practical experience…
Egypt to launch 5,000 rent-to-own housing units in 25 new cities
Egypt's Ministry of Housing, Utilities and Urban Communities is preparing to launch around 5,000 fully completed housing units under a rent-to-own scheme across 25 new cities within the next month,…
Industry ministry urges factories to join digital Manufacturers Support Platform
Egypt's Ministry of Industry has called on manufacturers across the country to register on the Manufacturers Support Platform, a digital initiative designed to strengthen communication with industrial enterprises and provide…
Egypt, Bulgaria discuss expanding industrial cooperation
Salah Gomblat, Minister of State for Military Production, met with Bulgaria's Ambassador to Egypt, Dian Katrachev, to discuss ways of strengthening bilateral cooperation, saying Egyptian-Bulgarian relations continue to deepen with…
Nelly Kids Fashion 2026 to welcome 800 buyers from 14 countries to drive Egypt’s children’s wear exports
Nelly Kids Fashion 2026 is set to bring together 800 international buyers from 14 countries as Egypt seeks to boost children's apparel exports and expand the global reach of its…
US and Japan execute coordinated intervention to rescue beleaguered yen
The United States and Japan have executed a highly coordinated intervention to rescue the beleaguered yen, driving the currency to its highest level since early May following direct market purchases…