Hamas frees six Israeli detainees, Tel Aviv delays release of Palestinian prisoners
This morning, Saturday, the Al-Qassam Brigades, the military wing of Hamas, handed over six Israeli detainees as part of the seventh batch in the first phase of the prisoner and…
Egypt, China FMs discuss strengthening bilateral relations, regional issues
Egypt’s Minister of Foreign Affairs, Badr Abdelatty, held a phone call with his Chinese counterpart, Wang Yi, to discuss the strengthening of bilateral relations and the latest developments in the…
Egypt’s Housing Ministry unveils ‘Your Home in Egypt’ initiative for expats
The Ministry of Housing, Utilities, and Urban Communities has officially launched the Your Home in Egypt initiative, which provides Egyptian expatriates with the opportunity to purchase residential units in 12…
Al-Mashat says Egypt, Bahrain seek stronger economic ties
Egypt and Bahrain are keen to strengthen their economic partnership. Rania Al-Mashat, Minister of Planning and Economic Development, attended the Egyptian-Bahraini Joint Committee meeting here and stressed the close ties…
Saib reports EGP 1.74bn net profits in December 2024, achieving 81% growth
Saib bank concluded 2024 with an exceptional 81% surge in net profits, reaching EGP 1.74bn compared to EGP 963m in 2023. Pre-tax profits also experienced a robust 60% increase, rising…
Egyptian Drug Authority, Sandoz discuss oncology drug localisation
The Chairperson of the Egyptian Drug Authority (EDA), Ali Ghamrawy, has met with a high-level delegation from Sandoz, a global pharmaceutical company, to discuss strengthening cooperation and localising the production…
Gold hits record highs amid market uncertainty, CBE purchases
Gold prices surged in local markets on Saturday, coinciding with the weekend closure of global stock exchanges. This follows an eighth consecutive week of gains, with gold rising by 1.8%…
EGP 911.5bn in total financing provided by FRA-regulated entities in 2024: Chairperson
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), unveiled key performance indicators for the non-banking financial sector, reporting that total financing granted by FRA-regulated entities reached approximately EGP 911.5bn…
HDB doubles net profits to EGP 11bn in 2024, marking 83.1% surge
The Housing and Development Bank (HDB) has reported a substantial increase in pre-tax and provisioned profits, reaching EGP 16.855bn in 2024, compared to EGP 9.444bn in 2023. This marks a…
CBE holds interest rates steady for seventh consecutive time amid inflation risks
The Central Bank of Egypt (CBE) has once again opted to keep interest rates unchanged, marking the seventh consecutive time it has done so. The Monetary Policy Committee (MPC) cited…
