United Bank, Social Housing Fund expand affordable mortgage finance to EGP 5bn
The United Bank has signed a cooperation protocol with the Social Housing and Mortgage Finance Fund to provide a wider range of affordable mortgage solutions for low- and middle-income citizens.…
Non-bank financing for MSMEs jumps to EGP 91.4bn in August 2025: FRA
The Financial Regulatory Authority (FRA) has announced that the total volume of non-bank financing extended by companies and associations operating in the medium, small, and micro enterprise (MSME) sector reached…
Suez Canal Bank leads EGP 4.5bn syndicated loan for Madkour infrastructure project
A banking alliance led by Suez Canal Bank has signed a joint financing agreement worth EGP 4.485bn in favour of Madkour Holding. The financing will fund contracting works assigned by…
HSBC to review retail banking business in Egypt
HSBC Egypt announced that its parent company, HSBC Holdings plc (HSBC Group), will undertake a strategic review of its retail banking business in Egypt. This follows the announcement earlier this…
Egypt, Saudi Arabia discuss strengthening pharmaceutical cooperation
Chairperson of the Egyptian Drug Authority (EDA) Ali Ghamrawy has held a bilateral meeting with President of the Saudi Food and Drug Authority (SFDA) Hisham Aljadhey on the sidelines of…
President Al-Sisi closely follows up on Egypt–Saudi Arabia power interconnection project: Esmat
Minister of Electricity and Renewable Energy Mahmoud Esmat said that the Egypt–Saudi Arabia electricity interconnection project is receiving significant attention and direct follow-up from President Abdel Fattah Al-Sisi, given its…
Al-Sisi reviews final preparations for Grand Egyptian Museum opening
President Abdel Fattah Al-Sisi reviewed on Saturday the ongoing preparations for the opening ceremony of the Grand Egyptian Museum, scheduled for November 1, according to a statement by the Presidency.…
Iran and Russia conduct 80% of trade in local currencies, says official
More than 80 per cent of trade between Iran and Russia is now conducted using their national currencies, the rial and the rouble, a senior business official has said. The…
Iran’s Mount Taftan volcano shows signs of activity after 710,000 years
An Iranian volcano, long considered extinct for 710,000 years, has begun to show signs of activity, rising by nine centimetres between July 2023 and May 2024, a partner of the…
Traditional Egyptian neighbourhoods in TV drama: From cultural beacon to fading identity
Over the past four decades, Egyptian television drama has undergone a profound transformation in the way it depicts the hāra — the traditional Egyptian neighbourhoods. Once portrayed by Naguib Mahfouz…
