CBE approves Amr El Ganainy as CIB Deputy CEO, Managing Director
El Ganainy has over 35 years of banking experience
MENA banking sector witnesses 30% surge in net profits
The Middle East and North Africa (MENA) region banking sector experienced a remarkable year on year (YoY) growth with a 30% surge in net profits and a 12.2% increase in…
Sidi Kerir Petrochemicals, Rungas Group to build butane cylinders factory in Egypt
Sidi Kerir Petrochemicals Company (SIDPEC) has signed a partnership agreement with Rungas Group, a Nigerian company, to establish a factory in Egypt that will produce butane gas cylinders for export.…
SCZONE explores opportunities with electric car, fibre, and logistics companies in China
The Chairperson of the Suez Canal Economic Zone (SCZONE), Walid Gamal El-Din, continued his second promotional tour in China by visiting the provinces of Suzhou and Hefei, after a successful…
Core inflation slows down for third month in a row: CBE
The Central Bank of Egypt (CBE) announced that its core inflation rate, which excludes volatile items such as food and energy, decreased to 39.7% in September 2023, down from 40.4%…
House of Representatives approves bill to extend tax-free car import initiative for Egyptian expats
The House of Representatives passed on Monday a bill proposed by the government to grant some facilities to Egyptians living abroad. The bill aims to extend the tax-free car import…
Zambia receives medical supplies from Egypt
Zambia received medical supplies from Egypt on Monday, which the government said will significantly improve people's health and well-being. The arrival of the medicines and medical supplies follows an agreement…
Egypt opposes collective punishment of civilians in Gaza: Al-Sisi
Israel strikes area near the Rafah border crossing between the Gaza Strip and Egypt several times
MENA faces significant water challenges: Egypt’s Irrigation Minister
Egypt’s Minister of Water Resources and Irrigation Hani Sewilam highlighted the significant water challenge faced by the Middle East and North Africa region. The population in this region has increased…
Egypt becomes first in region to issue sustainable panda bonds worth $500m
Egypt has achieved a milestone by becoming the first country in the Middle East and Africa to issue sustainable panda bonds in the Chinese financial market. The bonds are worth…