We look forward to expanding US investments in Egyptian economy: Kouchouk
Finance Minister Ahmed Kouchouk affirmed Egypt’s commitment to strengthening the participation and investments of American companies in the Egyptian economy amid improving macroeconomic indicators. Speaking at a meeting with the…
Israeli violations persist in Gaza amid international moves to monitor ceasefire
The Gaza-based Palestinian Center for Human Rights (PCHR) has documented 129 incidents of shelling and gunfire by Israeli forces since the Gaza ceasefire came into effect on Monday, resulting in…
Malaysian PM congratulates Egypt’s Al-Sisi on Gaza peace deal
Malaysian Prime Minister Anwar Ibrahim on Saturday congratulated Egyptian President Abdel Fattah Al-Sisi on the successful efforts to secure a Gaza peace agreement, the Egyptian presidency said. In a phone…
Egypt, Maersk discuss cooperation in green energy, shipping, and Gaza reconstruction
Egyptian President Abdel Fattah Al-Sisi met on Saturday with Robert Mærsk Uggla, Chairperson of Denmark’s A.P. Moller–Maersk Group, to discuss expanding cooperation in maritime transport, logistics, and green energy projects,…
HDB conducts cyberattack simulation in collaboration with Google Mandiant
The Housing and Development Bank (HDB) has conducted a tabletop exercise simulating a cyberattack, in collaboration with Google Mandiant, a global leader in cybersecurity and incident response. The exercise aimed…
Suez Canal Bank signs EGP 30m credit facility with Oliv
Suez Canal Bank and Oliv have announced the signing of a credit facility agreement worth EGP 30m to finance small and medium-sized enterprises (SMEs). Oliv is the first Egyptian company…
NBE inaugurates first branch in Saudi Arabia
The National Bank of Egypt (NBE) has announced the inauguration of its first branch in Saudi Arabia, following the Saudi Central Bank’s approval for the bank to commence operations through…
Credit facilities for top 100 borrowers reach EGP 1.4trn in March 2025: CBE
The Central Bank of Egypt (CBE) reported that outstanding credit facilities extended to the top 100 corporate borrowers across the public and private sectors reached EGP 1.4trn in March 2025,…
CBE’s net foreign assets exceed $11bn in September 2025
The Central Bank of Egypt (CBE) announced that its net foreign assets (NFAs) rose to $11.048bn — equivalent to EGP 529.6bn — in September 2025, up from $10.629bn (EGP 517.3bn)…
Banks, companies inject EGP 92.3bn under mortgage finance initiative for low, middle-income citizens in September 2025
The Social Housing and Mortgage Finance Fund (SHMFF) announced that banks and mortgage finance companies participating in the state-backed initiative for low- and middle-income citizens had extended a total of…