EU approves €20m assistance for Egyptian Armed Forces
The European Council on Wednesday approved €20m in assistance for the Egyptian Armed Forces (EAF) under the European Peace Facility (EPF). The funds will be used to bolster the EAF's…
EU envoy praises human rights reforms in Egypt
EU Special Representative (EUSR) for Human Rights, Olof Skoog, visited Egypt from 4 to 5 November, in a follow-up mission to EUSR Eamon Gilmore's trip in April 2022. Ongoing human…
Communications sector contributes 5.8% to GDP in FY 2023/24: Talaat
Amr Talaat, Egypt’s Minister of Communications and Information Technology, has emphasized that the success of Egypt’s communications and IT sector is built on its human capital and expertise, which have…
CI Capital concludes EGP 884m securitized bond issuance for Reefy Microfinance
CI Capital, the leading diversified financial services group, announced Wednesday the conclusion of EGP 884m securitized bond issuance for Reefy Microfinance Enterprise Services, which acted as the originator of the…
Egypt, Japan’s JOIN discuss investment cooperation in infrastructure
Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), met with Hideki Okada, Head of the Business Development Unit at Japan Overseas Infrastructure Cooperation (JOIN) to…
Egypt’s pharmaceutical market records EGP 277bn annual sales: EDA
Ali Ghamrawy, Chairperson of the Egyptian Drug Authority (EDA) has reported that the total sales of Egypt's pharmaceutical market from October 2023 to September 2024 reached 3.6 billion units, valued…
Egypt, China discuss ways to enhance cooperation in urban development
Egypt's Minister of Housing, Utilities, and Urban Communities, Sherif El-Sherbiny, met, on Wednesday, with China’s Minister of Housing and Urban-Rural Development Ni Hong, and Chinese Ambassador to Cairo Liao Liqiang,…
Israel intensifies attacks on northern Gaza, Lebanon
The Gaza war entered its 397th consecutive day amid continued Israeli bombing of various parts of the Strip, especially in the northern areas. Israeli occupation drones dropped leaflets on Beit…
Egypt’s net international reserves increase to $46.941bn in October: CBE
The Central Bank of Egypt (CBE) reported an increase in net international reserves, which reached $46.941bn in October 2024, compared to $46.736bn in September—a rise of approximately $205m. In a…
Egypt, Estonia leaders discuss bilateral ties, regional issues
Egypt's President Abdel Fattah Al-Sisi welcomed his Estonian counterpart Alar Karis in Cairo to discuss regional and international issues, notably the Palestinian cause. During a joint press conference with…
