A Call for Optimism: Al-Qawidy’s art exhibition opens in Zamalek
The Art Corner gallery in Zamalek hosted last Thursday an exhibition titled "A Call for Optimism" by artist and diplomat Yousri Al-Qawidy. The event, inaugurated by renowned artist Mohamed Abla,…
Egyptian-American mission discovers 1st Middle Kingdom cemetery
The Egyptian-American archaeological mission has made a groundbreaking discovery in the Al-Assasif necropolis, revealing the first tomb from the Middle Kingdom. This find includes several sealed burials that had never…
MSMEDA launches ambitious financing programme for solar energy: Chief
Basel Rahmy, CEO of Egypt's Micro, Small, and Medium Enterprises Development Agency (MSMEDA), announced the launch of a new financing programme in collaboration with the United Nations Industrial Development Organization…
Egypt, Google discuss expanding collaboration in tourism promotion
Egypt’s Minister of Tourism and Antiquities, Sherif Fathy, met with Google Egypt’s Country Director, Hisham El Nazer, along with other Google officials. During the meeting, they discussed ways to deepen…
Fitch Ratings raises Egypt’s long-term foreign-currency rating to ‘B’ with stable outlook
Fitch Ratings has upgraded Egypt's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'B' from 'B-', citing improved external finances supported by significant foreign investments and enhanced policy measures. Key developments…
Egypt, Huawei discuss localising electric grid equipment manufacturing
Mahmoud Esmat, Egypt’s Minister of Electricity and Renewable Energy, recently met with Jim Liu, CEO of Huawei Egypt, and his delegation to discuss localizing the manufacturing of electric grid equipment…
Banks’ commitment to foreign currency requirements for import
Through its distinguished monetary policy and wise decisions, the Central Bank of Egypt (CBE) has managed to maintain exchange rate flexibility. With all the economic changes, banks have emerged as…
Agricultural Bank’s loan portfolio increases to EGP 80.3bn in Q3 2024
The Agricultural Bank of Egypt (ABE) concluded the third quarter (Q3) of the current year with remarkable growth rates in business results indicators. According to ABE indicators in Q3 2024,…
CBE welcomes Zambia, Eswatini delegations to share experiences on MSME finance
Within the context of Egypt's commitment to enhancing cooperation with African countries across various fields, the Central Bank of Egypt (CBE) welcomed a delegation from Zambia and Eswatini for three…
Banking sector’s net foreign assets record $10.3bn surplus in September: CBE
The Central Bank of Egypt (CBE) revealed that the net foreign assets of the Egyptian banking system achieved a surplus of $10.3bn, equivalent to EGP 498.6bn in September compared to…
