Egypt, Siemens collaborate on local manufacturing, energy management
Minister of Electricity and Renewable Energy Mahmoud Esmat met with Mostafa El-Bagoury, CEO of Siemens Egypt, Stephan Mayr, CEO of Electrical Solutions and Automation at Siemens AG, Andreas Matthe, CEO…
Israel escalates aggression in West Bank, Gaza
The Ministry of Health in Gaza reported that Israeli occupation forces have committed five massacres against civilians in the Gaza Strip over the past 48 hours. Hospitals have received 89…
Egyptian banking sector records $13.25bn NFA surplus in July, marking continued growth
The Central Bank of Egypt (CBE) announced that the net foreign assets (NFA) of the Egyptian banking sector achieved a surplus of $13.25bn (EGP 644.764bn) in July 2024. This marks…
Egypt’s Al-Mashat highlights BRICS alignment, economic reforms at NDB Meeting
Egypt, a new member of the BRICS group, highlighted the importance of inclusive growth, South-South cooperation, and multilateral partnerships in achieving sustainable development at the 9th annual meeting of the…
‘100 Days of Health’ campaign provides over 47 million free services in 30 days
Egypt’s Deputy Prime Minister and Minister of Health and Population, Khaled Abdel Ghaffar, announced that 47,431,927 medical services were provided through the "100 Days of Health" campaign from the launch…
ADCB Egypt achieves net profit of EGP 2.138bn in H1 2024
ADCB Egypt announced its financial results for the first half of 2024, reporting a remarkable 162% increase in net profits at EGP 2.138bn compared to the same period last year.…
CBE reports first profit in seven years, EGP 22.834bn in June 2024
The Central Bank of Egypt (CBE) has announced a net profit of EGP 22.834bn in June 2024, marking a significant turnaround from the EGP 86.283bn loss recorded in June 2023.…
Banque du Caire achieves 120% surge in net profits surpassing EGP 5.7bn for H1 2024
Banque du Caire has reported a remarkable 120% increase in net profits, reaching EGP 5.7 billion in the first half of the 2024 fiscal year, compared to EGP 2.6bn during…
Breaking barriers: How CBE transforms financial access for PWDs
The United Nations Capital Development Fund (UNCDF)-based “Better Than Cash Alliance” programme, comprising over 80 members from various organizations and governments, has highlighted Egypt’s efforts, represented by the Central Bank…
CBE’s Governor Hassan Abdalla Highlights Successes, Challenges in Egypt’s Path to Financial Inclusion
The UNCDF-based “Better Than Cash Alliance” Interviews the Governor of the Central Bank of Egypt, Hassan Abdalla Under the leadership of Hassan Abdalla, the Central Bank of Egypt (CBE) has…
