ACUD, Algerian Embassy sign deal for new diplomatic headquarters in Egypt’s New Capital
The Administrative Capital for Urban Development (ACUD) and the Embassy of Algeria in Cairo have signed a land sale agreement for two plots totaling 23,316 sqm. The land will be…
Net foreign assets in Egypt’s banking sector surge to $8.7bn in January 2025: CBE
The Central Bank of Egypt (CBE) has reported a significant rise in net foreign assets (NFA) within the banking sector, reaching approximately $8.7bn (EGP 437.26bn) in January 2025. This represents…
Egypt, China’s Sinoway discuss localization of forestry technology to combat climate change
Minister of Environment Yasmine Fouad met with representatives from Sinoway, a Chinese company specializing in afforestation, forest restoration, and environmental sustainability, to explore avenues for cooperation in implementing forestry and…
Israel blocks humanitarian aid to Gaza amid ceasefire stalemate
The first phase of the ceasefire agreement in the Gaza Strip ended at dawn on Sunday without the commencement of negotiations for the second phase, which was supposed to begin…
Al-Sisi, European Commissioner for Mediterranean discuss Gaza crisis, regional stability
Egyptian President Abdel Fattah Al-Sisi met on Sunday with Dubravka Šuica, the European Commissioner for the Mediterranean, to discuss key regional developments, particularly the situation in the Gaza Strip. The…
Gaza reconstruction plan completed, to be presented at Arab Summit: Abdelatty
Egyptian Foreign Minister Badr Abdelatty announced on Sunday the completion of a proposed Egyptian-Arab plan for the reconstruction of the Gaza Strip. The plan is scheduled to be presented to…
Daikin expands presence in Egypt with new headquarters
Daikin, a global leader in high-quality air conditioning, heating, ventilation, and refrigeration (HVAC-R) solutions for residential, commercial, and industrial applications, has officially inaugurated its new headquarters in New Cairo City,…
Reefy Microfinance pumps EGP 4bn into Egypt’s economy in 2024
Reefy Microfinance Enterprise Services has injected EGP 4bn in financing during 2024, pushing the company’s total funding since its establishment in 2007 beyond EGP 20bn. Notably, the past year alone…
Finance Ministry to issue EGP 730bn in T-bills, bonds in March
The Ministry of Finance has unveiled its plan to issue 32 treasury bill (T-bill) and bond auctions in March, totaling EGP 730bn. This includes 16 treasury bill auctions worth EGP…
Egypt’s digital health strategy: Pillar for health justice, sustainable development
Khaled Abdel Ghaffar, Deputy Prime Minister and Minister of Health and Population, emphasized the critical role of digital health strategy in achieving health justice and ensuring timely access to healthcare…
