Non-banking SME financing rises to EGP 25bn in January 2026: FRA
The Financial Regulatory Authority (FRA) said non-banking financing extended to small and medium-sized enterprises (SMEs) by companies and associations under its supervision reached EGP 25bn in January 2026, up from…
Petroleum Minister urges Egyptian Drilling Company to expand global partnerships
Minister of Petroleum and Mineral Resources Karim Badawi has underscored the pivotal role of the Egyptian Drilling Company (EDC) in delivering the government’s five-year plan to boost domestic oil and…
ICAO chief commends Egypt for accommodating emergency flights during regional airspace closures
The head of the International Civil Aviation Organisation (ICAO) praised Egypt for successfully accommodating a surge of emergency and rescheduled flights forced by airspace closures during the recent regional conflict.…
The Spine: New hub for finance, business and tourism in Egypt by 2026
In a landmark move poised to redefine Egypt’s urban and economic landscape, Talaat Moustafa Group (TMG) has unveiled its most ambitious development to date: The Spine in Madinaty. With investments…
Iran War revives stagflation fears as global growth forecasts crumble
Seven weeks into the Iran conflict, the economic damage is beginning to show up in the data — and the picture is darkening. As preliminary business surveys roll in from…
Venezuela’s new strongwoman: How Delcy Rodríguez dismantled Maduro’s inner circle to seize power
When Venezuelan Vice-President Delcy Rodríguez took the podium on 4 January — hours after Nicolás Maduro was detained by US forces from a heavily guarded military base — she delivered…
Two Indian-flagged tankers fired upon in Strait of Hormuz as Iran asserts control over waterway
Two Indian-flagged vessels carrying crude oil came under gunfire in the Strait of Hormuz on Saturday as Iran declared it would control traffic through the vital waterway in retaliation for…
Egypt unveils rare Roman-era tomb in Minya, illuminating ancient burial rituals
Egypt’s Ministry of Tourism and Antiquities has announced a major archaeological discovery at the historic site of El-Bahnasa in Minya, offering new insights into funerary traditions during the Greek and…
Egypt accelerates hospital upgrades, puts up urgent overhaul plan for Matrouh
Egypt is stepping up the pace of ongoing healthcare projects and has put up an urgent plan to upgrade hospitals in Matrouh ahead of the summer season, the Ministry of…
Al-Sisi reviews housing, infrastructure projects, urges strict adherence to timelines
Egyptian President Abdel Fattah Al-Sisi stressed on Saturday the importance of adhering to defined timelines for the completion of housing and infrastructure projects, while removing obstacles facing investment in the…