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…
Audience’s reception at Arab Music Festival brings me immense joy: Hany Shaker
Hany Shaker, a timeless artist, has established himself as a leading figure in Arabic music with his exceptional performances and unparalleled voice. In this conversation, we will explore the life…
Boosting Egypt’s real estate quality needs foreign investment: Stakeholders
Ahmed Sabbour, Chairperson of Al Ahly Sabbour Developments, highlighted the importance of attracting foreign investment to enhance the quality of Egypt's real estate sector, praising Emaar’s experience as a model…
Egypt’s Parliamentary, Political Communication Minister, AmCham discuss government’s legislative agenda
Mahmoud Fawzi, Egypt’s Minister of Parliamentary, Legal and Political Communication, participated in a seminar hosted by the American Chamber of Commerce in Egypt (AmCham) to discuss the government's legislative priorities…
Cairo gets 1st ‘Khadamat Misr’ centre, expanding government services
The first “Khadamat Misr” (Egypt’s Services Centre) in Greater Cairo opened in Mokattam on Wednesday, offering a centralised location for citizens to access more than 150 government services. The centre…
