Egypt’s EGAS, Chevron sign $88m gas and oil exploration deal for Mediterranean Lotus block
The Egyptian Natural Gas Holding Company (EGAS) and Chevron have signed a new agreement with a minimum investment of $88m to explore and exploit natural gas and crude oil in…
Egypt’s Al-Sisi urges adherence to Trump Gaza plan, vows to defend Egypt’s Nile water share
Egyptian President Abdel Fattah Al-Sisi called for the full implementation of US President Donald Trump's Gaza ceasefire plan and warned that Egypt will defend its historical Nile water rights using…
Two birds vie for title of world’s loudest
Birdsong may sound to us like little more than natural music, with melodies varying from one species to another. But behind every call lies a physical equation that determines how…
Warmer seas intensify Cyclones, while Oman’s mountains reshape their path
When Cyclone Shaheen struck northern Oman in October 2021, the sea was not the only factor shaping the storm’s behaviour. The mountains rising behind the coast were also part of…
5,000-year-old bones reopen debate over human sacrifice in ancient Egypt
More than a century after British archaeologist Flinders Petrie uncovered hundreds of people buried in subsidiary graves surrounding the tombs of Egypt’s First Dynasty rulers at Abydos in Upper Egypt,…
CIB launches free financial inclusion training programme on Udemy
The Commercial International Bank (CIB) - Egypt has launched a free training programme on Udemy aimed at enhancing young people’s understanding of financial inclusion and its role in supporting economic…
Egypt amends rules for commercial registry, notarisation services at bank branches
The Central Bank of Egypt (CBE) has amended the rules governing the provision of commercial registry and real estate registry notarisation services at bank branches, expanding the availability of these…
CBE introduces EGP 50m minimum capital, new compliance rules for credit guarantee companies
The Central Bank of Egypt (CBE) Board of Directors has issued new regulations governing the licensing, regulation, and supervision of credit guarantee companies under the provisions of the Central Bank…
CBE sets procedures for establishing, licensing credit risk guarantee companies
The Central Bank of Egypt (CBE) has set out procedures for obtaining preliminary and final approval to establish and license companies seeking to engage in credit risk guarantee activities, as…
Bank deposits rise to EGP 17.145trn as of May 2026: CBE
The Central Bank of Egypt (CBE) has revealed the latest deposit and lending indicators for banks operating in the Egyptian market through May 2026. According to a recent CBE report,…