Private banks in Egypt achieve record profits in 2024
Private banks operating in the Egyptian market recorded unprecedented profits in 2024, driven by substantial growth in interest income and operating revenues. Commercial International Bank Commercial International Bank (CIB) led…
Egyptian, Palestinian PMs discuss Gaza recovery plan for Arab Summit
Egyptian Prime Minister Mostafa Madbouly met with his Palestinian counterpart, Mohammad Mustafa, on Saturday to review plans for the early recovery and reconstruction of Gaza. The plan is expected to…
Egyptian FM delivers message to Eritrean President, discusses ties
Egyptian Foreign Minister Badr Abdelatty met with Eritrean President Isaias Afwerki on Friday to deliver a verbal message from Egyptian President Abdel Fattah Al-Sisi, focusing on strengthening bilateral relations and…
Pakistan PM praises armed forces on Operation Swift Retort 6th anniversary
Pakistan's Prime Minister Muhammad Shehbaz Sharif has lauded the Pakistan Armed Forces for their courage, bravery, professionalism, and spirit of sacrifice on the sixth anniversary of Operation Swift Retort. In…
Said Zater Assumes New Strategic Role at Contact Financial Holding
Said Zater has stepped down as CEO of Contact Financial Holding to take on a new role as Vice Chairman of the Board and Board Advisor. This transition marks the…
Elsewedy Electric expands into Europe with landmark power project in Hungary
Elsewedy Electric Group has secured a major engineering, procurement, and construction (EPC) contract for Hungary’s largest combined cycle power plant (CCPP) in decades. Awarded by MVM Matra Energia Zrt., a…
CBE hosts Bank of Tanzania delegation to strengthen African financial cooperation
As part of Egypt’s commitment to deepening ties with African nations, the Central Bank of Egypt (CBE) has welcomed a high-level delegation from the Bank of Tanzania (BOT), led by…
ETA launches introductory guide to Tax Facilitation initiative
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), has announced the release of an introductory guide for the Tax Facilitation Initiative. This guide provides a comprehensive explanation of…
Egypt, Kazakhstan discuss expanding flights, air cargo cooperation
Egypt’s Minister of Civil Aviation, Samah Hefni, met with Kazakhstan’s Ambassador to Cairo, Askar Zhenis, to discuss strengthening bilateral cooperation in aviation. The meeting focused on increasing direct flights between…
Egypt closes bidding on 13 oil, gas exploration areas, attracting $700m in investments
As part of its ongoing efforts to attract and expand investments in exploration, production, and development, the Ministry of Petroleum and Mineral Resources closed bidding for 13 exploration and production…
