Egypt needs 450k housing units annually to meet population growth: Minister
Egypt requires approximately 450,000 new housing units each year to accommodate the growing demand driven by population growth, according to Minister of Housing, Utilities, and Urban Communities Sherif El-Sherbiny. During…
Beltone approves EGP 10.75bn capital increase to drive expansion, growth strategy
Beltone Holding has announced that its Board of Directors has approved a capital increase of EGP 10.75bn, marking a key step in the company's expansion and growth strategy. This decision…
Egyptian, Uzbek officials discuss increased cooperation at business forum
Egyptian and Uzbek officials met on Wednesday at the Egyptian-Uzbek Business Forum in Tashkent to discuss strengthening economic ties between the two nations. The forum, which coincided with the 7th…
What If We Had Chosen Martin Luther’s Path?
In tracing the civilizational divergence between East and West, I find myself repeatedly stopping at the year 1517. In that year, two pivotal events occurred, shaping the course of world…
CBE expected to keep interest rates unchanged for sixth consecutive meeting
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is set to hold its final meeting of the year on Thursday, to decide on key interest rates,…
CIB leads syndicated loan of EGP 9bn for Madinet Masr in partnership with 6 banks
The Commercial International Bank—Egypt (CIB), acting as the lead arranger and financier, has successfully arranged a syndicated loan worth EGP 9bn for Madinet Masr Housing and Development Company, a key…
Israel continues attacks on Gaza amid stalled ceasefire talks
The Ministry of Health in Gaza reported on Wednesday that Israel's military actions have resulted in three new massacres, with 23 fatalities and 39 wounded in the past 24 hours…
CBE hosts seminar on supervisory frameworks, risk management with 110 participants from African central banks
In line with Egypt’s ongoing commitment to supporting African nations, particularly in the economic and banking sectors, the Central Bank of Egypt (CBE) recently organized a virtual seminar titled "Effective…
Al-Sisi urges continued efforts to modernize Egypt’s education system
Egyptian President Abdel Fattah Al-Sisi has emphasized the importance of ongoing reforms to modernize the country's educational system, aiming to enhance the quality of both the educational process and its…
Egypt, IMF reach staff level agreement for $1.2bn
Egypt's Prime Minister Mostafa Madbouly chaired the weekly government meeting on Wednesday in the New Administrative Capital, where key economic updates and initiatives were discussed. Among the highlights, the Prime…
