NFAs in Egypt’s banking sector rise by EGP 115.2bn during FY 2024/25
The Central Bank of Egypt (CBE) has revealed that net foreign assets (NFAs) within the banking system rose by the equivalent of EGP 115.2bn during the fiscal year (FY) 2024/2025,…
Egypt, Russia, EU coordinate on Gaza peace implementation, Sudan crisis
Egyptian Foreign Minister Badr Abdelatty on Friday held separate phone calls with his Russian counterpart, Sergey Lavrov, and the European Union's foreign policy chief, Kaja Kallas, to discuss the implementation…
Suez Canal sees largest container ship in two years as traffic returns
The Suez Canal on Saturday witnessed the passage of the CMA CGM BENJAMIN FRANKLIN, the largest container ship to transit the waterway in two years, in what the canal authority's…
Finance Ministry, MSMEDA implement ambitious plan to support entrepreneurs: Rahmy
Basil Rahmy, CEO of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), affirmed the strong support provided by the Ministry of Finance to the small and medium enterprise (SME)…
Polish investments in Egypt surpass $1.7bn, driven by green ammonia, furniture, and silo projects
Polish investments in Egypt have recorded remarkable growth in recent years, reaching over $1.7bn, supported by several major projects led by leading Polish companies. Among the most prominent are Hynfra’s…
Grand Egyptian Museum to boost tourism, help attract 30 million visitors by 2030: Al-Mashat
The Grand Egyptian Museum (GEM) is a strong addition to cultural tourism in Egypt and will help the country achieve its goal of attracting 30 million tourists by 2030, Minister…
Second package of tax facilitation measures to be launched this November: Finance Minister
Minister of Finance Ahmed Kouchouk announced that the government will launch the second package of tax facilitation measures in November 2025, building on progress achieved in strengthening the “partnership and…
Egypt’s Foreign Minister discusses Gaza, Sudan with Russian counterpart
Egyptian Foreign Minister Badr Abdelatty received a phone call from his Russian counterpart, Sergey Lavrov, on Friday, during which they discussed bilateral relations and regional issues, including Gaza and Sudan.…
Local liquidity in banking sector climbs to EGP 13.6trn in September 2025
The Central Bank of Egypt (CBE) reported a notable rise in broad money supply within the banking sector, reaching EGP 13.622trn in September 2025, up from EGP 13.388trn in August.…
ABE to roll out new financing, banking services for small-scale farmers to boost agricultural investment: CEO
Mohamed Abul Soud, CEO of the Agricultural Bank of Egypt (ABE), announced that the bank is preparing to launch a comprehensive package of new financing and banking services designed specifically…