CBE underscores banking sector resilience as financial soundness indicators exceed regulatory thresholds
The Central Bank of Egypt (CBE) affirmed the continued robustness of Egypt’s financial system, across both banking and non-banking institutions, throughout fiscal year (FY) 2024 and the first quarter (Q1)…
Iraq’s PM says holding elections on schedule is a ‘major event’ for the state
Iraqi Prime Minister Mohammed Shia al-Sudani said on Saturday that his government's success in holding parliamentary elections on schedule would be a "major event" for the state, reaffirming the country's…
Russia’s Putin appoints new deputy defence minister in security shake-up
Russian President Vladimir Putin on Saturday appointed a new deputy defence minister and reassigned the outgoing deputy to the country's Security Council, in the latest reshuffle of Russia's military and…
Trump announces US boycott of G20 summit in South Africa over ‘human rights abuses’
US President Donald Trump said on Friday that no US government official will attend the Group of 20 (G20) summit in South Africa later this month, citing what he described…
Rubio sees Vance as 2028 favourite, fuelling talk of a joint ticket
The first contours of a Republican succession battle are beginning to emerge, with U.S. Secretary of State Marco Rubio reportedly telling close associates that he believes Vice President J.D. Vance…
Arcius to acquire Egypt’s Harmattan gas field, strengthening Eastern Mediterranean portfolio
Arcius has signed a binding agreement to acquire the Harmattan gas and condensate field in Egypt’s Eastern Mediterranean waters, pending final regulatory approvals. The offshore field lies approximately 2.5 kilometres…
$44m allocated to upgrading Egypt Upstream Gateway under extended agreement with SLB
Minister of Petroleum and Mineral Resources Karim Badawi witnessed the signing of a three-year extension to the Egypt Upstream Gateway (EUG) contract between Salah Abdelkerim, CEO of the Egyptian General…
Egypt ranks among top 10 countries for certified project managers worldwide
Egypt has emerged as a global leader in project management, ranking 7th worldwide in the number of certified project management professionals, according to the Project Management Institute (PMI). With nearly…
HSBC Egypt hosts third China Corridor Forum to strengthen bilateral trade, investment
For the third consecutive year, HSBC Egypt has hosted its China Corridor Forum at the bank’s Head Office in Cairo, welcoming more than 100 Chinese corporates, policymakers, and financial experts…
Standard Bank to launch representative office in Egypt on 12 November
Standard Bank Group, Africa’s largest financial institution by assets, announced that it will officially launch its Representative Office in Egypt on 12 November 2025, marking a significant milestone in the…