Egyptian market awaits impact of 1% rate cut on savings returns, loans and debt instruments
The Egyptian market is awaiting banks’ return to business, Sunday, following the weekend break, to assess the impact of the Central Bank of Egypt’s (CBE) decision last Thursday to cut…
Egypt launches solar power plant in Djibouti, expanding renewable energy cooperation
Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, inaugurated a new solar power plant in Omar Jagaa village in Djibouti’s Arta region, marking…
EGP 25bn project launched to supply electricity to one million feddans in West Minya Plain
The Egyptian Countryside Development Company has announced the launch of a major project to construct extra-high-voltage and high-voltage power stations and feeder lines, in coordination with the Egyptian Electricity Transmission…
From shield to showcase: Egypt’s military envoys briefed on 2026 economic ‘turning point’
In a room filled with the nation’s newly designated military attachés, the talk was not of ballistics or borders, but of textiles, tech hubs, and the price of global trade.…
United Bank ranks seventh among top low-income housing financiers in November 2025
United Bank has risen to become the seventh-largest provider of mortgage finance under the low-income housing initiative, with a portfolio worth EGP 2.459bn, according to data released by the Social…
How Should Depositors Invest Their Money After Bank Certificates Mature?
Successful investment is what allows you to sleep peacefully, knowing your money is safe, while real returns are what you actually feel in your pocket when buying your daily needs.…
1% interest-rate cut appropriate to sustain disinflation path: CBE
The Central Bank of Egypt (CBE) said a 1% cut in interest rates is appropriate to maintain a monetary policy stance that anchors inflation expectations and supports the continued downward…
Egypt leads regional condemnation of Israel’s recognition of breakaway Somaliland
Egypt has issued a formal condemnation of Israel’s unilateral recognition of the breakaway region of Somaliland, warning that the move constitutes a flagrant violation of international law and threatens the…
Egyptian, Norwegian FMs call for Gaza ceasefire stability, transition to Trump plan phase two
Egypt’s Foreign Minister Badr Abdelatty emphasised the need for international efforts to stabilise the Gaza ceasefire and transition to the second phase of the "Trump plan" during a phone call…
Madinet Masr signs EGP 1.45bn MoU with Forward Contractors for Sarai construction works
Madinet Masr has signed a memorandum of understanding (MoU) with Forward Contractors to execute construction works worth EGP 1.45bn at Sarai, the company’s mixed-use development in East Cairo. The partnership…