CIB Finance portfolio exceeds EGP 4.1bn in first year of operations
CIB Finance Company (CIFC), a subsidiary of the Commercial International Bank Egypt (CIB), has achieved strong performance since launching commercial operations in April 2024, with its factoring portfolio surpassing EGP…
Egypt to host inaugural AI Everything Middle East & Africa Summit in February 2026
Egypt will host the first edition of the “AI Everything Middle East & Africa” Summit and Exhibition from 10 to 12 February 2026. Organised by GITEX GLOBAL Group in strategic…
Egypt implements EGP 12.7bn water, wastewater projects in Northwest Coast in 2024
Egypt has executed water and wastewater projects worth EGP 12.7bn in the Northwest Coast region over the past year, Minister of Housing, Utilities, and Urban Communities Sherif El-Sherbiny announced during…
Egypt’s military production, petroleum ministries drive projects to boost citizens’ economic gains
Minister of State for Military Production Mohamed Salah El-Din has met with Minister of Petroleum and Mineral Resources Karim Badawi at the Ministry’s headquarters in the Government District of the…
Uncertainty surrounds potential Putin-Zelenskyy summit as Trump sets two-week deadline
Uncertainty mounted on Friday over a potential peace summit between Russian President Vladimir Putin and his Ukrainian counterpart Volodymyr Zelenskyy, after U.S. President Donald Trump said he would make a…
Norway’s wealth fund investments in Israel dominate election, could decide government
Investments in Israel by Norway's sovereign wealth fund have dominated the run-up to the country's 8 September election, sparking a national debate over the management of the world's largest single…
CBE reports developments in Egypt’s external debt in 2024
Egypt’s external debt stood at $155.1bn in December 2024, up by about $2.2bn (1.4%) compared to June 2024. This increase was mainly due to higher disbursements of external loans, which…
Egypt backs UN plan for Libyan elections within 12-18 months
Egypt on Saturday welcomed a new United Nations roadmap for resolving the crisis in Libya, which aims to form a temporary government to prepare for national elections within 12 to…
South Korea’s Lee in Japan for talks ahead of crucial Trump meeting
South Korean President Lee Jae-myung arrived in Japan on Saturday for his first formal summit with Prime Minister Shigeru Ishiba, in a visit aimed at strengthening security cooperation between the…
“Narrative Summit” Releases 2025 Recommendations to Cement Egypt’s Position as a Global Tourism Destination
The Narrative Summit, Egypt’s first international nation branding platform, has unveiled its 2025 recommendations aimed at revitalizing and strengthening the country’s standing as a world-class tourism hub. The ninth edition…