Ras El-Hekma anchors FDI surge as COMESA’s global investment share doubles
Foreign direct investment (FDI) into the Common Market for Eastern and Southern Africa (COMESA) surged to a record $65bn in 2024, marking a 154% year-on-year increase despite a global downturn…
SCZONE chair showcases investment opportunities to US institutions, companies
Walid Gamal El-Din, Chairperson of the General Authority for the Suez Canal Economic Zone (SCZONE), concluded his promotional tour in the United States with a series of meetings and engagements…
United Bank to roll out specialised healthcare financing packages, including green financing: Kashmiry
Nevine Kashmiry, Deputy Managing Director for Business Sectors at United Bank, announced that the bank is preparing to introduce a suite of specialised financing products tailored to the healthcare sector.…
HDB deepens green, sustainable finance leadership through new partnership with Frankfurt School
The Housing and Development Bank (HDB) has signed a Memorandum of Understanding with the Frankfurt School of Finance and Management, under the auspices of the German Agency for International Cooperation…
Social Housing Fund doubles CIB’s mortgage finance allocation to EGP 12bn
The Social Housing and Mortgage Finance Fund has signed a cooperation protocol with CIB–Egypt, one of the country’s largest private-sector banks, to expand joint efforts in mortgage financing and support…
Subsidised mortgage finance for low, middle-income borrowers reach EGP 95.5bn in November 2025
Banks and mortgage finance companies participating in the state-backed mortgage initiative for low- and middle-income citizens have injected a combined EGP 95.534bn into the programme, benefiting more than 668,504 clients…
EU drafts central energy plan to fix grid bottlenecks and save billions
The European Union is preparing a centralized plan to prioritize energy investments and bridge infrastructure gaps across the bloc, seeking to tackle grid bottlenecks that threaten climate goals and cost…
Netanyahu’s pick for Mossad chief sparks resignation threats over lack of experience
Israeli Prime Minister Benjamin Netanyahu’s decision to appoint his Military Secretary, Major General Roman Gofman, as the new head of the Mossad foreign intelligence agency has sparked a political storm…
US warns NATO allies against ‘bullying’ American defence firms amid protectionism row
US Deputy Secretary of State Christopher Landau has criticised European NATO allies for prioritising domestic defence companies over American suppliers, warning partners against "bullying" US firms or excluding them from…
CIB named Egypt’s Bank of the Year 2025 as factoring portfolio hits EGP 4bn
Commercial International Bank (CIB) has secured The Banker’s Bank of the Year 2025 award for Egypt, cited for the rapid expansion of its factoring subsidiary and the broadening of its…