Egyptian Intelligence Chief Meets Libyan Armed Forces Commander in Benghazi
Hassan Rashad, head of the Egyptian General Intelligence Service (GIS), met with Field Marshal Khalifa Haftar, General Commander of the Libyan Armed Forces, at the General Command headquarters in Benghazi…
CBE to offer $800m T-bill auction to settle previous issuance
The Central Bank of Egypt (CBE) will hold a Treasury bill (T-Bill) auction denominated in US dollars on Monday, offering $800m in new debt. The proceeds from this auction will…
Mansour Group, SAIC Motor announce $135m auto plant in Egypt
Prime Minister Mostafa Madbouly attended on Sunday the signing ceremony of a landmark agreement between Mansour Group and China's SAIC Motor to establish a $135m automotive manufacturing plant in Egypt.…
CBE increases transaction limits for financial inclusion accounts
The Central Bank of Egypt (CBE) has announced an increase in the maximum transaction limits for financial inclusion accounts, which apply to withdrawals, outgoing transfers, debit operations, and purchases. Under…
Fifth child dies from hypothermia in Gaza within one week
The Ministry of Health in Gaza announced on Sunday the death of 20-day-old Jumaa Al-Batran, who succumbed to severe cold and the lack of proper heating in the tents of…
Al-Sisi highlights digital transformation, ICT growth
Egypt’s President Abdel Fattah Al-Sisi held a meeting on Sunday with Prime Minister Mostafa Madbouly and Minister of Communications and Information Technology Amr Talaat to discuss key digital transformation initiatives…
Egypt unveils EGP 30bn initiative to enhance industrial growth, equip private sector
Egypt has launched a major new initiative to support the private sector in purchasing machinery, equipment, and production lines. Announced on Sunday by Deputy Prime Minister for Industrial Development and…
Egyptian gold demand declines in Q4 2024 amid price hikes
Local demand for gold in Egypt decreased in the fourth quarter of 2024, despite stabilising prices, due to rising inflation and higher price levels, according to the Gold Bullion 2024…
Egypt provides EGP 65.6bn in micro, small loans to “Decent Life” villages: Al-Mashat
Egypt has provided EGP 65.6bn in loans for micro, small, and medium-sized enterprises to over 2.9 million beneficiaries in villages covered by the "Decent Life" presidential initiative, according to Minister…
Egypt’s 2024 real estate trends: Focus on tourism, north coast developments, and experiential retail
The Egyptian real estate market in 2024 saw significant shifts driven by investor interest in hospitality, tourism, and experiential spaces, alongside the rising appeal of the North Coast, particularly with…