CBE extends inflation target horizon to Q4 2026 at 7% (± 2%), Q4 2028 at 5% (± 2%)
The Central Bank of Egypt (CBE) has decided to extend its inflation target horizon, setting an average target of 7% (± 2%) for the fourth quarter (Q4) of 2026, and…
Zambia, Saudi Arabia sign debt restructuring deal
Zambia and Saudi Arabia have formalised a debt restructuring agreement to reschedule more than $130m of Zambia’s debt to the Arab nation, according to DNE Africa. The agreement was signed…
TMT invests EGP 100m in new customs bonded area at Hossni El-Antably station
Transmisr Transportation and Trading (TMT) has announced the inauguration of its new customs station, the Hossni El-Antably Customs Bonded Area, with an initial investment of EGP 100m. The facility, located…
Egypt needs 450k housing units annually to meet population growth: Minister
Egypt requires approximately 450,000 new housing units each year to accommodate the growing demand driven by population growth, according to Minister of Housing, Utilities, and Urban Communities Sherif El-Sherbiny. During…
Beltone approves EGP 10.75bn capital increase to drive expansion, growth strategy
Beltone Holding has announced that its Board of Directors has approved a capital increase of EGP 10.75bn, marking a key step in the company's expansion and growth strategy. This decision…
Egyptian, Uzbek officials discuss increased cooperation at business forum
Egyptian and Uzbek officials met on Wednesday at the Egyptian-Uzbek Business Forum in Tashkent to discuss strengthening economic ties between the two nations. The forum, which coincided with the 7th…
What If We Had Chosen Martin Luther’s Path?
In tracing the civilizational divergence between East and West, I find myself repeatedly stopping at the year 1517. In that year, two pivotal events occurred, shaping the course of world…
CBE expected to keep interest rates unchanged for sixth consecutive meeting
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is set to hold its final meeting of the year on Thursday, to decide on key interest rates,…
CIB leads syndicated loan of EGP 9bn for Madinet Masr in partnership with 6 banks
The Commercial International Bank—Egypt (CIB), acting as the lead arranger and financier, has successfully arranged a syndicated loan worth EGP 9bn for Madinet Masr Housing and Development Company, a key…
Israel continues attacks on Gaza amid stalled ceasefire talks
The Ministry of Health in Gaza reported on Wednesday that Israel's military actions have resulted in three new massacres, with 23 fatalities and 39 wounded in the past 24 hours…