PFI Asset Management appointed for Mawared Fund
PFI Asset Management has been officially appointed as the fund manager for the Mawared Fund, effective February 18, 2025. Established in November 2009 by Housing and Development Bank, Mawared is…
ETA, Commercial Professions Syndicate sign protocol to regulate relations
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), and Mahmoud El-Naghi, Head of the Accounting and Auditing Division at the Syndicate of Commercial Professions, have signed a cooperation…
Egypt’s financial inclusion rate hits 74.8%, with 52 million using transaction accounts
Financial inclusion rates in Egypt continue to rise, with approximately 52 million citizens now using transaction accounts. The Central Bank of Egypt (CBE) announced on Tuesday that financial inclusion rates…
Egypt’s Petroleum Minister announces Zohr field development resumption
Karim Badr, Egypt’s Minister of Petroleum and Mineral Resources, has announced the resumption of development activities at the Zohr gas field following the arrival of the Saipem 10000 drillship in…
ADNOC eyes expansion into Egypt’s EV charging, fuel market
ADNOC Distribution, the UAE-based fuel and retail company, explores entry into Egypt’s electric vehicle (EV) charging market and is in the process of securing the necessary licences, according to CEO…
Egypt hosts World Aquatics Open Water Swimming World Cup in Somabay for 3rd consecutive year
Reaffirming Egypt’s status as a global hub for aquatic sports, Ashraf Sobhy, Minister of Youth and Sports, inaugurated the opening leg of the World Aquatics Open Water Swimming World Cup…
Madbouly oversees preparations for Grand Egyptian Museum Opening on 3 July
Egypt has set July 3 as the official opening date for the Grand Egyptian Museum (GEM), following a review of preparations led by Prime Minister Mostafa Madbouly. The announcement came…
Egypt’s Abdelatty, EU’s Brunner discuss migration cooperation
Egyptian Foreign Minister Badr Abdelatty spoke with European Union Commissioner for Home Affairs and Migration, Magnus Brunner, on Tuesday to discuss cooperation on migration issues. Abdelatty congratulated Brunner on his…
Egyptian President meets with Iraqi, Cypriot politicians on regional stability
Egyptian President Abdel Fattah Al-Sisi on Tuesday met with Ammar Al-Hakim, head of the Iraqi National Wisdom Movement, and Annita Demetriou, President of the Cypriot House of Representatives, to discuss…
Opinion | Yemeni Heritage in Times of War: A Plundered Legacy and an Erased History
For over a decade, Yemen—one of the world’s oldest civilizations—has been engulfed in a brutal war that has claimed thousands of civilian lives, devastated its fragile infrastructure, and triggered what…
