Local liquidity in Egypt’s banking sector increases by EGP 2.46trn in 11M 2024
Egypt’s banking sector saw a significant increase in local liquidity, rising to EGP 11.34trn in November 2024, a boost of EGP 2.46trn from the EGP 8.88trn recorded in December 2023. The Central Bank of Egypt (CBE) reported that the money
German testing agency finds EV batteries last longer than expected
One of the beloved bugaboos bruited by EV boo-birds is that EV batteries will quickly wear out. Now that there are significant numbers of high-mileage EVs on the road,
Central Agency for Reconstruction completes 37 projects worth EGP 1.068bn: Minister
Minister of Housing, Utilities, and Urban Communities, Sherif El-Sherbiny, reviewed the achievements of the Central Agency for Reconstruction in 2024, an entity affiliated with the ministry. The agency has successfully completed 37 diverse projects, including roads, services, utilities, and housing,
Egypt calls for Lebanese-led solution to presidential vacuum
Egyptian Foreign Minister Badr Abdelatty emphasised on Tuesday the need for a Lebanese consensus to end the country’s presidential vacuum, “without external impositions.” Abdelatty’s statement came during a phone call with Jean-Yves Le Drian, the French President’s Special Envoy to
Hamas open to national unity government in Gaza as ceasefire talks continue
Hamas is open to the idea of transferring governance of the Gaza Strip to a national unity government or a government comprised of national elites. Osama Hamdan, a leader in the Islamic Resistance Movement (Hamas), stated that the organization will
Mazda Is Building A Battery Plant In Japan To Supply Its Future EVs
The carmaker will enlist Panasonic as its partner to develop EV batteries.
Egypt’s banking sector records $5.95bn net foreign asset surplus in November 2024
The Central Bank of Egypt (CBE) announced that the banking sector’s net foreign assets (NFA) reached a surplus of $5.95bn (EGP 295.6bn) in November 2024, down from a surplus of $9.2bn (EGP 450.861bn) in October 2024. This marks a continued
Egypt welcomes record 15.7 million tourists in 2024 despite regional challenges
Egypt welcomed a record-breaking 15.7 million tourists in 2024, despite ongoing geopolitical challenges in the region, Minister of Tourism and Antiquities Sherif Fathy announced during a meeting of the Culture, Tourism, Antiquities, and Media Committee. This marks a historic achievement
Egypt’s Health Ministry issues nearly 4 million treatment decisions in 2024
The Ministry of Health and Population has announced that in 2024, the state will issue a total of 3,934,336 treatment decisions, at a cost exceeding EGP 24.21bn. These treatment decisions will benefit 2,344,603 citizens. Hossam Abdel Ghaffar, the official spokesperson
Refining Helwan University’s academic mission, embracing digital future are top priorities: Kandil
As one of Egypt’s leading higher education institutions, Helwan University has remained a cornerstone of academic and societal development. With its vast array of disciplines and strategic location in Greater Cairo, it balances offering high-quality education with social responsibility and