NFAs in Egypt’s banking sector rise by EGP 115.2bn during FY 2024/25
The Central Bank of Egypt (CBE) has revealed that net foreign assets (NFAs) within the banking system rose by the equivalent of EGP 115.2bn during the fiscal year (FY) 2024/2025, recording a growth rate of 18.4%. This increase resulted from
Egypt’s government complaints system received 193,000 requests in October
Egypt’s unified government complaints system received 193,000 complaints, requests, and inquiries in October, with ministries handling 62% of the total, the prime minister’s office said. Prime Minister Mostafa Madbouly reviewed a detailed report on the system’s performance and praised the
Egypt launches world’s largest palm farm in Toshka, Al-Owainat with 2.3 million trees
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir has stated that the 8th International Egyptian Dates Festival is receiving strong state support, reflecting Egypt’s focus on developing promising industrial and export sectors. The festival
Trump announces US boycott of G20 summit in South Africa over ‘human rights abuses’
US President Donald Trump said on Friday that no US government official will attend the Group of 20 (G20) summit in South Africa later this month, citing what he described as “human rights abuses” occurring in the country. “It is
NBE leads EGP 1bn syndicated loan to finance Mashareq Real Estate’s ZAG East in New Cairo
The National Bank of Egypt (NBE) has led a consortium of banks to arrange a long-term syndicated loan worth approximately EGP 1bn for Mashareq Real Estate Investment, a subsidiary of Pioneers Properties for Urban Development (PRE Group). The financing will
Egypt to adopt World Bank Human Capital Report as roadmap for government policy
Egypt will adopt the World Bank’s Human Capital Report on Egypt as a roadmap for government policy, aligning national development strategies with global human capital indicators and the country’s long-term sustainability goals, Minister of Health and Population Khaled Abdel Ghaffar
Egypt’s FM meets Algerian president to discuss Gaza reconstruction, Libya crisis
Egyptian Foreign Minister Badr Abdelatty met with Algerian President Abdelmadjid Tebboune in Algiers on Wednesday, where he delivered a written message from his counterpart, President Abdel Fattah Al-Sisi. During the meeting, Abdelatty reviewed the outcomes of the Sharm El-Sheikh Peace
ICCD launches B57+ initiative to strengthen economic integration among Islamic nations
The Islamic Chamber of Commerce and Development (ICCD) has announced the launch of the B57+ Initiative during the 2025 Business Leaders Summit in Istanbul, marking a significant step forward in economic cooperation and private-sector integration among member states of the
Transcargo International receives Egypt’s first customs licence as port-based distribution centre
Transcargo International (TCI), operating at Adabiya Port under the Suez Canal Economic Zone (SCZONE), has been granted Egypt’s first customs licence to operate as a port-based distribution centre — a milestone that supports the state’s strategy to position Egypt as
Standard Bank to launch representative office in Egypt on 12 November
Standard Bank Group, Africa’s largest financial institution by assets, announced that it will officially launch its Representative Office in Egypt on 12 November 2025, marking a significant milestone in the Group’s strategy to deepen its engagement across North Africa and