NBE arranges EGP 1.42bn syndicated facility for Al Qamzi’s SEAZEN project
The National Bank of Egypt (NBE) has arranged a syndicated financing facility worth EGP 1.42bn for Al Qamzi Developments to finance part of the investment costs for the first and second phases of the SEAZEN project on Egypt’s North Coast.
Istanbul Summit: Araghchi and Witkoff Seek Nuclear Thaw After Year of War
In the quiet of a high-security Istanbul venue, diplomatic couriers are laying the groundwork for a meeting that was unthinkable just eight months ago. On Friday, US Special Envoy Steve Witkoff and Iranian Foreign Minister Abbas Araghchi are scheduled to
Washington’s Territorial Ambitions Fracture NATO’s Transatlantic Defensive Shield
Defencice When 1,500 American paratroopers quietly packed their gear and departed from a strategic base near the Ukrainian border last October, the silence from Washington was louder than the transport planes. In Romania, a frontline ally, the withdrawal felt less
Egypt places 150 hospitals on high alert for Gaza casualties, mobilises up to 300 ambulances
Egypt has raised the readiness of its healthcare system to receive wounded and ill patients from Gaza, placing 150 hospitals nationwide on high alert and mobilising up to 300 fully equipped ambulances, the Ministry of Health said on Monday. Health
Egypt’s Aswan named D-8 Tourist City of the Year for 2026
Aswan has been named the “Tourist City of the Year” for 2026 by the Developing-8 (D-8) Organisation for Economic Cooperation after winning the majority of votes from member states. The Egyptian city secured the title, awarded for the second consecutive
FRA raises microfinance ceiling to EGP 292,000, expands microinsurance coverage
The Financial Regulatory Authority (FRA) has issued Decision No. 1 of 2026, raising the maximum financing limit for microenterprise funding provided by companies, associations, and civil society institutions from EGP 266,000 to EGP 292,000. In parallel, the Authority issued Decision
Egypt’s PM orders acceleration of coastal protection projects to counter climate change
Prime Minister Mostafa Madbouly on Monday ordered the immediate resolution of any financial or technical obstacles hindering the completion of Egypt’s coastal protection projects, citing the urgent need to address climate change risks. The directive followed a meeting to review
Egypt’s Rees Tech targets EGP 1bn sales in 2026 on solar energy boom
Egyptian renewable energy solutions firm Rees Tech is targeting sales of approximately EGP 1bn in 2026, driven by a rapid increase in demand for solar systems across the local market, Chairperson Ibrahim Gamal said. The 2026 target represents a doubling
M squared extends partnership for fifth Saqqara Half Marathon featuring new 21km distance
Egyptian real estate developer M squared has extended its title sponsorship of the Saqqara Half Marathon for a third consecutive year, as the event prepares to introduce a 21-kilometre distance for the first time. The fifth edition of the race,
Air Cairo launches first flights from Capital International Airport to Jeddah
Capital International Airport marked a new milestone on Sunday with the launch of the first Air Cairo flight from the airport to King Abdulaziz International Airport in Jeddah, reinforcing its growing role as a strategic hub within Egypt’s civil aviation