Egypt expands power grid as electricity losses reach 4.6bn kWh
Egypt is coordinating with Russian partners to accelerate the execution timelines of the El Dabaa Nuclear Power Plant as part of a broader strategy to secure sustainable energy, Minister of Electricity and Renewable Energy Mahmoud Esmat said on Sunday. The
Egypt’s water minister joins Rwanda’s community service day during official visit
Egypt’s Water Resources and Irrigation Minister Hani Sewilam took part in Rwanda’s monthly community service day known as “Umuganda” during his official visit to the country, Egypt’s water ministry said on Sunday. The ministry said Sewilam participated at the
Al-Sisi, Jordan’s king reject Palestinian displacement, urge full Gaza truce implementation
Egyptian President Abdel Fattah Al-Sisi met Jordan’s King Abdullah II in Cairo on Sunday, with both leaders reaffirming their rejection of any attempts to displace Palestinians from their land and calling for full implementation of the ceasefire agreement in Gaza,
Wealth Holding launches EGP 10bn Citra Residence in New Sheikh Zayed
Wealth Holding has launched Citra Residence in New Sheikh Zayed City, marking the company’s first residential development in West Cairo with a total investment of EGP 10bn. The project was officially unveiled by Soheir Karim, Non-Executive Chairperson of Wealth Holding,
CBE launches Soft POS service for contactless mobile payments to cut merchant costs
The Central Bank of Egypt (CBE) has officially launched a contactless electronic payment acceptance service that allows merchants to use smartphones and tablets as electronic points of sale (POS). The service utilizes Soft POS applications, enabling smart devices to function
Spinneys Egypt Strengthens Presence with 35th Store Opening in New Cairo
Spinneys Egypt has officially opened its newest store at The Gray mall in First Settlement, New Cairo, marking another milestone in the company’s ambitious expansion strategy. The new store, located next to Ahl Masr Hospital, spans 1,400 square meters
Egyptian bank assets climb to EGP 24.8trn as household deposits lead growth
The aggregate balance sheet of banks operating in the local market — excluding the central bank — rose to EGP 24.752trn by end-August 2025, compared with EGP 24.275trn by end-June 2025, an increase of around EGP 477bn, the Central Bank
Opinion | The Grand Barter: Accounting Ambition vs. Strategic Stability
Protecting the Suez Canal as a sovereign asset and the Central Bank of Egypt (CBE) as the guardian of monetary policy requires both to remain on strictly independent tracks. At first glance, the idea of transferring the Suez Canal’s assets
Finance Ministry plans local debt tenders worth EGP 843bn in February
Egypt’s Ministry of Finance has announced plans to issue local debt instruments worth EGP 843bn in February 2025, as part of a broader plan published on the ministry’s official website. The plan includes tenders totalling EGP 2.703tn during the third
Egypt and Rwanda agree executive action plan for water management projects
Egypt and Rwanda have signed an executive action plan to activate a bilateral memorandum of understanding on water resources management and irrigation, Egypt’s water ministry said on Saturday. The agreement was finalised during an official visit by Egyptian Water Resources