Record 2025 results, digital leap drive Suez Canal Bank’s growth: CEO El-Maghraby
Akef El-Maghraby, Chief Executive Officer and Managing Director of Suez Canal Bank, said the bank achieved unprecedented financial and operational results in 2025, consolidating its position in Egypt’s banking sector through a comprehensive strategy that combined strong financial performance, accelerated
ADIB-Egypt leads Islamic banking market in 2025, reports EGP 12.6bn in net profit
Abu Dhabi Islamic Bank–Egypt (ADIB-Egypt) announced record financial results for 2025, driven by robust performance across all business lines and sustained operational growth. The bank’s annual results showed strong year-on-year expansion across key financial indicators. Total assets increased by EGP
Futures contracts: Diversifying financial instruments and building a competitive, transparent market
The decision by the Financial Regulatory Authority (FRA) to grant the Egyptian Exchange (EGX) a licence to establish and operate a futures exchange marks a pivotal moment in the evolution of Egypt’s capital markets. It reflects a strategic shift towards
Planning, finance ministers coordinate on FY2026/27 investment plan, state budget
Ahmed Rostom, Minister of Planning and Economic Development, held a coordination meeting with Ahmed Kouchouk, Minister of Finance, to discuss preparations for the investment plan and state budget for the 2026/2027 fiscal year, underscoring the integrated approach between the two
WHO-certified Egyptian drug expertise to lead Africa’s “strategic” shift in medicine production
Local manufacturing of health products is no longer a developmental option but a “strategic necessity” to ensure African health sovereignty and security, Egypt’s Minister of Foreign Affairs and International Cooperation said on Saturday. Speaking at a presidential roundtable on health
Al-Sisi orders social support package ahead of Ramadan, reviews fiscal reform agenda
Egypt will roll out a new social support package this week to assist vulnerable and low-income groups ahead of the high-demand Ramadan season, the Egyptian Presidency announced on Saturday. During a meeting with Prime Minister Mostafa Madbouly and Finance Minister
Egypt reaffirms commitment to African stability at AU summit: FM Abdelatty
Egypt’s Foreign Minister Badr Abdelatty underscored Cairo’s commitment to advancing peace and stability across the continent as he presented the annual report of the African Union Peace and Security Council during the African Union summit in Addis Ababa. Addressing African
Japanese firms explore expansion in Egypt’s infrastructure sector after Cairo forum
Japanese companies are looking to expand their footprint in Egypt’s infrastructure sector following high-level discussions at the first Egyptian-Japanese Dialogue Forum on Infrastructure Quality, held in Cairo. The forum was organised by the Egypt-Japan Business Council in cooperation with Japan’s
Market awaits impact of 1% rate cut on savings, loans, and government debt
The Egyptian market is awaiting banks’ return to work on Sunday to assess how lenders will adjust interest rates on savings products and loan facilities following the decision by the Central Bank of Egypt (CBE) to cut key rates by
Egypt to transfer 40 state companies to sovereign fund and list 20 on stock exchange
Egypt is preparing 60 state-owned companies for either transfer to its sovereign wealth fund or listing on the stock exchange, the head of the government’s state-owned enterprises unit said on Wednesday. Hashem El Sayed, assistant to the prime minister and