HSBC introduces pioneering liquidity solution for Middle East corporates, advancing real-time treasury management
HSBC has unveiled an innovative cash concentration solution designed to help corporate clients navigate the Middle East’s accelerating digital transformation. The HSBC Seven-Day Cash Concentration Solution empowers businesses to automate in-country liquidity management every day of the week, including weekends
Egyptian Red Crescent prioritises aid to Palestinians amid crisis
The Egyptian Red Crescent’s Board of Directors convened a meeting, chaired by Maya Morsy, Minister of Social Solidarity and Deputy Chairperson of the Board, with a primary focus on the organisation’s ongoing efforts to support Palestinians amid the current humanitarian
Egypt launches ‘Digital Pioneers’ initiative to train youth, expand tech exports
Egyptian President Abdel Fattah Al-Sisi met on Tuesday with Prime Minister Mostafa Madbouly and Minister of Communications and Information Technology Amr Talaat to review government efforts on the “Digital Pioneers” initiative, a programme designed to equip young people with advanced
Egypt, UK discuss strengthening industry, transport ties
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir met with UK Trade Envoy to Egypt Yasmin Qureshi to discuss enhancing cooperation in industry and transport. Al-Wazir emphasized the deep-rooted ties between Egypt and the
Egypt offers EGP 3bn boost for state-funded medical treatment from March to June 2025
Deputy Prime Minister for Human Development and Minister of Health and Population Khaled Abdel Ghaffar, along with Minister of Finance Ahmed Kouchouk, reviewed the progress of the presidential directive to enhance funding for state-sponsored medical treatment. This initiative, part of
Agriculture Minister invites business leaders to explore investment opportunities
Alaa Farouk, Minister of Agriculture and Land Reclamation, reaffirmed Egypt’s strong political commitment to strengthening ties with African nations, in line with President Abdel Fattah Al-Sisi’s directives. Speaking at the annual celebration of the Egyptian African Businessmen’s Association (EABA), Farouk
Tax filing deadline extended to first working day after Eid al-Fitr: ETA head
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), announced an extension of the tax filing deadline to the first working day following the official Eid al-Fitr holiday. The decision aligns with Article 18 of the Civil and Commercial
MSMEDA provides EGP 11.9bn in funding for 574,349 small, micro projects in northern Upper Egypt
Basil Rahmy, CEO of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), announced that from July 2014 to December 2024, the agency has allocated EGP 11.9bn to support 574,349 small and micro enterprises, as well as infrastructure and community
Egyptian banks report record profits of EGP 534.8bn in 2024
Banks operating in the Egyptian market recorded net profits of EGP 534.8bn in 2024, compared to EGP 283.4bn at the end of 2023, the Central Bank of Egypt (CBE) revealed on Wednesday. The CBE’s report also indicated that the total
FRA approves fintech integration for 8 non-banking financial, brokerage firms
The Financial Regulatory Authority’s (FRA) fintech committee has approved the integration of financial technology into the operations of three brokerage firms, marking a significant milestone for Egypt’s non-banking financial sector. Telda Securities, Beltone Securities, and Thndr Securities have been granted