Local liquidity in banking sector rises to EGP 13.68trn in October 2025
The Central Bank of Egypt (CBE) has reported an increase in total local liquidity within the banking sector, reaching EGP 13.686trn in October 2025, up from EGP 13.622trn in September. According to the CBE’s latest report, money supply (M2) rose
Egypt forecasts economic growth of at least 5% this fiscal year, minister tells IMF
Egypt expects its economy to grow by at least 5% by the end of the current fiscal year, supported by a continued pace of structural reforms, Planning Minister Rania Al-Mashat said on Saturday. Speaking during a meeting with an International
IMF praises Egypt’s notable progress on investment, trade reforms
The International Monetary Fund (IMF) mission, currently in Cairo to conduct the fifth and sixth reviews of Egypt’s Extended Fund Facility programme, has commended the substantial progress achieved in the country’s investment and trade reform files. The mission affirmed that
Al-Sisi reviews expansion of Japanese school model in Egypt
Egyptian President Abdel Fattah Al-Sisi met on Saturday with a delegation of Japanese education experts to discuss enhancing cooperation on the Japanese school model in Egypt, praising Japan’s disciplined and effective contribution to improving teaching quality, according to the presidency.
Egypt launches National Health Compact to expand access to quality care
Egypt has joined 14 other countries in launching a National Health Compact, marking a major step toward expanding access to quality and affordable healthcare for millions of citizens. The initiative aligns with the World Bank Group’s goal, set in April
United Bank to roll out specialised healthcare financing packages, including green financing: Kashmiry
Nevine Kashmiry, Deputy Managing Director for Business Sectors at United Bank, announced that the bank is preparing to introduce a suite of specialised financing products tailored to the healthcare sector. These include a high-tech medical equipment financing product with flexible
UNIDO, partners expand Egypt’s Circular ICT Initiative, unveil new partnership strategy
The United Nations Industrial Development Organization (UNIDO), the Delegation of the European Union to Egypt, the government of Finland, and the Egyptian ministry of industry, together with major technology partners including Orange Group, Nokia and Cordon, celebrated the progress of
Egypt-Greece trade hits $2bn: GAFI
Yasser Abbas, Deputy CEO of the General Authority for Investment and Free Zones (GAFI), announced that economic relations between Egypt and Greece continue to strengthen, with bilateral trade reaching approximately $2bn and more than 200 Greek companies now active across
CIB named Egypt’s Bank of the Year 2025 as factoring portfolio hits EGP 4bn
Commercial International Bank (CIB) has secured The Banker’s Bank of the Year 2025 award for Egypt, cited for the rapid expansion of its factoring subsidiary and the broadening of its sustainable lending to small and medium-sized enterprises (SMEs). The bank’s
Egypt, Volkswagen discuss multi-stage plan to localise car manufacturing
Egypt’s Vice Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, held a virtual meeting with Thomas Schäfer, CEO of the Volkswagen brand and member of the Volkswagen Group Board of Management, to discuss the company’s