Annual urban inflation drops sharply to 12.8% in February 2025: CBE
Egypt’s annual urban headline inflation fell significantly to 12.8% in February 2025, down from 24.0% in January, marking its lowest level in nearly three years. This sharp decline was largely driven by a favorable base effect and stable monthly price
Air Liquide Egypt, UEG sign MoU for green ammonia project
Air Liquide Egypt and United Energy Group (UEG) have signed a Memorandum of Understanding (MoU) to collaborate on sustainable energy transition projects in Egypt, focusing on the production of low-carbon ammonia derived from renewable hydrogen. Egypt, with its abundant renewable
GAFI and Mashreq Bank to promote investment opportunities in Egypt
Egypt’s General Authority for Investment and Free Zones (GAFI) and Mashreq Bank Egypt have signed a memorandum of understanding (MoU) to enhance cooperation in the field of investment and promote Egypt’s growing business opportunities. The MoU was signed on
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