Egypt’s financial inclusion rate hits 74.8%, with 52 million using transaction accounts
Financial inclusion rates in Egypt continue to rise, with approximately 52 million citizens now using transaction accounts. The Central Bank of Egypt (CBE) announced on Tuesday that financial inclusion rates had reached 74.8% by the end of 2024, marking a
ETA, Commercial Professions Syndicate sign protocol to regulate relations
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), and Mahmoud El-Naghi, Head of the Accounting and Auditing Division at the Syndicate of Commercial Professions, have signed a cooperation protocol to regulate accountants’ interactions with the authority. The signing
PFI Asset Management appointed for Mawared Fund
PFI Asset Management has been officially appointed as the fund manager for the Mawared Fund, effective February 18, 2025. Established in November 2009 by Housing and Development Bank, Mawared is a prominent money market fund designed to offer stable returns
Egypt allocates EGP 6bn in compensation for Ras El-Hekma residents
Prime Minister Mostafa Madbouly chaired a meeting on Tuesday to assess the latest developments in the Ras El-Hekma development project in Matrouh’s North Coast. Attendees included Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir,
Egypt’s Petroleum Minister announces Zohr field development resumption
Karim Badr, Egypt’s Minister of Petroleum and Mineral Resources, has announced the resumption of development activities at the Zohr gas field following the arrival of the Saipem 10000 drillship in Egyptian waters at the end of January. After completing essential
CIB successfully closes EGP 7bn Sukuk issuance for “Tasaheel”
The Commercial International Bank (CIB) has successfully completed an EGP 7bn non-sovereign Sukuk issuance for “Tasaheel” for Finance, through Alkan Securities. It is the first non-sovereign issuance of its kind. The issuance is the largest of its kind in Africa
Egypt ranks among top cybersecurity nations as internet use surges amid rising threats
Egypt has solidified its position as a regional leader in digital technology, witnessing a significant rise in internet users and achieving a top cybersecurity rating, even as cyber threats intensify. Between 2022 and 2024, Egypt saw an increase of 6.3
Officials discuss boosting trade, investment between Egypt, Zambia
Egyptian and Zambian officials met to discuss ways to strengthen economic relations between the two countries, focusing on enhancing trade and investment cooperation. Hassan El-Khatib, the Egyptian Minister of Investment and Foreign Trade, met with Chipoka Mulenga, the Zambian Minister
Egyptian Prime Minister inaugurates Sports Expo 2025
Prime Minister Mostafa Madbouly, representing President Abdel Fattah Al-Sisi, inaugurated the third edition of the International Sports Expo 2025, held under the President’s patronage. Accompanied by Minister of Youth and Sports Ashraf Sobhy, alongside several ministers, ambassadors, and key sports
Egypt’s health, youth ministers discuss strengthening ties with FISU
Egypt’s Deputy Prime Minister for Human Development and Minister of Health and Population, Khaled Abdel Ghaffar, met with Ashraf Sobhi, Minister of Youth and Sports, and Leonz Eder, President of the International University Sports Federation (FISU), to explore avenues for