Al-Mashat says Egypt, Bahrain seek stronger economic ties
Egypt and Bahrain are keen to strengthen their economic partnership. Rania Al-Mashat, Minister of Planning and Economic Development, attended the Egyptian-Bahraini Joint Committee meeting here and stressed the close ties between the two nations. The meeting, chaired by Ahmed Kouchouk,
HDB doubles net profits to EGP 11bn in 2024, marking 83.1% surge
The Housing and Development Bank (HDB) has reported a substantial increase in pre-tax and provisioned profits, reaching EGP 16.855bn in 2024, compared to EGP 9.444bn in 2023. This marks a rise of EGP 7.411bn or 78.5%. Net profits after tax
Egyptian Minister praises Nile Basin consultations, voices GERD concerns
Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, has commended the recent ministerial decision to launch a consultative process involving seven Nile Basin countries to explore a path forward based on consensus. The countries involved are Uganda, South Sudan,
UAE to Install Over 500 Electric Vehicle Charging Stations by 2025
The United Arab Emirates (UAE) plans to install more than 500 electric vehicle (EV) charging stations by the end of 2025. Sharif Al Olama, the UAE’s Under-Secretary for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure, announced
Shell Egypt promotes youth innovation, entrepreneurship at EGYPES 2025
Shell Egypt showcased its commitment to youth empowerment and sustainable innovation at EGYPES 2025, highlighting its NXplorers Awards Ceremony and the Shell Intilaaqah Egypt programme. These social investment programmes aim to develop future energy leaders and entrepreneurs, providing them with
CIB reports full-year 2024 consolidated net income of EGP 55.2bn, up 86% YoY
Commercial International Bank (CIB) today announced its fourth-quarter 2024 consolidated net income of EGP 12.8bn, reflecting a 78% increase from the same period in 2023. Full-year 2024 consolidated net income reached EGP 55.2bn, or EGP 16.4 per share, marking an
ETA, Egyptian-Chinese Business Association sign cooperation protocol to boost investment
The Egyptian Tax Authority (ETA) has signed a cooperation protocol with the Egyptian-Chinese Business Association to enhance voluntary tax compliance and foster a stable business environment conducive to economic growth. This initiative aligns with directives from Minister of Finance Ahmed
Egypt inks deal for first local ultrasound device factory
Deputy Prime Minister and Minister of Health and Population, Khaled Abdel Ghaffar, oversaw the signing of a cooperation protocol to establish Egypt’s first ultrasound device manufacturing facility. The initiative is a partnership between Tatweer Medical Industries and leading Chinese medical
Egypt, Germany discuss strengthening cooperation on water management
Egypt’s Minister of Water Resources and Irrigation, Hani Sweilem, met on Wednesday with Mario Sander, Head of the Middle East and North Africa Department at the German Federal Ministry for Economic Cooperation and Development, to explore ways to enhance bilateral
Egypt advances development of Sokhna–Dekheila logistics corridor
Egypt’s Ministry of Transport is moving forward with the development of the integrated Sokhna–Alexandria container logistics hub, a cornerstone of the country’s strategic vision to strengthen its global trade position. The project aims to establish a seamless connection between the