Dollar’s rise within normal range under flexible exchange rate system: Madbouly
Prime Minister Mostafa Madbouly affirmed on Wednesday that the recent uptick in the US dollar’s value against the Egyptian pound is a normal development within currency markets and poses no cause for concern. He emphasized that Egypt adheres to a
No intervention in foreign exchange market; it operates freely: CBE’s Deputy Governor
Rami Aboul Naga, Deputy Governor of the Central Bank of Egypt (CBE), confirmed that the bank is not intervening in the foreign exchange market, stating that there is currently no benefit to such intervention. “The market is responding and correcting
CBE governor meets AFI chief to discuss financial inclusion progress
Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), met with Alfred Hannig, Chief Executive Officer of the Alliance for Financial Inclusion (AFI), on 7 April, in the presence of several CBE officials. During the meeting, Governor Abdalla expressed
Mashroo3k injects EGP 32.1bn to fund over 213k projects since launch
Manal Awad, Minister of Local Development, announced that the national initiative for community, human, and local development—Mashroo3k (Your Project)—has financed 213,313 projects with total investments reaching EGP 32.1bn since its inception in 2015. The programme has played a key role
AAIB announces robust 2024 results, net profits hits $301m
A $301m net profit for 2024 has been announced by the Arab African International Bank (AAIB), driven by its shift towards a liabilities-driven market approach. Tamer Waheed, Vice Chairperson and Managing Director, said: “Our shift, towards a liabilities driven market
AAIB announces robust 2024 results, net profits hits $301m
A $301m net profit for 2024 has been announced by the Arab African International Bank (AAIB), driven by its shift towards a liabilities-driven market approach. Tamer Waheed, Vice Chairperson and Managing Director, said: “Our shift, towards a liabilities driven market
Alameda partners with Philips to advance healthcare delivery in Egypt
Alameda Healthcare Group, one of Egypt’s leading private healthcare providers, has signed a Memorandum of Understanding (MoU) with global health technology leader Philips to advance healthcare delivery and improve patient care across the country. Under the agreement, both parties will
France commits €4bn in financing to support Egypt’s public, private sectors
Egypt’s Ministry of Planning, Economic Development, and International Cooperation announced that the French government has extended approximately €4bn in financing to support Egypt’s public and private sectors. The package includes €3.5bn allocated to public sector projects, $500m to boost private
Egypt explores Jordanian digital solution to enhance waste management system
Egypt’s Minister of Environment, Yasmine Fouad, met with representatives from Jordan’s Tajanus Group for Ownership and Commercial Projects to review a smart digital solution for waste collection and management developed by the company. The meeting, held at the Ministry’s headquarters
Egypt, France deepen higher education ties with new cooperation phase
Egypt and France have launched a new phase of strategic cooperation in higher education and scientific research, with joint academic programmes and linking education to industry among the top priorities. The initiative was highlighted at the Egyptian-French Forum for Higher