Egypt’s SCZONE signs $13m deals for food, fertiliser projects in Sokhna
Egypt’s Suez Canal Economic Zone (SCZONE) signed two contracts on Wednesday for industrial projects in the Sokhna Industrial Zone worth a combined $13m (EGP 609m) to manufacture food products and fertilisers. Waleed Gamal El-Din, Chairperson of the SCZONE, oversaw the
Strong expectations of 1-2% cut in EGP interest rates at CBE’s first meeting of 2026
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is set to hold its first regular meeting of 2026 on Thursday to decide the fate of key policy rates – the main indicator of the short-term direction
Egypt explores healthcare cooperation with Türkiye at global health event in Dubai
Egypt’s Healthcare Authority Chairperson Ahmed El-Sobky discussed prospects for expanded healthcare cooperation with Türkiye during a visit to the Turkish pavilion at the World Health Expo (WHX 2026) in Dubai, as part of broader efforts to strengthen bilateral ties. According
Egypt, Kuwait discuss strengthening tourism cooperation
Egypt’s Minister of Tourism and Antiquities, Sherif Fathi, met with Kuwait’s Minister of State for Communications and Information Technology, Omar Saud Al-Omar – who also serves as Acting Minister of Information and Culture and Chair of the UN Tourism Regional
FRA mandates consumer finance firms to insure clients against death, permanent disability
The Financial Regulatory Authority (FRA) has mandated companies operating in the consumer finance sector to provide insurance coverage for their clients, in a move aimed at strengthening protection for users of non-banking financial services, supporting financial and social stability, and
CIB reports EGP 117bn in consolidated revenue, EGP 82.2bn net income in FY2025
Commercial International Bank-Egypt (CIB) on Tuesday reported consolidated net income of EGP 20.1bn in the fourth quarter of 2025, up 57% year on year. Full-year 2025 consolidated net income reached EGP 82.2bn, or EGP 18.2 per share, marking a 49%
Rolls-Royce powers EgyptAir’s long-haul fleet expansion with first Airbus A350-900 delivery
Rolls-Royce has marked the delivery of EgyptAir’s first Airbus A350-900, powered exclusively by Trent XWB-84 engines, as the national carrier advances its long-haul fleet modernisation programme. The aircraft is the first of 16 A350-900s ordered by EgyptAir and is set
Beltone Holding acquires Baobab Group to build pan-Africa financial platform
Beltone Holding has announced the successful completion of its acquisition of Baobab Group, through which Beltone Capital, a wholly owned subsidiary of Beltone Holding, acquired 100% of Baobab for a total consideration of €197.6m. The transaction marks Beltone’s first cross-border
Japanese investment delegation visits Egypt to strengthen infrastructure partnerships
A high-level Japanese investment delegation is visiting Egypt as part of ongoing efforts to deepen economic and investment ties between the two countries and advance cooperation on infrastructure and sustainable development projects in Egypt and across Africa. The visit is
Former World Bank official Ahmed Rostom takes over Egypt’s planning ministry
Ahmed Rostom has been appointed Egypt’s Minister of Planning and Economic Development, succeeding Rania Al-Mashat, as part of a new cabinet formation announced on Tuesday by the Speaker of the House of Representatives, Hesham Badawy. International and Financial Expertise Rostom