Egypt, China’s XD Group discuss localising electrical equipment manufacturing
Mahmoud Essmat, Minister of Electricity and Renewable Energy, met with Zhou Qi Qi, Chairperson of China’s XD Group, and his delegation, in the presence of Mona Rizk, Chairperson of the Egyptian Electricity Transmission Company, and Osama Abdullah, Chairperson of EGEMAC.
Local liquidity in banking sector rises to EGP 13.68trn in October 2025
The Central Bank of Egypt (CBE) has reported an increase in total local liquidity within the banking sector, reaching EGP 13.686trn in October 2025, up from EGP 13.622trn in September. According to the CBE’s latest report, money supply (M2) rose
Egypt launches 32nd International Quran Competition with participants from over 70 countries
Egypt on Saturday inaugurated the 32nd edition of the International Holy Quran Competition, held under the patronage of President Abdel Fattah Al-Sisi and named this year after renowned Egyptian reciter Sheikh El-Shahat Mohamed Anwar, one of the country’s most distinguished
Egypt forecasts economic growth of at least 5% this fiscal year, minister tells IMF
Egypt expects its economy to grow by at least 5% by the end of the current fiscal year, supported by a continued pace of structural reforms, Planning Minister Rania Al-Mashat said on Saturday. Speaking during a meeting with an International
IMF praises Egypt’s notable progress on investment, trade reforms
The International Monetary Fund (IMF) mission, currently in Cairo to conduct the fifth and sixth reviews of Egypt’s Extended Fund Facility programme, has commended the substantial progress achieved in the country’s investment and trade reform files. The mission affirmed that
Al-Sisi reviews expansion of Japanese school model in Egypt
Egyptian President Abdel Fattah Al-Sisi met on Saturday with a delegation of Japanese education experts to discuss enhancing cooperation on the Japanese school model in Egypt, praising Japan’s disciplined and effective contribution to improving teaching quality, according to the presidency.
Eight Arab, Muslim states reject any displacement of Palestinians
Eight Arab and Muslim countries–Egypt, Saudi Arabia, Qatar, Jordan, the UAE, Türkiye, Pakistan, and Indonesia–expressed concern over Israeli statements suggesting that the Rafah crossing could be used unilaterally to move Gaza’s population into Egypt. In a joint statement, their foreign
Egypt launches National Health Compact to expand access to quality care
Egypt has joined 14 other countries in launching a National Health Compact, marking a major step toward expanding access to quality and affordable healthcare for millions of citizens. The initiative aligns with the World Bank Group’s goal, set in April
United Bank to roll out specialised healthcare financing packages, including green financing: Kashmiry
Nevine Kashmiry, Deputy Managing Director for Business Sectors at United Bank, announced that the bank is preparing to introduce a suite of specialised financing products tailored to the healthcare sector. These include a high-tech medical equipment financing product with flexible
UNIDO, partners expand Egypt’s Circular ICT Initiative, unveil new partnership strategy
The United Nations Industrial Development Organization (UNIDO), the Delegation of the European Union to Egypt, the government of Finland, and the Egyptian ministry of industry, together with major technology partners including Orange Group, Nokia and Cordon, celebrated the progress of