EGP 911.5bn in total financing provided by FRA-regulated entities in 2024: Chairperson
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), unveiled key performance indicators for the non-banking financial sector, reporting that total financing granted by FRA-regulated entities reached approximately EGP 911.5bn in 2024. This marks a 2% increase from EGP 893.5bn
Egyptian Drug Authority, Sandoz discuss oncology drug localisation
The Chairperson of the Egyptian Drug Authority (EDA), Ali Ghamrawy, has met with a high-level delegation from Sandoz, a global pharmaceutical company, to discuss strengthening cooperation and localising the production of oncology drugs in Egypt. The Sandoz delegation was headed
Egypt’s Housing Ministry unveils ‘Your Home in Egypt’ initiative for expats
The Ministry of Housing, Utilities, and Urban Communities has officially launched the Your Home in Egypt initiative, which provides Egyptian expatriates with the opportunity to purchase residential units in 12 prestigious projects across the country. This initiative, launched in collaboration
Egypt, China FMs discuss strengthening bilateral relations, regional issues
Egypt’s Minister of Foreign Affairs, Badr Abdelatty, held a phone call with his Chinese counterpart, Wang Yi, to discuss the strengthening of bilateral relations and the latest developments in the Middle East. According to a statement from Ministry of Foreign
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,
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,
Egypt and Jordan’s rejection appears to sway Trump on Gaza plan
US President Trump on Friday appeared to walk back his proposal to relocate approximately two million Palestinians from the Gaza Strip to neighbouring Middle Eastern countries, to allow the United States to develop the territory into a “Riviera of the
Al-Sisi, Sanchez oppose Palestinian displacement, advocate Gaza reconstruction
Egyptian President Abdel Fattah Al-Sisi on Wednesday urged the international community to support rebuilding Gaza without displacing its residents, as reports emerged of internal Israeli disagreements over a US plan to relocate Palestinians. Speaking at a press conference in Madrid
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
“Our Uncle Salah Jahin”: National Centre for Translation Tribute to Egyptian Cultural Icon
The National Centre for Translation, directed by Karma Sami, hosted a celebration on Wednesday honouring the multifaceted artist Salah Jahin, titled “Our Uncle… Salah Jahin”. Held in the Taha Hussein Hall at the centre’s headquarters in Cairo’s Opera House Square,