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
Pakistan marks 85th National Day with Cairo reception
The Pakistani embassy in Cairo hosted a reception on April 8, 2025, to commemorate Pakistan’s 85th National Day. Egypt’s Minister of Public Business Sector, Engineer Mohamed Shimi, served as chief guest. Ambassador Aamir Shouket, in his address, paid tribute to
Opinion | Egypt Unyielding: Defying Pressure and Defining Destiny
For millennia, Egypt has been a cornerstone of both regional and global affairs, with its influence remaining steadfast and undeniable. Today, as geopolitical tensions flare and shifting alliances reshape the Middle East, the country once again finds itself at the
Israeli assault on Gaza intensifies amid deepening humanitarian crisis
The Israeli assault on the Gaza Strip has escalated at an alarming pace, entering its seventh month with a significant surge in civilian casualties and injuries. The ongoing blockade continues to prevent the delivery of essential food and medical supplies,
Bahr Al-Baqar: When Israel Massacred Egyptian Children
On the morning of Wednesday, April 8, 1970, inside a modest, two-room schoolhouse in the village of Al-Salhiya, Sharqia Governorate, children in Egypt were embarking on another day of lessons. Just 110 kilometres from Zagazig, Bahr Al-Baqar Primary School was
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
Egypt, Jordan, and France call for immediate ceasefire, int’l support for Gaza reconstruction
The leaders of Egypt, Jordan, and France held a joint phone call with US President Donald Trump on Monday to discuss securing an immediate ceasefire in Gaza, as stated by the Egyptian presidency. The call took place after a trilateral