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
Egypt’s information minister Diaa Rashwan: From SIS head to cabinet member
Diaa Rashwan has been appointed Minister of State for Information in Prime Minister Mustafa Madbouly’s new cabinet, transitioning from a career spanning academia, journalism, and state media management. State Media and Diplomacy Since June 2017, Rashwan has served as the
Khaled Hashem appointed Egypt’s Minister of Industry, Trade
Egypt has announced a cabinet reshuffle that includes the appointment of Khaled Hashem as Minister of Industry and Trade, succeeding Kamel Al-Wazir. The move is widely seen as part of the government’s push to accelerate industrial development, boost exports, and
PROFILE-Egyptologist Gihane Zaki takes helm as Egypt’s culture minister
Gihane Zaki has been appointed Egypt’s Minister of Culture, becoming the third woman to lead the ministry in the country’s history. Zaki succeeds Nevine Al-Kilani, who held the post from August 2022 to June 2024, and Ines Abdel-Dayem, who served
Randa El-Menshawy takes helm of Housing Ministry
Randa El-Menshawy, previously First Assistant to the Prime Minister for Follow-Up Affairs, has been appointed Minister of Housing, Utilities, and Urban Communities in the new cabinet, succeeding Sherif El-Sherbiny. Her nomination reflects the government’s broader strategy to rely on experienced
Opinion | Living With Reality: Egypt, Israel, and the Limits of Denial
For decades, the Arab Israeli conflict has been framed in absolute emotional terms: love or hate, victory or defeat, resistance or betrayal. This language, while capable of mobilising sentiment, has repeatedly failed to deliver peace, justice, or stability. What confronts