Spinneys Egypt Strengthens Presence with 35th Store Opening in New Cairo
Spinneys Egypt has officially opened its newest store at The Gray mall in First Settlement, New Cairo, marking another milestone in the company’s ambitious expansion strategy. The new store, located next to Ahl Masr Hospital, spans 1,400 square meters
Egyptian bank assets climb to EGP 24.8trn as household deposits lead growth
The aggregate balance sheet of banks operating in the local market — excluding the central bank — rose to EGP 24.752trn by end-August 2025, compared with EGP 24.275trn by end-June 2025, an increase of around EGP 477bn, the Central Bank
Finance Ministry plans local debt tenders worth EGP 843bn in February
Egypt’s Ministry of Finance has announced plans to issue local debt instruments worth EGP 843bn in February 2025, as part of a broader plan published on the ministry’s official website. The plan includes tenders totalling EGP 2.703tn during the third
Egypt and Rwanda agree executive action plan for water management projects
Egypt and Rwanda have signed an executive action plan to activate a bilateral memorandum of understanding on water resources management and irrigation, Egypt’s water ministry said on Saturday. The agreement was finalised during an official visit by Egyptian Water Resources
Middle East Green Initiative backs land restoration, $12 bln pledged to fight desertification
Egypt’s acting environment minister Manal Awad said on Saturday that the ministerial declaration issued after the second meeting of the Middle East Green Initiative’s ministerial council reaffirmed member states’ commitment to strengthen regional cooperation to combat land degradation, halt desertification
Egypt’s Finance Ministry seeks to align international aid with fiscal reform priorities
Egypt is seeking to align international development support with state fiscal reform priorities to maximise the effectiveness of technical and financial aid, Deputy Finance Minister for Fiscal Policy Yasser Sobhi said on Saturday. Speaking at the third annual meeting of
Gold prices fall sharply in Egypt as global markets retreat from record highs
Gold prices in the Egyptian market fell sharply on Saturday as global rates retreated from record highs following the nomination of Kevin Warsh as the next US Federal Reserve Chair. The price of 21-carat gold, the local benchmark, dropped by
Egypt assumes AU Peace and Security Council presidency in February with focus on Sudan, Somalia
Egypt will assume the presidency of the African Union (AU) Peace and Security Council on Feb. 1, with a primary focus on addressing the ongoing conflicts in Sudan and Somalia. The one-month presidency comes at a time of increasing security,
CBE launches first AI diploma for Egyptian banking sector
The Central Bank of Egypt (CBE) has signed a memorandum of understanding to launch the country’s first specialised diploma in artificial intelligence (AI) for the banking sector, Governor Hassan Abdalla announced on Tuesday. The initiative, launched under the “Digital Academy”
Egypt moves to modernise real estate sector with unified regulations, digital export platform
Egypt’s real estate sector is undergoing a comprehensive transformation aimed at enhancing transparency, standardising practices, and attracting foreign investment, according to Ahmed Ibrahim, Vice Chairperson of the New Urban Communities Authority (NUCA) for Planning and Projects and Deputy Minister of