Business
Egypt’s tourism sector expected to generate approximately US$100 billion in revenue
August 19, 2025
Egypt’s tourism sector expected to generate approximately US$100 billion in revenue
Credit rating agency Fitch Solutions anticipates Egypt to generate approximately US$97 billion in tourism revenues by 2029, the privately-owned al-Mal…
PM heads to Japan to attend TICAD 9 Summit
August 19, 2025
PM heads to Japan to attend TICAD 9 Summit
Prime Minister Mostafa Madbouly departed Cairo on Monday, August 18, 2025, for Japan to represent President Abdel Fattah al-Sisi at…
Egypt’s 1st fully digital bank, onebank, secures CBE approval
August 18, 2025
Egypt’s 1st fully digital bank, onebank, secures CBE approval
Misr Digital Innovation (MDI) has received official approval from the Central Bank of Egypt (CBE) to transform into onebank, the…
Petroleum Ministry saves $3.6 bn in fuel import costs in FY 2024-2025
August 16, 2025
Petroleum Ministry saves $3.6 bn in fuel import costs in FY 2024-2025
Minister of Petroleum and Mineral Resources Karim Badawi announced that recent government measures, topped by offering investment incentives to partners…
PM reports economic gains, foreign reserve growth
August 14, 2025
PM reports economic gains, foreign reserve growth
CAIRO, Aug 13 (MENA) – Prime Minister Mostafa Madbouly said that the economy is showing strong performance, with foreign reserves…
Cabinet spox: pound’s rise shows strength of economy
August 14, 2025
Cabinet spox: pound’s rise shows strength of economy
Cabinet spokesperson Mohamed al-Homsani said that the stability of the exchange rate and the rise of the Egyptian pound against…
PM witnesses signing of contract to establish Chinese “Sailun” tire factory in SC Zone
August 13, 2025
PM witnesses signing of contract to establish Chinese “Sailun” tire factory in SC Zone
Prime Minister Mostafa Madbouly witnessed on Wednesday morning August 13,2025 the signing ceremony of a contract to establish a new…
The world’s largest sovereign wealth fund withdraws its investments from Israel
August 12, 2025
The world’s largest sovereign wealth fund withdraws its investments from Israel
Norway’s sovereign wealth fund, the world’s largest with total assets exceeding US$ 1.6 trillion, announced the divestment of several Israeli…
Standard Chartered: Egypt to receive US$6 Billion from Qatar and Kuwait before end of 2025
August 12, 2025
Standard Chartered: Egypt to receive US$6 Billion from Qatar and Kuwait before end of 2025
The Standard Chartered Bank said that the Egyptian economy will remain strong, with macroeconomic stability despite rapid global shifts –…
PM: Gov’t keen on following up on GTEZ development efforts
August 12, 2025
PM: Gov’t keen on following up on GTEZ development efforts
Prime Minister Mostafa Madbouly on Monday, August 11th, 2025, affirmed the government’s keenness to follow up on the role of…