Banks in Egypt made a huge net profit of EGP 152.76 billion during the first quarter of 2025. This was made known in a report released by the Central Bank …
Banking, Finance & InvestmentDevelopmentEconomyEgyptFinance & Services
Category:
Egypt
-
-
The General Petroleum Company (GPC) in Egypt has announced a new oil discovery in Abu Sannan area of the country’s Western Desert. The announcement was made in line with the …
-
EgyptELECTRICITYEnergySecurity
Egypt Boosts Gas Supply to Keep Electricity Flow Amid Regional Tensions
The Prime Minister of Egypt, Mostafa Madbouly, has announced that the Egyptian government is making strong efforts to make sure there is enough energy, especially natural gas, to keep power …
-
AviationEgyptFinance & ServicesInfrastructureTravel & Tourism
Egypt to Give First Airport to Private Sector Before Year’s End
The Egyptian Prime Minister, Mostafa Madbouly, has announced that the government plans to hand over the first of its airports to a private company to manage and operate it before …
-
DevelopmentEgyptEnergyFinance & Services
Egypt Signs Major Deals to Boost Private Sector, Expand Green Energy
The Egyptian government has signed a series of big agreements with development partners and private companies to help grow its private sector and increase green energy production. The signing ceremony …
-
DevelopmentEconomyEgyptEnergyFinance & Services
Egypt Raises $15.6 Billion in Development Financing for Private Sector
Egypt has gotten a total of $15.6 billion in development financing from over 30 international organizations and donors to help grow its private sector. This financing covers a period from …
-
AfricaDevelopmentDigital EconomyEconomyEgyptFintechInnovationKenyaNigeriaSouth AfricaTechnology
From Local Challenges to Global Solutions: How African Startups Are Attracting World Attention
Africa’s startup ecosystem is no longer a nascent curiosity; it’s a vibrant, innovative powerhouse rapidly gaining global recognition and attracting significant international investment. Once overlooked, the continent is now celebrated …
-
DevelopmentEconomyEgyptFinance & ServicesGOVERNMENTNorth Africa
Egypt’s Finance Ministry Rolls Out Measures to Boost Economy and Support Citizens
The Egyptian Ministry of Finance has announced new steps to boost economic activity and encourage private sector growth. The move also targets support for key industries in the country. These …
-
EconomyEgyptFinance & ServicesGOVERNMENTInternational RelationsNorth Africa
Egypt’s External Debt Drops by $12.9 Billion in 2024 – Reforms Credited for Major Relief
Egypt has recorded its biggest drop in external debt in history, reducing its foreign debt burden by about US$12.9 billion in 2024. This brings the total to $155.093 billion by …
-
Banking, Finance & InvestmentEgyptNorth AfricaTrade and Commerce
Egypt’s Foreign Assets Rise by $1.5 Billion in One Month – Central Bank Confirms
The Central Bank of Egypt (CBE) has announced that the country’s net foreign assets recorded a sharp increase of over US$1.5 billion in February 2025. This pushed the total to …