National Bank of Egypt reported a 2025 net profit of EGP 175.5 billion, CIB plans to invest up to EGP 2 billion in the MNT-Halan share offering, and ICT growth …
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Egypt
Presidents Al-Sisi and Mahama met in New El-Alamein on 4 October to discuss stronger trade and investment links as Ghana prepares to chair the African Union in 2027.
- AfricaBankingBusiness UpdatesCommoditiesEconomyFinanceInternationalTrade
Egypt’s Foreign Reserves Rise to $49.25 Billion
The Central Bank of Egypt (CBE) said on Monday that the country’s net international reserves grew to $49.25 billion in August 2025, compared to $49.04 billion in July. This means …
- AfricaAFRICA NEWSEastern AfricaFood ProductionInternational RelationsSecurity
WFP Warns Food Aid for Sudanese Refugees May End in Four Countries
The United Nations World Food Programme (WFP) has issued a stark warning that food assistance for Sudanese refugees in four neighbouring countries could be completely suspended within the next two …
- 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 …
- 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 …
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