News
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Egypt seeks greater access to Chinese markets amid trade gap
PM Madbouly aims to narrow Egypt's trade deficit with China, seeking increased access for Egyptian exports into Chinese markets.
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EBRD, Banque Misr sign $100mln sustainability-linked financing agreement
EBRD and Banque Misr partner on a $100M sustainability-linked loan, promoting green financing and environmental responsibility in Egypt.
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Egypt’s banking sector liquidity rises to EGP 12.8trn in May 2025
Egypt's banking sector liquidity swells to EGP 12.8 trillion in May 2025, indicating robust financial health and stability.
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DDC Alliance receives Chinese loan to help finance high-speed train between Port Said and Abu Qir
DDC Alliance secures Chinese financing for a high-speed rail link connecting Port Said and Abu Qir, boosting Egypt's infrastructure.
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DP World Egypt handled largest slag vessel
DP World Egypt achieves new record by successfully handling the largest slag vessel, demonstrating enhanced port capabilities and efficiency.
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Increase in agricultural exports reflects int'l confidence in Egyptian production
Rising agricultural exports signal growing global trust in Egyptian produce quality and reliability, boosting the sector's outlook.
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Egypt’s Ahmed Kouchouk named Africa Best Finance Minister for 2025
Egypt's Finance Minister, Ahmed Kouchouk, earns top African finance minister award for 2025, highlighting regional financial leadership.
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Egypt and China sign 1st phase of debt-for-development swap program
Egypt swaps part of the $8 billion owed to China into financing for health, transport, energy, education, boosting growth, and reducing FX strain.
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Egypt, China ink 3 financial cooperation agreements
Egypt and China sign 3 MoUs on yuan swap, UnionPay integration, and fintech collaboration, boosting local-currency trade and payments.
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Egypt’s central bank keeps interest rates unchanged
CBE keeps deposit at 24% and lending at 25%, pausing rate cuts amid cooling inflation and steady GDP growth.
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El Sewedy Industrial Development, Turkey’s Bony Textile Join Forces to Launch $100M Textile Factory in Egypt
El‑Sewedy teams with Turkey’s Bony Textile on a $100M factory in 10th of Ramadan, creating 2,500 jobs and boosting textile exports.
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Egypt, China central banks sign pacts to boost yuan use, payment systems
Egypt and China’s central banks sign MoUs to promote yuan use, enhance payment systems, and facilitate local currency settlements.
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Telecom Egypt restores services after Ramses Central fire
After a fire at Cairo’s Ramses telecom hub killed 4 and cut service to 62%, telecom traffic was rerouted and restored within 24 hrs.
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Egypt’s Mobile Operators "Reroute Network" Traffic After Ramses Central Office Fire
Vodafone, Orange, and Etisalat reroute traffic post-Ramses fire to backup centers, minimizing service disruption across Egypt.
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CIB inks $19.4mln financing deal with OSL for Giza Pyramids sound and light project
CIB provides $194M to OSL to modernize the Giza Pyramids sound & light show, upgrading the experience and boosting tourism revenue.
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Cabinet Holds Weekly Meeting on Political, Economic, Social Files
Egypt’s cabinet reviewed key political, economic, and social initiatives, reinforcing policy continuity and reform momentum.
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Is Central Bank of Egypt poised for fresh rate cut on Thursday?
CBE decides to hold rates steady at the July meeting, balancing inflation risks with growth stability.
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Egypt strawberry exports to Germany hit five-year high
Spain, Greece, and the Netherlands dominate Germany’s strawberry import market, supplying around 90% of total imports.
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Egypt’s Abu Mena Monastery removed from UNESCO danger list
The List of World Heritage in Danger highlights threats to important sites and aims to rally international support to help protect them.
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Egyptian authorities race to contain fallout from fatal telecom fire
The response came after a blaze late on Monday at the Ramses Central building killed four workers and injured at least 22 others.