Month: May 2025

The Financial Regulatory Authority (FRA) announced that entities under its supervision provided a total of EGP 283.6bn in financing during the first quarter (Q1) of 2025. This includes all regulated non-banking financial activities, such as capital markets, insurance, leasing, and consumer finance. In its quarterly report, the FRA revealed that…

Egypt’s ready-made garment (RMG) exports soared by 22% during the first four months of 2025, reaching $1.028bn compared to $840m during the same period in 2024, according to the latest report by the Apparel Export Council of Egypt (AECE). The council’s data showed a strong monthly performance, with exports in…

Giza Systems (GS), a leading digital transformation enabler and systems integrator in the Middle East and Africa (MEA), has announced a bold new strategic direction aimed at cementing its role as a regional and global technology powerhouse. The announcement comes as the company officially introduces its new Group CEO, Ahmad…

The Ministry of Finance is set to offer 34 treasury bill (T-bill) and bond auctions in June 2025, aiming to raise a total of EGP 728bn. The monthly offering will consist of 16 T-bill auctions valued at EGP 610bn and 18 treasury bond auctions worth EGP 118bn. This issuance is…

CI Capital Holding has announced its financial results for the first quarter (Q1) of 2025, reporting revenues of EGP 2.4bn and net profit after tax and minority interest (NPATM) of EGP 381m. The Group’s total on-balance sheet financing portfolio reached EGP 23.7bn, reflecting a 15% year-on-year increase, underscoring continued growth…

The Financial Regulatory Authority (FRA) announced that the total volume of non-banking finance extended to micro, small, and medium enterprises (MSMEs) rose to EGP 84.579bn in March 2025, up from EGP 62.800bn in March 2024. This represents an annual increase of EGP 21.779bn. According to the FRA’s latest report, this…

The Social Housing and Mortgage Finance Fund (SHMFF) has announced that banks and mortgage finance companies have disbursed a total of EGP 84.64bn to approximately 630,015 low-income beneficiaries under the government-backed mortgage finance initiative as of the end of April 2025. According to the Fund’s latest report, 22 participating banks…

The Central Bank of Egypt (CBE) has announced that local currency loans to the private sector grew by an average of 10.1% in the first quarter (Q1) of 2025, a sharp turnaround from the -8.7% contraction recorded during the same period in 2024. In a recent report, the CBE attributed…

Egypt has accelerated natural gas production from two new wells in the Raven gas field in the Mediterranean Sea, with output beginning in February 2025, three months ahead of schedule, according to the Ministry of Petroleum and Mineral Resources.  British Petroleum completed drilling the wells using the Valaris DS-12, an…