Day: August 20, 2025

Alaa Nasr El-Din, Board Member of the Wood Working and Furniture Chamber at the Federation of Egyptian Industries, affirmed that Egypt’s furniture industry is undergoing a significant technological transformation, driven by advanced manufacturing techniques and the growing use of artificial intelligence (AI). Nasr El-Din projected that sector exports will surpass…

Egypt Healthcare Authority held talks on Wednesday with Abu Dhabi Islamic Bank (ADIB) – Egypt to explore a strategic partnership in healthcare investment and digital transformation, the authority said in an official statement. The meeting, chaired by Ahmed El-Sobky, Chairperson of the Egypt Healthcare Authority and Supervisor of the Universal…

The Central Bank of Egypt (CBE) announced that its net foreign assets (NFA) rose to $10.491bn (EGP 511.211bn) in July 2025, up from $10.1bn (EGP 499.628bn) in June. Net foreign assets at the CBE are widely viewed as a key indicator of banking sector stability and resilience, representing the balance…

The Egyptian Tax Authority (ETA) welcomed a delegation from the African Tax Administration Forum (ATAF) at its Tax Training Centre in Maadi. Rasha Abdel Aal, Head of the Authority, said the ETA is committed to maintaining openness and cooperation with regional and international institutions in training, knowledge exchange, and capacity…

Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), held a high-level roundtable with representatives of eight Japanese companies exploring potential investments in the Zone across multiple sectors. The participating companies included Nippon Signal (railway signalling technologies), JOIN (a global infrastructure investment fund), Deloitte Tohmatsu (consultancy and business…

Egyptian Prime Minister Mostafa Madbouly on Wednesday witnessed the signing of two memoranda of understanding (MoUs) between Egypt’s Ministry of Education and the Tokyo Metropolitan Government to enhance cooperation in technical education, special needs education, and teacher training. The signing took place on the sidelines of the ninth Tokyo International…

Egyptian Prime Minister Mostafa Madbouly on Wednesday witnessed the signing of a Memorandum of Understanding (MoU) on green hydrogen cooperation between the Suez Canal Economic Zone (SCZONE) and the Bureau of Industrial and Labor Affairs of the Tokyo Metropolitan Government (TMG). The ceremony was attended by Tokyo Governor Yuriko Koike.…

Minister of Foreign Affairs, Emigration and Expatriates Badr Abdelatty held talks over the telephone on Tuesday, August 19, 2025, with Russian Foreign Minister Sergey Lavrov, as part of regular consultations and ongoing coordination between Egypt and Russia on relations and issues of mutual concern. The two ministers reviewed the trajectory…

Contact Financial Holding (CNFN.CA), Egypt’s leading non-bank financial services provider, announced strong results for the first half of 2025, with consolidated total operating income rising 24% year-on-year (y-o-y) to EGP 1.1 billion. The Group’s growth was underpinned by robust performances across its financing and insurance divisions, coupled with accelerating digital…