Day: September 15, 2025

The Islamic Chamber of Commerce and Development (ICCD), an international organisation affiliated with the Organisation of Islamic Cooperation (OIC) and the largest representative body of the private sector across the OIC’s 57 member states, has announced the launch of the “Best Entrepreneurship Models in Africa” initiative as one of its…

Egypt’s Minister of Water Resources and Irrigation, Hani Sweilem, met on Monday with Abdelaziz El-Mulla, Egypt’s Executive Director at the World Bank Group, to discuss ongoing collaboration and explore new opportunities for partnership, according to a statement from the ministry. Sweilem described the World Bank as a key development partner…

Mountain View has officially launched its dedicated hospitality division, Mountain View Hospitality, marking a strategic expansion into Egypt’s rapidly growing tourism industry. The new entity is set to manage and operate all hospitality services under the Mountain View brand, with its debut project — KIN Hotel — unveiled as the…

The National Bank of Egypt (NBE) has signed a cooperation protocol with AgroFood—a company specialized in cotton trade and seed production—to finance farmers and small to medium-sized agricultural enterprises through a contract farming programme. The agreement aims to provide both financial and technical support to improve productivity, enhance crop quality,…

Egyptian Prime Minister Mostafa Madbouly on Sunday directed officials to immediately begin implementing the second phase of the country’s universal health insurance system, starting with the governorate of Minya in Upper Egypt. Madbouly’s directive came during a Monday meeting to review the readiness of the governorates slated for the second…

The United States is getting closer to reaching an agreement with China regarding the social media app TikTok, US Treasury Secretary Scott Bessent said on Monday as trade talks with a delegation from Beijing resumed in the Spanish capital. “If a deal is not reached on TikTok, it will not…

In Egypt’s increasingly competitive private higher education sector, universities are turning to an unexpected source to build emotional connections with prospective students: social media influencers. A new Master’s research paper by Pansey Tarek reveals that students’ “brand love” for a university is directly influenced by four key characteristics of these…

Egypt’s Micro, Small, and Medium Enterprises Development Agency (MSMEDA) has provided EGP 57.9bn ($1.2bn) in financing for projects over the past 11 years, creating approximately 3.4 million jobs across all governorates, its chief executive has said. Speaking at the first meeting of the “GAFI CLUB” series, an event organised by…

The Central Bank of Egypt (CBE) has hosted the first official meeting of the African Financial Stability Report Working Group, operating under the African Financial Stability Board (AFSB). Chaired by CBE Governor Hassan Abdalla, the meeting brought together representatives from central banks across Africa’s five regions, marking a significant step…

The Central Bank of Egypt (CBE) announced that its net foreign assets (NFAs) rose to approximately $10.629bn (EGP 517.255bn) in August 2025, up from $10.491bn (EGP 511.211bn) in July. Net foreign assets, which represent the difference between the CBE’s foreign currency assets and liabilities, are a key indicator of financial…