Day: October 6, 2025

Khaled El-Enany, Egypt’s former Minister of Tourism, has been elected as the Director-General of UNESCO in a decisive vote held on Monday, a victory announced by the Egyptian presidency. This achievement marks a significant diplomatic and cultural milestone for Egypt and the broader Arab and African communities. Egyptian President Abdel…

The Central Bank of Egypt (CBE) announced on Monday that the country’s net international reserves rose to $49.533bn in September 2025, up from $49.250bn in August—an increase of $283m. According to the CBE’s official statement, gold holdings within the reserves saw a significant rise, reaching $15.843bn in September compared to…

Egypt is advancing its green industrial transformation with the “Dandara” Solar Energy Project, set to power the “Egyptalum” complex with clean energy. This initiative aims to decarbonise industry, enhance export competitiveness, and solidify Egypt’s role as a renewable energy leader. Ministers of Planning, Economic Development and International Cooperation, and Public…

As Citi marks 50 years of operations in Egypt, the global banking group is reaffirming its long-term commitment to the country’s economic transformation and integration into global markets. In an exclusive interview, Ernesto Torres Cantú, Citi’s Head of International, discusses the bank’s long-standing role in Egypt—from sovereign financing and capital markets…

Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, met with a World Bank delegation led by Ibrahim Dajani, Manager of Transport Global Practice for the Middle East & North Africa (MENA) region, and Georges Bianco Darido, the World Bank’s Lead Urban Transport Specialist.…

The Administrative Capital for Urban Development (ACUD) has reported impressive financial results for fiscal year 2024, with pre-tax profits amounting to EGP 35bn—an increase of 35%, or EGP 9bn, compared to the previous year. This marks a significant milestone in the company’s growth, building on a strong track record over…

The seventh edition of the Decision Makers Conference will be held on Sunday, 12 October, at the Waldorf Astoria Hotel in Cairo under the theme “Towards an Integrated Vision Between the Tourism and Real Estate Sectors to Support the Egyptian Economy.” The event, organised by San & Sam, takes place…