Day: February 21, 2026

Egypt’s Minister of Water Resources and Irrigation Hani Sewilam has cautioned against unilateral actions in the Nile Basin, stressing that consensus, cooperation and dialogue remain the only viable path towards regional stability and shared development. Sewilam delivered his remarks during the extraordinary meeting of the Nile Council of Ministers (Nile-COM),…

Egypt’s President Abdel Fattah Al-Sisi met Central Bank Governor Hassan Abdalla on Saturday to review developments in the banking sector and monetary policy, as official data showed foreign reserves climbing to a historic high, according to a presidential statement. The meeting examined financial sector performance in 2025, underscoring what the…

Egyptian Minister of Foreign Affairs, International Cooperation and Egyptians Abroad Badr Abdelatty and Minister of Planning and Economic Development Ahmed Rostom met on Saturday to coordinate the mobilisation of international financing and technical support for the state’s public investment plans. The meeting was held to align government efforts with Egypt’s…

Egyptian Prime Minister Mostafa Madbouly has ordered the immediate suspension of utility services to any site where illegal construction on agricultural land is detected, describing the protection of farmland as a matter of “national security” linked directly to the state’s food security. Speaking during the first meeting of the newly…

Egypt’s Transport Minister Kamel al-Wazir said the safety of citizens and property is a “top priority” during an inspection of the Cairo Metro Line 4 project, following minor ground subsidence at a residential building near the Malek el-Saleh station site. The minister, accompanied by National Authority for Tunnels (NAT) Chairman…

Suez Canal Bank has announced the opening of its latest branch in Sohag, as part of its ambitious geographic expansion strategy The expansion aligns with Egypt Vision 2030 and the policy direction of the Central Bank of Egypt to promote sustainable development and deepen financial inclusion nationwide. The inauguration ceremony…

The 2025 results of SAIB Bank showed strong growth in its loans and credit facilities portfolio, which reached EGP 79.1bn. According to the bank’s financial statements, the loans and credit facilities portfolio in local currency rose to EGP 57.7bn in 2025, compared with EGP 43.4bn in 2024—an increase of EGP…