CBE’s role is not to push currency up or down: Governor

Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), participated in the second edition of the AlUla Conference for Emerging Market Economies, organised by the Saudi Ministry of Finance in partnership with the International Monetary Fund (IMF). The conference was attended by Saudi Minister of Finance Mohammed bin Abdullah…

MSMEDA signs EGP 500m funding agreement with Suez Canal Bank

The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has signed a financing agreement worth EGP 500m with Suez Canal Bank to expand funding for industrial and productive projects and support export activities. The agreement forms part of joint efforts to enhance the export capacity of micro, small and medium…

SODIC’s net profit surges 77% in 2025

Sixth of October Development and Investment Company (SODIC) delivered a strong set of consolidated financial results for 2025, posting sharp growth in revenues, profitability, and operational performance. The results were driven by robust demand across the company’s portfolio and the successful launch of its flagship East Cairo development, Eastvale. SODIC…

Egypt to import frozen poultry to boost supply ahead of Ramadan

Egypt has agreed to import large quantities of frozen poultry and poultry parts from several countries to increase market supply and lower prices ahead of Ramadan, the ministries of Supply and Agriculture and the Mostaqbal Misr Agency for Sustainable Development said on Sunday. The agreement, reached during a meeting between…