First Abu Dhabi Bank Misr Posts Strong Profit Growth in Egypt
FABMisr profit growth: First Abu Dhabi Bank Misr's Egypt unit posted EGP 15.8 billion (about US$330 million) net profit in...
August 18, 2026Topic
Egypt
Egypt’s US$8bn IMF Programme Ends 15 December
Egypt's US$8 billion IMF programme expires on 15 December 2026 after a seventh review that released about US$1.8 billion.
August 17, 2026
Türkiye Says It Expects Egypt to Join the Makkah Joint Defence Agreement
The Makkah Joint Defence Agreement binds Türkiye, Saudi Arabia and Pakistan to mutual defence. Ankara wants Cairo in; Cairo says...
August 16, 2026 Egypt Growth Outlook Cut to 5 Percent as Inflation Delays Rate Cuts
Egypt growth outlook cut to about 5 percent as stubborn inflation forces the Central Bank of Egypt to delay interest...
August 15, 2026
Suez Canal Revenue Climbs 13% — Because Hormuz Is Shut
Suez Canal revenue rose 13% to US$1.26 billion in the second quarter of 2026, driven by tanker traffic rerouted by...
August 14, 2026
Chinese Belt and Road Investment in Africa Hits Record US$33.5 Billion
Chinese Belt and Road investment in Africa jumped 254% to a record US$33.5 billion in H1 2026, two-thirds of global...
August 6, 2026
Mohamed Salah Nears Trabzonspor Move at US$19.6 Million a Year
Mohamed Salah is negotiating a two-year Trabzonspor deal worth a reported €17 million (US$19.6 million) a year, Turkish media say.
August 6, 2026
Chinese Investment in Egypt Tops US$10 Billion, PM Says
Chinese investment in Egypt has passed US$10 billion, the prime minister says, though Cairo has not said what the figure...
August 4, 2026
Egypt Replaces Visa Stamp with QR Code e-Visa in August
Egypt will replace its visa-on-arrival stamp with a QR code e-visa system in August, targeting 30 million annual visitors by...
July 31, 2026