Climate change, water scarcity and food security present many challenges to Egypt as it works to become a sustainable economy ...

Egypt’s Obelisk Solar Project Set to Transform Renewable Energy Landscape . African Development Bank Approves $184.1 Million for Egypt's Largest Solar Project . African Development Bank, battery ...

The Board of Directors of the African Development Bank Group has approved a financing package of up to $184.1 million to support the development of the Obelisk 1-gigawatt solar photovoltaic project ...

The New Administrative Capital, located around 45 kilometres east of Cairo, is part of plans to ease urban congestion, modernise public services and position the country as a regional hub of ...

Egypt's giant New Administrative Capital recently became the country's official seat of government, but its development has gone largely under the radar. Here is everything you need to know about ...

Since 2023, more than 30,000 government employees have relocated to the new capital, which has served as Egypt’s official seat of government since President Abdel Fattah al-Sisi’s third-term ...

Egypt's central bank has been working to reduce inflation, which has trended downwards from a peak of 38% in September 2023. Annual headline inflation stood at 13.9% in April, just up from 13.6% ...

Cairo: Egypt s central bank on Thursday announced that it was lowering interest rates for the first time since 2020, ... including a new capital east of Cairo. Asia.

Dr. Mostafa Madbouly, Prime Minister, met this evening at the government headquarters in the New Administrative Capital with Mr. Hassan Abdullah, Governor of the Central Bank, to follow up on ...

The new service highlights the CBE’s commitment to strengthening the infrastructure of digital financial services and providing advanced and secure e-payments. Image: Shutterstock The Central Bank of ...

Local banks, buoyed by high interest rates, reported record earnings last year. Bank assets and capital adequacy ratios are solid, with the top five banks capturing 63% of the sector’s profits, ...

Central bank figures show “M1” money supply, which includes domestic currency in circulation and demand deposits in Egyptian pounds, jumped by 31.1 per cent in the year to end-June 2024, after ...