CBE keeps key interest rates unchanged in 2nd consecutive meeting

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided to keep its key policy rates unchanged on Thursday, May 21st

Agiba Petroleum makes largest Western Desert discovery in 15 years

ENPPI wins $355M PDO's gas project contract in Oman

China Enterprise Cloud Chain to develop $2B carbon-neutral textile industrial city in Egypt

Egypt begins disbursing EGP 767.6M in grants to irregular workers ahead of Eid El-Adha

Latest News

CBE keeps key interest rates unchanged in 2nd consecutive meeting Updated 13h2m

El-Sisi approves $200M China Eximbank loan for railway project Updated 20h31m

Agiba Petroleum makes largest Western Desert discovery in 15 years Updated 20h43m

China Enterprise Cloud Chain to develop $2B carbon-neutral textile industrial city in Egypt Updated 21h28m

ENPPI wins $355M PDO's gas project contract in Oman Updated 22h25m

AWS eyes broader expansion in Egypt’s AI, cloud computing infrastructure Updated 22h55m

Klivvr rolls out Egypt’s 1st interactive AI-powered assistant in fintech apps Updated 23h20m

Egypt begins disbursing EGP 767.6M in grants to irregular workers ahead of Eid El-Adha Updated 5/21/2026 10:11:00 AM

EGX declares six-day holiday for Eid Al-Adha Updated 5/21/2026 9:39:00 AM

Egypt’s Cabinet extends Sunday remote work throughout June Updated 5/21/2026 8:17:00 AM

Weekly Wrap: Top 10 Viral News Stories

Major developments shaped the third week of May, led by President Abdel Fattah El-Sisi inaugurating the EGP 800 billion New Delta project on the Sheikh Zayed Axis in Giza.

CBE keeps key interest rates unchanged in 2nd consecutive meeting

Silver prices increase on May 21st

Gold prices drop on May 21st

USD weakens against EGP on May 21st

The USD weakened against the EGP at the Egyptian banks on Thursday, May 21st.

El-Sisi approves $200M China Eximbank loan for railway project

United Bank’s consolidated profits decline 21% YoY in Q1 2026

Klivvr rolls out Egypt’s 1st interactive AI-powered assistant in fintech apps

Palm Hills’ consolidated profits drop 21.7% YoY in Q1 2026

Palm Hills Development Company (PHDC) reported a 21.72% year-on-year (YoY) decrease in consolidated net profits after tax for the first quarter (Q1) of 2026, registering EGP 1.205 billion, versus EGP 1.539 million.

Bonyan reports 106% revenue growth in Q1 2026

Cityscape North Coast to launch 1st edition in New Alamein City

Amer Group posts 1,259% YoY consolidated profit leap in Q1 2026

Automotive and Transportation

Mawani links Saudi Arabia, Egypt, Jordan via Red Sea Express container service

The Saudi Ports Authority (Mawani), in partnership with Folk Maritime and SABIC, has launched the new Red Sea Express container shipping service to King Fahd Industrial Port to boost logistics connectivity.