AAIB, IFC, EBRD, and BII launch $500m sustainability bond to advance climate finance, support MSMEs
The Arab African International Bank (AAIB) has issued a $500m sustainability bond, backed by investments from IFC, the European Bank for Reconstruction and Development (EBRD), and British International Investment (BII). This initiative aims to advance Egypt’s green transition while supporting
Australian betadine-inspired battery breakthrough could add 1000km to EV range
Household antiseptic ointment used on scraped knees inspires an Australian lithium battery chemistry breakthrough that could deliver 1000km of range for EVs, faster charging and electric flight.
The post
Egyptian investors emphasize private sector’s significance for economic growth
Chairperson of Al Ahly Sabbour Developments, Ahmed Sabbour, emphasized that investors have become a central focus of global attention. They are the driving force that elevates the economy to higher efficiency, significantly contributing to international production through investments that ultimately
Egypt’s President reviews economic progress with PM, CBE Governor
President Abdel Fattah Al-Sisi met Monday with Prime Minister Mostafa Madbouly and Central Bank of Egypt Governor Hassan Abdalla to review Egypt’s macroeconomic indicators. The meeting followed a recent visit by the International Monetary Fund (IMF) and its reaffirmation of
Contechs launches high-voltage automotive systems engineering accreditation program
UK-based automotive design and engineering consultancy Contechs will run a new high-voltage systems engineering accreditation program in 2025 to train engineers for the electric mobility sector. The initiative aims
Egypt’s Abdelatty advocates for Gaza Ceasefire at Rome Forum, meets French counterpart
Egypt’s Foreign Minister Badr Abdelatty called for an immediate ceasefire in Gaza and advocated for diplomatic solutions to regional conflicts during his participation in the Rome Mediterranean Dialogues forum on 25 November. He also met with his French counterpart, Jean-Noël
Environment Minister monitors cargo ship grounding incident in Red Sea
Egypt’s Minister of Environment, Yasmine Fouad, traveled to the Red Sea on Monday to oversee the situation following the grounding of a cargo ship in the city of Quseir. The Ministry issued a statement confirming that the incident involved a
Hyundai Is About To Have More EVs With NACS Plugs Than Tesla
The automaker has a big leg up over rivals: Five EVs with Tesla's charging port coming soon from Hyundai, Kia and Genesis.
NUCA issues securitization bonds exceeding EGP 40bn: FRA chief
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), has highlighted the importance of securitization mechanisms for real estate companies, citing the New Urban Communities Authority (NUCA) as an example. He revealed that NUCA had issued securitization bonds exceeding EGP
MSMEDA partners with banks to offer Islamic financing for small enterprises: CEO
Basel Rahmy, CEO of Egypt’s Micro, Small, and Medium Enterprises Development Agency (MSMEDA), announced Monday that the agency partnered with several banks to provide Islamic financing solutions for small enterprises. These banks include Faisal Islamic Bank of Egypt, United Bank,