Egypt sets new minimum capital requirements for insurers
The Board of Directors of Egypt’s Financial Regulatory Authority (FRA), chaired by Mohamed Farid, has issued Decree No. 196 of 2024, setting new minimum capital requirements for insurance companies. The decree implements provisions of the Unified Insurance Law issued in
CBE’s net foreign assets reach $11.64bn surplus in December 2024
The Central Bank of Egypt (CBE) reported a surplus in its net foreign assets for December 2024, marking the eighth consecutive month of growth. The surplus reached $11.64bn (EGP 592.469bn), slightly down from the previous month’s surplus of $11.79bn (EGP
Using Commercial Freezers to Balance the Grid in Australia
In the ongoing quest to move to a more stable grid, one underpinned by renewable energy, all options are being considered, whether it is the humble home hot water system or even commercial freezers. As one of our readers commented,
Foreign Minister Abdelatty promotes Egypt’s green energy strategy in Brussels
Egyptian Foreign Minister Badr Abdelatty met with Wim Dhont, offshore cable manager at the Belgian company Jan De Nul, on Sunday, to discuss grid connection projects and renewable energy cooperation. The meeting took place at the start of Abdelatty’s visit
PM witnesses signing of contracts to expand reach of Egyptian Knowledge Bank
Egypt’s Prime Minister Mostafa Madbouly attended on Sunday the signing ceremony of several key agreements aimed at expanding the international services of the Egyptian Knowledge Bank (EKB). The agreements, signed between the Ministry of Higher Education and Scientific Research and
Video: Exploring the outdoors and testing off-road capabilities with NIU’s XQi3
With the winter in full swing, it’s easy to spend most of the time indoors, but if you’re still looking to scratch that itch to get out and spend more time outside exploring, the XQi3 by NIU
E-system for clearing investors’ dues to launch next month: Finance Minister
Minister of Finance Ahmed Kouchouk announced that an electronic system for clearing between investors’ dues and debts will be launched next month, offering investors enhanced liquidity. He also revealed that exceptional solutions would soon be implemented to resolve all tax
Egypt to organize reverse exhibitions for local spare part production
Kamel Al-Wazir, Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, announced a series of initiatives aimed at advancing national industry and protecting the interests of manufacturers. These include measures to prevent land speculation in industrial
Polestar to launch a European-built compact electric SUV
Polestar adds another EV in the popular compact SUV segment with plans to build it in Europe.
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Water Ministers of Egypt, Nigeria meet to enhance collaboration
Egyptian Minister of Water Resources and Irrigation, Hani Sewilam, and Nigerian Minister of Water Resources, Joseph Utsev, met to discuss ways to strengthen bilateral cooperation in the water sector. Minister Sewilam expressed his pleasure in meeting with Minister Utsev and