United Bank to offer 30% on EGX in Q4
United Bank will offer 30% of its shares on the Egyptian Exchange (EGX) during the last quarter of this year. According to a statement issued by the bank on Monday, CI Capital has been appointed to promote and cover
Egypt looks forward to constructive discussions during IMF’s 4th review of reform programme: Kouchouk
Ahmed Kouchouk, Egypt’s Minister of Finance, expressed optimism for positive and constructive discussions during the upcoming visit of the International Monetary Fund (IMF) mission, which aims to conduct the “fourth review” of Egypt’s economic reform programme. He emphasized the importance
MSMEDA injects EGP 1.9bn to fund 80,000 small, micro-enterprises in Aswan over decade
Basel Rahmy, CEO of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), announced that the agency has invested EGP 1.9bn in Aswan from 1 July 2014 to the end of September 2024. This funding has supported approximately 80,000 small
PM follows up on Ras El-Hekma development progress, compensation status
Prime Minister Mostafa Madbouly held a meeting Sunday to review updates on the development of the first phase of Ras El-Hekma project and the status of compensating the area’s residents. At the beginning of the meeting, the Prime Minister noted
No plans to increase taxes for investors: Deputy Finance Minister
Sherif El-Kilani, Deputy Minister of Finance for Tax Policies, said that the tax facilities announced by the Minister of Finance are the first package, and will be followed by many other packages. He noted that implementing the first package of
Military Production, Environment Ministers inaugurate banana fiber recycling plant
Egypt’s Minister of Environment, Yasmine Fouad, and the Minister of State for Military Production, Mohamed Salah El-Din Mustafa, inaugurated a factory for the production of environmentally friendly cardboard packaging from banana fiber waste at the Armored Vehicles Production and Repair
ACUD hosts Japan’s Titan Capital to discuss investment opportunities in Egypt’s NAC
Chairperson and Managing Director of Administrative Capital for Urban Development (ACUD), Khaled Abbas, met with Japanese Titan Capital’s owner Kanazawa Yukio and Chairperson Niwa Koshiro, along with members of their investment alliance, which includes 15 of Japan’s top companies. The
Investment Minister lays foundation for Japan’s Otsuka plant in 10th of Ramadan City to produce medical solutions
Minister of Investment and Foreign Trade Hassan El-Khatib laid the foundation stone for the Japanese company Otsuka to manufacture nutritional supplements in 10th of Ramadan City. He acted on behalf of Mostafa Madbouly, Prime Minister, in the presence of
GCF approves financial aid of $2.687bn to Egypt, other countries
The Green Climate Fund (GCF) approved the financing proposals for the multi-country programmes: Greening Financial Systems, the Smart Resilient Agriculture Investment Fund, and the Resilient Water Infrastructure Expansion Facility, to finance these projects in a number of countries, including Egypt,
Debt-for-investment swaps enhance development pathways in Africa: Finance Minister
Ahmed Kouchouk, Egypt’s Finance Minister, stated that debt levels across Africa are rising due to escalating economic shocks and risks linked to geopolitical tensions. He emphasized that the “Debt Alliance for Sustainable Development” could be part of the solution to