Egypt’s Abdelatty meets with Italian, Congolese counterparts in Rome
Egypt’s Minister of Foreign Affairs and Immigration, Dr Badr Abdelatty, held separate meetings in Rome on Tuesday, November 26, with his Italian and Congolese counterparts. The meetings took place during a visit to Italy, where Abdelatty attended the G7 Foreign
International Workplace Group expands in Cairo amid rising demand for hybrid working
International Workplace Group (IWG), the world’s largest provider of hybrid working solutions, has announced the opening of a new flexible workspace in Cairo. This new location, marking IWG’s 17th in Egypt, comes at a time when demand for hybrid working
Vantage launches M Signature with EGP 1.5bn investment in New Cairo
Vantage Urban Developments, a prominent Egyptian real estate company, has announced the launch of its second project, M Signature, in New Cairo, with a total investment of EGP 1.5bn. Mohamed Abdel Gawad, Chairperson of Vantage Urban Developments, emphasized that the
Egypt, Liberia sign aquaculture cooperation agreement
Egypt and Liberia have signed a memorandum of understanding (MOU) to collaborate on aquaculture development, officials announced. The agreement, signed Monday by the Egyptian Lake Protection and Fish Resources Development Authority (LPRDA) and Liberia’s National Fisheries and Aquaculture Authority (NFAA),
‘Mashroak’ initiative finances over 219k small projects with EGP 29.8bn nationwide: Local Development Minister
Egypt’s Minister of Local Development, Manal Awad, announced that the National Project for Community, Human, and Local Development, known as “Mashroak,” has financed over 219,000 projects with loans totaling EGP 29.8bn since its inception in 2015. These projects have collectively
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
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
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,