PM Madbouly tours Mahalla’s Spinning, Weaving factories to boost textile production
Prime Minister Mostafa Madbouly visited Mahalla al-Kubra on Saturday to inspect the Misr Spinning and Weaving Company, part of the Cotton, Spinning, Weaving, and Ready-Made Garments Holding Company under the Ministry of Public Enterprise Sector. The visit underscored the government’s
CBE mandates simplified forms for banking expenses, commissions in customer contracts
The Central Bank of Egypt (CBE) has issued a directive mandating banks to include simplified forms in contracts for banking products and services. These forms, provided as appendices, will outline the essential details of the offered products or services, including
Zambia, Saudi Arabia sign debt restructuring deal
Zambia and Saudi Arabia have formalised a debt restructuring agreement to reschedule more than $130m of Zambia’s debt to the Arab nation, according to DNE Africa. The agreement was signed on Thursday in Lusaka by Zambian Minister of Finance and
Al-Sisi urges continued efforts to modernize Egypt’s education system
Egyptian President Abdel Fattah Al-Sisi has emphasized the importance of ongoing reforms to modernize the country’s educational system, aiming to enhance the quality of both the educational process and its key components—students, teachers, and digital infrastructure. The directive was issued
CBE hosts seminar on supervisory frameworks, risk management with 110 participants from African central banks
In line with Egypt’s ongoing commitment to supporting African nations, particularly in the economic and banking sectors, the Central Bank of Egypt (CBE) recently organized a virtual seminar titled “Effective Supervision: Building Supervisory Frameworks and Risk Management.” The two-day seminar
CIB leads syndicated loan of EGP 9bn for Madinet Masr in partnership with 6 banks
The Commercial International Bank—Egypt (CIB), acting as the lead arranger and financier, has successfully arranged a syndicated loan worth EGP 9bn for Madinet Masr Housing and Development Company, a key player in Egypt’s real estate sector. This loan, which spans
CBE expected to keep interest rates unchanged for sixth consecutive meeting
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is set to hold its final meeting of the year on Thursday, to decide on key interest rates, which serve as primary indicators of short-term trends for the
Egyptian, Uzbek officials discuss increased cooperation at business forum
Egyptian and Uzbek officials met on Wednesday at the Egyptian-Uzbek Business Forum in Tashkent to discuss strengthening economic ties between the two nations. The forum, which coincided with the 7th session of the Joint Egyptian-Uzbek Committee for Economic, Scientific, and
Beltone approves EGP 10.75bn capital increase to drive expansion, growth strategy
Beltone Holding has announced that its Board of Directors has approved a capital increase of EGP 10.75bn, marking a key step in the company’s expansion and growth strategy. This decision follows the success of last year’s EGP 10bn capital raise
TMT invests EGP 100m in new customs bonded area at Hossni El-Antably station
Transmisr Transportation and Trading (TMT) has announced the inauguration of its new customs station, the Hossni El-Antably Customs Bonded Area, with an initial investment of EGP 100m. The facility, located in Alexandria, spans 7,500 square meters in its first phase