Philip Morris International acquires 14.7% stake in Egypt’s largest cigarette maker Eastern Company – Dailynewsegypt
Philip Morris International (PMI) has acquired a 14.7% minority stake in Eastern Company (EAST.CA), Egypt’s largest cigarette manufacturer. The companies announced on Thursday that they will explore potential collaborations in technology, manufacturing, and innovation, with a focus on heated tobacco
EFG Holding revenue surges 92% to EGP 8.6bn in Q1 2024, unveils share buyback program – Dailynewsegypt
EFG Holding, a prominent financial institution with a strong presence in Egypt and the MENA region, reported a 92% year-on-year revenue increase in Q1 2024, reaching EGP 8.6bn. This surge was primarily attributed to exceptional performance across various business lines
Telecom Egypt secures $200m loan from Banque Misr, UAE for refinancing – Dailynewsegypt
Telecom Egypt, Egypt’s leading telecom operator, today announced a $200m medium-term loan agreement with Banque Misr, UAE. The loan will be used to refinance existing short-term facilities, supporting Telecom Egypt’s ongoing strategy to reduce borrowing costs and enhance financial
Water-energy-food nexus key to sustainable development: Sweilam at 10th WWF in Bali – Dailynewsegypt
Egypt’s Minister of Water Resources and Irrigation, Hani Sweilam, stressed the importance of integrating water, food, and energy strategies to achieve the United Nations’ Sustainable Development Goals (SDGs), particularly SDG 6 on water and sanitation. Speaking at the Tenth World
Al-Mashat applauds Arab Coordination Group’s initiative to address climate crises – Dailynewsegypt
Global development finance landscape faces significant challenges, with funding gap now reaching staggering $4.2trn
Prime Minister discusses cooperation with World Bank’s Vice President – Dailynewsegypt
Prime Minister Mostafa Madbouly held a meeting with Osman Dion, Vice President of the World Bank Group for the Middle East and North Africa. The meeting took place during the opening session of the 2024 Annual Joint Meetings of Arab
Madbouly highlights role of Arab financial institutions in supporting Egypt’s development projects – Dailynewsegypt
Prime Minister Mostafa Madbouly recently participated in the opening session of the joint annual meetings of Arab financial authorities and institutions for the year 2024, representing President Abdel Fattah Al-Sisi. The session, held in the New Administrative Capital, underscores Egypt’s
Egypt, Azerbaijan explore increased investment cooperation – Dailynewsegypt
Officials from Egypt and Azerbaijan met Wednesday to discuss ways to enhance investment cooperation and strengthen economic ties between the two countries. Dalia El Hewary, Deputy CEO of Egypt’s General Authority for Investment and Free Zones (GAFI), hosted Zohrab
Egypt’s PM welcomes Tanzania’s Parliament Speaker, discusses Julius Nyerere Dam, bilateral ties – Dailynewsegypt
Egyptian Prime Minister Madbouly: Egypt Considers Tanzania a Key Strategic Partner in Africa
Afreximbank, MobiHealth sign agreement to enhance digital healthcare in Africa – Dailynewsegypt
The African Export-Import Bank (Afreximbank) and MobiHealthCare Limited (MobiHealth) have entered into a project preparation facility agreement aimed at expanding MobiHealth’s telemedicine services in Nigeria and exploring potential services in Egypt, Ghana, Kenya, and Côte d’Ivoire. Afreximbank will partially finance