Banque Misr launches instant money transfer service for Egyptian expats
Banque Misr has introduced a new instant money transfer service that allows Egyptians working abroad to send funds in Egyptian pounds to any bank account, card, or electronic wallet within Egypt. This service is part of the bank’s ongoing commitment
Housing Minister orders acceleration of Al Gabal Al Asfar Plant expansion
Minister of Housing, Utilities, and Urban Communities Sherif El-Sherbiny inspected the Al Gabal Al Asfar Wastewater Treatment Plant, which currently has a capacity of 2.5 million cubic meters per day. He reviewed ongoing expansion efforts that will add an additional
Egypt’s consumer finance market hits EGP 47.45bn in 10M 2024, growing 25.1%
Said Zater, Chairperson of the Egyptian Federation of Consumer Finance, announced that Egypt’s consumer finance sector experienced significant growth, reaching EGP 47.45bn in the first ten months of 2024—a 25.1% increase compared to the same period in 2023. The number
Egypt, Jordan discuss PERSGA work plan, upcoming ministerial council
Egypt’s Minister of Environment, Yasmine Fouad, and her Jordanian counterpart, Muawia Radaideh, held a virtual meeting to discuss the latest developments within the Regional Organization for the Conservation of the Environment of the Red Sea and Gulf of Aden (PERSGA).
IRSC, Sumitomo Electric partner to develop solar PV rooftops in Egypt
IRSC, a leader in renewable energy solutions and sustainability, has signed a partnership agreement with Sumitomo Electric Wiring Systems Egypt, a global manufacturer of automotive electrical systems, to design, supply, and install solar PV power plants on the rooftops of
Finance Minister highlights streamlined tax dispute resolution, investment-friendly policies
Ahmed Kouchouk, Egypt’s Minister of Finance, emphasized the government’s commitment to engaging the business community and citizens in shaping economic policies that foster development and fiscal discipline. Speaking at a dialogue session with members of Rotary Nasr City, El-Shorouk, and
El-Khatib discusses preparations for African Investment Forum with Jeune Afrique
Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, held a key meeting with a delegation from the Jeune Afrique media group to review the final arrangements for the upcoming African Investment and Finance Forum. The discussion included Florian Servaty,
Military Production Minister discusses budget planning for FY 2025/2026
Mohamed Salah El-Din, Egypt’s Minister of State for Military Production, chaired Wednesday a meeting with the boards of directors of companies and affiliated units within the Ministry of Military Production, along with sector heads and advisors from the National Authority
NUCA approves payment facilities for overdue property, land dues
The New Urban Communities Authority (NUCA), under the leadership of Minister of Housing, Utilities, and Urban Communities Sherif El-Sherbiny, has approved a set of payment facilities for settling overdue financial dues on various properties. These include residential, administrative, and commercial
Egypt announces new 8 million barrels oil discovery in Gulf of Suez
Egypt has confirmed the discovery of at least eight million barrels of oil in the East Crystal-1 well in the Gulf of Suez, the petroleum ministry announced on Wednesday. The exploratory well was drilled by UAE-based Dragon Oil, through the