Egypt’s FRA approves licences for eight companies across non-banking financial sectors
Egypt’s Financial Regulatory Authority (FRA), chaired by Islam Azzam, has approved licences and authorisations for eight companies to operate across a range of non-banking financial activities. The approvals aim to support the expansion of healthcare management programmes, investment funds, and
Military production minister calls for expanding industrial cooperation to boost local manufacturing
Salah Gombalat, Minister of State for Military Production, held a meeting with chairpersons of affiliated companies and units to review progress on ongoing projects, assess implementation rates, and monitor development plans across entities under the ministry’s umbrella. During the meeting,
EGX listing aims to broaden investor base beyond fundraising: Korra Energi CEO
Korra Energi adopted an accelerated timetable for its debut on the Egyptian Exchange (EGX), moving quickly between regulatory approval of its prospectus and a mid-week investor roadshow as part of a strategy to complete both the private placement and public
Toyota Egypt Group enters electric vehicle market with launch of bZ4X and Lexus RZ
Toyota Egypt Group has officially entered the electric vehicle (EV) market in Egypt for the first time with the launch of two new models: the Toyota bZ4X and the Lexus RZ. The introduction of the vehicles, announced during an event
In the Presence of Turki Alalshikh… Sela and Talaat Moustafa Group Launch Strategic Consortium to Develop an Integrated Entertainment Ecosystem in Egypt
In the presence of His Excellency Turki Alalshikh, Chairman of the General Entertainment Authority (GEA), Sela, a Public Investment Fund company and one of Saudi Arabia’s leading entertainment and destination developers, announced the launch of a strategic consortium with Talaat
Saudi Arabia’s Sela and Egypt’s Talaat Moustafa Group form entertainment consortium
Saudi Arabia’s Sela, a Public Investment Fund company, and Egypt’s Talaat Moustafa Group (TMG) have launched a strategic consortium to create and manage an integrated entertainment ecosystem and live events in Egypt. The agreement was launched in the presence of
One of One records EGP 1.5bn sales, opens new HQ to drive expansion
One of One Developments has announced the opening of its new headquarters, marking a strategic step to support operational growth and upcoming projects in New Cairo, Sheikh Zayed, and coastal destinations. During the launch event, attended by Mostafa Salah, CEO,
Egypt issues $1bn international bonds in first MENA offering since Iran conflict escalation
Egypt has reaffirmed its access to international capital markets despite heightened geopolitical uncertainty, issuing $1bn in social and development bonds in what the government described as the first sovereign issuance of its kind in the Middle East and North Africa
Strong expectations for CBE to keep interest rates unchanged at Thursday meeting
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is set to hold its third regular meeting of the year on Thursday to determine the direction of key interest rates, widely viewed as a leading indicator of
Egypt launches unified digital environmental registry for industry
Egypt has launched a unified digital environmental data registry for industrial facilities to support green transformation and help factories comply with international environmental requirements. In a statement, the Ministry of Local Development and Environment said the new system will