MSMEDA to double support for project owners outside Cairo: CEO
Basel Rahmy, CEO of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), announced that in 2025, the authority will work to significantly increase both the financial and non-financial services available to project owners across Egypt’s governorates. This effort will
Food Industries Chamber discusses salt export challenges with relevant authorities
The Food Industries Chamber of the Federation of Egyptian Industries convened a productive meeting with salt producers and packers from the Diverse Food Products Division. Chaired by Mohamed Saleh Bashanfer, a board member of the Chamber and Chairman of the
Talaat Moustafa Group supports new facilities at Ain Shams University Medical City
The Talaat Moustafa Group supported the opening of an upgraded Children’s Emergency Department and a new Blood Transfusion and Chemotherapy Centre at Ain Shams University Medical City. The upgraded department and new centre were inaugurated at a ceremony attended by
MDP expands into Libyan market with successful migration for North African Bank
MDP, a leading provider of payment solutions including EMV card production, issuing and acquiring processing, and digital services, has officially entered the Libyan market with the successful migration of North African Bank’s card processing system. This achievement positions MDP to
FRA forms advisory group to support oversight committee on carbon emission reduction
The Financial Regulatory Authority (FRA) has announced the formation of an advisory group to assist the Oversight and Supervision Committee for Carbon Emission Reduction Units. The group will provide expert technical advice on key areas related to the committee’s responsibilities,
Bonyan approved for listing on Egyptian Exchange
Bonyan, a real estate investment company, has received approval to list on the Egyptian Exchange (EGX) under the ticker symbol “BONY.CA”. The company plans to launch its initial public offering (IPO) within the first half of 2025, pending completion of
Transport Ministry completes 99% of Tahya Misr 2 terminal project at Alexandria Port
The Ministry of Transport has successfully completed 99.5% of the Tahya Misr 2 multipurpose terminal project at Dekheila Port, Alexandria, including 40% of soil improvement work, dredging, and sea sand collection. Minister of Transport, Kamel Al-Wazir, announced that the construction
FRA introduces new rules for securities not listed on EGX
The Board of Directors of the Financial Regulatory Authority (FRA), led by Mohamed Farid, has issued Decision No. 303 of 2024, amending the rules for handling securities not listed on the Egyptian Exchange (EGX). This decision updates the FRA’s previous
Housing Minister explores collaboration with global generator firms to boost local manufacturing expertise
During his visit to France, Sherif El-Sherbiny, Minister of Housing, Utilities, and Urban Communities, met with key representatives from leading international generator companies, including the General Manager of Onspec Engineering and Contracting and the Regional Director of Rehlko (formerly Kohler)
Legislative, regulatory overhaul to enhance insurance’s role in Egypt’s economy: FRA chief
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), engaged in a broad and insightful conversation with the Insurance Committee of the American Chamber of Commerce, discussing the FRA’s strategy and its comprehensive policies designed to elevate the insurance sector’s