Egypt explores retail bond market to boost financial inclusion
The Egyptian Ministry of Finance has hosted the Annual Retail Bond Conference in collaboration with the World Bank, drawing renowned experts from various countries to explore innovative solutions and best practices in the retail bond market. The conference highlighted the
Military Production, Agriculture Ministers discuss progress on joint projects
Egypt’s Minister of State for Military Production Mohamed Salah El-Din Mostafa has met Minister of Agriculture and Land Reclamation Alaa Farouk to review the ongoing collaboration between the two ministries, aimed at implementing a range of projects that benefit Egyptian
CI Capital opens subscription for Egypt’s first sector-focused equity fund
CI Capital Asset Management has announced that subscriptions to the CI Assets Management Sector Investment Fund, Egypt’s first multi-sector equity fund, will open Monday, for a two-month subscription period. The fund targets investments in equities of companies listed on the
Egypt-Saudi Arabia trade exchange increases to $7.5bn in 9M 2024: CAPMAS
The Central Agency for Public Mobilization and Statistics (CAPMAS) has announced an increase in the trade exchange between Egypt and Saudi Arabia to $7.5bn in the first nine months of 2024, compared to $5.6bn in the same period of 2023,
Egypt’s government reforms enhance business climate to attract sustainable investment: Citigroup
Egypt is gaining strong momentum in its drive to diversify the economy. With a focus on renewable energy—especially solar power and green hydrogen—new opportunities are emerging to build a robust green sector that can significantly boost GDP. Digital transformation is
65.5% increase in Egyptian remittances during August: CBE
Remittances from Egyptians working abroad surged by 65.5% in August 2024, reaching around $2.6bn, up from approximately $1.6bn in August 2023. According to the Central Bank of Egypt (CBE), remittances saw a significant increase of 76.2% over July and August
Egypt, UAE’s Tadweer Group sign MoU for waste management, recycling
Egypt’s Minister of Environment, Yasmine Fouad, witnessed the signing of a Memorandum of Understanding between the Waste Management Regulatory Authority and the UAE’s Tadweer Group to explore and develop cooperation and investment opportunities in the waste management and recycling sector
Madbouly reviews progress of “Housing for All Egyptians” initiative
Egypt’s Prime Minister Mostafa Madbouly on Sunday reviewed the implementation status of the “Housing for All Egyptians” presidential initiative during a meeting with several government officials. The meeting was attended by Ahmed Kouchouk, Minister of Finance; Adnan El-Fangary, Minister of
Public sector companies achieve EGP 68bn in profits over 8 years
Treasurer of the General Federation of Chambers of Commerce and Head of the Qalubeya Chamber, Mohamed Attia El-Fayoumi, stated that the roadmap for the public business sector began with Law No. 203 of 1991, marking the sector’s first steps toward
MSMEDA injects EGP 25.6bn into Upper Egypt projects over 10 years
Egypt’s Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has provided EGP 25.6bn in funding to projects in Upper Egypt over the past 10 years, including EGP 1.7bn to Aswan governorate, the agency’s CEO, Basel Rahmy, said on Sunday. Rahmy