Al-Mashat, Odobescu meet ahead of Romanian FM visit to Egypt
Egypt’s Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, met with Romania’s Foreign Minister Luminița Odobescu in Bucharest to discuss strengthening bilateral relations ahead of Odobescu’s visit to Egypt later this month. The meeting took place on the
Egyptian gas company secures contract to deliver natural gas to homes in Romania
Egypt’s natural gas distribution company, Town Gas, has secured contracts to manufacture and deliver natural gas pressure reduction stations in Egypt and to connect homes and other facilities to the gas grid in Romania, marking the first time an Egyptian
Oracle appoints Waleed Ahmed as new Egypt Country Leader
Oracle has appointed Waleed Ahmed as the new country leader for Egypt, the company announced Thursday. In this role, Ahmed will lead Oracle’s operations in Egypt, working closely with customers, partners, and the government to accelerate cloud adoption and support
Annual urban inflation rises to 26.4% in September
The Central Agency for Public Mobilization and Statistics (CAPMAS) revealed that the annual urban inflation rose to 26.4% in September 2024, compared to 26.2% in August. In a statement released on Wednesday, CAPMAS reported that the monthly urban inflation remained
Cabinet approves governance measures for vehicle import system for disabled drivers
Prime Minister Mostafa Madbouly approved a draft decision to amend provisions of the executive regulation of the Law on the Rights of Persons with Disabilities, during a cabinet meeting on Wednesday. The amendment, issued under Prime Ministerial Decree No. 2733/2018,
Al-Mashat calls for expanding just financing for developing countries
Rania Al-Mashat, Egypt’s Minister of Planning, Economic Development, and International Cooperation, has called for expanding just financing for developing countries to help with their development and climate change efforts. This came as she participated as a keynote speaker in the
Suez Canal Bank, Raya Information Technology sign EGP 1.2bn protocol to support expansion plans
Suez Canal Bank has signed a cooperation protocol with Raya Information Technology, a subsidiary of Raya Holding for Financial Investments, under which Raya Information Technology will receive credit facilities amounting to EGP 1.2bn. This cooperation comes as part of Suez
EMEA integrated utilities maintain stable ratings despite rising capex: Fitch Ratings
Most integrated utility companies in emerging markets (EM) in the Europe, Middle East, and Africa (EMEA) region have stable credit ratings despite Fitch Ratings’ expectation of increased capital expenditure (capex) in the coming years. In a press statement Fitch said
Eissa appointed as CI Capital’s non-executive chairperson
CI Capital Holding for Financial Investments announced appointing Ahmed Eissa as a non-executive chairperson, representing Banque Misr. Eissa will succeed Mohamed El-Etreby, who was thanked for his distinguished efforts and outstanding contributions during his leadership of the company. CI Capital’s
SCZONE, ‘Ebda’ cooperate to boost investment, industry localisation
Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), and Amani Eid, the head of the National Initiative for Developing Egyptian Industry “Ebda” (Start), signed a cooperation protocol to support investment and localise industry. Under the protocol, the