29 French companies explore industrial, transport investment opportunities in Egypt
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, met with representatives of 29 leading French companies and institutions to explore new investment opportunities in Egypt. The companies operate across a broad spectrum of sectors,
Communications Minister considers new French investments with MEDEF delegation
Minister of Communications and Information Technology Amr Talaat held talks with a high-level delegation from the French Employers’ Association (MEDEF International), led by Wouter Van Wersch, Executive Vice President of Airbus and head of the French business mission, to explore
Egypt’s Investment Minister discusses cooperation with leading French companies
Minister of Investment and Foreign Trade Hassan El-Khatib reaffirmed the strong and steadily growing economic relationship between Egypt and France, emphasizing that bilateral ties have deepened in recent years thanks to the political will of both countries’ leadership. El-Khatib made
Dollar’s rise within normal range under flexible exchange rate system: Madbouly
Prime Minister Mostafa Madbouly affirmed on Wednesday that the recent uptick in the US dollar’s value against the Egyptian pound is a normal development within currency markets and poses no cause for concern. He emphasized that Egypt adheres to a
No intervention in foreign exchange market; it operates freely: CBE’s Deputy Governor
Rami Aboul Naga, Deputy Governor of the Central Bank of Egypt (CBE), confirmed that the bank is not intervening in the foreign exchange market, stating that there is currently no benefit to such intervention. “The market is responding and correcting
CBE governor meets AFI chief to discuss financial inclusion progress
Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), met with Alfred Hannig, Chief Executive Officer of the Alliance for Financial Inclusion (AFI), on 7 April, in the presence of several CBE officials. During the meeting, Governor Abdalla expressed
Mashroo3k injects EGP 32.1bn to fund over 213k projects since launch
Manal Awad, Minister of Local Development, announced that the national initiative for community, human, and local development—Mashroo3k (Your Project)—has financed 213,313 projects with total investments reaching EGP 32.1bn since its inception in 2015. The programme has played a key role
AAIB announces robust 2024 results, net profits hits $301m
A $301m net profit for 2024 has been announced by the Arab African International Bank (AAIB), driven by its shift towards a liabilities-driven market approach. Tamer Waheed, Vice Chairperson and Managing Director, said: “Our shift, towards a liabilities driven market
AAIB announces robust 2024 results, net profits hits $301m
A $301m net profit for 2024 has been announced by the Arab African International Bank (AAIB), driven by its shift towards a liabilities-driven market approach. Tamer Waheed, Vice Chairperson and Managing Director, said: “Our shift, towards a liabilities driven market
Alameda partners with Philips to advance healthcare delivery in Egypt
Alameda Healthcare Group, one of Egypt’s leading private healthcare providers, has signed a Memorandum of Understanding (MoU) with global health technology leader Philips to advance healthcare delivery and improve patient care across the country. Under the agreement, both parties will