GlobalCorp secures Egypt’s largest mortgage securitization at EGP 3.31bn
Ollin Mortgage Finance, a subsidiary of GlobalCorp, has finalized its second mortgage securitization bond issuance worth EGP 3.31bn, following approval from the Financial Regulatory Authority (FRA). The issuance was executed under the company’s third securitization program and structured across three
VIE Communities debuts in Egypt with EGP 150bn New Cairo projects
VIE Communities, a newly formed Egyptian-Emirati real estate alliance, has officially launched in Egypt with plans to develop two landmark projects in New Cairo, representing combined investments exceeding EGP 150bn. The partnership brings together Future of Egypt for Investment and
ElTawkeel.com and Kasrawy Group Launch Egypt’s First Fully Integrated Automotive E-Commerce Platform
ElTawkeel.com, in partnership with Kasrawy Group, a leader in Egypt’s automotive industry, has officially launched Egypt’s first fully integrated digital e-commerce platform for new vehicles, introducing a unified customer journey that enables users to reserve, purchase, finance, and insure vehicles
Egypt introduces unified VAT refund system to accelerate procedures, improve efficiency: ETA head
Rasha Abdel Aal, head of the Egyptian Tax Authority (ETA), announced the issuance of new executive instructions establishing a unified and comprehensive framework for all tax authority units responsible for handling value-added tax (VAT) refunds. She said the move is
Madbouly inspects heritage restoration, urban redevelopment projects across Historic Cairo
Prime Minister Mostafa Madbouly inspected a series of heritage restoration, urban redevelopment and transport improvement projects across Cairo’s historic districts on Saturday, as part of the government’s broader strategy to revitalise the capital’s historic and Khedivial areas. The tour began
Egypt’s Al- Sisi directs mapping, development of state endowments to attract new investments
Egyptian President Abdel Fattah Al-Sisi has directed the comprehensive documentation and optimal use of the country’s endowment properties to enhance their contribution to the national economy, the presidency said. During discussions at the Strategic Command in the New Administrative Capital,
Madbouly inspects Downtown Cairo revival projects, launches ‘Art Street’ initiative
Egyptian Prime Minister Mostafa Madbouly conducted an extensive inspection tour across Cairo on Saturday to review projects aimed at revitalising historic districts and landmarks, as part of a broader government strategy to restore the architectural identity of Khedival and historic
Egypt warns of declining air quality as dust storms expected across several regions
Egypt’s Ministry of Local Development and Environment has warned of deteriorating air quality as dust-laden winds are forecast to affect several parts of the country on May 17 and 18. In a statement, the ministry said its air pollution early
Egypt’s Hajj medical mission delivers more than 5,300 healthcare services to pilgrims
Egypt’s Ministry of Health and Population said the country’s Hajj medical mission has provided 5,344 healthcare services to Egyptian pilgrims in Saudi Arabia since their arrival, while confirming that no infectious disease outbreaks have been recorded. In a statement, the
Egypt, Eritrea sign maritime transport pact, declare Red Sea security exclusive to littoral states
Egypt and Eritrea signed a maritime transport cooperation agreement on Saturday to launch a shipping line connecting their ports, as Cairo declared that the security of the Red Sea remains the exclusive responsibility of its littoral states. The agreement was