South Africa completes technical plans for automotive and industrial pact with Egypt
South Africa has completed technical preparations for proposed industrial and automotive cooperation protocols with Egypt, South African Minister of Trade, Industry and Competition Parks Tau said during bilateral talks in Cairo. The expansive discussions, which included Egyptian Minister of Investment
Banks operating in Egypt adopt international ISO 20022 standard for financial transfers
In a pivotal step towards transforming Egypt’s digital payments infrastructure, the Central Bank of Egypt (CBE) announced the adoption of the international ISO 20022 standard across the Egyptian banking sector for SWIFT messaging in interbank financial transfers, effective 21 June
CBE prohibits financing for company formation, capital increases, and dividend distributions
The Central Bank of Egypt (CBE) has issued a directive requiring banks not to grant credit facilities to customers for the purpose of financing the capital of companies under incorporation, funding capital increases, or using bank financing to support cash
MIDAR, Majid Al Futtaim sign $3.1bn partnership to develop integrated urban project in New Cairo
MIDAR for Investment and Urban Development has signed a strategic partnership with Majid Al Futtaim to develop an integrated urban project within MADA City in New Cairo, with a total development value of $3.1bn. The agreement was announced during a
Redcon International, Saudi ConTech sign agreement to establish ConTech Fund in Saudi Arabia
Redcon International and Saudi ConTech have signed a cooperation agreement to establish the ConTech Fund in Saudi Arabia, aimed at supporting innovation, accelerating digital transformation, and encouraging the adoption of construction technologies across the Kingdom. The agreement was signed by
Egypt discusses deepening investment, trade cooperation with France
Egypt’s Minister of Investment and Foreign Trade, Mohamed Farid, held an extensive meeting with a French diplomatic delegation that included Éric Chevallier, the French Ambassador to Cairo; Pascal Furth, Economic Counsellor and Head of the Economic Department at the French
Egypt’s TMG launches global Sylvester Stallone campaign for EGP 1.6 trillion SouthMed project (video)
Egypt’s Talaat Moustafa Group Holding (TMG) has launched a global promotional campaign fronted by Hollywood actor Sylvester Stallone for its SouthMed tourism project, a development with investments nearing EGP 1 trillion and anticipated sales of EGP 1.6 trillion (approximately $35bn).
Planning Ministry holds first session of ‘Business Clinic’ to support start-ups, address operational challenges
The Egypt Entrepreneurship and Innovation Centre, affiliated with the National Institute for Governance and Sustainable Development, held the first session of the “Business Clinic” initiative, which operates under the umbrella of the Ministry of Planning and Economic Development, in coordination
MSMEDA implements integrated plan to develop traditional handicraft clusters: CEO
Bassel Rahmy, Chief Executive Officer of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), confirmed that the agency is implementing an integrated plan to develop production clusters for traditional and heritage crafts, in cooperation with the relevant governorates, ministries,
Health Minister hails Shifa Al-Orman Hospital as model for public–civil society partnership
Health Minister Khaled Abdel Ghaffar praised Shifa Al-Orman Cancer Hospital in Luxor as a successful model of cooperation between the state and civil society organisations in delivering healthcare services. Speaking at an event marking the hospital’s 10th anniversary, Abdel Ghaffar