CIB successfully closes EGP 7bn Sukuk issuance for “Tasaheel”
The Commercial International Bank (CIB) has successfully completed an EGP 7bn non-sovereign Sukuk issuance for “Tasaheel” for Finance, through Alkan Securities. It is the first non-sovereign issuance of its kind. The issuance is the largest of its kind in Africa
Egypt ranks among top cybersecurity nations as internet use surges amid rising threats
Egypt has solidified its position as a regional leader in digital technology, witnessing a significant rise in internet users and achieving a top cybersecurity rating, even as cyber threats intensify. Between 2022 and 2024, Egypt saw an increase of 6.3
Officials discuss boosting trade, investment between Egypt, Zambia
Egyptian and Zambian officials met to discuss ways to strengthen economic relations between the two countries, focusing on enhancing trade and investment cooperation. Hassan El-Khatib, the Egyptian Minister of Investment and Foreign Trade, met with Chipoka Mulenga, the Zambian Minister
Egyptian Prime Minister inaugurates Sports Expo 2025
Prime Minister Mostafa Madbouly, representing President Abdel Fattah Al-Sisi, inaugurated the third edition of the International Sports Expo 2025, held under the President’s patronage. Accompanied by Minister of Youth and Sports Ashraf Sobhy, alongside several ministers, ambassadors, and key sports
Egypt’s health, youth ministers discuss strengthening ties with FISU
Egypt’s Deputy Prime Minister for Human Development and Minister of Health and Population, Khaled Abdel Ghaffar, met with Ashraf Sobhi, Minister of Youth and Sports, and Leonz Eder, President of the International University Sports Federation (FISU), to explore avenues for
Talaat Moustafa Group’s 2024 profits soar 224% to EGP 10.7bn
Talaat Moustafa Group (TMG) reported a 224% surge in profits for 2024, reaching EGP 10.7bn, compared to EGP 3.3bn in 2023. This significant increase was driven by a 50% rise in revenues, which climbed to EGP 42.6bn from EGP 28.4bn
Egypt offers 2,172 industrial land plots across 22 governorates
Egypt’s Ministry of Industry and Transport has announced the offering of 13.3 million square meters of serviced industrial land through the Egypt Industrial Digital Platform. A total of 2,172 plots, spanning 22 governorates, will be made available to accelerate industrial
Egypt launches automated system for social housing reconciliation procedures
Mai Abdel Hamid, CEO of the Social Housing and Mortgage Finance Fund (SHMFF), has announced the launch of an automated system for handling reconciliation requests related to violations of the Social Housing Law. This system will process cases documented by
Egypt’s banking sector expands sustainable finance initiatives
Egypt’s banking sector, under the leadership of the Central Bank of Egypt (CBE), is intensifying its commitment to sustainable finance, playing a pivotal role in achieving the country’s Sustainable Development Goals (SDGs) and Vision 2030. Banks across the nation are
Public Enterprises Minister stresses role of subsidiary companies in strengthening industry
Mohamed Shimi, the Minister of Public Enterprises Sector, convened an extensive meeting with the heads of the ministry’s holding companies to assess the progress of various projects and strategic plans aimed at enhancing company development, increasing operational efficiency, and maximizing