Saudi Arabia ranks 2nd among Egypt’s trading partners in Q1 2024
The Central Bank of Egypt (CBE) said that the Kingdom of Saudi Arabia ranked second among Egypt’s top trading partners until the end of the first quarter (Q1) of 2024, with trading worth $5.209bn, including $3.871bn imports and$1.338bn exports.
Egypt has capacity, flexibility to manage budget financing needs: Finance Minister
Ahmed Kouchouk, the Minister of Finance, emphasized that financial and economic reform is an ongoing and sustainable process. “This process extends beyond our reform programmes supported by international institutions,” he said. “We have achieved positive results in terms of financial
EGAS, Greek Copelouzos sign agreement to establish new gas company
Karim Badawi, Minister of Petroleum and Mineral Resources, witnessed the signing of a shareholders’ agreement for partnership in a joint company, headquartered in Greece, between the Egyptian Natural Gas Holding Company (EGAS) and the Greek Copelouzos Group, with the aim
FRA clarifies suspension of new applications for consumer, microfinance companies
The Financial Regulatory Authority (FRA) has detailed the reasons for halting the acceptance of new applications for licences to establish companies aimed at providing micro-project financing or consumer finance through traditional methods. The Authority explained that this step stems from
Q Developments unveils new project in New Zayed
Q Developments announced the launch of its first project in west Cairo, Q Hills located in New Zayed City, on 24 feddans directly on the Dabaa axis, minutes away from Sheikh Zayed City and Sphinx International Airport, west of Cairo.
GB Capital acquires licence to expand into securities promotion, underwriting
GB Capital for Financial Investments, the financial arm of GB Corp, has secured a licence from the Financial Regulatory Authority (FRA) for the promotion and underwriting of securities, marking a significant milestone in its expansion efforts. Although GB Capital is
Egypt to organize 2nd Population, Health, and Human Development conference next week
Egypt’s Deputy Prime Minister and Minister of Health and Population, Khaled Abdel Ghaffar, announced the themes of the second edition of the International Conference on Population, Health and Human Development (PHDC’24), which will be held from 21 to 25 October.
Egypt’s Irrigation Minister, World Bank discuss water cooperation at CWW
Egypt’s Minister of Water Resources and Irrigation, Hani Sweilem, met with Stefan Gumpert, Director of the World Bank Office in Egypt, and his accompanying delegation, where they reviewed the status of several areas of cooperation between the Ministry and the
Exclusive: Saudi Crown Prince to arrive in Egypt within hours, announce major investments
Saudi Crown Prince Mohammed bin Salman is expected to arrive in Cairo, Egypt within hours, where he will announce several major investments and projects, sources close to the matter have told Daily News Egypt. The visit comes as part of
EFG Hermes concludes advisory on EGP 450m issuance for EFG Corp-Solutions
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced Monday that its investment banking division successfully concluded advisory on the second issuance valued at EGP 450m, with a tenor