Government advances restructuring of NIB to strengthen development role: Planning Minister
Ahmed Rostom, Minister of Planning and Economic Development and Chair of the National Investment Bank (NIB), chaired a meeting of the Bank’s Board of Directors to review progress on its ongoing restructuring, aimed at strengthening its role as the government’s
CI Capital closes EGP 2.21bn securitisation issuance for Halan Consumer Finance
CI Capital, a leading financial services group, announced on Monday the successful completion of an EGP 2.214bn securitised bond issuance on behalf of Capital for Securitisation, with Halan Consumer Finance acting as the originator. The issuance was structured across two
Egypt, Morocco sign wide-ranging cooperation deals on investment, industry and taxation
Egypt and Morocco signed a series of agreements on Monday spanning industrial cooperation, investment, and the avoidance of double taxation to strengthen bilateral relations, the Egyptian cabinet said. Egyptian Prime Minister Mostafa Madbouly and his Moroccan counterpart Aziz Akhannouch witnessed
Al-Sisi calls for tighter inflation control, flexible exchange rate policy
Egyptian President Abdel Fattah Al-Sisi on Monday called for sustained efforts to curb inflation and maintain a flexible, unified exchange rate, while ensuring sufficient foreign currency availability to support economic activity. During a meeting with Prime Minister Mostafa Madbouly and
Egypt launches fourth phase of smart green projects initiative
The Egyptian government on Monday launched the fourth phase of the National Initiative for Smart Green Projects (NISGP), as part of ongoing efforts to support the transition to a green economy and strengthen climate action at the local level. The
Egypt, Morocco explore deeper agricultural cooperation, trade and investment
Egypt’s Minister of Agriculture and Land Reclamation, Alaa Farouk, held talks with Ahmed El Bouari, Morocco’s Minister of Agriculture, Maritime Fisheries, Rural Development, Water and Forests, to explore ways to strengthen bilateral cooperation across the agricultural sector. The meeting took
Military Production Minister explores manufacturing partnerships with MSMEDA
Minister of State for Military Production Salah Gamblat met with Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), to discuss expanding cooperation across a range of manufacturing sectors. The Monday meeting comes as part of
Egypt steps up efforts to build business trust through tax reforms: Finance Minister
Minister of Finance Ahmed Kouchouk said the government is intensifying efforts to build trust with the business community through tangible facilitation measures, as part of a broader push to modernise Egypt’s tax system and expand the tax base. He noted
East Port Said receives largest-ever dry bulk vessel at Egyptian port
The Suez Canal Economic Zone (SCZONE) has announced the arrival of the vessel MV PAROSHIP at East Port Said Port, marking the largest dry bulk carrier ever to berth at an Egyptian port. The ship arrived on Sunday from Mauritania
Egypt’s gold prices jump nearly 5% in single week on global rally, FX volatility
Gold prices in Egypt posted a sharp increase over the past week, supported by rising global prices and continued fluctuations in the exchange rate of the U.S. dollar against the Egyptian pound. The price of 21-karat gold, the most actively