Egypt-Ireland trade exchange hits $448m in 10M 2024
The Central Agency for Public Mobilization and Statistics (CAPMAS) announced that the trade exchange between Egypt and Ireland reached $448m during the first 10 months of 2024, up from $428m in the same period of 2023, marking a $20m increase.
Egypt to list 10 public entities by 2025, including 4 military-affiliated firms
Egypt plans to list at least 10 companies on the stock market in 2025, Prime Minister Mostafa Madbouly announced at a press conference on Wednesday. Of these, four companies are affiliated with the military. The government intends to offer both
CI Capital advises on United Bank’s EGP 4.57bn IPO on Egyptian Exchange
CI Capital has announced the successful execution of the EGP 4.57bn initial public offering (IPO) of United Bank, marking a significant milestone in the Egyptian financial market. This transaction, one of the largest in recent years, makes United Bank the
Turathna Expo for handicrafts to open Dec. 12 with over 1,000 exhibitors
Basel Rahmy, CEO of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), emphasized the agency’s commitment to establishing the Turathna Exhibition as a central hub for Egyptian handicrafts and traditional arts. The event will bring together various ministries, governmental
Egyptian banks launch Apple Pay tokenization
Several major Egyptian banks have activated card tokenization services through Apple Pay, following the Central Bank of Egypt’s (CBE) February 2023 approval of regulations for this technology. National Bank of Egypt, Banque Misr, and Commercial International Bank (CIB) are among
Egypt’s annual urban inflation slows to 25.5% in November 2024
Egypt’s annual urban inflation rate eased to 25.5% in November 2024, down from 26.5% in October, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). The monthly inflation rate registered a modest 0.5%, driven by a 1.9% drop
Raya Holding secures $15m from Africa50 for Tier III data centre
Raya Holding for Financial Investments has announced a strategic $15m investment in its subsidiary, Raya Data Centre (RDC), from Africa50, a pan-African infrastructure investor and asset manager. This funding, paired with an additional $10m from Raya Information Technology, brings the
Egypt’s Prime Minister reviews economic entity restructuring efforts
Egyptian Prime Minister Mostafa Madbouly chaired a meeting Monday to assess the progress of the committee responsible for reforming and restructuring the nation’s economic entities. The meeting included Planning and International Cooperation Minister Rania Al-Mashat and Hussein Eissa, head of
Egypt to adopt new methodology for economic development planning
Egypt will implement a new methodology for preparing its economic and social development plan for the 2025-2026 fiscal year, Planning and International Cooperation Minister Rania Al-Mashat announced at the 6th Economic Conference organised by Hapi Journal. The new approach aims
Egyptian Education Minister meets Greek counterpart to discuss educational collaboration
Egypt’s Minister of Education and Technical Education, Mohamed Abdel-Latif, met on Monday with Greece’s Minister for Education, Religious Affairs, and Sport, Kyriakos Pierrakakis, and the Greek Ambassador to Egypt, Νikolaos Papageorgiou, to discuss potential collaboration in the development of pre-university