FRA promotes green financing to boost investment in eco-friendly projects: Farid
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), Vice Chair of the International Organization of Securities Commissions (IOSCO), and Chair of its Growth and Emerging Markets Committee (GEMC), began his visit to Madrid, Spain, to participate in IOSCO’s Board
EBRD considers $200m debt finance for 1.1 GW Suez Wind Energy
The European Bank for Reconstruction and Development (EBRD) is considering senior debt financing of up to $200m in debt financing to support Suez Wind Energy, an Egyptian special purpose vehicle (SPV) established to build and operate a 1.1 GW wind
MSMEDA, World Bank partner to upgrade Egyptian entrepreneurship eco-system: Rahmy
Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), emphasized enhancing Egyptian startups with both financial and technical support, by working on developing innovative ideas to reach the commercialized stage. “Such set of supportive programs targeting
Zamil Steel marks 25 years in Egypt with 7,400 projects
Zamil Steel Holding’s factories in Egypt have produced around 1.2 million tonnes of metal structures for approximately 7,400 projects, serving various industrial applications over the last 25 years. Roughly 450,000 tonnes of these structures have been exported to more than
Egypt’s pharmaceutical market records EGP 277bn annual sales: EDA
Ali Ghamrawy, Chairperson of the Egyptian Drug Authority (EDA) has reported that the total sales of Egypt’s pharmaceutical market from October 2023 to September 2024 reached 3.6 billion units, valued at approximately EGP 277bn, positioning it as one of the
Egypt, Japan’s JOIN discuss investment cooperation in infrastructure
Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), met with Hideki Okada, Head of the Business Development Unit at Japan Overseas Infrastructure Cooperation (JOIN) to discuss ways to encourage Japanese companies to pump new investments
Philip Morris Misr Announces its New Prices effective November 8th, 2024
Philip Morris Misr announces its new price list for all variants of its heated tobacco products ‘HEETS’ and ‘TEREA’, and conventional cigarettes ‘Merit, Marlboro and L&M’. Philip Morris Misr assures all its adult smokers and nicotine users that the new
TMG reports record sales: EGP 53bn from Benan project in Saudi Arabia
Talaat Moustafa Group (TMG) has reported record sales, reaching EGP 470bn (equivalent to $9.4bn) as of November 6th. This represents a significant increase of over four times compared to the EGP 108bn recorded during the same period last year. The
CI Capital concludes EGP 884m securitized bond issuance for Reefy Microfinance
CI Capital, the leading diversified financial services group, announced Wednesday the conclusion of EGP 884m securitized bond issuance for Reefy Microfinance Enterprise Services, which acted as the originator of the portfolio. Reefy’s issuance comes in 3 tranches: the first valued
Communications sector contributes 5.8% to GDP in FY 2023/24: Talaat
Amr Talaat, Egypt’s Minister of Communications and Information Technology, has emphasized that the success of Egypt’s communications and IT sector is built on its human capital and expertise, which have been driving growth for six consecutive years. Thanks to the