CIB completes EGP 1.82bn securitization transaction for GB Leasing
The Commercial International Bank (CIB) Egypt has successfully completed its ninth securitization transaction for GB Leasing, valued at EGP 1.82bn. This marks a significant milestone in the company’s ongoing three-year securitization bond issuance program, which totals EGP 15bn. In collaboration
Egypt’s Local Development Minister meets S. Korean ambassador to strengthen cooperation
Manal Awad, Egypt’s Minister of Local Development, welcomed Kim Young-hyun, South Korea’s Ambassador to Cairo, for a meeting to discuss expanding bilateral cooperation in the field of local development. The Monday meeting was also attended by Hossam Al-Qawish, Assistant Minister
Geely Auto to open Egyptian factory with plans for regional export hub
Egyptian Prime Minister Mostafa Madbouly met with Song Jim, Chairperson of Geely Global Automobile and Vice Chairperson of Geely Auto Holding, to discuss the company’s plans to establish a vehicle manufacturing plant in Egypt through a partnership with Auto Mobility.
Egypt seeks stronger ties with Latvia, Botswana
Egyptian Foreign Minister Badr Abdelatty met with Andžejs Viļumsons, Secretary of State at the Latvian Ministry of Foreign Affairs, on Jan. 14, to discuss bilateral relations and cooperation. In a separate phone call on Tuesday, Abdelatty spoke with Phinny Butale,
Deputy PM reviews progress on Egyptian baccalaureate reform
Khaled Abdel Ghaffar, Deputy Prime Minister for Human Development and Minister of Health and Population, has directed the formation of a higher advisory committee for human development to evaluate the national project and develop operational mechanisms for its implementation, leveraging
Gold prices rise amid US inflation data anticipation: Gold Bullion
Gold prices increased in global trading on Tuesday, bolstered by uncertainty surrounding the political plans of US President-elect Donald Trump. Markets are awaiting US inflation data, expected to offer more clarity on the Federal Reserve’s future monetary policy. The global
Tameer Egypt unveils Urban Business Lane mega-project in New Cairo
Tameer Egypt has officially launched its ambitious new mega-project, Urban Business Lane (UBL), a sprawling investment business complex covering over 155,000 sqm in New Cairo. As a key part of the UrbanWalk master plan, UBL represents a major step forward
Elsewedy, China’s Kingdom Holdings sign $60m deal to boost Egypt’s textile sector
Elsewedy Industrial Development, a subsidiary of Elsewedy Electric, has signed a significant $60 million agreement with China’s Kingdom Holdings, a global leader in the textile industry, to establish a private free zone in Egypt’s Industria Sadat. The agreement, supported by
MSMEDA, ISFD collaborate to boost youth, women entrepreneurship, innovation
Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), recently met with Heba Ahmed, Director General of the Islamic Solidarity Fund for Development (ISFD), to further solidify their ongoing collaboration. This partnership, which began with the
Al Manar aims for 50% export share with focus on local manufacturing growth
Al Manar Group, a leading manufacturer, blender, and distributor of automotive fluids, has outlined its strategic plan to focus on local manufacturing while expanding its footprint in both Egyptian and regional markets. The company aims to boost its exports to