FRA, Youth Ministry sign protocol to ensure optimal use of funding for MSMEs
The Financial Regulatory Authority (FRA) has signed a cooperation protocol with the Ministry of Youth and Sports to oversee the effective use of funding provided to small, medium, and micro-enterprises (SMEs). The signing ceremony also marked the launch of Egypt’s
Talaat Moustafa Group stock soars 148% in 2024
Shares of Talaat Moustafa Group (TMG) have surged more than 148% since the beginning of the year, closing at EGP 60 per share on Monday, compared to a closing price of EGP 24.15 per share at the end of 2023.
Madinet Masr sales hit EGP 36.7bn in 9M 2024
Madinet Masr, one of Egypt’s leading real estate developers, reported a strong performance during the first nine months of 2024, achieving a significant leap in sales, achieving a total nominal value of EGP 36.7bn. These figures underscore the company’s growing
China’s BAIC, Egypt’s Alkan Auto partner to establish EV factory
Deputy Prime Minister for Industrial Development, Minister of Industry and Transport Kamel El-Wazir witnessed the signing of an agreement between China’s BAIC and Alkan Auto, a subsidiary of the Egyptian International Motors, to establish an electric vehicle factory in Egypt.
Al-Sisi, Eni CEO discuss boosting bilateral cooperation
Egypt’s President Abdel Fattah Al-Sisi received on Monday Claudio Descalzi, CEO of the Italian company Eni, and his accompanying delegation of senior company officials, to discuss joint cooperation. The meeting was attended by Karim Badawi, Egypt’s Minister of Petroleum and
Madbouly stresses Egypt’s commitment to reforms in meeting with European People’s Party
Egyptian Prime Minister Mostafa Madbouly met with Manfred Weber, President of the European People’s Party Group in the European Parliament, on Tuesday in Cairo, discussing economic challenges, regional crises, and the deepening partnership between Egypt and the European Union. Madbouly
United Bank to offer 30% on EGX in Q4
United Bank will offer 30% of its shares on the Egyptian Exchange (EGX) during the last quarter of this year. According to a statement issued by the bank on Monday, CI Capital has been appointed to promote and cover
Egypt looks forward to constructive discussions during IMF’s 4th review of reform programme: Kouchouk
Ahmed Kouchouk, Egypt’s Minister of Finance, expressed optimism for positive and constructive discussions during the upcoming visit of the International Monetary Fund (IMF) mission, which aims to conduct the “fourth review” of Egypt’s economic reform programme. He emphasized the importance
MSMEDA injects EGP 1.9bn to fund 80,000 small, micro-enterprises in Aswan over decade
Basel Rahmy, CEO of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), announced that the agency has invested EGP 1.9bn in Aswan from 1 July 2014 to the end of September 2024. This funding has supported approximately 80,000 small
PM follows up on Ras El-Hekma development progress, compensation status
Prime Minister Mostafa Madbouly held a meeting Sunday to review updates on the development of the first phase of Ras El-Hekma project and the status of compensating the area’s residents. At the beginning of the meeting, the Prime Minister noted