Opinion| Debt Relief, Climate Action: A Win-Win for Egypt with Debt-for-Climate Swaps – Dailynewsegypt
The burden of external debt and the escalating threat of climate change pose significant challenges for developing nations like Egypt. However, a novel financial tool – debt-for-climate swaps – offers hope for a more sustainable future. This innovative approach diverges
Non-governmental FCDs in Egypt’s banking sector grow $1.2bn in 5M 2024 – Dailynewsegypt
Deposits increase from $50.4bn in December 2023 to $51.6bn in May 2024
Khaled Gamal appointed as Director of CGG Egypt – Dailynewsegypt
CGC Egypt has announced the appointment of Khaled Gamal as the new Managing Director of the company. This move underscores the company’s ongoing efforts to strengthen its position in the market for financing SMEs and to develop robust and sustainable
MSMEDA, UNDP discuss boosting cooperation to enhance SMEs in Egypt – Dailynewsegypt
Basil Rahmi, CEO of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), has met with a high-level delegation from the United Nations Development Programme (UNDP). The delegation, led by UN Assistant Secretary General and Regional Director of UNDP Bureau
Spinneys Expands Presence in Egypt with New Store in East Cairo – Dailynewsegypt
Spinneys continues to expand its footprint in the Egyptian market with the launch of a new store in the Fifth Settlement in New Cairo on Sunday, June 30. A leading retail chain in the Egyptian market, Spinneys is renowned for
Egypt advances green economy with clear legislation, incentives, and private sector engagement: Environment Minister – Dailynewsegypt
Yasmine Fouad, Egypt’s Minister of Environment, recently highlighted the country’s commitment to the green economy. Through well-defined legislation and incentives, Egypt aims to promote sustainable practices and engage the private sector. Here are the key points from her statement: Egypt
Opinion| Tax on Billionaires: A Political Vaccine Against the Extreme Right – Dailynewsegypt
Extremism and polarisation have grown in strength, especially in Europe, Latin America and the United States. This was evident in the recent European Parliament elections, where the rise of the far right unsettled the political environment in countries such as
ADCB grants EGP 1.45bn to Al Dawlia Developments for new project in New Cairo – Dailynewsegypt
Abu Dhabi Commercial Bank (ADCB) recently finalized a financing agreement with Al Dawlia Developments, extending a credit facility of EGP 1.45bn over five years. This financial support will bolster the company’s upcoming project in New Cairo, aligning with ADCB’s expansion
EU investment guarantees boost FDI in Egypt – Dailynewsegypt
Minister of International Cooperation Rania Al-Mashat and Director-General of the European Commission, Gert Jan Koopman, have convened a high-level roundtable. The focus was on introducing an investment guarantee mechanism valued at €1.8bn, provided by the European Union (EU) to Egypt.
Trade Minister, global companies discuss expansion plans in Egyptian market – Dailynewsegypt
Egyptian Minister of Trade and Industry, Ahmed Samir, has engaged in a series of meetings with officials from various global companies. These companies are either interested in investing in Egypt or expanding their existing investments within the Egyptian market. These