FRA launches first register for tech-based risk assessment firms in non-banking finance
The Financial Regulatory Authority (FRA) has issued a decision establishing a dedicated register for companies that provide technology-driven risk assessment systems for non-banking financial activities, marking a significant step in regulating the use of advanced technologies within Egypt’s non-banking finance
Egypt accelerates phase 2 of BRT, Ring Road upgrades to ease congestion, expand green transport
Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, conducted an inspection tour to review progress on phase two of the Bus Rapid Transit (BRT) project and ongoing works under the second phase of
Egypt’s Health Ministry, Philips to study local manufacturing of CT scan machines
Egypt’s Ministry of Health and Population is preparing a joint feasibility study with Philips to localise the manufacturing of CT scan machines, the ministry announced on Monday. Khaled Abdel Ghaffar, Deputy Prime Minister for Human Development and Minister of Health
African World Heritage Fund registers four new sites as Egypt hosts board meetings
The African World Heritage Fund (AWHF) facilitated the registration of four new African heritage sites on the UNESCO World Heritage List during the last six months, officials announced during board meetings hosted by Egypt. The 38th session of the AWHF
Housing Minister reviews progress at alternative site for Samla, Alam Al-Roum
Minister of Housing, Utilities and Urban Communities Sherif El-Sherbiny held a meeting to review progress on ongoing works at the site designated as an alternative location for the Samla and Alam Al-Roum areas, as well as to assess the current
Industry Ministry rolls out incentive package to expand cold-rolled, coated steel production
Egypt’s Ministry of Industry has unveiled a new package of investment incentives aimed at encouraging the establishment of factories producing cold-rolled, galvanised, and pre-painted steel sheets and coils, which are regarded as key inputs for a wide range of strategic
Egypt, Qatar sign MoU to expand cooperation in energy
Egypt and Qatar have signed a memorandum of understanding (MoU) in Doha to strengthen cooperation in the energy sector, particularly in the sale and import of liquefied natural gas (LNG), as well as other areas of energy collaboration. The MoU
ETA outlines second package of tax facilitations, emphasises continuous dialogue
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), said the Authority remains committed to sustained consultation and continuous dialogue in connection with the second package of tax facilitation measures. Her remarks came during her participation in the conference
Maximising industrial asset utilisation central to Public Enterprises strategy: Minister
Mohamed El-Shimy, Minister of the Public Enterprises Sector, said that maximising the utilisation of industrial assets is a central pillar of the ministry’s strategy, aimed at enhancing the competitiveness of Egyptian products in both local and international markets and supporting
Al Ahly Pharos advises on EGP 3.52bn Tasaheel securitization deal
Al Ahly Pharos, the investment banking arm of the National Bank of Egypt, successfully acted as financial advisor, transaction lead arranger, underwriter, and book-runner for Capital Securitization Company’s fourth securitization issuance of the 12th program, valued at EGP 3.52bn. The