Egypt, Nigeria agree to strengthen agricultural cooperation
Alaa Farouk, Egypt’s Minister of Agriculture and Land Reclamation, met with Abubakar Kyari, Nigeria’s Minister of Agriculture and Food Security, to discuss ways to deepen agricultural cooperation between the two countries. The meeting, which was also attended by Mustafa Al-Sayyad,
Arab-African Council for Awareness plans new initiatives with Arab League, Hospitals Federation
The Arab-African Council for Awareness is planning new initiatives in cooperation with the Arab League and the Arab Hospitals Federation. This was announced following a meeting of the council’s Board of Directors with its High Advisory Committee, composed of experts
Elsewedy Electric achieves financial close on Greece’s first large-scale battery storage project
Elsewedy Electric, a leading provider of integrated energy, infrastructure, and digital solutions, has announced the financial close of a landmark 50MW/100MWh Battery Energy Storage System (BESS) project in Greece through its wholly owned subsidiary, Energy Bank I S.A. This project
MSMEDA, Erada Microfinance ink EGP 60m deal to fund 1,700 micro-enterprises
The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has signed a significant agreement with Erada Microfinance, securing EGP 60m to support micro-enterprises. This funding initiative is expected to finance approximately 1,700 new or existing ventures, with a focus on
5th WEPEX to boost Egypt-Kenya trade relations in September
Twenty-five leading Egyptian companies are gearing up to participate in the 5th Water, Electricity, and Power Exhibition (WEPEX), scheduled to take place in Kenya this September. The event, organized by 2Art Fairs for Event and Exhibitions in collaboration with IkapaMedia
Egypt sets new minimum capital requirements for insurers
The Board of Directors of Egypt’s Financial Regulatory Authority (FRA), chaired by Mohamed Farid, has issued Decree No. 196 of 2024, setting new minimum capital requirements for insurance companies. The decree implements provisions of the Unified Insurance Law issued in
CBE’s net foreign assets reach $11.64bn surplus in December 2024
The Central Bank of Egypt (CBE) reported a surplus in its net foreign assets for December 2024, marking the eighth consecutive month of growth. The surplus reached $11.64bn (EGP 592.469bn), slightly down from the previous month’s surplus of $11.79bn (EGP
Foreign Minister Abdelatty promotes Egypt’s green energy strategy in Brussels
Egyptian Foreign Minister Badr Abdelatty met with Wim Dhont, offshore cable manager at the Belgian company Jan De Nul, on Sunday, to discuss grid connection projects and renewable energy cooperation. The meeting took place at the start of Abdelatty’s visit
PM witnesses signing of contracts to expand reach of Egyptian Knowledge Bank
Egypt’s Prime Minister Mostafa Madbouly attended on Sunday the signing ceremony of several key agreements aimed at expanding the international services of the Egyptian Knowledge Bank (EKB). The agreements, signed between the Ministry of Higher Education and Scientific Research and
E-system for clearing investors’ dues to launch next month: Finance Minister
Minister of Finance Ahmed Kouchouk announced that an electronic system for clearing between investors’ dues and debts will be launched next month, offering investors enhanced liquidity. He also revealed that exceptional solutions would soon be implemented to resolve all tax