Egyptian investors emphasize private sector’s significance for economic growth
Chairperson of Al Ahly Sabbour Developments, Ahmed Sabbour, emphasized that investors have become a central focus of global attention. They are the driving force that elevates the economy to higher efficiency, significantly contributing to international production through investments that ultimately
Egypt’s President reviews economic progress with PM, CBE Governor
President Abdel Fattah Al-Sisi met Monday with Prime Minister Mostafa Madbouly and Central Bank of Egypt Governor Hassan Abdalla to review Egypt’s macroeconomic indicators. The meeting followed a recent visit by the International Monetary Fund (IMF) and its reaffirmation of
NUCA issues securitization bonds exceeding EGP 40bn: FRA chief
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), has highlighted the importance of securitization mechanisms for real estate companies, citing the New Urban Communities Authority (NUCA) as an example. He revealed that NUCA had issued securitization bonds exceeding EGP
MSMEDA partners with banks to offer Islamic financing for small enterprises: CEO
Basel Rahmy, CEO of Egypt’s Micro, Small, and Medium Enterprises Development Agency (MSMEDA), announced Monday that the agency partnered with several banks to provide Islamic financing solutions for small enterprises. These banks include Faisal Islamic Bank of Egypt, United Bank,
Poland’s Henfra to invest $10.6bn in green ammonia project in Egypt
Henfra, a prominent Polish company, is set to invest $1.6bn in the establishment of a green ammonia production facility in Egypt, with total investments expected to reach $10.6bn as the facility’s capacity grows to one million tonnes annually. In a
Souhoola completes EGP 478m securitization bond issuance
BM Consumer Finance (Souhoola), a consumer finance company, has completed ab EGP 478m (approximately $15.7m) securitized bond issuance in three tranches, the company announced. CI Capital acted as the issuance manager and principal coordinator for the transaction. The issuance, Souhoola’s
TMG launches residents’ cycling marathon at Celia, New Administrative Capital
Talaat Moustafa Group (TMG) launched its first-ever residents’ cycling marathon, promoting health and fitness among its community members. The initial stage of the multi-stage event took place at Celia, the group’s flagship development in Egypt’s New Administrative Capital. Hundreds of
Madinaty Golf Club: Africa’s Best Golf Course for 2nd Consecutive Year
Madinaty Golf Club has been named the Best Golf Course in Africa for the second consecutive year, according to the World Golf Awards. This accolade, announced at the awards ceremony on 22 November 2024 in Madeira, Portugal, follows the club’s
Al-Sisi reviews updates in Egypt’s energy, interconnection projects
Egyptian President Abdel Fattah Al-Sisi convened on Sunday with Prime Minister Mostafa Madbouly, Minister of Electricity and Renewable Energy Mahmoud Esmat, and Minister of Petroleum and Mineral Resources Karim Badawi to review the latest developments in the electricity sector. The
IQOS: A Decade of Innovation Toward a Smoke-Free Future
In today’s world, industries face a critical challenge, adapting the business and operating models alongside the products and services offered to the demands of modern sustainability standards, including internationally renowned commitments. Revolutionizing environmental and social sustainability has become