Egypt’s PM inaugurates Urban Expo at WUF12
Prime Minister of Egypt Mostafa Madbouly opened the Urban Expo on the sidelines of the 12th World Urban Forum (WUF) on Monday. The event also witnessed the attendance of President Abdel Fattah Al-Sisi. It will run from 4 to 8
CBE receives 28 offers worth €922.8m to cover local euro-denominated T-bills issuance
The Central Bank of Egypt (CBE) received 28 offers worth €922.8m to cover an issuance of local treasury bills denominated in the European currency. CBE launched a tender worth €600m on Monday, on behalf of the Ministry of Finance,
NanoGuard: AUC research team develops long-term disinfectant
A research team from the Department of Chemistry of the American University in Cairo (AUC) developed a novel long-term dual disinfectant formula dubbed NanoGuard. The long-lasting disinfectant, now patented in the United States, can be sprayed on common surfaces
Egypt, Azerbaijan discuss enhancing cooperation in urban development
Egypt’s Minister of Housing, Utilities, and Urban Communities, Sherif El-Sherbiny, met with the Chairperson of the State Committee on Urban Planning and Architecture of Azerbaijan, Anar Guliyev, and his accompanying delegation on the sidelines of the 12th World Urban Forum.
Government takes steps to stabilize food prices: Madbouly
The Egyptian government is taking measures to increase the supply of goods and stabilize prices following recent hikes, Prime Minister Mostafa Madbouly announced on Sunday. He chaired a meeting with relevant ministers to discuss the situation, emphasizing the government’s commitment
Egypt keen to expand health projects, notably Nasser Institute: Abdel Ghaffar
Egypt’s Deputy Prime Minister and Minister of Health and Population, Khaled Abdel Ghaffar, stated that his ministry prioritizes expanding health projects nationwide. Nasser Institute Hospital for Research and Treatment is at the forefront of these initiatives, with plans to
Kredit secures EGP 875m in facilities from 9 banks, financial institutions
Kredit, a subsidiary of GB Capital for project financing, announced it has secured EGP 875m in bank facilities from nine local and international banks and financial institutions, including the National Bank of Egypt, Banque du Caire, Al Baraka Bank, Egyptian
CI Capital concludes EGP 3.919bn securitised bond issuance for Tasaheel Finance
CI Capital, the leading diversified financial services group, announced Sunday the conclusion of EGP 3.919bn securitised bond issuance for Capital for Securitization, on behalf of Tasaheel Finance, who acted as the originator of the portfolio. The issuance comes in six
MSMEDA allocates EGP 25m for handicrafts through Aman
The Micro, Small, and Medium Enterprises Development Agency (MSMEDA) has signed a new EGP 25m contract with Aman Holding to strengthen support for handicraft and heritage projects through the “Hirfa” microfinance initiative. According to a statement from MSMEDA on Sunday,
CIB becomes first bank to undergo electronic inspection under Egypt’s new tax system
Sherif Al-Kilani, Deputy Minister of Finance for Tax Policies, highlighted the Minister of Finance’s commitment to maintaining open communication with the Ministry’s success partners and the Egyptian Tax Authority. He expressed gratitude for CIB’s achievement as the first entity in