MSMEDA injects EGP 79.6bn in financing since 1991: CEO
Bassel Rahmy, Chief Executive Officer of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), said that the agency has injected EGP 79.6bn in financing since its establishment 35 years ago under the name of the Social Fund for Development.
Suez Canal Bank hosts first ‘Privé Day’ at Rehab branch
Suez Canal Bank launched its inaugural Privé Day at the Rehab branch, underscoring its strategic focus on enhancing customer engagement and elevating the premium banking experience. Organized by the retail banking and branches departments, the event introduced clients to the
Egypt signs €300m health financing agreements with France, EU
Egypt has signed new financing and grant agreements with the French Development Agency (AFD) and the European Union, including €300m ($348m) in support of the country’s universal health insurance system and primary healthcare services. The agreements were signed during a
Egypt’s finance minister calls for African supply chains and debt sustainability reforms
Egypt is working to consolidate African efforts to champion continental priorities at global financial forums and enhance cooperation with international development partners, its finance minister said. Finance Minister Ahmed Kouchouk made the remarks during a meeting with Moussa Faki, former
Improving Egypt’s global mining ranking is a strategic priority to attract investment, Badawi says
mproving Egypt’s ranking in global mining investment indices is a strategic priority to boost investor confidence and attract international funding, the petroleum and mineral resources minister said. Minister Karim Badawi made the remarks during the first executive committee meeting for
Egypt targets 78% debt-to-GDP by 2027, posts 5% Q3 growth despite regional conflict
Egypt’s newly approved state budget aims to reduce the debt-to-GDP ratio to approximately 78% by June 2027 and cut external debt by $1bn to $2bn, Prime Minister Mostafa Madbouly announced on Wednesday, as the economy recorded a 5% growth rate
Fairer global financing environment sought by Egypt’s finance minister at Paris Forum
Emerging markets are looking for a fairer financing environment that stimulates investment and economic growth, Egypt’s finance minister said, calling for unified international efforts to build a financial architecture that is more supportive of developing economies. Speaking at the Paris
Electricity minister reviews progress on Dabaa nuclear power plant
Mahmoud Esmat, Minister of Electricity and Renewable Energy, met with Sherif Helmy, Chairperson of the Nuclear Power Plants Authority (NPPA), and Osama El Metbouly, Head of the Ministry’s Security Sector, to review implementation of the physical protection plan, developments related
Gold erases 2026 gains in Egypt amid global market pressure
Gold prices in Egypt fell sharply on Tuesday, pressured by a steep decline in global bullion markets and the continued stability of the Egyptian pound against the US dollar, pushing the precious metal to its lowest level since the start
Ministry of Justice partners with Sahl to expand e-payment services
The Ministry of Justice has signed a cooperation protocol with Sahl, Egypt’s premier mobile bill payment app, to enable e-payment and collection of ministry-related fees and services through the company’s nationwide payment network. The agreement seeks to simplify procedures for