Egypt holds consultative meeting to discuss national foreign direct investment strategy
Egypt’s Ministry of Planning, Economic Development and International Cooperation hosted a consultative meeting on Tuesday to discuss the draft of the National Foreign Direct Investment (FDI) Strategy, prepared in collaboration with the World Bank Group. The meeting, attended by representatives
Suez Canal Bank offers EGP 1.2bn credit facility to Madkour Group
Suez Canal Bank has signed a credit facility agreement worth EGP 1.2bn with Madkour Group. This collaboration aims to expand the bank’s partnership base by offering innovative and flexible financing solutions to various institutions, helping them grow their businesses and
TEZ Tour to launch Egypt’s first advertising sports airline
TEZ TOUR Egypt has announced new investments in the aviation sector, preparing to launch the country’s first advertising sports airline. This innovative venture aims to offer a unique experience of sports-themed flights over Egypt’s iconic tourist attractions. Reaffirming its
GAFI, Hong Kong delegation explore investment opportunities in Egypt
Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), met with a high-level economic delegation from Hong Kong, led by Nick Chan, Hong Kong Deputy to the National People’s Congress of China, and Herman Tse, Head
Egyptian government plans to borrow EGP 1.293trn from domestic market
The Egyptian government plans to borrow EGP 1.293trn from the domestic market during November and December 2024, according to figures obtained by Daily News Egypt. The government intends to use the borrowed funds to repay previous debt instruments and finance
Egypt to reoffer lands of non-serious investors: Al-Wazir
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, met with Fayoum Governor Ahmed El-Ansary and senior officials to address challenges faced by investors in the governorate’s industrial zones and explore solutions. The meeting reviewed
Al Tadamun Microfinance, CIB sign credit facility agreement worth EGP 150m
Al Tadamun Microfinance Foundation, a leader in financing micro-enterprises for women, announced that it had signed an agreement with the Commercial International Bank – Egypt (CIB) to renew a credit facility agreement worth EGP 150m. This agreement aims to expand
Raya Foods secures $40m investment from Helios to boost expansion
Raya Holding for Financial Investments has announced securing an investment of approximately $40m from Helios Investment Partners, Africa’s largest investment fund which manages around $37.5bn in assets, into Raya Foods. Through this investment, Helios will acquire 49% of Raya Foods’
Egypt, World Bank collaborate on Greater Cairo Air Pollution Management and Climate Change Project
Egypt’s Minister of Environment, Yasmine Fouad, inaugurated the opening session of a World Bank technical mission visit to review the progress of the Greater Cairo Air Pollution Management and Climate Change Project. This joint initiative between the Ministry of Environment
Al-Sisi orders review of Egypt’s IMF programme
Egypt’s President Abdel Fattah Al-Sisi has urged the government to reassess the country’s programme with the International Monetary Fund (IMF) in response to current regional and global developments. Speaking at the Global Conference on Population, Health, and Human Development (24PHDC)