Al-Mashat calls for expanding just financing for developing countries
Rania Al-Mashat, Egypt’s Minister of Planning, Economic Development, and International Cooperation, has called for expanding just financing for developing countries to help with their development and climate change efforts. This came as she participated as a keynote speaker in the
Suez Canal Bank, Raya Information Technology sign EGP 1.2bn protocol to support expansion plans
Suez Canal Bank has signed a cooperation protocol with Raya Information Technology, a subsidiary of Raya Holding for Financial Investments, under which Raya Information Technology will receive credit facilities amounting to EGP 1.2bn. This cooperation comes as part of Suez
EMEA integrated utilities maintain stable ratings despite rising capex: Fitch Ratings
Most integrated utility companies in emerging markets (EM) in the Europe, Middle East, and Africa (EMEA) region have stable credit ratings despite Fitch Ratings’ expectation of increased capital expenditure (capex) in the coming years. In a press statement Fitch said
Eissa appointed as CI Capital’s non-executive chairperson
CI Capital Holding for Financial Investments announced appointing Ahmed Eissa as a non-executive chairperson, representing Banque Misr. Eissa will succeed Mohamed El-Etreby, who was thanked for his distinguished efforts and outstanding contributions during his leadership of the company. CI Capital’s
SCZONE, ‘Ebda’ cooperate to boost investment, industry localisation
Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), and Amani Eid, the head of the National Initiative for Developing Egyptian Industry “Ebda” (Start), signed a cooperation protocol to support investment and localise industry. Under the protocol, the
Investment Minister follows up on progress of Japanese Yazaki’s €30m project in Egypt
Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, met Oka Hiroshi, the Japanese Ambassador to Cairo, and a delegation from Japan’s Yazaki Corporation for electrical wiring manufacturing. The meeting followed up on the developments of the Yazaki factory
Egypt, UAE seek to boost cooperation between state-owned companies
Egypt’s Minister of Public Enterprises Sector, Mohamed Shimi, met with the UAE Ambassador to Cairo and Permanent Representative to the Arab League, Mariam Khalifa Al Kaabi, and her delegation at the ministry’s headquarters in the New Administrative Capital to discuss
Egypt, Germany sign €30m grant for green hydrogen project
Egypt and Germany have strengthened their bilateral cooperation with the signing of a €30m grant agreement for a green hydrogen project. The agreement was signed during a meeting between the Egyptian Minister of Planning, Economic Development, and International Cooperation Rania
Discover Alburouj the Perfect Circle, developed by IMKAN Misr
Nestled in the heart of New Heliopolis, Alburouj the Perfect Circle is not just a community; it’s a lifestyle. Spanning over 5 million square meters, it is masterfully designed to combine modern living, lush green spaces, cutting-edge facilities and a
Egypt revives Sinai’s railway after decades of suspension
The long-forgotten rail network will be revived in Sinai after decades of suspension. The story began in the late 19th Century when the British laid strategic tracks to protect the Suez Canal. During the First and Second World Wars, the