Post for Investment, AXA launch Egypt’s first microinsurance company
Post for Investment, the investment arm of Egypt Post, and AXA Egypt have signed a strategic partnership agreement. Amr Talaat, Minister of Communications and Information Technology, Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), and French Ambassador to Egypt
FRA reveals size of non-banking financing in July 2024
The Financial Regulatory Authority (FRA) has disclosed the total volume of non-banking financing provided by institutions under its supervision to various sectors in July 2024. Micro, Small, and Medium Enterprises (MSMEs) According to a recent FRA report, the outstanding
Swiss Barry Callebaut to establish $30m factory in Egypt
Yasser Abbas, Deputy CEO of the General Authority for Investment and Free Zones (GAFI), met with a delegation from the Swiss company Barry Callebaut, led by Vamsi Mohan, Regional Head for Asia, Africa, and the Middle East, to discuss the
Egypt, Sweden explore cooperation in health investment
Chairperson of Egypt Healthcare Authority and Supervisor General of the Universal Health Insurance and Life Dignified projects, Ahmed El-Sobky, met with Swedish Ambassador to Cairo Håkan Emsgård, along with representatives from major Swedish companies in the country to discuss enhancing
Egypt to establish desalination plants in 11 coastal governorates
Deputy Minister of Housing, Utilities, and Urban Communities, Sayed Ismail, has held a meeting to review the progress of the strategic plan for seawater desalination through 2050. The meeting also discussed boosting coordination between relevant state entities for desalination plants.
Egypt, League of Islamic Universities discuss bilateral cooperation in environmental issues
Egypt’s Minister of Environment, Yasmine Fouad, met on Sunday with Sami Al-Sharif, Secretary-General of the League of Islamic Universities (LIU), and his accompanying delegation, to discuss ways of cooperation between the two sides. During the meeting, ways of cooperation
Magnom Properties invests $1bn Forbes International Tower development in Egypt
Magnom Properties, the real estate arm of Rawabi Holding, announced that it is considering launching the Forbes International Tower project in Saudi Arabia and the UAE, with projected investments exceeding $1bn for each location, according to the company’s CEO, Maged
Egypt’s GDP growth records 2.4% in FY 2023/24
Egypt’s GDP growth rate slowed to 2.4% in the fourth quarter of fiscal year (FY) 2023/24, bringing the annual growth rate to 2.4%, down from 3.8% in the previous year. The slowdown was attributed to a combination of factors includingongoing
Egypt secures $2.9bn in new financing: Al-Mashat
Egypt is on track to secure $2.9bn in new financing from a group of development partners, including the European Union, Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat told Daily News Egypt. The funds are intended to support
Egypt, UAE leaders witness launch of $110bn Ras El-Hekma Development Project
Egypt President Abdel Fattah Al-Sisi and UAE President Mohamed bin Zayed Al Nahyan witnessed the launch of the Ras El-Hekma development project on Egypt’s western North Coast, a significant step in strengthening economic ties between the two countries. The total