Egypt, Liberia sign aquaculture cooperation agreement
Egypt and Liberia have signed a memorandum of understanding (MOU) to collaborate on aquaculture development, officials announced. The agreement, signed Monday by the Egyptian Lake Protection and Fish Resources Development Authority (LPRDA) and Liberia’s National Fisheries and Aquaculture Authority (NFAA),
AAIB, IFC, EBRD, and BII launch $500m sustainability bond to advance climate finance, support MSMEs
The Arab African International Bank (AAIB) has issued a $500m sustainability bond, backed by investments from IFC, the European Bank for Reconstruction and Development (EBRD), and British International Investment (BII). This initiative aims to advance Egypt’s green transition while supporting
Egypt’s President reviews economic progress with PM, CBE Governor
President Abdel Fattah Al-Sisi met Monday with Prime Minister Mostafa Madbouly and Central Bank of Egypt Governor Hassan Abdalla to review Egypt’s macroeconomic indicators. The meeting followed a recent visit by the International Monetary Fund (IMF) and its reaffirmation of
Egypt’s Abdelatty advocates for Gaza Ceasefire at Rome Forum, meets French counterpart
Egypt’s Foreign Minister Badr Abdelatty called for an immediate ceasefire in Gaza and advocated for diplomatic solutions to regional conflicts during his participation in the Rome Mediterranean Dialogues forum on 25 November. He also met with his French counterpart, Jean-Noël
NUCA issues securitization bonds exceeding EGP 40bn: FRA chief
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), has highlighted the importance of securitization mechanisms for real estate companies, citing the New Urban Communities Authority (NUCA) as an example. He revealed that NUCA had issued securitization bonds exceeding EGP
MSMEDA partners with banks to offer Islamic financing for small enterprises: CEO
Basel Rahmy, CEO of Egypt’s Micro, Small, and Medium Enterprises Development Agency (MSMEDA), announced Monday that the agency partnered with several banks to provide Islamic financing solutions for small enterprises. These banks include Faisal Islamic Bank of Egypt, United Bank,
Poland’s Henfra to invest $10.6bn in green ammonia project in Egypt
Henfra, a prominent Polish company, is set to invest $1.6bn in the establishment of a green ammonia production facility in Egypt, with total investments expected to reach $10.6bn as the facility’s capacity grows to one million tonnes annually. In a
Madinaty Golf Club: Africa’s Best Golf Course for 2nd Consecutive Year
Madinaty Golf Club has been named the Best Golf Course in Africa for the second consecutive year, according to the World Golf Awards. This accolade, announced at the awards ceremony on 22 November 2024 in Madeira, Portugal, follows the club’s
Al-Sisi reviews updates in Egypt’s energy, interconnection projects
Egyptian President Abdel Fattah Al-Sisi convened on Sunday with Prime Minister Mostafa Madbouly, Minister of Electricity and Renewable Energy Mahmoud Esmat, and Minister of Petroleum and Mineral Resources Karim Badawi to review the latest developments in the electricity sector. The
Egyptian Foreign Minister holds talks in Kuwait on economic, security ties
Egyptian Foreign Minister Badr Abdelatty met with His Highness Crown Prince Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah and subsequently with Kuwait’s Acting Prime Minister, Minister of Defence and Minister of Interior, Fahd Yousef Saud al-Sabah, during a visit to Kuwait on