MSMEDA to double support for project owners outside Cairo: CEO
Basel Rahmy, CEO of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), announced that in 2025, the authority will work to significantly increase both the financial and non-financial services available to project owners across Egypt’s governorates. This effort will
Letter from Mideast: Reopening of Rafah crossing offers fragile hope to Gazans
In the 15 months covering the war in Gaza from my office in Cairo, the Rafah crossing is the farthest point I can go since the Israeli authorities do not allow international reporters into Gaza. The crossing reveals, to some
Egypt Pledges Continued Support for Somalia in New Strategic Partnership
Egypt and Somalia formally elevated their relationship to a strategic partnership on Thursday, solidifying cooperation across political, military, economic, and cultural spheres. Egyptian President Abdel Fattah Al-Sisi and Somali President Hassan Sheikh Mohamud signed a joint political declaration at the
Egypt’s mid-year box office showdown
As winter’s chill blankets the city, cinemas transform into battlegrounds for cinematic pre-eminence. With new releases competing for attention, each film promises a unique narrative and unforgettable moments. Directors and actors, like knights jousting for the spotlight, are all aiming
FRA forms advisory group to support oversight committee on carbon emission reduction
The Financial Regulatory Authority (FRA) has announced the formation of an advisory group to assist the Oversight and Supervision Committee for Carbon Emission Reduction Units. The group will provide expert technical advice on key areas related to the committee’s responsibilities,
Transport Ministry completes 99% of Tahya Misr 2 terminal project at Alexandria Port
The Ministry of Transport has successfully completed 99.5% of the Tahya Misr 2 multipurpose terminal project at Dekheila Port, Alexandria, including 40% of soil improvement work, dredging, and sea sand collection. Minister of Transport, Kamel Al-Wazir, announced that the construction
FRA introduces new rules for securities not listed on EGX
The Board of Directors of the Financial Regulatory Authority (FRA), led by Mohamed Farid, has issued Decision No. 303 of 2024, amending the rules for handling securities not listed on the Egyptian Exchange (EGX). This decision updates the FRA’s previous
Housing Minister explores collaboration with global generator firms to boost local manufacturing expertise
During his visit to France, Sherif El-Sherbiny, Minister of Housing, Utilities, and Urban Communities, met with key representatives from leading international generator companies, including the General Manager of Onspec Engineering and Contracting and the Regional Director of Rehlko (formerly Kohler)
Legislative, regulatory overhaul to enhance insurance’s role in Egypt’s economy: FRA chief
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), engaged in a broad and insightful conversation with the Insurance Committee of the American Chamber of Commerce, discussing the FRA’s strategy and its comprehensive policies designed to elevate the insurance sector’s
CIB, MSMEDA sign strategic partnership to support SMEs
Commercial International Bank (CIB) has announced the signing of a strategic cooperation protocol with the Micro, Small, and Medium Enterprise Development Agency (MSMEDA) to bolster support for entrepreneurs and small and medium enterprises (SMEs) across Egypt. This partnership is aligned