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
IFC, Orascom Development partner to boost green tourism in Egypt
IFC announced on Sunday a partnership with Orascom Development Holding’s (ODH) largest subsidiary, Orascom Development Egypt (ODE), to support the leading Egypt-based tourism and real estate developer to improve energy and water efficiency and reduce greenhouse gas (GHG) emissions across
HPD Developments debuts in Egypt with EGP 8bn investment plan
HPD Developments has officially launched in partnership with Saudi Arabia’s Zamil Group. Leveraging over 20 years of experience, the company aims to redefine real estate with an ambitious vision, rooted in Zamil’s distinguished legacy in Saudi construction since 1920. Sherif
US Academy for Women Entrepreneurs Conference highlights commitment to Egypt’s economic prosperity
The US Embassy in Cairo hosted the Academy for Women Entrepreneurs (AWE) Conference 2024 at the AUC Tahrir Campus in Cairo. The event was inaugurated by US Ambassador Herro Mustafa Garg and American University in Cairo President Ahmed Dallal, bringing
Egypt hosts 2nd Global Dialogue on AI Governance
Amr Talaat, Egypt’s Minister of Communications and Information Technology, presided over the closing session of the second Global Dialogue on Artificial Intelligence (AI) Governance. Held in Egypt from 19 to 21 November, the event convened members of the African Union