Egypt, UNDP discuss expanding water climate adaptation projects
Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, said on Tuesday that Egypt is working with the United Nations Development Programme (UNDP) to expand climate adaptation projects in the water sector, with a focus on coastal protection and sustainable
MSMEDA, Upper Egypt Development Authority partner to develop production clusters
Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), held talks with Amr Abdel Moneim, CEO of the Upper Egypt Development Authority, to strengthen institutional cooperation and support economic development across Upper Egypt governorates. The discussions
Social Solidarity Minister reviews progress of Strategic Financial System for Economic Empowerment
Maya Morsy, Minister of Social Solidarity, held a meeting with the team overseeing the Strategic Financial System for Economic Empowerment at the Ministry, in the presence of Hala El-Said, Economic Adviser to the President, to review the programme’s progress. The
Egypt’s Lucky secures $23m Series B to drive credit expansion across North Africa
Lucky, Egypt’s fast-growing financial technology company, has raised $23m in a Series B round combining equity and debt, as it accelerates its expansion into North Africa’s consumer credit market. The round drew support from Disruptech Ventures and DPI Venture Capital
Australia, Japan, Portugal back Egyptian efforts to contain regional military escalation
Australia, Japan, and Portugal have backed Egyptian efforts to contain regional military escalation and support a diplomatic path to avoid an “explosion” of violence, Egypt’s foreign ministry said on Tuesday. Foreign Minister Badr Abdelatty held separate telephone calls with Australian
Egypt’s Safaga 2 terminal receives giant cranes as logistics hub project nears completion
Egypt has received three giant quay cranes and six yard cranes at the Safaga 2 multipurpose terminal, Transport Minister Kamel al-Wazir announced on Tuesday. The delivery of the “super post-panamax” cranes, manufactured by China’s Shanghai Zhenhua Heavy Industries (ZPMC), marks
PM Madbouly reviews UPA finances, prioritises settlement of supplier dues
Egypt’s Prime Minister Mostafa Madbouly held a meeting on Tuesday to review the financial position of the Egyptian Authority for Unified Procurement, Medical Supply and Technology Management (UPA), alongside progress in settling outstanding dues to supplier companies. Madbouly reaffirmed the
Government advances restructuring of NIB to strengthen development role: Planning Minister
Ahmed Rostom, Minister of Planning and Economic Development and Chair of the National Investment Bank (NIB), chaired a meeting of the Bank’s Board of Directors to review progress on its ongoing restructuring, aimed at strengthening its role as the government’s
CI Capital closes EGP 2.21bn securitisation issuance for Halan Consumer Finance
CI Capital, a leading financial services group, announced on Monday the successful completion of an EGP 2.214bn securitised bond issuance on behalf of Capital for Securitisation, with Halan Consumer Finance acting as the originator. The issuance was structured across two
Egypt, Morocco sign wide-ranging cooperation deals on investment, industry and taxation
Egypt and Morocco signed a series of agreements on Monday spanning industrial cooperation, investment, and the avoidance of double taxation to strengthen bilateral relations, the Egyptian cabinet said. Egyptian Prime Minister Mostafa Madbouly and his Moroccan counterpart Aziz Akhannouch witnessed