Kredit secures EGP 875m in facilities from 9 banks, financial institutions
Kredit, a subsidiary of GB Capital for project financing, announced it has secured EGP 875m in bank facilities from nine local and international banks and financial institutions, including the National Bank of Egypt, Banque du Caire, Al Baraka Bank, Egyptian
MSMEDA allocates EGP 25m for handicrafts through Aman
The Micro, Small, and Medium Enterprises Development Agency (MSMEDA) has signed a new EGP 25m contract with Aman Holding to strengthen support for handicraft and heritage projects through the “Hirfa” microfinance initiative. According to a statement from MSMEDA on Sunday,
CIB becomes first bank to undergo electronic inspection under Egypt’s new tax system
Sherif Al-Kilani, Deputy Minister of Finance for Tax Policies, highlighted the Minister of Finance’s commitment to maintaining open communication with the Ministry’s success partners and the Egyptian Tax Authority. He expressed gratitude for CIB’s achievement as the first entity in
Egypt FM condemns Israeli actions, emphasizes two-state solution in call with Blinken
Egypt has condemned Israeli actions hindering humanitarian aid delivery to Gaza and preventing the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) from fulfilling its role. Egyptian Foreign Minister Badr Abdelatty reiterated his country’s
Egypt’s manufacturers call for investment incentives, local production support
Ahmed Zaki, Secretary-General of the Exporters’ Division at the General Federation of Chambers of Commerce, commended the Egyptian government’s initiative to boost local content in manufacturing and exports. He underscored the need to consider the enhancement of national industry as
IMF’s Georgieva praises Egypt’s reforms, flexible exchange rate
Egypt has successfully implemented a flexible exchange rate system, the International Monetary Fund’s (IMF) managing director Kristalina Georgieva said Sunday, praising the efforts of the Central Bank of Egypt (CBE). Georgieva said Egypt has made “successful progress” on the flexible
Egypt, Google discuss expanding collaboration in tourism promotion
Egypt’s Minister of Tourism and Antiquities, Sherif Fathy, met with Google Egypt’s Country Director, Hisham El Nazer, along with other Google officials. During the meeting, they discussed ways to deepen collaboration between the ministry and Google, particularly in promoting Egypt
A Call for Optimism: Al-Qawidy’s art exhibition opens in Zamalek
The Art Corner gallery in Zamalek hosted last Thursday an exhibition titled “A Call for Optimism” by artist and diplomat Yousri Al-Qawidy. The event, inaugurated by renowned artist Mohamed Abla, attracted a large audience of art enthusiasts and fellow artists.
Egypt facilitates Fatah-Hamas talks in Cairo to manage Gaza
Egypt facilitates discussions between the Palestinian factions of Fatah and Hamas in Cairo, focusing on the establishment of a Community Support Committee to oversee the Gaza Strip. A senior Egyptian source informed Daily News Egypt that this committee will be
Madbouly inspects Egypt’s Urban Development Fund projects
Egypt’s Prime Minister Mostafa Madbouly inspected several projects undertaken by the Urban Development Fund on Saturday, emphasising the government’s focus on developing informal settlements into service areas. Madbouly began his tour by visiting the construction site of the “Craft Workshops”