Al-Sisi discusses regional updates with US National Security Advisor in Cairo
Egyptian President Abdel Fattah Al-Sisi met with US National Security Advisor Jake Sullivan and Brett McGurk, Middle East and North Africa Coordinator at the US National Security Council, on Saturday in Cairo. The meeting was attended by Egypt’s Minister of
Egypt’s external debt surges 307% as GNI climbs 69%: World Bank
Egypt’s external debt skyrocketed by 307%, while its Gross National Income (GNI) rose by 69%, according to the World Bank’s International Debt Report 2023. Among Low- and Middle-Income Countries (LMICs), Egypt recorded a $17.4bn short-term debt inflow in 2022, representing
BP CEO meets with Egyptian President, Prime Minister, pledges continued investment
Egyptian President Abdel Fattah Al-Sisi and Prime Minister Mostafa Madbouly met separately Monday with Murray Auchincloss, chief executive officer of British Petroleum (BP), to discuss ongoing and future energy investments in Egypt. The meetings, attended by Minister of Petroleum and
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 PM, IFC discuss airport sector privatization progress
Egyptian Prime Minister Mostafa Madbouly convened on Sunday with Sérgio Pimenta, International Finance Corporation (IFC) Regional Vice President for Africa, and Cheick-Oumar Sylla, IFC Regional Director for North Africa, to assess the progress of the airport sector privatization programme and
Egypt, OECD discuss progress on country programme, potential membership
Egypt’s Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, met with Ulrik Vestergaard Knudsen, Deputy Secretary-General of the Organisation for Economic Co-operation and Development (OECD), during his first visit to Egypt. The meeting focused on the close partnership
Orascom Development Keys of Life: New notions of home transforming future communities
Orascom Development, a leading international developer of vibrant, integrated communities across Europe, the Middle East, and North Africa, has launched the next chapter of its Orascom Development Keys of Life 2024 initiative with a new report titled Developing the Future.
Egypt, UK strengthen ties, discuss investment, climate action
Egypt’s Minister of Planning and Economic Development, Rania Al-Mashat, welcomed Hamish Falconer, Parliamentary Under-Secretary of State (Middle East, North Africa, Afghanistan and Pakistan) at the Foreign, Commonwealth and Development Office of the United Kingdom, on his first visit to Egypt.
EFG Hermes concludes advisory on EGP 450m issuance for EFG Corp-Solutions
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced Monday that its investment banking division successfully concluded advisory on the second issuance valued at EGP 450m, with a tenor
EFG Hermes successfully completes sale of Helmerich & Payne’s $197m stake in ADNOC Drilling
EFG Hermes, an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA) announced Monday that its investment banking division has successfully completed an accelerated book build (ABB) on behalf of Helmerich & Payne,