Latest in Day: November 27, 2022 Highlight

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Latest in Day: November 27, 2022


Novartis Egypt supports COP27, showcases commitment to water, energy saving

Novartis Egypt supports COP27, showcases commitment to water, energy saving

With the participation of the Ministry of Environment represented by Ahmed Hafez, Head of the Central Administration for Inspection and Environmental Compliance, and Ahlam Farouk Ammar, Head of the Central Administration for the Protection and Improvement of Industrial Environment and Energy, Novartis’s Water Panel discussion shed light on its efforts championing climate action and showcasing on-ground progress.

Daily News Egypt

Euromoney Egypt Conference 2022 to discuss opportunities Sovereign Fund of Egypt is exploring

Euromoney Egypt Conference 2022 to discuss opportunities Sovereign Fund of Egypt is exploring

We’ll be reviewing this year and the years ahead to get a clear picture of the Egyptian investment narrative.  Is the country still fragile, or has the liberalisation of the EGP a lasting turning point? The markets seem to think so — foreign capital is returning, and the EGX-30 is up 1.33% in USD terms year to date and is up nearly 45% in EGP terms since it’s low point in early July.

Daily News Egypt

EBRD supports Egypt’s green economy with $100m loan to Banque Misr for on-lending to local SMEs

EBRD provides $50m to NBK Egypt to support local MSMEs

The package comprises a loan of $40m that NBK Egypt will on-lend to local private MSMEs and a $10m loan under the EBRD Youth in Business programme, co-financed with EU funds under the Egypt Micro and Small Financial Inclusion programme, to be on-lent by NBK Egypt to local private MSMEs that are led or majority owned by entrepreneurs under the age of 35.

Daily News Egypt

Wamid acquires 51% of DirectFN for $35.7m

Wamid acquires 51% of DirectFN for $35.7m

The deal will enable Wamid to enhance its growth strategy and contribute to enhancing its capabilities and ability to access regional and global markets by benefiting from the strong presence of the DirectFN in seven markets in the Middle East and parts of Asia. It would also support its efforts to advance innovation and efforts to develop financial markets in the region.

Fatma Salah

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