Green Hydrogen Projects, Derivatives Incentives Law passed by Parliament
The government’s proposed law to provide incentives for green hydrogen projects and derivatives was approved by the House of Representatives on Tuesday, under the leadership of Speaker Hanafi Jabali. The…
Hermes sisters lead EGX trading in 2023
The Egyptian Exchange (EGX) had a record-breaking year in trading volumes, pushing the index to reach historical levels and sparking competition among brokerage firms for large market shares in the…
Aman Leasing secures EGP 1.148bn in its largest securitization issuance
Aman Leasing, a subsidiary of Aman Holding, has completed its third issuance of commercial paper worth EGP 1.148bn. The paper is backed by portfolios of consumer finance originated by Aman…
Prime Minister, Supply Minister discuss market regulation decisions, silos project
Prime Minister Mostafa Madbouly met with Ali El-Moselhi, the Minister of Supply and Internal Trade, on Tuesday to review the mechanisms for implementing market regulation decisions, as well as the…
Could EGX be most attractive investment arena in 2024?
As 2024 starts, the theme of “inflation hedging” raised by institutional and individual investors is likely to continue into the new year. This is due to the ongoing tight monetary…
US ambassador meets with Egyptian Minister of Communications to boost IT cooperation
The US Ambassador to Cairo, Herro Mustafa, and her delegation met with Amr Talaat, the Egyptian Minister of Communications and Information Technology, to discuss ways to enhance cooperation between the…
MID Takseet expands its instalment services with EGP 500m
MID Takseet has allocated about EGP 500m to broaden the range of the instalment services it offers. The company specializes in providing financing services and solutions for the retail and…
One Finance raises EGP 616m in first securitisation bond offering
One Finance, a non-banking financial institution (NBFI) in Egypt, has achieved a significant milestone in its financial history by completing its first securitisation bond offering, raising EGP 616m. This is…
“Mashrou’ak” aims to implement small, micro-projects worth EGP 4bn in 2024: Minister of Local Development
EGP 2.7bn pumped to finance 10,269 projects in 2023
Local T-bills, bonds outstanding balance reaches EGP 4.97trn in November 2023: Finance Ministry
The Ministry of Finance said that the outstanding balance of local treasury bills (T-bill) and bonds was EGP 4.97trn in November 2023. According to the latest report on its website,…
