Suez Canal Bank partners with IFC to boost SME financing, advance financial inclusion in Egypt
The International Finance Corporation (IFC) announced on Tuesday a $50m financing package for Suez Canal Bank (SCB) to expand lending to micro, small, and medium-sized enterprises (MSMEs) across Egypt. The…
Egypt launches EGP 200bn sovereign sukuk programme for local market
Egypt's Finance Ministry has launched a new EGP 200bn ($4.2bn) sovereign sukuk programme for the local market, as part of its strategy to diversify its investor base and reduce the…
Palmier Developments launches VERT project in New Sheikh Zayed City
Palmier Developments has announced the launch of its latest mixed-use project, VERT, located in New Sheikh Zayed City, Giza Governorate. Spanning 30 feddans (approximately 126,000 sqm) with a built-up area…
Egypt’s development path is human-centred, PM tells Doha social development summit
Egyptian Prime Minister Mostafa Madbouly on Wednesday said that Egypt's development path is based on a clear, human-centred philosophy, enshrined in its 2014 constitution and embodied in its Vision 2030…
Iraqi PM discusses Al-Rafal economic city project with TMG’s Hisham Talaat Moustafa
Iraqi Prime Minister Mohammed Shia Al-Sudani has met with Hisham Talaat Moustafa, the head of Egyptian property developer Talaat Moustafa Group Holding (TMG), to discuss the Al-Rafal economic city project.…
NVL Egypt starts production of ten PV43-M naval vessels
NVL Egypt, a subsidiary of German shipbuilding group NVL, has begun the production phase for a programme to build ten PV43-M naval vessels in cooperation with Alexandria Shipyard, the company…
ICC warns of possible war crimes in Sudan’s El-Fasher as violence, displacement escalate
International Criminal Court (ICC) prosecutor Karim Khan warned on Monday that the Court has jurisdiction to investigate crimes committed in Sudan’s Darfur region and is actively gathering evidence of alleged…
Pend launches Pend.Finance to empower institutions, individuals with future-ready tech solutions
Pend announced the launch of Pend.Finance, the Middle East’s first integrated smart infrastructure platform powered by artificial intelligence (AI) and blockchain, marking a major step in its mission to create…
Egypt, Ireland explore partnership opportunities in food security, agritech
Egypt’s Minister of Agriculture and Land Reclamation Alaa Farouk met with Noel Grealish, Ireland’s Minister of State for Agriculture and Food, in Cairo to discuss strengthening bilateral cooperation in agriculture,…
Egypt’s solar panel production to begin by early 2026 with up to 90% local component: GAFI
Egypt will begin solar panel production in early 2026 with a local component rate of up to 90%, according to Hossam Heiba, CEO of the General Authority for Investment and…