NUCA closes EGP 15bn securitization transaction from multi-issuance programme
The New Urban Communities Authority’s (NUCA) has closed the first securitization worth EGP 15bn from a multi-issuance programme worth EGP 30bn. The issuance was backed by a receivables portfolio originated…
Ethiopia’s Prime Minister reiterates his commitment not to harm Egypt’s water share
GERD will benefit all involved parties by storing Nile water adequately in order to face drought seasons
Egypt Kuwait Holding opens new factories in Egypt with $46m of investments
Egypt Kuwait Holding Company (EKH) said it opened and developed factories in Egypt at an investment cost of EGP 1.4bn ($46m), through its wholly owned unit Sprea Misr. The company,…
Al-Sisi participates in African Union’s 5th Mid-Year coordination meeting in Kenya
President Abdel Fattah Al-Sisi will participate on Sunday in the fifth mid-year coordination meeting of the African Union (AU), which will be held in the Kenyan capital, Nairobi, in the…
CBE takes first steps towards launching digital banks in Egypt
CBE announces new digital bank capital requirements, regulations
Agricultural Bank of Egypt offers EGP 69.4bn worth loans to 538,272 customers in 1H 2023
80% of Bank’s loan portfolio goes to agricultural sector
Egypt continues its ban on medical oxygen export
Egypt’s Minister of Trade and Industry Ahmed Samir has decided to continue banning the export of medical oxygen except with the approval of the Minister of Health and Population and…
Egypt’s medical supplies, medicines surge 14% in 1H 2023: ECMI
Egypt’s medical exports increased by 14% to approximately $530m in the first half (1H) of 2023, compared to $467m in the same period last year, Chairperson of Egypt’s Export Council…
Google launches its generative AI experiment ‘Bard’ in Arabic
Google announced Saturday the launch of Bard in Arabic, in its largest expansion since it was launched in English in March earlier this year. Bard is designed to enable people…
FRA outlines digital transformation of Egypt’s non-banking sector
Azimut Egypt will launch first electronic platform for investment funds, says Abou El Saad