AU condemns coup in Burkina Faso
According to an official statement, Chairperson of the AU Commission Moussa Faki condemned the “unconstitutional change of government” in Burkina Faso.
EFG Hermes concludes advisory as joint bookrunner on Dubai-based Salik IPO
The IPO saw Salik offer 1.9 billion ordinary shares, representing 24.9% of its share capital, at a price of AED 2 per share, implying total gross proceeds of over AED 3.7bn…
HATS mission’s 4th edition kicks off with participation of 80 international buyers from 22 countries
Chairperson of the EEC Sherif Al-Sayyad stated that the fourth edition of the HATS mission comes under difficult conditions for the movement of trade as a result of global events,…
Egypt’s FM heads to Kinshasa to participate in preparatory conference for COP27
According to a statement by the ministry, the meeting comes within the framework of Egypt’s efforts to prepare for the substantive aspects of the COP27, as the meeting is the…
Banks operating in Egypt tend to replace LIBOR with SOFR as reference rate for dollar certificates, deposits
Banks in Egypt will modify rates on dollar certificates in line with global dollar rates to attract savings in foreign currency
Tourism Minister, Red Sea Governor inaugurate largest tourist walkway in Hurghada
Several tourist resorts and hotel facilities are located along the new walkway. The first phase of the walkway was established more than 20 years ago, with a length of about…
Environment Minister announces holding Arts & Fashion Forum in Green Zone during COP27
Fouad stressed importance of arts in enlightening society about environmental issues
Egypt’s President Al-Sisi’s calls Pakistan’s Prime Minister, announces relief assistance
Pakistan's PM Shehbaz Sharif while thanking Egypt's President for his call at this difficult hour appreciated the strong expression of support and solidarity
Egypt, South Korea explore regional development cooperation opportunities
During his visit, Hong met with Osama El-Qadi, Governor of Minya; Essam Saad, Governor of Assiut; and Tarek Alfeky, Governor of Sohag, respectively, to discuss ways of cooperation in these…
10.7 million Egyptian women receive social insurance, pensions: Social Solidarity Minister
Pensions have increased 50% over past three years, says El-Kabbaj