FRA chief highlights importance of collaboration for decarbonization, sustainability
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), attended the launch of $500m in sustainability bonds issued by the Arab African International Bank (AAIB). These bonds, backed by investments…
Minister of Agriculture addresses World Food Security Summit in Abu Dhabi
Egypt’s Minister of Agriculture and Land Reclamation, Alaa Farouk, stated that Egypt has taken significant steps to achieve food security and reduce the food gap in several strategic crops. Speaking…
‘Mashroak’ initiative finances over 219k small projects with EGP 29.8bn nationwide: Local Development Minister
Egypt’s Minister of Local Development, Manal Awad, announced that the National Project for Community, Human, and Local Development, known as “Mashroak,” has financed over 219,000 projects with loans totaling EGP…
Civil Aviation Minister meets airline representatives to enhance cooperation, address challenges
Egypt’s Minister of Civil Aviation Sameh El-Hefny has met with representatives from airlines operating in Egypt and officials from the Chamber of Tourism Companies. The purpose of the meeting was…
Egypt aims to diversify financing tools, markets to broaden investor base, reduce debt: Finance Minister
Egypt’s Minister of Finance Ahmed Kouchouk emphasized that achieving sustainable development requires substantial budgets, necessitating collective efforts to yield tangible results. He highlighted that high financing costs remain the primary…
Egypt, Spain seek to boost economic ties: El-Khatib
Egypt and Spain are working to strengthen their economic relationship, according to a meeting between Egyptian Minister of Investment and International Trade Hassan El-Khatib and Spanish Ambassador to Cairo Álvaro…
Souhoola completes EGP 478m securitization bond issuance
BM Consumer Finance (Souhoola), a consumer finance company, has completed ab EGP 478m (approximately $15.7m) securitized bond issuance in three tranches, the company announced. CI Capital acted as the issuance…
Poland’s Henfra to invest $10.6bn in green ammonia project in Egypt
Henfra, a prominent Polish company, is set to invest $1.6bn in the establishment of a green ammonia production facility in Egypt, with total investments expected to reach $10.6bn as the…
MSMEDA partners with banks to offer Islamic financing for small enterprises: CEO
Basel Rahmy, CEO of Egypt’s Micro, Small, and Medium Enterprises Development Agency (MSMEDA), announced Monday that the agency partnered with several banks to provide Islamic financing solutions for small enterprises.…
NUCA issues securitization bonds exceeding EGP 40bn: FRA chief
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), has highlighted the importance of securitization mechanisms for real estate companies, citing the New Urban Communities Authority (NUCA) as an example.…
