SODIC announces completion of first securitisation bonds issuance
The Sixth of October Development and Investment Company (SODIC) has announced the success of its subsidiary, SODIC Securitisation, in completing the first issuance of securitisation bonds worth EGP 343m. In…
Egypt’s Raya Contact Center to open US affiliate
The Board of Directors at Egypt’s Raya Contact Center, a subsidiary of Raya Holding for Financial Investments, has unanimously approved establishing a new company in the US. The move comes…
Egypt, South Sudan hold 1st round of Joint Higher Committee’s preparatory meetings
Egypt keen to consolidate cooperation with African countries, says Rania Al-Mashat
EBRD approves $29.6m senior loan for Egypt’s 6th of October Dry Port
The European Bank for Reconstruction and Development (EBRD) has approved a senior loan of up to $29.6m (€25m) in favour of the October Dry Port Company (ODP), a joint stock…
Egyptian government, Canadian company sign 4 contracts for gold exploration
Barrick Gold will for first time invest in Egypt in field of mining, which will see total investment estimated of $8.8m be made
IMF gives upward growth projection of 4% for Middle East, Central Asia in 2021
Fund maintains forecast for global economy growth at 6% in 2021
Thanaweya Amma Psychology exam circulates on social media minutes after its start
The Thanaweyya Amma (high-school leaving) Psychology exam has been leaked on social media platforms, only a few minutes after the start of exams. About 255,000 high school students took the…
Contact Financial announces closure of 2nd sukuk issuance of EGP 2.5bn
The issue is an Islamic Sharia compliant seven-year Mudaraba Sukuk, and received a high credit rating of A- by the Middle East Ratings and Investors Service (MERIS). The proceeds will…
84,600 Egyptians receive free medical services in July: Health Minister
Medical convoys launched to facilitate providing health services to elderly, people with special needs
Egypt’s House of Representatives approves new Water Resources Law
Law aims to improve management of water resources, achieve equitable distribution to beneficiaries