Sanad Fund grants Banque du Caire $30m subordinated loan
The transaction will be used to strengthen bank’s capital base and enhance its ability to finance its customers, especially MSMEs
Egypt to offer EGP 246.5bn worth T-bills, bonds in December
Finance Ministry to put forward 20 offerings for T-bills worth EGP 198bn, and 12 bond offerings worth EGP 48.5bn
Ora Developers obtains EGP 2.5bn loan to finance ZED West
Global CEO of Ora Developers Group Naguib Sawiris said, “Ora Developers aims to constantly develop sustainable, luxurious and practical neighbourhoods."
Egypt’s population control plan is based on women’s economic empowerment: Planning Minister
Population control is of utmost importance for Egypt, according to Minister of Planning and Economic Development Hala El-Said.
COVID-19 resurgence poses challenges to economic recovery: US Fed
US Fed chief's testimony came as Democratic and Republican lawmakers have been deadlocked for months over size and scope of the next round of fiscal support
39 kidnapped victims rescued in north Nigeria state of Kaduna
The kidnapped victims were rescued hours later by Nigerian troops during a gun duel with the gunmen along the busy Abuja-Kaduna expressway
World’s oldest tropical reef fish found in Western Australia waters
An 81-year-old midnight snapper was confirmed as oldest tropical reef fish after checking all age-related research published in scientific literature
550 people flee from Semeru volcano eruption in Indonesia’s East Java
Center for Volcanology and Geological Hazard Mitigation recommended residents not to carry out any activities within a radius of 1 km from Semeru volcano
Meet the Juries: 22 international filmmakers to judge Cairo Film Festival competitions
May Odeh, Mohammed Alomda, and Mochine Besri to sit on Best Arab Film’s Jury
EBRD to approve €20m for Amethis MENA Fund II in February 2021
The project’s total cost stands at €150m, with the EBRD’s participation in the Fund set to enable it to achieve a first closing.
