IFC invests $100m in Banque du Caire IPO to boost business financing in Egypt
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, announced on Monday that it had invested $100m in the initial public offering (IPO) of Egypt’s…
Airbus Helicopters explores expansion opportunities in Egypt
Egypt’s Civil Aviation Ministry has held talks with Airbus Helicopters to explore opportunities to expand the company’s activities in the local market and broaden the use of helicopters across several…
TMR and Kitopi Sign Exclusive Partnership to Bring “CATCH22” and “Awani” to Egypt for the First Time
TMR, a leading company in the trade and retail sector has signed a strategic franchising agreement with Kitopi, one of the largest F&B players in the Middle East, to launch…
Egypt’s cooperation portfolio with IsDB reaches $26bn: Planning minister
Ahmed Rostom, Minister of Planning and Economic Development and Egypt’s Governor at the Islamic Development Bank (IsDB) Group, met with a delegation from the bank headed by Noureddine Mabrouk, Director…
Egypt’s private sector captures 65% of investments as state prioritises incentives, finance minister says
Egypt's private sector has captured 65% of investments following recent economic and financial reforms, as the government makes incentivising investments across all sectors a top priority, Finance Minister Ahmed Kouchouk…
FRA holds workshop for economic journalists on non-banking financial sector developments
The Financial Regulatory Authority (FRA) organised a workshop for economic journalists and media professionals to highlight the latest developments in non-banking financial activities and review recent market trends and statistics…
Egypt plans 1,000MW solar capacity to power 7,000 factories
Egypt plans to establish solar power plants with a combined capacity of 1,000 megawatts to supply around 7,000 factories under the “Shams El-Senaa” initiative, as the government seeks to expand…
Updated real estate tax mobile app to launch soon: Minister
Finance Minister Ahmed Kouchouk said an updated version of the Real Estate Tax mobile application would be launched soon to make tax services more accessible to citizens, stressing that tax…
Egypt signs $1bn World Bank financing agreement under second phase of reform programme
Egypt has signed a $1bn financing agreement with the World Bank under the second phase of its Development Policy Financing (DPF) programme to support economic reforms, strengthen resilience to external…
Al-Sisi reviews plans for 100 Italian-backed technical schools, expansion of university hospitals
Egypt’s President Abdel Fattah Al-Sisi on Sunday reviewed plans to expand the country’s education system, including the establishment of 100 technical schools in cooperation with Italy, equipping 50 schools with…