NUCA allocates 83 plots of land in 20 new cities for urban, mixed projects
The New Urban Communities Authority (NUCA), affiliated to the Ministry of Housing, Utilities, and Urban Communities, has approved the allocation of 83 plots of land in 20 new cities for…
CFEC, Tankoil sign agreement to support chemical, fertilizer exports
The Chemical and Fertilizers Export Council (CFEC) and Tankoil Group have entered into a cooperation agreement to assist CFEC member companies in exporting their chemical products and fertilizers to various…
Schneider Electric increases investments in Egypt with an additional €8m in 2023
Schneider Electric has announced plans to increase its investments in the local market by an additional €8m throughout 2023. In a Sunday statement, Schneider Electric said the move is part…
CBE shares its cybersecurity expertise with Nigeria
The Central Bank of Egypt (CBE) hosted a specialized technical team from the Central Bank of Nigeria (CBN) as part of its commitment to enhancing collaboration with African nations in…
EFG Hermes concludes advisory EGP 6bn syndicated loan for ODE subsidiary to finance development of O West Project
EFG Hermes, the leading investment bank franchise in Frontier and Emerging markets (FEM), announced Sunday that its investment banking division has successfully completed advisory for Orascom Development Egypt’s (ODE) subsidiary…
Contact recognised as one of ME’s sustainability leaders at Forbes Middle East Sustainability Leaders’ Summit 2023
Contact Financial Holding, the leading provider of non-banking financial services in Egypt, actively participated in the Forbes Middle East Sustainability Leaders' Summit 2023. Contact was recognised as one of the…
How will Sidi Kerir’s acquisition of ETHYDCO be affected by Abu Dhabi deal?
Abu Dhabi Development Holding Company’s stake in ETHYDCO will be transferred to merged entity according to swap factor
NIB, NBE to sell their stakes in Alamal Alsharif Plastics
Alamal Alsharif Plastics, the largest producer of plastic pipes in Egypt, is expected to see a change in its ownership structure in the first half of next year, sources close…
Siemens Mobility showcases innovative rail solutions for Egypt at TransMEA 2023
Siemens Mobility, a global leader in rail transportation solutions, and the main contractor for Egypt’s high speed rail network, is presenting its cutting-edge innovations that will revolutionize Egypt’s transportation ecosystem…
CIB reports 3Q 2023 consolidated net income of EGP 8.35bn
CIB’s 3Q 2023 standalone net interest income records EGP 37.6bn, increasing by 73% YoY
