CIB successfully closes EGP 7bn Sukuk issuance for “Tasaheel”
The Commercial International Bank (CIB) has successfully completed an EGP 7bn non-sovereign Sukuk issuance for "Tasaheel" for Finance, through Alkan Securities. It is the first non-sovereign issuance of its kind.…
Madbouly reviews efforts to reform, strengthen Egypt’s subsidy system
Egyptian Prime Minister Mostafa Madbouly met with Minister of Supply and Internal Trade Sherif Farouk to assess ongoing efforts to enhance and regulate the country’s subsidy system. The meeting, attended…
Industrial sector receives unprecedented support from political leadership: Al-Wazir
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, reaffirmed the government’s commitment to strengthening Egypt’s industrial sector during his visit to Sadat Industrial City…
Egypt targets $500m in sales from ‘Your Home in Egypt’ initiative
Egypt’s Minister of Housing, Utilities, and Urban Communities, Sherif El-Sherbiny, has announced that the first phase of the “Your Home in Egypt” initiative is projected to generate approximately $500m in…
Hilton expands in Egypt with 25 new hotels, 5,000 job opportunities: Hutchinson
For over 60 years, Egypt has been a key market for Hilton, and its commitment to expansion in the country continues. With 14 hotels currently in operation, Hilton plans to…
Opinion | Egypt’s Untapped Potential: How Religious Tourism Can Revitalize the Industry
Egypt’s tourism sector faces numerous challenges, exacerbated by the COVID-19 pandemic and shifting global trends. However, religious tourism presents a promising opportunity for revitalization. With its rich religious heritage and…
Boehringer Ingelheim Unveils New Trivalent Poultry Vaccine in Egypt
In a significant boost to the nation’s poultry industry, Boehringer Ingelheim has announced the launch of its innovative trivalent vaccine, VAXXITEK® HVT+IBD+H5, scheduled for February 2025. The new vaccine promises…
Talaat Moustafa Group’s 2024 profits soar 224% to EGP 10.7bn
Talaat Moustafa Group (TMG) reported a 224% surge in profits for 2024, reaching EGP 10.7bn, compared to EGP 3.3bn in 2023. This significant increase was driven by a 50% rise…
Egypt’s banking sector expands sustainable finance initiatives
Egypt’s banking sector, under the leadership of the Central Bank of Egypt (CBE), is intensifying its commitment to sustainable finance, playing a pivotal role in achieving the country’s Sustainable Development…
Egypt launches automated system for social housing reconciliation procedures
Mai Abdel Hamid, CEO of the Social Housing and Mortgage Finance Fund (SHMFF), has announced the launch of an automated system for handling reconciliation requests related to violations of the…
