TSFE plans to list Misr Technology Services in 1H 2024
The Sovereign Fund of Egypt (TSFE) has started preparing Misr Technology Services (MTS) for a public offering by the first half of next year, according to informed sources. The sources…
Egypt, Canada to lead climate finance talks for COP28
Egypt’s Minister of Environment, Yasmine Fouad, and Canada’s Minister of Environment and Climate Change, Steven Guilbeault, have been appointed as co-chairs of the committee to facilitate negotiations on climate finance…
EGX starts voluntary delisting of Al-Ezz Dekheila Steel
The Egyptian Exchange (EGX) has approved the voluntary delisting of Al-Ezz Dekheila Steel Company (EZDK), which will start on Tuesday, 12 September, and last for five working days until 25…
Shoukry, Cleverly discuss boosting Egypt-UK ties, regional issues
Shoukry calls for global commitment to achieve SDGs at UN summit
Khartoum: the creation and the destruction of a modern African city
Khartoum is – was – a city that did not know war or fighting in its recent history. Now it is in the grip of a civil war between rival…
Libya dam collapse: engineering expert raises questions about management
More than 11,000 people have been killed and tens of thousands are missing following the catastrophic collapse of two dams in the eastern Libyan city of Derna. The dam collapse…
IFE develops strategy to offer insurance services to low-income groups, says chairperson
The Insurance Federation of Egypt (IFE) has developed a strategy to help low-income groups access insurance services by introducing new products that meet their needs, according to its chairperson Alaa…
FRA Chief says insurance instalments reach EGP 66bn in one year
Chairperson of the Financial Regulatory Authority (FRA), Mohamed Farid, said that the insurance instalments in the Egyptian market amounted to EGP 66bn from August 2022 to July 2023. He also…
Edita acquires Fancy Foods with EGP 390m loans
Edita Food Industries, a leading Egyptian snack food company, has secured two medium-term loans worth EGP 390m to finance its acquisition of Fancy Foods, a frozen food producer. The loans…
Guterres urges G77 and China to champion multilateralism ‘rooted in equality’
UN Secretary-General António Guterres appealed to leaders from the Group of 77 Developing Countries (G77) and China to “fight for a world that works for all”, in his address to…