New Sina to invest EGP 1bn in food, beverage market in 1Q 2024
New Sina for Food Investment and Beverage announced that it plans to invest EGP 1bn in the food and beverage market in the first quarter (1Q) of 2024. The company…
UNCTAD to hold World Investment Forum to rally funds for climate action
The UN Conference on Trade and Development (UNCTAD) will hold the World Investment Forum 2023 in Abu Dhabi, United Arab Emirates, from Oct. 16-20. The forum will bring together heads…
EGP 62.29bn invested in low-income housing initiative until August 2023
Banking sector accounts for 96.2% of total financing
Nearly 15 million electric cars expected to be shipped worldwide in 2023
Nearly 15 million electric cars (battery electric and plug-in hybrid) are expected to be shipped worldwide in 2023, according to the latest forecast by Gartner, Inc. Shipments of electric cars…
IDA allocates over 3,000 industrial units in 17 complexes across Egypt in 2023
The Industrial Development Authority (IDA) announced that it has allocated 3,049 new industrial units in 17 complexes in 15 governorates nationwide in 2023, as part of the presidential initiative to…
Tourism Minister meets Russian tour operators to boost tourist traffic to Egypt
Minister of Tourism and Antiquities Ahmed Issa has held several meetings with the officials and representatives of the major tour operators in the Russian market, such as Biblio Globus, Fun…
FRA develops legislative frameworks to promote sustainability in non-banking activities
The Financial Regulatory Authority (FRA) has completed the development of the legislative and regulatory framework required to enhance the levels of sustainability in non-banking financial activities, by providing innovative financing…
MSMEDA, Reefy sign EGP 150m contract to finance women’s micro-projects
6,000 women nationwide will benefit from contract
PM launches online platform for climate, environmental investments in Egypt
Prime Minister Mostafa Madbouly launched the Egypt Climate and Environmental Investment, an interactive bilingual platform that provides an overview of Egypt’s investment ecosystem, green economy opportunities, and climate resilience. The…
Egypt declares 3-day mourning after natural disasters hit Libya, Morocco
Egyptian President Abdel-Fattah Al-Sisi on Tuesday declared a three-day mourning to show solidarity with Morocco and Libya after the two countries were hit by natural disasters, the Egyptian presidency said…
