Capital market achieves 64.1% growth in 2023: FRA
The capital market experienced significant growth in 2023, with a 64.1% increase in securities issuances in the primary market, reaching EGP 601bn. Securitization bonds also saw a substantial rise in…
Al Tadamun Microfinance boosts women’s funding to EGP 2.34bn in 2023
Cumulative financing portfolio surpasses EGP 10.5bn, e-payment rate tops 99%
Madinet Masr introduces Theqa: Novel property warranty solution
Madinet Masr, a prominent urban community developer in Egypt, has launched Theqa, a groundbreaking property warranty solution from its innovation arm, Madinet Masr Innovation Labs. Theqa is designed to replace…
EGP 99.6bn allocated for petroleum sector development in 2023/24: Planning Minister
Private sector contributes approximately 84% of total investments, with public sector providing remaining 16%
Egypt extends sugar export ban for three months
The Egyptian Ministry of Trade and Industry, led by Minister Ahmed Samir, has extended the ban on sugar exports for an additional three months. This extension is in accordance with…
Egypt’s FM receives US Special Envoy to Sudan
Egyptian Foreign Minister Sameh Shoukry met with US Special Envoy to Sudan Tom Perriello on Monday in Cairo. Perriello is on his first regional tour aimed at finding solutions to…
Egypt starts construction of groundwater drinking water stations in South Sudan
The Egyptian Ministry of Water Resources and Irrigation has begun construction on five of eight planned groundwater drinking water stations in South Sudan. This initiative is a collaborative effort between…
Health Ministry, National Training Academy sign cooperation protocol
In a significant move to enhance healthcare services, Egypt’s Minister of Health and Population, Khaled Abdel Ghaffar, and Rasha Ragheb, Executive Director of the National Academy for Training and Rehabilitation…
EGP 283.3bn net profits for banks in Egyptian market in 2023: CBE
Total financial position of banks records EGP 15.165trn
