Contact to complete sukuk issuance worth EGP 2bn this month
Contact Financial Holding is planning to complete its fourth sukuk issuance, worth EGP 2bn, within this month as part of a Sharia-compliant multi-issuance programme. The company’s CEO, Said Zater, told…
Egypt, GCC states hold talks on bilateral cooperation, regional issues, with Gaza as top priority
Egypt’s Foreign Minister Sameh Shoukry emphasised the importance of the “political consultation mechanism” as a framework that brings Egypt and the Gulf Cooperation Council (GCC) countries closer and creates opportunities…
CIB to issue EGP 6bn worth of Islamic bonds for Tasaheel in Q2 of 2024
Commercial International Bank (CIB) is finalizing a sukuk deal worth EGP 6bn for Tasaheel, a subsidiary of MNT Halan, which is expected to be completed by the beginning of the…
Palestinian officials warn of worsening famine in Gaza amid Israeli attacks
The Ministry of Health in Gaza reported that Israeli forces killed 90 civilians and wounded 177 more in nine massacres across the Strip in the last 24 hours. It said…
Al-Sisi, FAO director discuss humanitarian situation in Gaza Strip
Egypt’s President Abdel Fattah Al-Sisi met with Qu Dongyu, the Director-General of the UN Food and Agriculture Organization (FAO), on Sunday to discuss various issues, including the humanitarian situation in…
Women’s legal rights are far behind men’s: World Bank
A new World Bank Group report reveals that the global gender gap for women in the workplace is much wider than previously thought. Women have less than two-thirds the legal…
Egyptian officials meet with EBRD Board of Directors to discuss cooperation, investments
Egypt’s Minister of International Cooperation and Governor of Egypt at the European Bank for Reconstruction and Development (EBRD) Rania Al-Mashat met with representatives of the Bank’s Board of Directors to…
Beltone signs Egypt’s first syndicated factoring deal worth EGP 925m for Redcon Properties
Beltone Leasing and Factoring, a wholly owned subsidiary of Beltone Holding, has signed the first syndicated factoring deal in Egypt worth EGP 925m for Redcon Properties, the real estate development…
Misr University for Science and Technology (MUST) to Host Third International Biotechnology Conference on March 5th
Bringing together a prestigious lineup of scientists from the United States, Germany, Spain, Britain, Korea, Saudi Arabia, Jordan, and renowned Egyptian experts, this year's conference marks a significant convergence of…
HDB’s record profits for 2023: A success story
Bank’s net profits soar to EGP 6.031bn, with growth rate of 167.2%
