CIB, GlobalCorp seal EGP 2.54bn securitized bond deal
Commercial International Bank (CIB), Al Ahly Pharos, and GlobalCorp have completed a securitized bond issuance worth EGP 2.54bn, marking their third joint venture in the Egyptian market. The deal reflects…
Finance Ministry to borrow EGP 340bn from local market in September
The Finance Ministry announced its plan to issue 24 treasury bills (T-bills) and bonds worth EGP 340bn in September, as part of its borrowing strategy for the first quarter of…
Gabon in turmoil as army claims coup, arrests president, his aides
A group of senior army officers in Gabon announced on Wednesday that they have seized power from President Ali Bongo, who has ruled the country for 14 years. The officers…
Irrigation and Transport Ministers coordinate on joint projects
The Ministers of Water Resources and Irrigation and Transport met on Wednesday to discuss the progress and challenges of their joint projects, which aim to serve the development goals of…
Egypt signs deal for 3-gigawatt wind farm project in West Sohag
Prime Minister Mostafa Madbouly witnessed on Wednesday the signing of a deal to allocate land for a 3-gigawatt wind farm project in West Sohag. The deal was signed by the…
Egypt sets up cabinet unit to coordinate with BRICS
Egypt has become a permanent member of BRICS, a group of major emerging economies that includes Brazil, Russia, India, China, and South Africa. Egypt will officially join the bloc on…
Al-Sisi meets US lawmakers to discuss bilateral ties, regional issues
Egyptian President Abdel Fattah Al-Sisi met on Wednesday with a bipartisan delegation of US Congress members, led by Senators Lindsay Graham and Robert Menendez, the chair of the Senate Foreign…
Haifa Wehbe dazzles fans at Delta Capital’s concert in Marina Delta
Lebanese singer Haifa Wehbe delighted her fans with a spectacular performance at the Luxury Beach Club in Marina Delta last Friday night. The concert was organized by Delta Capital, the…
Major changes in Caribbean citizenship-by-investment programmes
Several Caribbean countries have made significant changes to their citizenship-by-investment (CBI) programmes in recent months. These changes include increased investment requirements, mandatory interviews, and more stringent due diligence procedures. Dominica…
LEGO Group appoints Kristian Imhof as General Manager for the Middle East and Africa
The LEGO Group has appointed Kristian Imhof as the new General Manager for the Middle East and Africa (MEA) region. Imhof has a wealth of experience in corporate leadership and…