Industrial Development Bank approves EGP 5bn capital increase, boosting Banque Misr’s stake
The General Assembly of the Industrial Development Bank (IDB) has approved an increase in the bank’s issued and paid-up capital from EGP 500m to EGP 5bn, in compliance with the…
Egypt’s Health Minister meets with Pfizer representatives to enhance cooperation
Egypt’s Minister of Health and Population, Khaled Abdel Ghaffar, met with Ahmed Al-Shazly, the Regional Director of Pfizer for Egypt, Sudan, the Levant, and Iraq. The discussion focused on strengthening…
Egypt’s external debt declines to $160.607bn in March 2024: CBE
The Central Bank of Egypt (CBE) on Tuesday reported a decrease in Egypt's external debt, which now stands at $160.607bn as of March 2024. This represents a reduction from the…
Israel kills 8,672 Palestinian students in 10 months: Official
The Palestinian Ministry of Education and Higher Education said on Tuesday that Israel has killed 8,672 school and university students in the Gaza Strip and the occupied West Bank since…
Banks navigate strict real estate financing rules in Egypt amid high interest rates
The eighth edition of the Think Commercial roundtable delved into the diversity of financing instruments in Egypt. The discussion covered the impact of Real Estate Investment Trusts (REITs) on the…
Think Commercial highlights impact of Ras El Hikma project on Egyptian real estate sector growth
The eighth edition of the Think Commercial roundtable series, organised by Media Avenue, commenced on Tuesday under the title “Real Estate Development in the Era of Mega-Deals.” The event aimed…
Egypt’s cabinet reshuffle: Fresh faces in key ministries
Abdelatty as FM, Kouchouk for Finance, Al-Wazir in Transport and Industry, El-Khatib for Investments
Egypt unveils $21bn “South Med” project in North Coast in partnership with TMG
Sales record EGP 60bn within first 12 hours, says Hisham Talaat Moustafa
Aswan Forum kicks off with focus on reimagining global governance in Africa
Foreign Minister Sameh Shoukry inaugurated the fourth edition of the Aswan Forum for Sustainable Peace and Development on Tuesday in Cairo. The two-day forum, themed "Africa in a Changing…
Spinneys Expands Presence in Egypt with New Store in East Cairo
Spinneys continues to expand its footprint in the Egyptian market with the launch of a new store in the Fifth Settlement in New Cairo on Sunday, June 30. A leading…