Valu closes its 10th securitized bond issuance worth EGP 1.2bn
Issuance brings Valu’s total securitizations within its EGP 9bn securitization programme to 10, following latest EGP 616.8m securitization in May
Schindler, AOI, TMG partner to localise elevator production in Egypt
The Arab Organization for Industrialization (AOI), Talaat Moustafa Group (TMG), and Schindler Group have formed a partnership on Monday to localise the supply, assembly, and testing of certain elevator components…
Apex reaches 12,000 boepd production in Egypt, reserves Increase 14%
Apex International Energy announced Monday a positive update on its operations and commercial developments in Egypt's Western Desert for the first half of 2024. The company reported reaching a production…
Schneider Electric, Al Ahly Sabbour partner for sustainable community development in Matrouh
Schneider Electric, Al Ahly Sabbour, and Gebal for Sustainability Solutions have signed a Memorandum of Understanding (MoU) to launch sustainable community development projects in Sidi Heneish village, located in Marsa…
Egyptian Emirates launches EGP 27bn Markabat project for automotive industries
Project’s total investments reach EGP 27bn over 3 years
British companies express interest in investing in Egypt’s real estate sector
Assistant Minister of Housing for Technical Affairs, Abdel Khalek Ibrahim, recently met with Acting British Ambassador in Cairo, Qudsi Rasheed, and representatives from over 30 British companies. The purpose of…
Egypt’s comprehensive water strategy: From High Dam upgrades to Nile Basin partnerships
Egypt's Ministry of Water Resources and Irrigation has undertaken a comprehensive strategy to address the nation's water needs, investing in infrastructure upgrades, modern irrigation techniques, and international collaborations. In…
Banks report strong Q1 2024 profits in Egypt despite economic challenges
Banks' net profits reach EGP 156.223bn in Q1 2024: CBE
MSMEDA finances 2 million micro, small projects with EGP 51.2bn in 10 years
Basel Rahmi, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), announced that the agency has allocated EGP 51.2bn to fund 2 million micro and small projects from…
Egypt aims for international certification as Malaria-free: Health Ministry
Egypt’s Minister of Health and Population, Khaled Abdel Ghaffar, recently met with a delegation from the Global Malaria Programme of the World Health Organization (WHO) to prepare for Egypt’s international…