Egypt to host 3rd Africa Health ExCon from 3-6 June
The Egyptian Authority for Unified Procurement (UPA), Medical Supply and Technology Management announced the third edition of Africa Health ExCon, the continent's largest annual healthcare event. Held under the patronage of President Abdel Fattah Al Sisi, the event…
Egyptian military prepared for all threats, upholds national security: Defence Minister
Egyptian Defence Minister Mohamed Zaki affirmed on Thursday the Egyptian military's ability to confront any challenges and reiterated the nation's unwavering commitment to national security interests. Speaking during a tactical training…
EFG Holding revenue surges 92% to EGP 8.6bn in Q1 2024, unveils share buyback program
EFG Holding, a prominent financial institution with a strong presence in Egypt and the MENA region, reported a 92% year-on-year revenue increase in Q1 2024, reaching EGP 8.6bn. This surge…
Philip Morris International acquires 14.7% stake in Egypt’s largest cigarette maker Eastern Company
Philip Morris International (PMI) has acquired a 14.7% minority stake in Eastern Company (EAST.CA), Egypt's largest cigarette manufacturer. The companies announced on Thursday that they will explore potential collaborations in…
Madbouly highlights role of Arab financial institutions in supporting Egypt’s development projects
Prime Minister Mostafa Madbouly recently participated in the opening session of the joint annual meetings of Arab financial authorities and institutions for the year 2024, representing President Abdel Fattah Al-Sisi.…
Prime Minister discusses cooperation with World Bank’s Vice President
Prime Minister Mostafa Madbouly held a meeting with Osman Dion, Vice President of the World Bank Group for the Middle East and North Africa. The meeting took place during the…
Al-Mashat applauds Arab Coordination Group’s initiative to address climate crises
Global development finance landscape faces significant challenges, with funding gap now reaching staggering $4.2trn
Water-energy-food nexus key to sustainable development: Sweilam at 10th WWF in Bali
Egypt's Minister of Water Resources and Irrigation, Hani Sweilam, stressed the importance of integrating water, food, and energy strategies to achieve the United Nations' Sustainable Development Goals (SDGs), particularly SDG…
Telecom Egypt secures $200m loan from Banque Misr, UAE for refinancing
Telecom Egypt, Egypt's leading telecom operator, today announced a $200m medium-term loan agreement with Banque Misr, UAE. The loan will be used to refinance existing short-term facilities, supporting Telecom…
CBE’s interest rate decision: Anticipation of no change
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) is poised to convene its third meeting of the year tomorrow to review the central bank’s pivotal interest rates,…
