MSCI Egypt: Removal of special treatment, May 2024 QCIR preview update
MSCI has announced that, starting from the May 2024 Index Review, the special treatment previously applied to the MSCI Egypt Indexes, as announced on 8 May 2023, will be discontinued.…
CAPMAS reports growth in postal savings fund deposits
The Central Agency for Public Mobilization and Statistics (CAPMAS) has announced an increase in deposits within the Postal Savings Fund, reaching EGP 130.7bn in the fiscal year 2022/2023. This marks…
Contact Financial completes first securitization issuance of 2024 valued at EGP 1.04bn
Contact Financial Holding, a premier provider of non-banking financial services in Egypt, has successfully concluded its first securitization bond issuance for the year 2024. The issuance, managed by Sarwa Securitization,…
Chimps learn and improve tool-using skills even as adults
Humans can continue learning throughout their entire lifespan. It has been hypothesized that this ability is responsible for the extraordinary flexibility with which humans use tools, a key factor in…
Comera Financial Holding, Beltone Holding forge strategic partnership for Egypt’s digital leap
Abu Dhabi’s Comera Financial Holding, a conglomerate with a diverse portfolio in technology, fintech, and services, has joined forces with Beltone Holding, a rapidly expanding financial entity, to champion digital…
13 Million Egyptians receive screenings for chronic, kidney diseases
Egypt's Ministry of Health and Population has announced that over 13 million citizens have been examined for chronic diseases and kidney disease. The screenings are part of a presidential initiative…
Al-Mashat invites Dutch firms to Egypt-EU investment conference in June
Egypt's Minister of International Cooperation Rania Al-Mashat has invited Dutch businesses to attend a government-sponsored investment conference in June, held in partnership with the European Union (EU). The invitation came…
Trade Minister, Building Materials Chamber forge development path for Shaq El-Thu’ban region
In a strategic move to develop the Shaq Al-Thu’ban area, Minister of Trade and Industry Ahmed Samir convened with Sayed Abaza, Vice President of the Chamber of Building Materials Industries,…
Egypt shrinks budget deficit to 6%, improves debt-to-GDP to 95.8% in FY 2023
Egypt's budget deficit narrowed to 6% of gross domestic product in the fiscal year (FY) that ended in June 2023, Finance Minister Mohamed Maait said. The debt-to-GDP ratio also improved,…
Egypt’s President emphasises food security in meeting on agricultural development
Egypt's President Abdel Fattah Al-Sisi on Wednesday met with Prime Minister Mostafa Madbouly and other high-ranking officials to review ongoing efforts focused on Egypt's key agricultural projects. The discussions centred…