Egyptian remittances increase 32.4% to $15.5bn in 7M 2024: CBE
The Central Bank of Egypt (CBE) revealed that Egyptian expatriates’ remittances increased by 32.4% during the first seven months of this year, reaching approximately $15.5bn, compared to around $11.7bn during…
Mansoura University wins UNESCO Confucius Prize for Literacy
Mansoura University won Monday the UNESCO Confucius Prize for Literacy for the year 2024 in the field of literacy and adult education, in partnership with the General Authority for Adult…
CIB arranges EGP 7bn syndicated loan for Ora Developers Egypt
The Commercial International Bank (CIB) – Egypt has arranged a syndicated loan worth EGP 7bn for Ora Developers Egypt, a leading real estate development company. The banking alliance includes four…
Supply Minister, AFD review progress of joint projects
Sherif Farouk, Minister of Supply and Internal Trade, met Monday with Clémence Vidal de La Blache, Director of the French Development Agency (AFD) office in Egypt, and Mohamed Ashmawy, AFD’s…
SODIC signs EGP 4.14bn syndicated facility with Banque Misr, CIB to finance New Zayed project
Real estate developer SODIC announced Monday the signing of a long-term syndicated facility worth EGP 4.14bn with Banque Misr and the Commercial International Bank (CIB) to finance the development of…
Over 2,000 Chinese companies achieve significant growth in Egyptian market: Heiba
Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), confirmed that more than 2,000 Chinese companies operating in Egypt have successfully contributed to both countries' interests.…
EFG Hermes hosts 10th Annual London Investor Conference, focusing on MENA opportunities
EFG Hermes, the leading investment bank in the Middle East and North Africa (MENA), is hosting its 10th Annual London Investor Conference from Sept. 9 to 12 at Emirates Stadium.…
7,500 firms operate in food industry with EGP 500bn investments: El-Khatib
Hassan El-Khatib, Minister of Investment and Foreign Trade, emphasised that the food industry sector was one of the most important production and export sectors in Egypt's national economy. The sector's…
Tamweely sale to international consortium marks strategic exit for public companies
The sale of Egypt’s microfinance provider Tamweely to an international consortium of investors marks a significant step in the Egyptian government's strategy to attract foreign direct investment and encourage private…
Wadi El-Weshwash: Egypt’s Hidden Gem
In the heart of South Sinai's rugged mountains lies a hidden oasis that remains a secret to many travelers: Wadi El-Weshwash. Just a short distance from the coastal town of…
