Shoukry welcomes Palestinian Fatah delegation
Egypt's Foreign Minister Sameh Shoukry hosted a delegation from the Palestinian Fatah movement on Tuesday. The delegation was led by Mahmoud Al-Aloul, the movement's deputy head, and included prominent figures…
Egypt begins clearing 20% of debt to foreign oil firms
The Egyptian government has embarked on a plan to settle its outstanding debts with foreign oil companies operating in the country. The initiative, announced during a meeting chaired by Prime…
Egypt’s FY 2024/25 draft budget targets 4% growth
Egypt's draft budget for the fiscal year (FY) 2024/25 outlines ambitious economic targets, with a projected GDP growth of 4% and a commitment to reducing the budget deficit. Finance Minister…
GTEX commences trading on Egyptian Exchange
GTEX for Commercial and Industrial Investments has announced the commencement of trading on the Egyptian Exchange. Effective Sunday, GTEX shares are available under the Reuters code GTEX. This follows the…
Egypt’s property market outlook: Steady prices despite economic shifts
Tarek Shoukry, head of the Real Estate Development Chamber at the Federation of Egyptian Industries and deputy of the housing committee in the House of Representatives, anticipates a marked escalation…
ACUD sponsors Egypt Capital Football Cup
Tournament garners international attention, showcasing New Administrative Capital as unique sporting opportunity in Egypt
Lasirena Group aims to deliver 1,700 units in 2024
Lasirena Group delivered around 1,200 units across its diverse projects in the North Coast, Ain Sokhna, Sharm El Sheikh, Ras Sidr, and Cairo last year. Mahmoud Omar, from the Board…
EFG Hermes advises on Al Arafa for Investment’s demerger into two entities
EFG Hermes, a leading investment bank in the Middle East and North Africa and part of EFG Holding Company, has concluded its advisory role in the demerger of Al Arafa…
Modernization, sustainability, AI: Key trends shaping corporate banking’s future
A recent corporate banking event series hosted by Finastra, a leading provider of financial software applications and marketplaces, brought together industry leaders from banks, financial institutions, and technology companies in…
GAFI reviews applications for coveted golden licence
Current free zone exports stand at $10bn: Haiba