Egypt, IMF agree on $8bn expanded loan package
The International Monetary Fund (IMF) announced Wednesday an expansion of its loan program with Egypt, increasing the total amount from $3bnto $8bn. This move comes alongside the Central Bank of…
Beacon FinTrain collaborates with GB Corp to bolster financial education, training for professionals
In a landmark move to elevate financial and professional education in the Middle East and Africa, Beacon FinTrain has forged a strategic alliance with GB Corp, aiming to augment professional…
CBE advances economic empowerment of women
‘Women Financial Inclusion’ event set to commence on 8 March for three weeks, coinciding with International Women’s Day
Egypt’s International Cooperation Minister, Algeria’s CGEA President discuss collaboration
Egypt's Minister of International Cooperation Rania Al-Mashat, met with Saida Neghza, President of the General Confederation of Algerian Enterprises (CGEA), to explore opportunities for joint cooperation.* This meeting aligns with…
Egypt’s Trade Minister, WTO Director-General discuss commerce challenges, potential solutions
Egyptian Trade and Industry Minister Ahmed Samir concluded his visit in Riyadh by meeting with World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala. They discussed pressing global trade challenges and potential…
Roya Developments targets EGP 60bn in sales with The Big Business District launch
Roya Developments has unveiled The Big Business District, its newest venture in New Cairo’s 5th Settlement. This mixed-use development is kicking off with Cluster 1, featuring a mix of commercial,…
Contact Financial Holding triumphs amidst economic challenges with notable year-end growth
Contact Financial Holding, Egypt’s premier non-bank financial services provider, announced Tuesday its consolidated financial results for the quarter and year ending 31 December 2023. The Group showcased robust year-on-year growth,…
Egypt hikes interest rates 6%, targets exchange rate unification
The Central Bank of Egypt (CBE) raised key interest rates by 6% on Wednesday, aiming to combat persistent inflation and unify the country's exchange rate. The move comes as Egypt…
Insights from 18th EFG Hermes One-on-One Conference inauguration
EFG Hermes, a subsidiary of EFG Holding and the premier investment bank in the MENA region, in partnership with the Dubai Financial Market (DFM), proudly launched the 18th Annual EFG…
Israeli siege forces displacement of Hamad City residents in Khan Yunis
The Ministry of Health in Gaza reported that the Israeli occupation committed 10 massacres against civilians in the Gaza Strip, resulting in 97 deaths and 123 injuries during the past…