Egypt eyes issuing debt instruments in Gulf currencies in Q1 2024
Egypt's Ministry of Finance is setting its sights on Gulf markets, with plans to issue bonds and sukuk denominated in regional currencies like Saudi riyal and Emirati dirham as early…
Egypt, EU discuss funding package to address economic challenges due to geopolitical issues
The European Union (EU) is in talks with the Egyptian government and relevant authorities to provide a new funding package that includes loans, grants, and credits to address the economic…
Gaza death toll reaches 19,667as Palestinian resistance leaders head to Cairo for truce talks
The death toll from the Israeli aggression in Gaza has risen to 19,667, while the number of injured has reached 52,586, according to the latest figures from the Ministry of…
TMG’s Icon acquires 39% stake, management rights in 7 historic hotels in Egypt
Icon, a subsidiary of Talaat Moustafa Group (TMG), has signed the final agreements to acquire a 39% stake and full management rights in Legasi Hotels, a new company that owns…
Egypt unveils EGP 50bn initiative to drive tourism growth, hotel construction
Maximum credit size per company capped at EGP 1bn, with combined limit of EGP 2bn if transactions involve two participating banks
African Development Bank pulls out international staff from Ethiopia after diplomatic breach
The African Development Bank (AfDB) is withdrawing all its international staff from Ethiopia immediately, following a "gross violation" of diplomatic protocol and assault on two staff members by Ethiopian security…
Central Bank of Egypt to discuss interest rate for last time in 2023 on Thursday
Egypt likely to hold steady on interest rates amid economic reforms, analysts say
Egyptian Startups Take Center Stage at Mindsalike Media Brunch
Amidst the ongoing COP28 discussions on climate action, Mindsalike Media Brunch, in partnership with Vantage Communications, hosted a pivotal event last Sunday, December 17th, at Founders Spaces. The gathering shone…
Opinion| How the US president’s confusion affects the elections
The United States, with all its departments and agencies, will soon enter the year of the presidential elections. This battle is a continuous and fierce conflict between Republicans and Democrats,…
Health Insights Asia to invest $3.5m in digital healthcare solutions
Health Insights Asia, a company that specializes in medical systems management programmes, has announced its plan to invest $3.5m in the next year. The company’s CEO, Nasser Shahata, said that…