Egypt and India explore local currency settlements to strengthen economic ties
Egypt's Finance Minister, Mohamed Maait, and India's Ambassador to Cairo, Ajit Gupte, discussed ways to bolster economic cooperation between the two nations, particularly in light of global economic challenges arising…
Contact Holding’s financing portfolio jumps to EGP 20bn
Contact Financial Holding, Egypt's leading non-bank financial services provider, announced that its financing portfolio rose to EGP 19.7bn, up from EGP 13.7bn during the comparative period of last year. This…
CBE receives $1.719bn in bids for USD-denominated T-bills tender
The Central Bank of Egypt (CBE) received 28 bids totalling $1.719bn in a tender for USD-denominated treasury bills. The CBE had initially offered $1.610bn in one-year treasury bills, maturing on…
NBE, Transport Regulatory Authority sign protocol to support transport projects
The National Bank of Egypt (NBE) and the Egyptian Domestic and International Land Transport Regulatory Authority have signed a collaboration protocol to support various transport projects licensed to operate by…
Egypt’s Culture Ministry, British Council collaborate to enhance cultural, creative industries
The British Council, in partnership with the Creative Industries Policy and Evidence Centre (PEC), hosted an international forum today that culminated in remarkable success. The forum, held in Cairo, brought…
Bedaya Mortgage Finance to close securitization transaction worth EGP 800m next month
Bedaya Mortgage Finance, a subsidiary of EFG Hermes and GB Capital Group, is set to close a securitization transaction worth EGP 800m next month. According to sources who spoke to…
Dubai Taxi to launch IPO by December
Dubai Taxi Corporation, a mobility solutions provider, plans to list its shares on the Dubai Financial Market (DFM) by December 2023. According to a statement from the company, the initial…
Web Summit 2023: Egypt participates with 33 innovative startups
Egypt, through the General Division for Digital Economy and Technology of the Federation of Egyptian Chambers of Commerce and the Information Technology Industry Development Agency (ITIDA), is participating in the…
Tasaheel Microfinance plans EGP 3.8bn bond issuance in December
Tasaheel Microfinance, a subsidiary of MNT Halan that specializes in financing small and medium-sized projects, plans to issue bonds worth EGP 3.8bn in December. This will be the second bond…
Rameda Group reports 43% revenue growth in Q3 2023
Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) Group, a leading pharmaceutical company, reported a 43% year-on-year increase in revenues to EGP 545.7m in the third quarter of…