Youth Ministry sign protocol with cred to support medal-winning champions at Paris 2024 Olympics
Minister of Youth and Sports Ashraf Sobhy attended the signing of a protocol between the Ministry and cred, a real estate development company, on Thursday. The protocol aims to support…
Afreximbank supports Mota-Engil Africa with €175m loan for Lobito Railway Project
The African Export-Import Bank (Afreximbank) has provided a €175m dual tranche term loan facility to Mota-Engil Africa, a leading engineering and construction company in Africa. The facility will support Mota-Engil…
Intra-African commerce only 17% of continent’s foreign trade volume: ECS
Ali Basha, the Minister Plenipotentiary Head of Africa Department at Egyptian Commercial Service (ECS), said that intra-African trade is very low, accounting for only 16-17% of the continent’s foreign trade…
Egypt, Afreximbank launch online platform for engineering, procurement and construction contracts
Afreximbank’s support for engineering and contracting companies in Africa worth more than $12bn in the past five years
Elsewedy Electric, Arab Contractors secure $500m credit facility from Afreximbank
The African Export-Import Bank (Afreximbank) has provided a credit facility of $500m to two Egyptian contractors, Elsewedy Electric Group and Arab Contractors, as part of the 3rd edition of the…
Azimut Gold Fund registered by Central Bank of Bahrain
The Central Bank of Bahrain has given its approval for the registration of Azimut Gold Fund, an investment fund that allows Mubasher Capital Bahrain clients to invest in Egyptian pounds.…
Egypt denounces Israel’s attack on Qatari committee’s office in Gaza
Egypt stated on Monday through its Ministry of Foreign Affairs, denouncing the Israeli occupation forces’ attack on the office of the Qatari committee for the reconstruction of Gaza. The statement…
Al-Sisi calls for boosting intra-African trade
President Abdel Fattah Al-Sisi stressed the importance of boosting intra-African trade and exploiting the continent’s vast economic potential and natural resources in various sectors, such as agriculture, mining, and others.…
Egypt says it keeps Rafah crossing open, blames Israel for blocking aid to Gaza
The Egyptian Ministry of Foreign Affairs said that the Rafah border crossing, which connects Egypt and the Gaza Strip, has been open continuously since the start of the crisis in…
Israel’s genocide claims 11,240 lives while Hamas destroys 20 “Zionist” military vehicles
The Israeli aggression on the Gaza Strip has claimed the lives of 11,240 people, including 4,630 children and 3,130 women since it began. The government media office in the besieged…