CI Capital concludes securitised bond issuance of EGP 3bn for Tasaheel Finance
Matouk Bassiouny & Hennawy acted as legal advisor
Actis plans to borrow $250m for Gabal El-Zeit wind farm expansion
Actis, a global direct investment company, is in talks with the government to buy the Gabal El Zeit wind station, one of the largest wind power plants in the world.…
Egypt and Siemens discuss collaboration on renewable energy, green hydrogen
Egypt's Minister of Electricity and Renewable Energy, Mohamed Shaker, met with Andreas Matthe, CEO of Siemens Smart Infrastructure's Electrical Products Business Unit, accompanied by Mostafa El-Bagoury, CEO of Siemens Egypt,…
How to finance climate and development action without worsening developing countries’ debt crisis: Mohieldin
Mahmoud Mohieldin, UN Climate Change High-Level Champion for Egypt and UN Special Envoy on Financing the 2030 Sustainable Development Agenda, spoke at the UNCTAD meetings about the challenges and opportunities…
MSMEDA invests EGP 642m in small and micro-projects in Sinai
The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has implemented the state’s strategy to develop and build Sinai and create a conducive environment for the growth of small projects.…
Egypt grants customs, procedural facilities for Nebu Expo
The Egyptian government has granted new facilities for international exhibitors who will participate in the third edition of Nebu Expo, a gold and jewellery exhibition, scheduled for 25-27 November. The…
Egypt’s external debt decreases to $164.7bn in 4Q 2022/23: CBE
The Central Bank of Egypt (CBE) reported a $634m decline in Egypt’s external debt during the fourth quarter (4Q) of the fiscal year 2022/23, reaching $164.7bn in June 2023, as…
CBE to decide on interest rate of Egyptian pound Thursday amid mixed expectations
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) will convene its seventh regular meeting of the year on Thursday to determine the bank’s basic interest rates,…
Government to receive final bids for Wataniya fuel stations next week
Wataniya Petroleum to sell over half of its fuel stations to strategic investors, sources say
Gaza crisis requires addressing Palestinian issue: Shoukry
Foreign Minister Sameh Shoukry met with Barnpri Bahida Nokara, Thailand’s deputy prime minister and foreign minister, on Wednesday to discuss the military escalation in the Gaza Strip and its implications.…
