FABMISR expands its footprint with newest Ain El Sokhna branch within SCZone
First Abu Dhabi Bank Misr (FABMISR), one of the largest banks operating in Egypt, has unveiled the opening of its newest branch in Ain El Sokhna, the bank announced on…
Mashro’ak offers EGP 27.2bn finance to 208,200 projects since 2015
Mashro’ak, a national project for community, human, and local development, has financed 208,200 projects with EGP 27.2bn since its launch in April 2015 until October 2023. These projects have created…
Schneider Electric expands its investments, exports in Egypt
Head of GAFI inspects expansions of Schneider Electric’s factory in Badr City
Egypt, Türkiye cooperate to deliver relief aid to Gaza through Egyptian Red Crescent
Nivine El-Kabbag, the Minister of Social Solidarity and Vice-President of the Egyptian Red Crescent, met with Okay Memiş, the Governor and Head of Turkey Disaster and Emergency Management Authority (AFAD),…
GAFI grants four new golden licences to boost investment, development
The General Authority for Investment and Free Zones (GAFI) has awarded four new golden licences to Samsung Electronics Egypt, the Egyptian Natural Gas Company (Gasco), Fayoum for Warehouses and Depots,…
Egypt to extend electricity load shedding to 2 hours per day
New decision applies to all areas except hospitals
Bahraini group GFH plans to invest $500m in Egypt in 2024
Group is close to acquiring pre-university educational institution, sources say
AUR Leasing to issue EGP 1.7bn securitised bonds next month
AUR Leasing, a subsidiary of AUR Capital, plans to issue securitised bonds worth EGP 1.7bn next month. According to Daily News Egypt, the company is preparing the issuance file to…
Shoukry calls for urgent international action to stop humanitarian crisis in Gaza
Foreign Minister Sameh Shoukry spoke on the phone with his Jordanian and Saudi counterparts, Ayman Safadi and Prince Faisal bin Farhan, on Sunday to coordinate Arab efforts to address the…
Israel continues massacring civilians in Gaza for 23rd day, ignoring UN resolution
The war on the besieged Gaza Strip has entered its 23rd day, with Israeli raids killing dozens of civilians in different areas of the Strip. The death toll has risen…