EBRD to finance Reefy with EGP 200m to support entrepreneurs in Egypt
The EBRD is supporting young entrepreneurs in Egypt with a loan of up to EGP 200m (approximately €6m) to Reefy Micro-Finance Enterprise Services (Reefy), the first licensed microfinance institution in Egypt and…
Kaspersky outlines top 4 email scams targeting people in Egypt
Kaspersky experts have outlined the top four email scam themes and tactics currently prevalent in the Middle East, Turkey, and Africa region (META). These scams highlight different social engineering techniques…
UPDATED: Egypt, Saudi, Iran, Argentina, Ethiopia, UAE are new BRICS members
Johannesburg – Egypt, Saudi Arabia, Iran, UAE, Ethiopia and Argentina to become permanent members in BRICS, will be full members of BRICS with effect from 1 January 2024. Earlier sources close…
Gamal Moharram intends to apply for new FRA licence for credit rating of securities
FRA issues 5 criteria for credit rating licence
FRA opens door for companies to obtain licence for credit rating of securities
Credit rating of securities will enhance capabilities of financial sector, increase competition: Farid
10.7% decrease in non-oil trade deficit in 2Q 2023
Non-oil trade exchange between Egypt and COMESA countries reaches $390.7m
FRA amends standards for financial evaluation of enterprises
The Financial Regulatory Authority (FRA) issued decision No. 150 for 2023 to amend the Authority’s decision No. 1 for 2017 regarding the standards for financial evaluation of enterprises, by developing…
GAFI approves establishment of Tarboul investment zone at EGP 500bn
The General Authority for Investment (GAFI) has approved the request of V Investments company to establish the city of Tarbul, under the investment zones system. The project aims to establish…
Palestine holds Netanyahu’s government responsible for repercussions of Israeli escalation
The Palestinian Ministry of Foreign Affairs blamed on Wednesday the Israeli government for the consequences of the ongoing escalation, calling on the US administration to exert real pressure on Israel…
Egypt’s Petroleum Minister meets with Canada’s TransGlobe
Tarek El Molla, Egypt's Minister of Petroleum and Mineral Resources, met with a delegation from TransGlobe, a Canadian oil and gas company. The meeting focused on the company's business plans…