CBE directs banks to facilitate account opening for non-resident foreigners
The Central Bank of Egypt (CBE) has instructed banks to facilitate the process of opening accounts for non-resident foreigners in Egypt. These accounts will allow foreigners to access a variety…
Egypt’s FM attends Rwandan president’s inauguration, holds bilateral meetings
Egyptian Foreign Minister Badr Abdelatty traveled to Kigali, Rwanda, to participate in the inauguration ceremony of Rwandan President Paul Kagame. This visit was at the request of the Egyptian president.…
Egyptian PM explores mobile phone manufacturing, hotel room expansion plans
Egyptian Prime Minister Mostafa Madbouly chaired a meeting in New Alamein City on Sunday to discuss plans for localizing mobile phone manufacturing for export. The meeting also explored investment opportunities…
Egypt’s Electricity Minister, Greek Copelouzos Group discuss interconnector project updates
Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Essmat, met with Dimitris Copelouzos, Chairperson of the Copelouzos Group, a Greek company operating in the fields of renewable energy and power…
Sinai farmers receive development promises from Egyptian Ministers
Egyptian ministers and officials met with farmers in North Sinai on Sunday to discuss development plans and pledge support for the region's agricultural sector. Minister of Agriculture and Land Reclamation…
Israel orders mass evacuation in Khan Younis as Gaza death toll surpasses 39,000
Israel has ordered a large-scale evacuation of residents in Khan Younis in the southern Gaza Strip, forcing tens of thousands of Palestinians to flee their homes. The order, issued overnight,…
Afreximbank to double intra-African trade financing to $40bn by 2026
The African Export-Import Bank (Afreximbank) plans to double its financing of intra-African trade from $20bn in 2021 to $40bn by 2026, according to Haytham ElMaayergi, the bank’s Executive Vice President,…
FRA closer to launch Egypt’s first voluntary carbon credit market
The Financial Regulatory Authority (FRA) has fulfilled the necessary regulatory prerequisites for Egypt’s inaugural regulated market for voluntary carbon reduction certificates, in collaboration with the Ministry of Environment. This milestone…
HDP launches Club Hills Residence with EGP 10bn investments
Housing and Development Properties (HDP), the real estate investment arm of the Housing and Development Bank, has announced the launch of its latest project, "Club Hills Residence," in a prime…
Premier Development unveils SANSA project in North Coast with EGP 1.5bn investment
Premier Development recently announced its latest venture in the North Coast, named SANSA, with a total investment of EGP 1.5bn. Tarek El Nabrawy, Chairperson of Premier Development, highlighted that the…
