ADIB Egypt, IFC sign first Shariah-compliant subordinated Tier 2 financing agreement worth $50m
Abu Dhabi Islamic Bank (ADIB) Egypt has announced the signing of the first Shariah-compliant subordinated Tier 2 financing agreement worth $50m with the International Finance Corporation (IFC) using the Murabaha…
Egypt, Türkiye discuss strengthening cooperation in military industries
Minister of State for Military Production, Mohamed Salah El-Din Mostafa, discussed on Monday with Salih Mutlu ŞEN, the Turkish ambassador in Cairo, ways for boosting cooperation between the two sides.…
ADNOC, ENOC, and Petromin compete for acquiring substantial stakes in Wataniya
Varying stakes targeted by three companies: Sources
Communications Minister inaugurates Seamless North Africa Conference in Cairo
Minister of Communications Amr Talaat opened on Monday the Seamless North Africa Conference in Cairo, on behalf of Prime Minister Mostafa Madbouly. The event was held under the auspices of…
177 fintech companies attract $800m investments in 2022: CBE Deputy Governor
Banks’ online transactions amount to EGP 3trn in past 6 months
Egyptian cashless payments app Flash raises $6m
Flash, a cashless payments app in Egypt, has secured a $6 million funding round led by Addition, with participation from Flourish Ventures and a host of other strategic angel investors.…
Egypt, Norway discuss strengthening bilateral relations, situation in Sudan, Palestine
Egypt’s Foreign Minister Sameh Shoukry received on Monday a phone call from his Norwegian counterpart Anniken Huitfeldt, to discuss strengthening bilateral relations, as well as the latest developments in Sudan…
What El Niño means for the world’s perilous climate tipping points
The UN World Meteorological Organisation (WMO) has confirmed it: El Niño conditions have arrived and are expected to become moderate to strong as they develop over the coming year. El…
Cairo apartment building collapses, killing at least 12
The collapsed building is located in Cairo's Hadaeq Al Qubbah neighbourhood. The building was reportedly built in the 1970s and was in poor condition.
BBC Cairo staff goes on strike for equal pay with Middle East peers
Khaled El-Balshy, head of Egypt’s Journalists Syndicate, posted on Facebook that the BBC Cairo staff consider the disparity in pay as a form of “systematic discrimination.”