BRICS Summit in Kazan shows bloc’s growing influence, says Lavrov
Following the XVI BRICS Summit in Kazan, Russia is reflecting on the results of its 2024 chairmanship of the bloc. “The summit demonstrated the rapidly growing authority of BRICS and…
TMG reports record sales: EGP 53bn from Benan project in Saudi Arabia
Talaat Moustafa Group (TMG) has reported record sales, reaching EGP 470bn (equivalent to $9.4bn) as of November 6th. This represents a significant increase of over four times compared to the…
NAIA Developments announces Alana expansion in New Sheikh Zayed
NAIA Developments has launched a new phase, Alana, within its NAIA WEST project in New Sheikh Zayed City. Alana includes a variety of unit sizes ranging from 135 to 175…
Tadamun Microfinance, EBank sign EGP 50m worth of credit facility
Tadamun Microfinance Foundation, which finances women's micro-enterprises, announced signing a EGP 50m credit facility with the Export Development Bank of Egypt (EBank). The aim is to meet the needs of…
EU approves €20m assistance for Egyptian Armed Forces
The European Council on Wednesday approved €20m in assistance for the Egyptian Armed Forces (EAF) under the European Peace Facility (EPF). The funds will be used to bolster the EAF's…
EU envoy praises human rights reforms in Egypt
EU Special Representative (EUSR) for Human Rights, Olof Skoog, visited Egypt from 4 to 5 November, in a follow-up mission to EUSR Eamon Gilmore's trip in April 2022. Ongoing human…
Communications sector contributes 5.8% to GDP in FY 2023/24: Talaat
Amr Talaat, Egypt’s Minister of Communications and Information Technology, has emphasized that the success of Egypt’s communications and IT sector is built on its human capital and expertise, which have…
CI Capital concludes EGP 884m securitized bond issuance for Reefy Microfinance
CI Capital, the leading diversified financial services group, announced Wednesday the conclusion of EGP 884m securitized bond issuance for Reefy Microfinance Enterprise Services, which acted as the originator of the…
Egypt, Japan’s JOIN discuss investment cooperation in infrastructure
Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), met with Hideki Okada, Head of the Business Development Unit at Japan Overseas Infrastructure Cooperation (JOIN) to…
Egypt’s pharmaceutical market records EGP 277bn annual sales: EDA
Ali Ghamrawy, Chairperson of the Egyptian Drug Authority (EDA) has reported that the total sales of Egypt's pharmaceutical market from October 2023 to September 2024 reached 3.6 billion units, valued…
