Egypt showcases ‘Masdar’ platform at UN forum to enhance development financing decisions
Egypt’s Ministry of Planning and Economic Development has highlighted its “Masdar” platform as a key tool for improving decision-making and directing financing towards priority sectors, during its participation in the…
MSMEDA channels EGP 939m into Sinai to fund SMEs, create 25,000 jobs
The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has injected EGP 939.4m into North and South Sinai between 2014 and 2025, financing nearly 10,000 projects and generating around 25,000…
Trump scraps Pakistan delegation, says Iran talks can proceed by phone
US President Donald Trump said he had cancelled plans to send a delegation to Pakistan for talks with Iran, describing the trip as unnecessary and indicating that discussions could be…
Egypt’s FRA grants 6 temporary licences to healthcare administrators under new insurance law
Egypt's Financial Regulatory Authority (FRA) has granted temporary operating licences to six healthcare third-party administrator (TPA) companies, as the regulator begins enforcing the country's new Unified Insurance Law, the authority's…
Egypt courts German tour operators with strategic push to boost inbound tourism
Minister of Tourism and Antiquities Sherif Fathy held talks with Albin Loidl, President of the German Travel Association (DRV), alongside senior DRV official Volker Adams and a delegation of leading…
Egypt’s Doorknock Mission in Washington: Investment prospects amid regional turmoil
The American Chamber of Commerce (AmCham) in Egypt has wrapped up its 43rd “Doorknock Mission” to Washington, concluding a week of high-level meetings that delivered both economic and political signals…
IBAG unveils new identity as ‘Rimmit’, launches strategy and money transfer app
IBAG, a leading international money transfer company, has announced the launch of its new brand identity under the name “Rimmit”, marking a strategic evolution in its journey to deliver advanced…
Opinion | Reading into the Surprise Rate Increase by the National Bank of Egypt and Banque Misr
In a move reflecting clear flexibility in liquidity management, both the National Bank of Egypt and Banque Misr have announced an increase in the yield on three-year fixed-rate certificates to…
Bank financing for MSMEs surges 390% over decade; mobile wallet transactions near EGP 4trn: CBE
The Central Bank of Egypt (CBE) has reported robust growth in banks’ financing of micro, small and medium-sized enterprises (MSMEs), with portfolios expanding by 390% between December 2015 and December…
Central Bank of Egypt sets new rules for margin financing of securities purchases
The Central Bank of Egypt (CBE) has issued a comprehensive set of rules governing banks’ financing of securities purchases on margin, in a move designed to strengthen oversight, mitigate risks,…