EGX mandates United Bank to complete offering within six months of listing
The Securities Listing Committee of the Egyptian Exchange (EGX) has mandated that United Bank must adhere to clauses 1, 2, and 3 of Article 7 of the listing rules. The…
Debt-for-investment swaps enhance development pathways in Africa: Finance Minister
Ahmed Kouchouk, Egypt's Finance Minister, stated that debt levels across Africa are rising due to escalating economic shocks and risks linked to geopolitical tensions. He emphasized that the "Debt Alliance…
GCF approves financial aid of $2.687bn to Egypt, other countries
The Green Climate Fund (GCF) approved the financing proposals for the multi-country programmes: Greening Financial Systems, the Smart Resilient Agriculture Investment Fund, and the Resilient Water Infrastructure Expansion Facility, to…
North Korea slams US for military drill with allies
Xinhua —The Foreign Ministry of North Korea on Saturday condemned the United States for the latest military drill conducted with its allies, along with other provocations, saying these actions exacerbated…
Senegalese president pledges “free, democratic and transparent” legislative elections
Xinhua —Senegalese President Bassirou Diomaye Faye on Friday pledged that the upcoming legislative elections on Nov. 17 will be "free, democratic and transparent." In a statement at the Palace of…
Sudan RSF militias kill 50, injure 200 in Gezira state: Non-governmental groups
A village in central Sudan was the scene of a deadly attack by the Rapid Support Forces (RSF) militia on Friday, resulting in the deaths of over 50 civilians and…
Over a quarter of Americans fear civil war after presidential election: poll
Xinhua —With less than two weeks before Election Day, a new poll showed a disturbing result that more than a quarter of Americans believe civil war might break out after…
Can Egypt negotiate changes to its IMF deal?
Since President Abdel Fattah Al-Sisi asked the government to review Egypt's agreement with the International Monetary Fund, several questions have surfaced, the most important of which is whether Egypt is…
MSMEDA finances 14,500 small, micro projects with EGP 508.7m in Port Said
Basil Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), said that the agency pumped EGP 508.7m into 14,500 small and micro projects in Port Said over…
CIB signs credit facility to finance Flex Asepto Egypt
The Commercial International Bank (CIB) announced signing a credit facility contract with one of the companies of the U Flex Group, one of the largest packaging groups in the world.…
