Raya Foods secures $40m investment from Helios to boost expansion
Raya Holding for Financial Investments has announced securing an investment of approximately $40m from Helios Investment Partners, Africa's largest investment fund which manages around $3.5bn in assets, into Raya Foods.…
Al Tadamun Microfinance, CIB sign credit facility agreement worth EGP 150m
Al Tadamun Microfinance Foundation, a leader in financing micro-enterprises for women, announced that it had signed an agreement with the Commercial International Bank – Egypt (CIB) to renew a credit…
Egypt to reoffer lands of non-serious investors: Al-Wazir
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, met with Fayoum Governor Ahmed El-Ansary and senior officials to address challenges faced by investors in…
Egyptian government plans to borrow EGP 1.293trn from domestic market
The Egyptian government plans to borrow EGP 1.293trn from the domestic market during November and December 2024, according to figures obtained by Daily News Egypt. The government intends to use…
Calls for urgent regulatory action in Egyptian real estate market
Alaa Fikry, Chairperson of Beta Developments and First Vice President of the Real Estate Development Committee at the Egyptian Businessmen's Association, stated that the size of the real estate market…
Egypt’s Real Estate Development Chamber explores investment opportunities in Libya
Osama Saad El-Din, Executive Director of the Real Estate Development Chamber at the Federation of Egyptian Industries (FEI), revealed the Chamber's participation in a visit conducted by an Egyptian delegation led…
Concrete Plus expands project portfolio to EGP 60bn by year-end
Concrete Plus continues to execute diverse projects. According to Tarek Youssef, CEO of the company, Concrete Plus's total work portfolio by the end of the year will be EGP 60…
Egypt’s agricultural exports record $4.04bn within 9 months
Minister of Agriculture and Land Reclamation, Alaa Farouk, has received a report from the Head of the Egyptian Agricultural Quarantine Mohamed El Mansy regarding Egypt’s agricultural exports from 1 January…
Israel continues killing civilians in Gaza, Lebanon
The Gaza conflict has now entered its 379th day, with Israeli forces continuing their assaults and maintaining a siege on the northern areas of the strip. A recent airstrike in…
Al-Sisi receives US Congress delegation to discuss regional situation
Egypt’s President Abdel Fattah Al-Sisi received on Saturday a delegation from the US House of Representatives, including Republican and Democratic MPs, headed by the congressman Tom Cole, the head of…
