Israel commits 2 massacres against civilians in Gaza
The Israeli occupation army has committed two massacres in the Nuseirat camp and Deir Al-Balah city, central Gaza, and continued the siege and intensive bombardment of northern Gaza as the…
GB Capital acquires licence to expand into securities promotion, underwriting
GB Capital for Financial Investments, the financial arm of GB Corp, has secured a licence from the Financial Regulatory Authority (FRA) for the promotion and underwriting of securities, marking a…
Q Developments unveils new project in New Zayed
Q Developments announced the launch of its first project in west Cairo, Q Hills located in New Zayed City, on 24 feddans directly on the Dabaa axis, minutes away from…
FRA clarifies suspension of new applications for consumer, microfinance companies
The Financial Regulatory Authority (FRA) has detailed the reasons for halting the acceptance of new applications for licences to establish companies aimed at providing micro-project financing or consumer finance through…
EGAS, Greek Copelouzos sign agreement to establish new gas company
Karim Badawi, Minister of Petroleum and Mineral Resources, witnessed the signing of a shareholders' agreement for partnership in a joint company, headquartered in Greece, between the Egyptian Natural Gas Holding…
Egypt has capacity, flexibility to manage budget financing needs: Finance Minister
Ahmed Kouchouk, the Minister of Finance, emphasized that financial and economic reform is an ongoing and sustainable process. “This process extends beyond our reform programmes supported by international institutions,” he…
CBE authorizes banks to open financial inclusion accounts
The Central Bank of Egypt (CBE) has granted banks permission to open financial inclusion accounts in foreign currencies for individuals and micro-enterprises classified as low-risk clients under categories A and…
Egypt’s external debt falls to $152.9bn in June
Egypt's external debt decreased to $152.9bn by the end of June 2024, according to the Central Bank of Egypt (CBE). This represents a decline from $160.607bn at the end of…
Egypt, Greece discuss electrical interconnection project
Minister of Electricity and Renewable Energy Mahmoud Esmat met with the Greek Minister of Environment and Energy, Theodoros Skylakakis, at the Ministry’s headquarters in the New Administrative Capital. The meeting…
Egypt’s military capabilities sufficient to defend country: Al-Sisi
President Abdel Fattah Al-Sisi has reiterated Egypt's military strength, declaring that the armed forces are fully capable of defending the country. During a speech at the Armed Forces' educational symposium…
