Qualified entities for NBFC licences must have data protection systems: FRA
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), and Ibrahim Sarhan, Chairperson of e-finance, have participated in a panel discussion at the 28th Cairo International Exhibition for Communications and…
Electricity Minister, IFC delegation discuss ways to strengthen cooperation
Minister of Electricity and Renewable Energy, Mahmoud Esmat, has received a delegation from the International Finance Corporation (IFC), a development arm of the World Bank, headed by Valerie Levkov, Director…
Egypt’s automated tax systems fully secure against cyber threats: ETA
The Egyptian Tax Authority (ETA) said that its automated tax systems, including databases and information related to taxpayers and obligors, have not been subjected to cyber threats. It added that…
MSMEDA finalizes establishment of Khutwa Financing, with 40% stake
Basel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), announced that the final procedures are underway for establishing Khutwa Financing Company. MSMEDA will hold a 40%…
KOICA chief to visit Egypt to strengthen development cooperation
President of the Korea International Cooperation Agency (KOICA), Chang Won-Sam, is set to visit Egypt from 20 to 22 November 2024. Chang’s visit to Egypt aims to enhance bilateral cooperation…
43,922 Palestinians killed in Israeli aggression on Gaza since Oct. 7, 2023
The Ministry of Health in Gaza have announced that the Israeli occupation forces committed four massacres against civilians in the sector during the past twenty-four hours, resulting in 76 deaths…
Egypt, IFC discuss collaboration to unlock mining, infrastructure potential
Egypt's Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, met with International Finance Corporation (IFC) officials to explore opportunities for collaboration in the mining and infrastructure sectors. The…
Hisham Talaat Moustafa proposes establishment of tourism development council
Hisham Talaat Moustafa, CEO of Talaat Mostafa Group (TMG), has proposed the formation of a national council for tourism development, whose decisions would be binding on all relevant authorities. He…
Beltone Holding reports 405%, 1,218% surge in revenue, profit, respectively
Beltone Holding (BTFH.CA) announced its consolidated financial and operational results for the nine months ending 30 September 2024. Beltone’s growth strategy continued to yield impressive results with the Company’s consolidated…
Egypt-G20 trade exchange reaches $61bn in 9M 2024
The Central Agency for Public Mobilization and Statistics (CAPMAS) reported a rise in trade exchange between Egypt and G20 members to $61bn during the first nine months of 2024, from…
