Health Minister clarifies key concerns about Medical Liability Law
Khaled Abdel Ghaffar, Deputy Prime Minister for Human Development and Minister of Health and Population, addressed widespread discussions surrounding the Medical Liability Law, particularly the chapter on penalties. He clarified…
STIO Life Science invests EGP 400m to localize Egypt’s pharmaceutical industry
Amr Abdel Razek, Chairperson of STIO Life Science (SLS), announced that the company has invested EGP 400m in the Egyptian market during 2023/2024. These funds have been directed toward development…
AUIEC to launch Arab Industries Exhibition 2025 in Iraq
The Arab Union for International Exhibitions and Conferences (AUIEC) announced during its recent meeting in Cairo the launch of a major exhibition for Arab industries, set to take place in…
Germany offers Egypt concessional loans at one-tenth of market rates: Ambassador
Germany is actively supporting Egypt’s sustainable development goals, particularly in the transition to a green economy, German Ambassador to Cairo Jürgen Schulz announced. Schulz highlighted Germany’s ongoing efforts to assist…
SEMAF, NERIC partner to manufacture railway, metro trains for local market, export
The SEMAF factory, part of the Arab Organization for Industrialization (AOI), has signed a cooperation protocol with the Egyptian National Railways Industries Company (NERIC) to produce advanced railway and metro…
Somali-Ethiopian reconciliation prompts Egypt to reassess regional role: African Narratives
A new report from the African Narratives think tank reveals that a recent reconciliation agreement between Somalia and Ethiopia, brokered by Turkey, is forcing Egypt to re-evaluate its strategic position…
Fate of Syria’s Kurdish autonomous region uncertain after Assad’s fall
Discussions are underway regarding the future of the so-called "Autonomous Administration of North and East Syria" following the fall of Bashar Al-Assad's regime this month. The Kurdish-led region, controlled by…
ABE’s crop loan portfolio reaches EGP 25.6bn in September 2024
Sami Abdelsadek, Acting Chairperson of the Agricultural Bank of Egypt (ABE), announced that the bank is focusing on developing the agricultural sector and fostering rural development. He highlighted that loans…
Al-Ahly Mortgage Finance aims to grow portfolio to EGP 4bn by 2024-end
Hatem Amer, Managing Director of Al-Ahly Mortgage Finance, a subsidiary of the National Bank of Egypt (NBE), announced that the company aims to achieve exceptional growth in its financing portfolio,…
CIB completes second securitization transaction for One Finance, worth EGP 679m
Commercial International Bank – Egypt (CIB) has completed the second issuance of securitization bonds for One Finance, valued at EGP 679m. The issuance was structured into three tranches, with maturities…