Day: September 27, 2023

The Egyptian Government is planning to launch new bond issuances in the debt markets to support the National Climate Change Strategy 2050, according to a document issued by the Cabinet’s Information and Decision Support Center (IDSC). The document, which Daily News Egypt obtained, said that the Ministry of Finance intends…

The Saudi Public Investment Fund (PIF) is in talks with the Arab African International Bank to buy its 13% stake in Palm Hills Development, the second-largest real estate company listed on the Egyptian Exchange, sources close to the deal told Daily News Egypt. The sources said that the negotiations started…

The United Nations Development Program (UNDP) and the Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF), in partnership with Coursera, one of the largest online education platforms in the world, announced the launch of the “Future Skills for All” initiative on the sidelines of the 78th session of the UN…

Two companies affiliated to Egypt Post, Post for Investment and Post Distribution Company, have signed a contract to invest in the Roaderz platform, a crowdsourcing platform that connects delivery service providers and e-commerce and retail service providers, with a shareholding of 40%. The investment contract was signed by Post for…

The General Authority for Investment and Free Zones (GAFI) is set to approve 45 more applications for the golden licence in the next few days, after granting 22 such licences since the beginning of the year. The golden license is a special permit that allows investors to establish projects in…

The Ministry of Finance reported that the total amount of local treasury bills and bonds issued by the government reached EGP 4.67trn in August 2023, according to its latest report published on its website. The report said that the treasury bills, which are short-term debt instruments, amounted to EGP 2.449trn,…

The Tourism Committee of the Egyptian Businessmen Association held a public symposium with the Japanese ambassador to Cairo, Oka Hiroshi, to discuss developing economic relations between Egypt and Japan and to increase the flow of Japanese tourists following the opening of the direct airline between Cairo and Tokyo. Joint cooperation…

Egypt’s President Abdel Fattah Al-Sisi dismissed the allegations of “militarizing civil positions” by requiring applicants for new positions in ministries such as education, finance, transportation, and religious endowments to undergo tests at the military academy. He said that the tests are meant to evaluate and train the candidates for their…

The CEO of the General Authority for Investment and Free Zones (GAFI), Hossam Heiba, met with the Swiss State Secretary for Economic Affairs, Helene Budliger Arteda, on Tuesday, to discuss the Egyptian-Swiss economic relations and the investment opportunities in Egypt. The meeting was also attended by the Swiss Ambassador to…

The Finance Minister and Governor of Egypt at the Asian Infrastructure Investment Bank (AIIB), Mohamed Maait, said that the private sector is the engine of economic recovery and sustainable growth in a world full of challenges. Maait expressed his enthusiasm about the private sector’s contribution to economic and development projects…