Day: November 12, 2023

Located in the heart of Cairo, the Grand Nile Tower hotel stands as a symbol of luxury and  Hospitality directly overlooking the legendary Nile River. This prestigious hotel is renowned for offering its guests a magnificent experience, and its latest addition, the Marquise, is no exception. Marquise, the hotel’s luxurious private…

ACWA Power, the world’s largest private water desalination company and a leader in energy transition and green hydrogen has signed a Memorandum of Understanding (MoU) with Masdar, a global leader in renewable energy and sustainable urban development, and SOCAR, the national oil and gas company of Azerbaijan, to establish a…

BEEAH, the Middle East’s leading sustainability and digitalisation pioneer, has signed an agreement with the Saudi Investment Recycling Company (SIRC), a wholly-owned subsidiary of the Saudi Public Investment Fund (PIF), and Al-Maqar Development Company (ALMQR), the investment arm of the Municipality of Madinah, to establish a limited liability company that…

The 3rd edition of the Intra-African Trade Fair (IATF 2023) was inaugurated by Minister of Trade and Industry Ahmed Samir in Cairo on 9 November. The fair, which will run until 15 November at Egypt International Exhibitions Center, is organized by the African Export-Import Bank (Afreximbank) in cooperation with the…

Haytham El Maayergi has joined the African Export-Import Bank (Afreximbank) as its Executive Vice President of Global Trade Bank, succeeding Amr Kamel, former Executive Vice President of Business Development, and Corporate Banking.  El Maayergi has over 30 years of diverse experience in the banking sector, including 25 years in regional…

The African Continental Free Trade Area (AfCFTA) secretariat has identified the automotive industry as one of the four priority sectors that offer a lot of opportunities for maximising intra-African trade and industry, based on extensive research. Themba Khumalo, a representative of the AfCFTA secretariat, said this during the Auto Forum…

Banque du Caire has announced the launch of an electronic signature service (I-Sign) for its corporate and institutional clients, becoming the first bank to use the electronic signature in banking forms and documents related to cash flow management services and products, foreign trade operations, and securities products. The service also…

The Agricultural Bank of Egypt (ABE) has affirmed its commitment to supporting the development process in Sinai, to improve the living standards and quality of life of its people, especially in the rural and Bedouin communities. This is in line with the national strategy for the development and reconstruction of…

The Micro, Small, and Medium Enterprises Development Agency (MSMEDA) and ERADA Microfinance have signed a contract to finance micro-projects worth EGP 100m in various governorates of Egypt. The contract was signed by Nevine Badr El-Din, Head of the Central Microfinance Sector at MSMEDA, and Amr Abo El-Azm, Founding Partner, Deputy…

The National Bank of Egypt (NBE) was the leading bank in the mortgage finance initiative for low-income individuals in October 2023, according to the Social Housing and Mortgage Finance Fund. The NBE provided financing worth EGP 16.825bn to 141,971 customers, representing 26.3% of the total financing under the initiative. The…