Day: January 3, 2024

On Monday evening, Egypt’s Minister of Housing, Utilities and Urban Communities Assem Al-Gazzar met with Prince Khalid Bin Saud Bin Turki Al Saud, the CEO of the Saudi SFIG Group Amr Afifi, and their delegation, to showcase the investment opportunities in various fields. Al-Gazzar said that the Egyptian state offers…

Minister of Finance Mohamed Maait responded to the Egyptian Insurance Brokers Association’s (EIBA) request and directed the Egyptian Tax Authority to ask the General Assembly of the Fatwa and Legislation Departments of the State Council to review its previous fatwa. It stated that the services provided by insurance brokers are…

CI Capital, the diversified financial services group, announced its achievements in December 2023, the conclusion of five bond issuances for prominent companies and entities operating in various sectors in the Egyptian market. These include Corplease, Egypt’s leading leasing company, Bedaya Mortgage, Aman for Financial Services and Consumer Financing, GB Leasing,…

Daily News Egypt obtained figures that revealed the government’s plan to borrow EGP 1.647trn from the local market during the third quarter of FY 2023/24, to pay previous maturities for debt instruments and finance the state’s general budget deficit. The government’s plan shows its need for liquidity in the short…