Day: January 21, 2024

The Egyptian Exchange (EGX) plans to launch a new market called ‘Tanmeya’, where trading rules are based on the issuer company’s request. EGX can list companies on this market directly, especially those that were delisted involuntarily, to make it easier for interested parties to exit. This initiative is part of…

Assem Al-Gazzar, the Minister of Housing, Utilities and Urban Communities, announced some facilities and amendments for service, investment, urban and industrial lands in new cities. Al-Gazzar said that these facilities are part of the New Urban Communities Authority’s (NUCA) efforts to support and encourage investors in mixed-use and industrial projects…

Mohamed Nasr, the CEO and Managing Director of Telecom Egypt, said that 5G technology will boost revenues from data services over the next five years. He said that the 5G network can be deployed in specific areas based on economic feasibility. Telecom Egypt obtained a 5G licence last Wednesday for…

International Monetary Fund (IMF) officials visited Egypt this week to discuss the country’s $3bn loan program and reform efforts, amid concerns about the Gaza war’s impact on the economy and potential for expanding the loan. Jihad Azour, Director of the IMF’s Middle East and Central Asia Department, was in Cairo,…