Day: August 3, 2024

The Egyptian Ministry of Finance plans to launch 26 treasury bill (T-bill) and treasury bond (T-bond) issuances worth EGP 506.5bn in August. This includes 16 treasury bill issuances totalling EGP 480bn and 10 bond issuances worth EGP 26.5bn. The Central Bank of Egypt (CBE), acting on behalf of the government,…

Manal Awad, Egypt’s Minister of Local Development, received a comprehensive report on the achievements of the national community development project, “Mashroak,” from its inception until July. The project has facilitated the execution of over 212,000 youth-led initiatives, supported by loans totalling approximately EGP 29bn. These endeavours have generated more than…

Egyptian Prime Minister Mostafa Madbouly embarked on an extensive inspection tour of several factories in Alexandria last Saturday. His visit underscores the government’s commitment to enhancing the Egyptian industry, recognizing it as a crucial driver of comprehensive economic progress. Efforts are underway to empower the private industrial sector by removing…

Suez Canal Bank has announced the appointment of Shehab Zidan to its senior management team as deputy CEO and managing director. This strategic move reflects the bank’s commitment to enhancing its management structure in support of its growth and development trajectory. Zidan brings extensive expertise, which the Suez Canal Bank…

A group of children with disabilities presented their vision for a sustainable and inclusive city to Egypt’s Ministry of Planning, Economic Development and International Cooperation on Satruday. The project, titled “The Ideal City,” aligns with the government’s National Initiative for Smart Green Projects. The children, from the Daleel Al-Khair Foundation,…

Egypt has called for increased cooperation among African nations to stimulate economic growth, with a focus on facilitating trade and investment across Africa. Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat, who is also Egypt’s governor at the World Bank Group, made the remarks at the 2024 African…

Egypt’s Environment Minister Yasmin Fouad will lead negotiations on climate finance at the upcoming COP29 climate summit in Azerbaijan, she announced during a virtual meeting with her Azerbaijani and Danish counterparts on Saturday. Fouad held talks with Mukhtar Babayev, Azerbaijan’s Ecology and Natural Resources Minister and designated COP29 president, and…