Day: September 4, 2024

The second day of the Egypt International Airshow 2024, held at Alamein International Airport, saw a flurry of activity as companies from various nations showcased their latest innovations and forged new partnerships. The event, the first of its kind in Africa and the Middle East, is being held under the…

The Central Bank of Egypt (CBE) will determine on Thursday, the fate of the Egyptian pound’s interest rate. Market analysts widely anticipate that the CBE will opt to maintain the current rates for the third consecutive time. The Monetary Policy Committee (MPC) of the CBE decided on 18 July to…

Amr Talaat, Egypt’s Minister of Communications and Information Technology, emphasized that Egypt’s digital strategy aligns with the United Nations’ Sustainable Development Goals. He stated that providing citizens with access to telecommunications and the internet in the digital age is no longer a luxury but a fundamental right. Talaat highlighted the…

The Central Agency for Public Mobilization and Statistics (CAPMAS) revealed that the trade exchange between Egypt and Türkiye decreased to $3bn during the first half (H1) of 2024, down from $3.7bn in the same period of 2023. This announcement coincides with President Abdel Fattah Al-Sisi’s visit to Türkiye, to strengthen…

The seventh edition of the “Portfolio Egypt 2024” conference will convene on September 30th, bringing together distinguished Arab participation for discussions on the future of Arab stock markets. The event, themed “Arab Stock Markets: Integration or Competition,” will be held at the Nile Ritz-Carlton Hotel in Cairo. The conference, organised…

Basel Rahmi, CEO of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), and Tarek El Fayoumi, CEO and Managing Director of Enmaa Finance, have signed a $3m financing agreement aimed at supporting small and medium-sized exporters with foreign currency receivables. This financing will be provided through Enmaa Finance using…

Egypt’s Ministry of Planning, Economic Development, and International Cooperation (MoPEDIC) and the Ministry of Agriculture and Land Reclamation held a meeting to discuss agricultural sector projects within the 2024/2025 investment plan and review the progress of the Climate-Resilient On-Farm Water Management in the Nile Valley (CROWN) project. The meeting, held…

Sherif Farouk, Minister of Supply and Internal Trade, visited the 10th of Ramadan Investors’ Association to explore opportunities for cooperation, attract more investments, and encourage private sector participation. The meeting was attended by Alaa Nagy, Chairperson of the Holding Company for Food Industries; Ahmed Kamal, Assistant Minister and official spokesperson…

Banque du Caire has signed an agreement with Beltone Asset Management, a subsidiary of Beltone Financial, to establish and manage an external investment portfolio. This collaboration aims to diversify the bank’s investment portfolio, strengthen its presence in the financial markets, and achieve the highest possible investment returns, paving the way…

EFG Hermes, an EFG Holding company and a leading investment bank in the Middle East and North Africa (MENA) region, has achieved strong results in the 2024 Emerging EMEA Extel (formerly Institutional Investor Research) Survey rankings. The firm’s Research division and its analysts have secured top positions in key sectors,…