Day: September 28, 2024

Hossam Heiba, CEO of the General Authority for Investment and Free Zones, invited Greek companies to explore the investment environment in Egypt, during his participation in the Egyptian-Greek Investment Forum in Athens. The forum, titled “Greece – Egypt: Business and Investment Opportunities,” was organized by the Athens Chamber of Commerce…

Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, witnessed the signing of a memorandum of understanding (MoU) between the Egyptian Private Equity and Venture Capital Association (EPEAVC) and the United States Agency for International Development (USAID) to support the efficiency of direct investment and venture capital in Egypt. The…

Kamel Al-Wazir, Egyptian Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, inaugurated on Saturday the expansions of Kraft Heinz – Cairo Food Industries factory in 6th of October, in West Cairo. US Ambassador to Egypt Herro Mustafa, Minister of Investment and Foreign Trade Hassan El-Khatib, Minister…

Egypt’s Foreign Minister and Minister of Immigration and Expatriate Affairs, Badr Abdelatty, met with China’s Foreign Minister, Wang Yi, on the sidelines of the United Nations General Assembly. The two ministers expressed satisfaction with the progress of strategic relations between the two countries across various sectors. This year marks the…

A recent report by the Egyptian Islamic Finance Association (EIFA) highlights the robust performance of Islamic banking in Egypt. In June 2024, the turnover of Islamic banking reached EGP 737bn, marking a substantial increase of EGP 175bn compared to June 2023. This impressive growth represents a 31.1% year-on-year expansion.  …

The Central Bank of Egypt (CBE) has reported a significant rise in the total financial position of banks operating in the local market—excluding the CBE itself—reaching EGP 19.336trn in the first half (H1) of 2024, compared to EGP 17.896trn in the first quarter (Q1), marking an increase of EGP 1.44trn.…