Day: December 25, 2024

Egypt requires approximately 450,000 new housing units each year to accommodate the growing demand driven by population growth, according to Minister of Housing, Utilities, and Urban Communities Sherif El-Sherbiny. During a recent meeting with representatives from the Coordination Committee of Party’s Youth Leaders and Politicians, El-Sherbiny discussed the ministry’s ongoing…

Beltone Holding has announced that its Board of Directors has approved a capital increase of EGP 10.75bn, marking a key step in the company’s expansion and growth strategy. This decision follows the success of last year’s EGP 10bn capital raise and reflects Beltone’s ongoing commitment to strengthening its market position.…

The Commercial International Bank—Egypt (CIB), acting as the lead arranger and financier, has successfully arranged a syndicated loan worth EGP 9bn for Madinet Masr Housing and Development Company, a key player in Egypt’s real estate sector. This loan, which spans seven-and-a-half years, is designed to partially finance new phases of…

In line with Egypt’s ongoing commitment to supporting African nations, particularly in the economic and banking sectors, the Central Bank of Egypt (CBE) recently organized a virtual seminar titled “Effective Supervision: Building Supervisory Frameworks and Risk Management.” The two-day seminar brought together 110 participants from various African central banks to…

Egyptian President Abdel Fattah Al-Sisi has emphasized the importance of ongoing reforms to modernize the country’s educational system, aiming to enhance the quality of both the educational process and its key components—students, teachers, and digital infrastructure. The directive was issued during a meeting on Wednesday with Prime Minister Mostafa Madbouly…

Egypt’s Prime Minister Mostafa Madbouly chaired the weekly government meeting on Wednesday in the New Administrative Capital, where key economic updates and initiatives were discussed. Among the highlights, the Prime Minister announced that Egypt has reached staff-level agreement on its fourth review with the International Monetary Fund (IMF) for a…

If you’re looking for a destination that redefines luxury through bold design and innovative spaces, ME Dubai is where your search ends. Located in The Opus—the only hotel in the world designed by the legendary Zaha Hadid—this property is more than a place to stay; it’s a powerful experience. Known…

Beltone Holding announces that its Board of Directors has approved to proceed with all legal and regulatory procedures to increase the Company’s capital with an amount of EGP10.75 billion. This decision comes after the successful capital increase of EGP10 billion last year The Board of Directors’ approval supports the Company’s…