Day: April 8, 2025

Rami Aboul Naga, Deputy Governor of the Central Bank of Egypt (CBE), confirmed that the bank is not intervening in the foreign exchange market, stating that there is currently no benefit to such intervention. “The market is responding and correcting itself naturally, which helps prevent more severe crises in the…

Manal Awad, Minister of Local Development, announced that the national initiative for community, human, and local development—Mashroo3k (Your Project)—has financed 213,313 projects with total investments reaching EGP 32.1bn since its inception in 2015. The programme has played a key role in generating approximately 1.42 million job opportunities for youth across…

Al Ahly Pharos Investment Banking, the investment arm of the National Bank of Egypt, has successfully concluded its advisory role in the first securitization issuance under the sixth bond programme for Ahli Securitization Company. The issuance, valued at EGP 881.5m, was backed by a portfolio from Al Ahly Capital for…

Cairo hosted the signing of four new healthcare cooperation agreements between Egypt and France, marking a significant step forward in the strategic partnership between the two countries. The agreements were formalized during a high-level ceremony attended by Khaled Abdel Ghaffar, Egypt’s Deputy Prime Minister and Minister of Health and Population;…

Egypt, France and the European Union (EU) have signed nine financing and grant agreements worth €262.3m to implement priority projects in Egypt’s water treatment, sanitation, renewable energy, and railway sectors. The agreements were finalised during French President Emmanuel Macron’s official state visit to Egypt and the signing of a strategic…

CAIRO, April 7 (MENA) – Egypt has signed nine financing agreements with the French Development Agency (AFD) on the sidelines of French President Emmanuel Macron’s current high-level official visit to Cairo. Valued at a total of 262.3 million euros worth of loans and grants, the agreements signed reflect the strength…

Cairo, Republic of Egypt; April 2025: Semiramis InterContinental Cairo is proud to announce that it has been officially shortlisted by Business Traveller Middle East for the prestigious title of Best Business Hotel in Egypt. This esteemed recognition reflects our unwavering commitment to excellence, bespoke service, and creating seamless, sophisticated experiences tailored to meet the…