العربية

Day: June 2, 2025

Egypt’s economic reset: Signs of stabilization and a path forward

Simon Williams, HSBC’s Chief Economist for Central & Eastern Europe, the Middle East and Africa (CEEMEA), and Helen Belopolsky, HSBC’s Global Head of Geopolitical Risk, recently shared their outlook on Egypt’s economic trajectory at an exclusive client event held at HSBC Egypt’s Head Office in Cairo. Addressing an audience of…

Public Enterprises Ministry launches overhaul plan to modernize affiliated companies: El-Shimy

Minister of Public Enterprises Sector Mohamed El-Shimy has announced the implementation of a comprehensive modernization plan for companies affiliated with the ministry. The plan centers on digital transformation, technology localization, and advancing Egypt’s industrial self-reliance by integrating smart manufacturing solutions and forging practical partnerships. El-Shimy made the announcement during a…

Egypt reaffirms ban on industrial projects on farmland, in residential areas

In a continued effort to boost industrial development while preserving vital resources, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir held a meeting with investors in Beheira to address challenges facing the region’s industrial zones and explore practical solutions. During the meeting, officials reviewed…

KOICA, GOEIC sign $11 m agreement to enhance Egypt trade facilitation

The Korea International Cooperation Agency (KOICA) and Egypt’s General Organization of Export and Import Control (GOEIC) on Monday signed an $11m agreement to establish a digital platform aimed at enhancing trade facilitation in Egypt. The Record of Discussion (ROD) was signed in Cairo for the project, titled “Establishment of the…

FABMISR leads EGP 4.2bn loan for Redcon’s Golden Gate project in Egypt

First Abu Dhabi Bank Misr (FABMISR) is leading an EGP 4.2bn syndicated loan for Redcon Properties to finance its “Golden Gate” commercial and administrative project in New Cairo, the bank announced on Monday. FABMISR was initial mandated lead arranger, bookrunner, facility agent, security agent, and account bank. The syndicate includes…