Day: August 9, 2025

Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), has announced that the agency’s branches across various governorates are conducting a series of visits throughout August to industrial zones and production clusters. The aim, he explained, is to identify the challenges facing small investors and coordinate…

The Egyptian Commercial Service (ECS) in Moscow recently held a high-level meeting with Nonna Kagramanyan, Vice President of Business Russia, along with representatives from the association and several major Russian companies, to explore ways to enhance bilateral trade and investment. Kagramanyan underscored the strategic importance of economic relations between Egypt…

CI Capital has set a target price of EGP 152 for the shares of Talaat Moustafa Group Holding (TMG), representing a 184% upside from its current price of EGP 53.3, citing the developer’s “meticulously executed strategic transformation.” In a research note, the investment bank said its valuation reflects the value…

The Egyptian Association of Tax Experts (EATE) expects state treasury revenues to rise by at least EGP 15bn in the first year following President Abdel Fattah Al-Sisi’s ratification of Law No. 165/2025, commonly known as the Old Rent Law. Ashraf Abdel Ghany, tax accountant and founder of the EATE, said…

Ahmed Kouchouk, Minister of Finance, met with Mohamed El-Shimy, Minister of Public Enterprises Sector, at the Ministry of Finance headquarters in the New Administrative Capital for a joint meeting attended by senior officials from both ministries. The discussions came as part of the state’s broader efforts to enhance coordination and…

The Arab Monetary Fund (AMF) projects Egypt’s economy will grow by 4.2% in 2025 and accelerate to 4.7% in 2026, supported by looser monetary restrictions and increased investment activity. In its Arab Economic Outlook Report 2025, the AMF said Egypt’s transition in 2024 from a fixed exchange rate to a…

The foreign ministers of Egypt and Turkey on Saturday discussed the “humanitarian catastrophe” in Gaza and other regional crises, and agreed to work on boosting bilateral trade to $15bn, Egypt’s foreign ministry said. Egyptian Foreign Minister Badr Abdelatty  hosted his Turkish counterpart Hakan Fidan in the coastal city of Alamein…

MIDBANK has announced the provision of comprehensive credit facilities worth EGP 1bn to Raya Information Technology (Raya IT), a subsidiary of Raya Holding. For over 27 years, Raya IT has been delivering integrated IT solutions and digital transformation services to banks, corporations, and institutions across a wide range of sectors.…

Suez Canal Bank has reported a sharp rise in profitability for the first half of 2025, with net profits reaching EGP 3.1bn in June—up 71% from EGP 1.8bn a year earlier. CEO and Managing Director Akef El Maghraby said the performance was supported by a 52% jump in net interest…