Day: September 2, 2025

Egypt is planning to establish its first geopark in the Fayoum region and is expanding its cooperation with UNESCO on biodiversity and environmental protection, the environment ministry said. The plans were discussed in a Tuesday meeting between Minister of Local Development and Acting Minister of Environment, Manal Awad, and Nuria…

Egypt ranked ninth globally and first in Africa among the world’s top investment destinations, attracting net inflows of $46.1bn in the 2023/2024 fiscal year, the head of the country’s investment authority said on Tuesday. Speaking at the Egypt–Bahrain Business Forum, Hossam Heiba, CEO of the General Authority for Investment and…

South Korea’s ambassador to Egypt said on Tuesday that the two countries are celebrating 30 years of diplomatic relations, adding that the partnership has “reached a mature stage” and that the next phase will be guided by a vision called R.I.S.E-EKO, focused on renewal, innovation, synergy and excellence in bilateral…

Egypt will launch its “National Narrative for Economic Development” on Sunday, a comprehensive framework that will be put forward for public dialogue over the next two months, the cabinet said on Tuesday. Minister of Planning, Economic Development and International Cooperation, Rania Al-Mashat, presented the main points of the narrative, titled…

Egypt has begun activating a $7.5bn Qatari direct investment package, Prime Minister Mostafa Madbouly said on Tuesday, following a recent meeting with his Qatari counterpart. Speaking at the Cabinet’s weekly meeting, Madbouly said he had discussed strengthening bilateral relations, particularly in economic and trade cooperation, with Qatari Prime Minister Mohammed…

CI Capital (CICH.CA), Egypt’s leading diversified financial services group, announced the successful completion of a securitized bond issuance worth EGP 1.2985 billion for El Taamir Securitization, with Al-Tameer Leasing and Factoring Company (Al Oula) acting as the originator and assignor of the portfolio. The issuance was structured in three tranches:…