Egypt temporarily lists 6 state-owned firms on EGX under IPO programme

Egypt has temporarily listed six state-owned companies on the Egyptian Exchange (EGX), a move aimed at accelerating the government’s initial public offering (IPO) programme and increasing private sector participation in the economy. The listings include two subsidiaries of the Chemical Industries Holding Company: El Nahda Industries Company – El Nahda…

CBE bars credit facilities for unregistered entities

The Central Bank of Egypt (CBE) has instructed banks not to grant or renew credit facilities to non-banking credit providers unless they are officially registered, assigned a CBE code, and recorded on its information network as well as with the Egyptian Credit Bureau. In a circular addressed to banks, the…

Government addresses challenges with clarity, decisiveness: Minister of Planning

Ahmed Rostom, Minister of Planning and Economic Development, met with Chitose Noguchi, Resident Representative of the United Nations Development Programme in Egypt, to explore opportunities for joint cooperation in energy, digital transformation, and data systems development in support of sustainable development. The meeting reviewed the Egyptian government’s efforts, led by…

Housing Minister meets MPs to discuss citizens’ demands, development priorities

Egypt’s Minister of Housing, Utilities and Urban Communities, Randa El-Menshawy, met with members of the House of Representatives to review citizens’ demands and discuss key development files, joined by senior ministry officials and affiliated executive bodies. The meeting reflects ongoing coordination between the executive and legislative branches, aimed at improving…