PM Madbouly announces tiered cash-based social protection system for Egypt

Egypt is developing a unified, integrated cash-based social protection programme that categorises beneficiaries into tiers based on income, allowing for dynamic movement into and out of the system as living conditions change, Prime Minister Mostafa Madbouly said on Monday. The proposed system aims to provide “necessary protection” to targeted and…

GlobalCorp secures Egypt’s largest mortgage securitization at EGP 3.31bn

Ollin Mortgage Finance, a subsidiary of GlobalCorp, has finalized its second mortgage securitization bond issuance worth EGP 3.31bn, following approval from the Financial Regulatory Authority (FRA). The issuance was executed under the company’s third securitization program and structured across three tranches to appeal to diverse investor segments. The first tranche…

Egypt, Rwanda explore joint water projects, capacity building

Egypt and Rwanda discussed expanding cooperation in water resources, including rainwater harvesting projects, groundwater exploration and technical capacity building, during the second meeting of the joint steering committee overseeing bilateral water cooperation. In a statement, Egypt’s Ministry of Water Resources and Irrigation said Minister Hani Sewilam received the Rwandan delegation…

IMKAN Misr Signs MoU with AASTMT to Allocate 45 Feddans within Alburouj

IMKAN Misr announced the signing of a Memorandum of Understanding with the Arab Academy for Science, Technology and Maritime Transport to allocate 45 feddans within Alburouj in New Heliopolis for the establishment of a new campus for the Academy, reflecting both parties’ commitment to supporting the education sector and strengthening…