News

The Chief Executive Officer of the General Authority for Investment and Free Zones (GAFI), Mohamed El-Gawsaky, has received a delegation from DrasChem Specialty Chemicals, a Private Free Zone company, to discuss the steps required to establish the company’s sodium cyanide production facility at the Sidi Kerir Petrochemicals Complex in Alexandria.…

Banque Misr has signed a medium-term loan agreement with MARAKEZ, one of Egypt’s leading mixed-use real estate developers, providing a credit facility of up to EGP 3bn to support the company’s operations and enhance overall operational efficiency. The agreement was signed by Hisham Okasha, CEO of Banque Misr, and Ahmed…

The Commercial International Bank Egypt (CIB) has signed a financing and partnership agreement to support Elsewedy Electric Power Systems Projects (PSP) in the execution of a combined-cycle power plant in Hungary, providing financing worth €58m (around $62.9m). The project is the largest combined-cycle power generation development in Hungary in decades…

Egypt launched its first national “Startup Charter” on Saturday, seeking to mobilise $1bn in financing over five years and create approximately 500,000 direct and indirect job opportunities. The charter, unveiled by Prime Minister Mostafa Madbouly and Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat, represents a strategic roadmap…

Mohamed El-Gawsaky, CEO of the General Authority for Investment and Free Zones (GAFI), said Egypt offers a strong and stable investment environment, supported by comprehensive economic reforms and clear policies aimed at streamlining procedures, reducing costs, enhancing transparency and facilitating access to European, African and Middle Eastern markets. El-Gawsaky said…

Hassan Abdalla, Governor of the Central Bank of Egypt, met with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), to discuss the progress of Egypt’s economic reform programme and the country’s latest macroeconomic indicators. The meeting took place on the sidelines of the 10th Arab Public Finance Forum…