News

The Egyptian Senate discussed during its plenary session on Sunday a report on a government-proposed bill to amend certain provisions of Law #196 of 2008 concerning the tax on built properties. The Chairman of the Senate’s Committee on Financial, Economic, and Investment Affairs, Representative Ahmed Abu-Hashima, presented the committee’s report.…

Algeria’s Condor Group has officially launched its brand in the Egyptian market, marking a new phase in its regional expansion strategy focused on investment, partnerships, and local manufacturing, rather than exports alone. The announcement was made during a high-level event attended by Algerian parliamentary and diplomatic officials, alongside industry stakeholders,…

Silver prices in Egypt declined by 4.6% last week, tracking a sharp global downturn of nearly 9% per ounce, according to a report by Safe Haven Hub. The sell-off followed a decision by the Chicago Mercantile Exchange (CME) to raise trading margins on precious metals contracts, prompting heavy liquidation in…

The Universal Health Insurance Authority (UHIA) held its 100th board meeting, during which members approved a series of regulatory, financial, and technical measures aimed at strengthening institutional governance, improving operational efficiency, and ensuring the long-term sustainability of Egypt’s health insurance system. At the meeting, the board reviewed and approved the…

Al Ahly Pharos, the investment banking arm of the National Bank of Egypt, successfully acted as financial advisor, transaction lead arranger, underwriter, and book-runner for Capital Securitization Company’s fourth securitization issuance of the 12th program, valued at EGP 3.52bn. The issuance is secured by a portfolio worth EGP 4.27bn assigned…