Egypt’s FRA launches violators list for non banking financial activities
Egypt’s Egyptian Financial Supervisory Authority (FRA) introduced on Friday a new system classifying companies and…
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Egypt appoints FRA chairman Islam Azzam to GAFI board
Egyptian Prime Minister Moustafa Madbouly has appointed Financial Regulatory Authority (FRA) Chairman Islam Azzam…
Egypt taps Islam Azzam to lead Financial Regulatory Authority
Egypt’s President Abdel Fattah El-Sisi has appointed Islam Azzam as acting chairman of the Financial Regulatory…
Egypt’s MSMEDA, Suez Canal Bank ink EGP500m deal for industrial, export projects
Egypt’s Micro, Small and Medium Enterprise Development Agency (MSMEDA) signed a 500 million Egyptian pound…
Egypt’s second tax package to ease compliance for businesses – minister
Egypt’s Finance Minister Ahmed Kouchouk said on Thursday that a second package of tax facilitation measures will…
Egypt’s government reviews strategic petroleum reserves, sector payments
Egypt's Prime Minister, Moustafa Madbouly, held a meeting on Sunday to review the availability of Egypt’s strategic…
Egypt seeks expanded AIIB investment portfolio as private investments rise 73% –…
Egypt is seeking a broader and more diversified investment portfolio with the Asian Infrastructure Investment Bank…
EU passes 19th sanctions package, cracks down on Russia’s oil fleet
The European Commission on Thursday announced the European Union’s 19th package of sanctions against Russia, in one…
Egypt eyes deeper investment ties with South Korea, says FinMin
Egypt is seeking to expand global partnerships to attract private investment, with South Korea seen as a model for…
Egypt’s investment, finance ministers showcase reforms to boost private sector, FDI
Egypt’s Investment and Foreign Trade Minister Hassan El-Khatib and Finance Minister Ahmed Kouchouk met with private…
Egypt doubles export rebate allocations – PM
Egypt has doubled allocations for its export subsidy rebate programme this year as part of efforts to stimulate…
Egypt moves to ease vehicle imports for people with disabilities
Egypt’s Health Minister Khaled Abdel Ghaffar convened a ministerial meeting on Wednesday to streamline procedures…
Egypt tops Africa in FDI inflows – GAFI’s CEO
Egypt’s General Authority for Investment and Free Zones (GAFI) CEO Hossam Heiba highlighted Egypt’s success in…
Egypt signs MoUs with UAE firm IRH to boost mining, petroleum cooperation
Egypt’s petroleum and mineral resources sector signed two memoranda of understanding (MoUs) with UAE-based…
Egypt approves €12m EU grant for population strategy
Egypt’s President Abdel Fattah El-Sisi approved Presidential Decree No. 131 of 2025 endorsing a financing agreement…
Egypt signs agreement with AAMBFS to boost training in public enterprises
Egypt’s Ministry of Public Business Sector signed a cooperation protocol with the Arab Academy for Management,…
Microsoft to invest $400m in Swiss AI, cloud infrastructure
Microsoft said it will invest $400 million in Switzerland to expand its cloud computing and artificial intelligence…
Egypt’s El-Khatib discusses investment, trade with Bahrain
Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib attended the Egyptian-Bahraini Joint…
TTEC expands operations in Egypt with new headquarters
Egypt’s Minister of Communications and Information Technology, Amr Talaat, officially inaugurated the new…
S. Africa economy grows in Q2 ’24
South Africa's economy grew by 0.4 per cent in the second quarter of 2024, driven by key sectors such as finance,…
Egypt industry: Gov. tackles industry issues
The government is actively addressing the concerns of key industrial sectors, with a focus on the ceramic and…
EU sanctions against Russia renewed for 6-m period
The Council of the EU renewed its restrictive measures against Russia for an additional six months, now valid until…
Australian business maintains decline in June – NAB
Australia's business conditions continued to decline in June, maintaining a trend that began in late 2022,…
EU expands economic sanctions against Russia
The Council of the European Union announced on Monday a significant expansion of economic sanctions against Russia,…
Japan-Saudi business forum held despite Prince’s absence
Japan and Saudi Arabia convened a bilateral business forum in Tokyo, focusing on enhanced collaboration in energy…
ECB urges new regulations for AI in finance
The European Central Bank (ECB) is calling for a close watch on the use of artificial intelligence (AI) in finance.…
Choose France Summit to draw €15b in foreign investment
The annual ‘Choose France’ summit, aimed at attracting foreign investment, is set to bring in 15 billion euros…
S. Africa’s unemployment rate surges to 32.1%
South Africa’s unemployment rate rose by 2 per cent to stand at 32.1 per cent in the fourth quarter of 2023 from…
Tokyo launches climate transition bonds, 1st time globally
For the first time globally, Japan held an auction for sovereign climate transition bonds on Wednesday. However,…
ACC secures major financing for three gigafactories
ACC, a European auto battery manufacturer co-owned by Stellantis, Mercedes, and TotalEnergies, announced on Monday…
Egypt mulls issuing bonds in UAE, India currencies
The Egyptian government is considering issuing bonds in Emirati dirhams, Indian rupees, and Hong Kong dollars for…
Egypt signs protocol with CIB to finance low-income housing
The Egyptian Social Housing Fund and the Commercial International Bank (CIB) signed a new protocol to enhance…
Egypt’s NBE injects $518.6mn among CBE’s mortgage initiative
Egyptian largest state-owned lender, National Bank of Egypt (NBE) says it has pumped 8.2 billion Egyptian pounds ($…
New U.S. sanctions won’t hurt Russian financial system: minister
Additional U.S. sanctions damage bilateral ties between Moscow and Washington but Russia’s financial system is…
G20 finance chiefs to say trade row intensified, differ on how ” pressing”
G20 sources say the Group of 20 finance leaders will say in an official communique from Japan that trade and…
G7 finance chiefs kick trade dispute to leaders’ summit in Quebec
Finance leaders of the closest U.S. allies vented anger over the Trump administration’s metal import tariffs on…
World Bank to cease financing upstream oil and gas flagships after 2019
The World Bank will no longer finance upstream oil and gas projects after 2019, apart from certain gas projects in…
Egypt, Kuwait sign $57mn deals to fund North Sinai development flagships
Egypt's Investment and International Cooperation Minister Sahar Nasr signed Monday two agreements of 17.5 million…
UAE asks banks for information on 19 Saudis’ accounts: sources
The United Arab Emirates Central Bank and securities regulator have asked banks and finance companies in the UAE…
Uber’s finance head leaves, company’s quarterly loss narrows
Uber Technologies Inc said its head of finance is leaving, and the privately held ride-hailing company also said…