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Drive Finance, a subsidiary of GB Capital and the non-bank financial services arm of GB Corp, has completed an EGP 1.5bn bond issuance with a maturity of 13 months, the company announced. The issuance is a key pillar of Drive Finance’s strategy to diversify its funding sources, strengthen its capital structure and sustain expansion across […]
Egypt’s Minister of Communications and Information Technology Raafat Hendy delivered Egypt’s address to the plenary session of the International Telecommunication Union’s Plenipotentiary Conference (PP-26) in Doha, where he announced that Egypt is renewing its candidacy for a seat on the ITU Council representing Africa. Hendy spoke in the presence of ITU Secretary-General Doreen Bogdan-Martin, alongside […]
Two ministers and the governor of Cairo on Monday opened the capital’s first shelter for stray dogs, a 5,000 sq m site east of the Autostrad road in El Tebbin, south of the city. Manal Awad, minister of local development and environment, Agriculture Minister Alaa Farouk and Cairo Governor Ibrahim Saber toured the facility alongside […]
Mohamed Abou Bakr, Chairperson of the Arab Organization for Industrialization (AOI), received Gildas Agonkan, Minister Delegate to the President of Benin in charge of National Defence, and his accompanying delegation to discuss ways to strengthen bilateral cooperation and leverage the AOI’s advanced industrial capabilities to meet Benin’s needs in development projects, defence and security industries, […]
Egypt’s Ministry of Tourism and Antiquities is using augmented reality (AR) and artificial intelligence (AI) to recreate the fifth-century architecture and spiritual heritage of the historic Abu Mena archaeological site and Saint Mina Monastery in Alexandria. During a meeting chaired by Minister of Tourism and Antiquities Sherif Fathy, ministry officials met with a delegation led […]
Egypt’s Minister of Investment and Foreign Trade Mohamed Farid met executives from France’s Salins Group at the ministry’s headquarters in Cairo to discuss the company’s plans to expand its business in Egypt. Farid met Benjamin Duchesne, general manager of Marine Salt Trading Cie, a Salins Group subsidiary, and export manager Gaëlle Doussard, in the presence […]
Mahmoud Esmat, Minister of Electricity and Renewable Energy, met with a delegation from Advanced Engineering Consultants (ADVEC), a company specialising in energy management, renewable energy integration and electricity grid solutions, headed by CEO Ahmed Salam. The meeting was attended by Ali Abdel Fattah, Chairperson of the Egyptian Electric Utility and Consumer Protection Regulatory Agency (EgyptERA). […]
Minister of Investment and Foreign Trade Mohamed Farid met with Adeeb Yousuf Al-Aama, CEO of the International Islamic Trade Finance Corporation (ITFC), and an accompanying delegation to discuss ways to strengthen cooperation in export financing, start-up support, investment zone development, and the use of technology and artificial intelligence to promote foreign trade. The meeting formed […]
Egyptian Prime Minister Mostafa Madbouly met ministers and officials on Monday to review progress on overhauling Egypt’s scheme for settling certain building violations and legalising the properties concerned, following instructions issued by President Abdel Fattah al-Sisi at the Egypt Forum 2026. The meeting was attended by Manal Awad, minister of local development and environment; Alaa […]
Egyptian President Abdel Fattah Al-Sisi on Monday called for sustained efforts to bring down inflation and public debt, increase foreign currency inflows and maintain sufficient foreign exchange reserves to cover the country’s strategic import needs. Al-Sisi issued the directives during separate meetings with Prime Minister Mostafa Madbouly, Central Bank of Egypt (CBE) Governor Hassan Abdalla […]