Category: Egypt

COP28: Morocco among three beneficiaries of €1 Bln Blue Mediterranean Initiative

December 4, 2023

Morocco is among the three Arab countries selected for the Blue Mediterranean Partnership which aims to support transition to a sustainable blue economy in the ... Read More

CIB Egypt lands $148 million from AfDB to support SMEs, trade

December 1, 2023

Commercial International Bank, CIB, of Egypt has secured $148 million from the African Development Bank (AfDB), in form of financial package earmarked to support Small ... Read More

Egypt to stage 3rd EDEX defense exhibition Dec. 4-7

November 28, 2023

Egypt Defense Expo (EDEX), the country’s only defense and security event that covers Africa and the Middle East is happening on December 4 and 7, ... Read More

Egypt, Bahrain sign multiple agreements to boost cooperation

November 24, 2023

Egypt and Bahrain Thursday inked 13 memorandum of understanding for bilateral cooperation and agreed on 15 initiatives, in many areas, as part of moves to ... Read More

Egypt’s Commercial International Bank gets $150m loan from EBRD to cushion against economic risks

November 20, 2023

Commercial International Bank or CIB, one of Egypt’s leading private banks, has signed up for a $150 million loan from the European Bank for Reconstruction ... Read More

Egypt to sign four deals for car manufacturing

November 9, 2023

Egypt’s Supreme Council for Vehicle Manufacturing is set to sign four partnership agreements with various companies, within a few days to manufacture automobiles in the ... Read More

Saudi Tamer Healthcare company near acquisition of 30 per cent of Egypt’s UCP

November 8, 2023

Tamer Healthcare, Saudi leading healthcare and wellness group, is close to getting 30 per cent of shares of Egyptian United Company of Pharmacists (UCP) for ... Read More

Six hundred undocumented Egyptians to be deported from Libya

November 7, 2023

Libya has begun the deportation of 600 undocumented Egyptians who sneaked illegally into the oil-rich African country used as a launch-pad for crossing the Mediterranean ... Read More

AfDB to provide $350m to Egypt before end of 2023

November 3, 2023

Abdourahmane Diaw, the African Development Bank (AfDB) country manager for Egypt, has revealed the Abidjan-based lender will provide the North African country with $350 million ... Read More

UAE poised to inject more investments in Egypt’s economy

November 2, 2023

The United Arab Emirates will pump more investments in Egypt across various development sectors, the Gulf country’s minister of Investment Mohammed Al-Suwaidy has told Egyptian ... Read More