First Independent Mena Newspaper
The UAE International Investors Council and the Egyptian-Emirati Business Council have signed a Memorandum of Understanding (MoU) to enhance cooperation and the existing investment partnerships. The deal aims to increase investment opportunities in the new economy, green projects, recycling, clean projects, the technology sector, and new digital technologies. It also provides for exchanging expertise as […]
The African Development Bank Group, AfDB, has greenlighted a partial credit guarantee of $345 million to Egypt for the financing of green and social projects, reports say. Egypt expects to use the credit guarantee to raise the equivalent of $500 million in the Chinese Yuan denominated Panda Bond market, issued by foreign borrowers, Egypt Today […]
The Central Bank of Egypt (CBE) has handpicked Barclays Bank as an international sell-side advisor for the sale of its 99% stake in the state-owned United Bank, Egypt Today reports. Barclays will work alongside local financial advisor, CI Capital, the media also notes. United Bank is one of the 32 state-owned companies the Egyptian government […]
Moroccan foreign minister Nasser Bourita is taking part in the preparatory meetings for the 32nd Arab Summit due in Jeddah on May 19. The summit comes amid ongoing Sudan crisis, the Israeli-Palestinian conflict, continuing tension between Morocco and Algeria over the Sahara issue, Syria’s return to the Pan-Arab organization, the Iranian and Turkish interferences in […]
Egypt’s Health ministry and GlaxoSmithKline plc (GSK), a British multinational pharmaceutical and biotechnology company, have signed an agreement to improve health in the Arab country. The agreement encompasses several key areas, including increased public awareness campaigns and specialized training for professionals in the field of child and elderly immunizations, the ministry’s official spokesman Hossam Abdel-Ghaffar […]
Air Serbia, Serbia’s national carrier, resumed last Monday direct flights between Belgrade and Cairo following three years of suspension owing to the COVID-19 pandemic. Egypt’s Ministry of Tourism and Antiquities made the announcement Tuesday, Ahram Online reports. “Egypt’s rich culture and history attract tourists from all over the world, and its climate makes it an […]
Six African leaders plan to spearhead and facilitate what they hope could be the beginning of peace talks between Moscow and Kyiv more than one year after Russia’s invasion of Ukraine. South African President Cyril Ramaphosa announced on Tuesday (16 May) that Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy had agreed to meet […]
Egypt’s Financial Regulatory Authority’s (FRA) has launched the country’s first gold investment and first ever minerals investment Fund. The fund is part of the FRA’s plans to support the government’s efforts to boost financial and investment inclusion and develop an inclusive non-banking financial sector with a catalytic role in enhancing the economy, Arab Finance reports. […]
Egypt’s Health Minister Khaled Abdel Ghaffar and his Portuguese counterpart Manuel Pizarro signed Thursday a cooperation protocol to upgrade health and pharmaceutical sectors, Egypt Independent reports. There are no details about the agreement but Ghaffar reportedly indicated that the visit of his Portuguese counterpart and his delegation aims at deepening the partnership and cooperation in […]
The Egyptian government Wednesday approved temporarily a draft decree exempting travelers who bring gold from customs duties and other fees except value-added tax (VAT), reports say. The draft is applicable to semi-manufactured gold, gold prepared for currency-trade, and jewelry parts made or coated with a layer of precious metals. It is however unclear how much […]