The value of securitisation bonds issuance was recorded at 24.1bn in 2020 Egyptian pounds, compared to 22.1billion pounds in 2019, Mohamed Omran, Chairperson of the Financial Regulatory Authority (FRA).
Omran's remarks came during an online (...)
The volume of finances allocated for micro-sized projects has reached 18.7 billion Egyptian pounds by the end of 2020; up 13.3 percent when compared to the earlier year, according to the Financial Regulatory Authority Chairman.
Some 3.2 million (...)
EFG Hermes Finance, part of Egyptian investment bank EFG Hermes, plans to complete its anticipated takeover of Tokio Marine Egypt Family Takaful within the second quarter of the year, its chief executive said on Monday.
EFG Hermes Finance seeks to (...)
Egypt's mortgage finance activity recently rose to 11.5 billion Egyptian pounds ($711.7 million) from 500 million pounds in 2009, chairman of Financial Regulatory Authority (FRA) said on Tuesday.
"Microfinance activity (in Egypt) increased to around (...)
Egypt's accumulated microfinance activity has increased over the first quarter (Q1) of 2018 to register 8.5 billion Egyptian Pounds, Mohamed Omran, Chairman of the Egyptian Financial Supervisory Authority (EFSA) said.
He made these comments on the (...)
Egypt and Romania will form a working group for bilateral cooperation in the micro, SMEs field according to the Minister of Industry and Trade Tare Qabil announced.
"The group of experts will work on exchanging know-hows and technical expertise for (...)
Egypt's investment minister Sahar Nasr and Kuwait's Alshaya Group were in talks over implementing the Avenues Mall in Egypt.
The recent procedures approved by the Egyptian government have encouraged the Kuwaiti company to increase its investments in (...)
The Bahraini-based First Equity Partners Group has invested more than US$ one billion in the Egyptian market within the last four years, Omar El Maghawry -Deputy CEO- said Monday.
FEP Group, the investment bank that provides advisory services in (...)
Egyptian ministry of transport targets announcing a bunch of new projects estimated at 100 billion Egyptian pounds (US$12.4billion) during fiscal year 2015-16, Minister Saad el Gioushi stated Monday.
All details about the new projects will be (...)
The Egyptian-based company Arabian Cement (ARCC.CA)'s current investments in Egypt stand at around US$600 million, CEO Jose Maria Magrina said Thursday.
ACC's investments encompass its cement factory in addition to its affiliates Andalus Ready Mix (...)
The total revenues of Misr Insurance Holding Company (MIHC)'s affiliates hit 7 billion Egyptian pounds (US$10.7 billion) at the end of June 2015, CEO Mohamed Youssef said Saturday. In comparison, affiliates' total revenues had reached 6.5 billion (...)
Egypt and Macedonia are planning to activate joint deals related to the avoidance of double taxation amid plans to boost volume of mutual trade cooperation.
Ashraf Salman - Egyptian Investment Minister – and Bill Pavleski - Macedonian Minister in (...)
Egyptian Union for Investors Associations is to form a committee to discuss planned investment projects in Suez Canal Axis Development area, head Mohamed Farid Khamis said Monday.
The committee will make the executive steps in such projects within (...)
Egypt-based HC Securities & Investment targets launching direct investment fund with capital worth US$ 100 million at the end of 2015, Mohamed Metwally - Deputy CEO- clarified on Monday.
Metwally told Amwal Al Ghad that the new fund comes among (...)
Egypt-based HC Securities & Investment targets launching direct investment fund with capital of US$ 100 million within the final quarter of 2015, Mohamed Metwally - Deputy CEO- clarified on Thursday.
Metwally told Amwal Al Ghad that the new fund (...)
Egypt's Holding Company for Metallurgical Industries has pumped EGP18 billion investments (US$2 billion) through ten years to upgrade 12 affiliated firms, Zaki Basyouni - Chairman- said on Thursday.
The chairman made these remarks on the sidelines (...)
Egyptian Cabinet targets signing final agreements of 7 Memorandums of Understanding (MoUs) in real estate sector within the upcoming two weeks, Ashraf Salman - Minister of Investment- told Amwal Al Ghad on Wednesday.
The 7 MoUs was signed during (...)
Egyptian Financial Supervisory Authority (EFSA) revealed that the total insurance premiums value reached EGP14 billion in the last year, noting that the surplus premium of insurance sector was EGP1.6 billion in last December, Sherif Samy, Chairman (...)
The Italian ambassador in Cairo, Maurizio Massari said Italian Business Mission will visit Egypt by the end of the current month and it is schedule to include 100 firms working in infrastructure, renewable energy, Agriculture equipment, food (...)
The Saudi Egyptian Businessmen Association (SEBA) will announce a new project to build an industrial complex with investment cost EGP 500 million (US$ 68.4 million), Secretary General said.
According to SEBA's official Ahmed Sabry Darwish, the new (...)
Egypt's largest ceramics maker Cleopatra Group intends to launch a mall in 6th of October City worth 1 billion Egyptian pounds (US$139.8 million) by mid-2016, chairman Mohamed Abou el-Enein announced.
Speaking to Amwal Al Ghad on Wednesday, (...)
Egypt's total volume of investments in automotive sector is estimated at US$2 billion, said investment minister Ashraf Salman.
"There are around 556 companies working in car assembly and feeding industries, generating total sales of EGP 40 billion." (...)
Egyptian Investment Minister Ashraf Salman revealed that the government received requests from 175 global and local firms in the term of 4000 MW that rolled out by the government in the field of renewable energy.
The Minister stressed on the (...)
The total tax revenues collected from the trade chambers reached EGP 14 billion, said the general secretary of the Federation of Egyptian Chambers of Commerce (EFCC), Alaa Ezz Amin.
The collected tax revenues testify to the successful partnership (...)
Egyptian Investment Minister Ashraf Salman revealed that his Ministry is seeking to settle 80% from the defaulted investments inside the Egyptian market before the hold of Egypt's Economic Summit within next March.
In a conference of 16th Arab (...)