The Tahya Masr (Long Live Egypt) Fund, originally initiated by President Abdel Fattah al-Sisi to support national economy, is establishing a holding company by end of next January.
According to Mohamed Ashmawy, executive director of the fund, the (...)
Societe Arabe Internationale de Banque (SAIB) will be signing its first Shariah-compliant agreement upon the Musharaka system with Egypt's Social Fund for Development (SFD) by early 2016.
According to Nevine Gamea - Head of SFD's Central Sector for (...)
The Tahya Masr (Long Live Egypt) Fund, originally initiated by President Abdel Fattah al-Sisi to support national economy, has received so far contributions and donations totalling 6 billion Egyptian pounds (US$767 million).
Mohamed Ashmawy, (...)
The total investments of Bavarian Auto Group in Egypt have reached US$ 300 million, its chairman told Amwal Al Ghad Tuesday on the sidelines of the second annual Egypt Automotive summit.
The Bavarian Auto Group is considered one of the largest (...)
Egypt is seeking to increase its production of automotives to produce million cars by 2025, the country's industry minister Tarek Qabil said Tuesday.
Qabil further said in a keynote speech at the second annual Egypt Automotive Summit kicked off (...)
Cairo and Rome have signed Thursday a protocol on cooperation that aims to help Egypt to launch its own commodities exchange.
Egyptian Minister of Supply Khaled Hanafy has signed the protocol in the presence of Andrea Zanlari - Chairman of the (...)
The National Bank of Egypt (CBE) is in talks with the Social Fund for Development (SFD) to receive EGP 90 million finance.
The finance will go for non-governmental organizations (NGOs) to lend micro-enterprises, said Saad Mohy El-Din, deputy head of (...)
The Social Fund for Development (SFD) aims at financing 500 projects through the franchise finance gateway which will be launched in the upcoming period in collaboration with the National Bank of Egypt (NBE), Industrial Development and Workers Bank (...)
Egypt's Mo'men Group is pursuing to establish 8 new branches at EGP 25 million investment costs in 2013. The 8 new branches are divided into 4 branches by the franchise system and the other 4 branches by the Group's private investments.
Mohamed (...)