As the international climate community prepares for COP27 in Sharm el-Sheikh, Egypt, new analysis shows just how far off their host continent is in terms of attracting the finance it …
Egypt
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EBRD supports green economy in Egypt with a $100M loan for SMEs
The European Bank for Reconstruction and Development (EBRD) has supported the green economy in Egypt with a $100m loan to Banque Misr for on-lending to local small and medium-sized enterprises (SMEs). This …
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valU, PayTabs Egypt partners with notchnco to unlock WhatsApp shopping experience
valU, a subsidiary of EFG Hermes Holding (HRHO), and PayTabs Egypt has entered into a strategic partnership with notchnco to unlock an outstanding WhatsApp shopping experience for valU’s clients. Through this collaboration, …
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Egypt Prepares for Flagship United Nations (UN) Climate Conference
Regional authorities in Egypt, the host country of the 2022 UN climate conference (COP27), are ramping up initiatives designed to improve the country’s environmental credentials, and speed up its transition …
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Egypt set to resume government IPO program
The Egyptian government is preparing to relaunch the initial public offerings (IPOs) program to offer state-owned companies on the Egyptian Exchange (EGX) said Minister of Finance Mohamed Maait. This announcement …
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Saudi firm to build $3.5B green ammonia facility in Egypt
A Saudi company, Alfanar has signed an agreement with a consortium of Egyptian companies to build a $3.5 billion green ammonia plant plant in Egypt. The Egyptian side of the …
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Egypt seeks to issue $500M in Chinese bond, $1.5-$2B in sovereign sukuk
Egypt is looking forward to issuing bonds in Chinese yuan – Panda worth more than $500 million, Minister of Finance, Mohamed Maait, stated Monday. On the sidelines of a conference …
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Electronic issuance of receipts becomes mandatory in Egypt
Electronic issuance of receipts in Egypt has become compulsory as the Minister of Finance sets deadline for all firms operating in Egypt to join the e-receipt system. According to Minister …
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Egyptian cotton exports hit 60K tons valued at $380M in 2021
Manager of Cotton Improvement Fund Adel Abdel Azim disclosed Monday that Egyptian cotton exports amounted to 60,000 tons valued at $380 million in 2021. Egypt exports 90 percent of its …
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All fleet trucks serving Lafarge Egypt to run on natural gas in new partnership with Ostool
Lafarge Egypt, a member of Holcim Group, has entered into a partnership with Ostool for Land Transportation, a subsidiary of Raya Holding for Financial Investments (RAYA), to convert all fleet trucks serving …