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El Sisi launches “A Decent Life” initiative
President Abdel Fattah El Sisi launched yesterday a new initiative, dubbed “A Decent Life,” to improve living conditions for the…
development
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NAT to sign USD 1.2 bn loan agreement with China Exim for electric rail line
The National Authority for Tunnels (NAT) will sign before mid-January a USD 1.2 bn low-interest loan agreement with the Export-Import…
What we’re tracking this week and beyond
An administrative court will hear on Saturday Beltone Financial’s appeal against a six-month suspension handed to its investment banking arm…
Egypt to receive the fifth tranche of IMF facility this month
Egypt to receive the fifth tranche of IMF facility this month: The country will receive the next USD 2 bn…
SMEs Authority in talks with Banque Misr for EGP 500 mn for new projects
The SMEs Development Authority is in talks with Banque Misr to receive a EGP 500 mn loan to offer financing…
Honeywell to develop USD 31 mn-worth of security systems in Egypt’s new capital
The New Administrative Capital Company for Urban Development (NACCUD) has awarded US-based Honeywell contracts to develop USD 31 mn-worth of…
Egypt SMEs to get sharper teeth to bid for tenders under new legislation
LEGISLATION WATCH- SMEs to get leg up in public tenders: SMEs will get priority treatment and a 20% quota of…
Egypt’s IDB grants EGP 50 mn to Tamweely for MSMEs
The Industrial Development Bank (IDB) has signed a EGP 50 mn agreement with microfinance company Tamweely to provide financing for…
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