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MIDAR for Investment and Urban Development has signed a strategic partnership with Majid Al Futtaim to develop an integrated urban project within MADA City in New Cairo, with a total development value of $3.1bn.
The agreement was announced during a press conference held at the Cabinet headquarters in the New Administrative Capital and witnessed by Prime Minister Mostaf...
The Central Bank of Egypt (CBE) has issued a directive requiring banks not to grant credit facilities to customers for the purpose of financing the capital of companies under incorporation, funding capital increases, or using bank financing to support cash dividend distributions or employee share award programmes.
In a circular issued on Sunday, the CBE said the decisi...
High-stakes talks between the United States and Iran in Switzerland were thrown into uncertainty on Sunday after US President Donald Trump threatened renewed military action against Tehran, prompting the Iranian delegation to suspend its participation and leave the negotiating venue, according to Iranian media reports.
The negotiations, held near Lake Lucerne with medi...
In a pivotal step towards transforming Egypt’s digital payments infrastructure, the Central Bank of Egypt (CBE) announced the adoption of the international ISO 20022 standard across the Egyptian banking sector for SWIFT messaging in interbank financial transfers, effective 21 June 2026.
In this regard, Hassan Abdalla, Governor of the CBE, emphasised that this initiativ...
South Africa has completed technical preparations for proposed industrial and automotive cooperation protocols with Egypt, South African Minister of Trade, Industry and Competition Parks Tau said during bilateral talks in Cairo.
The expansive discussions, which included Egyptian Minister of Investment and Foreign Trade Mohamed Farid Saleh and Egypt’s Minister of Indust...