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" finance"

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Business - Economy
12/19/2022 3:25:39 PM
The Ready-Made Garment Chamber of the Federation of Egyptian Industries announced on Monday the signing of a cooperation protocol with the International Finance Corporation (IFC), a finance arm of the World Bank Group, that aims to develop Egypt’s technical and specialized textile supply chain.

COP27 - Climate change
12/17/2022 3:16:35 PM
Egypt’s launch of the first voluntary carbon market in Africa during the recent UN Climate Change Conference (COP27) in Sharm El-Sheikh has shed light on how both the government and the private sector can contribute to financing emission reductions, especially in agriculture.

Egypt - Society
12/9/2022 7:38:07 PM
Minister of Finance Mohamed Maait announced on Thursday extending the registration deadline for a new Egyptian Tax Authority (ETA) electronic invoice system -- initially scheduled for 15 December -- until 30 April 2023.

Business - Economy
12/5/2022 3:34:24 PM
Egypt hopes to receive in December the first tranche, worth $750 million, of the $3 billion loan from the International Monetary Fund (IMF), Minister of Finance Mohamed Maait said in statements to Alsharq Bloomberg on Sunday.

Business - Economy
12/1/2022 12:11:03 PM
The International Finance Corporation (IFC), a financing arm of the World Bank Group, alongside UAE, Japanese, Dutch, and private sector commercial banking partners, announced on Wednesday a $1.1 billion financing package for Egypt, including debt and equity.

Business - Markets & Companies
11/30/2022 6:27:28 PM
Digital transformation is no longer an option for the “consumer credit” industry. It has become a necessity due to the current shifts to reduce costs, enhance competitiveness between companies, and improve efficiency, said Ahmed Osama, managing director of Drive Finance.

Business - Markets & Companies
11/30/2022 2:34:13 PM
The global inflationary wave and its severe repercussions on the prices of commodities and services in the Egyptian market are the main challenges Fawry and other e-payment and digital finance solutions companies have been facing since the onset of the Russia-Ukraine conflict, Fawry CEO Ashraf Sabry said.

Egypt - Society
11/29/2022 3:32:04 PM
Egyptian Minister of Finance Mohammed Maait said on Tuesday that 30,000 Egyptian expatriates have registered over the past two weeks on the Egyptians Expats Cars app, which will allow them to apply to import cars for personal use without paying customs.

Business - Economy
11/23/2022 9:20:42 PM
Egypt’s Country Platform for the Nexus of Water, Food and Energy (NWFE) aims to mobilise climate finance and private investments from multiple international financing institutions to accelerate the national climate agenda and support the country's green transition.

Egypt - Politics
11/23/2022 4:33:31 PM
Egypt's House of Representatives approved on Tuesday a $6 billion loan agreement with the International Islamic Trade Finance Corporation to help the country meets it basic food commodity needs of imported wheat, fuel products, and petroleum derivatives.

Al-Ahram Weekly - COP27
11/22/2022 8:51:31 PM
With the conclusion of the UN COP27 in Sharm El-Sheikh, it now remains for countries across the world to abide by their pledges to help save the planet, writes Sawsan Samy Elawady

Al-Ahram Weekly - COP27
11/22/2022 8:42:58 PM
African Development Bank President Akinwumi Adesina explains the importance of the UN COP27 Climate Conference for Africa and the continent’s urgent financing needs to Doaa A. Moneim

Business - Energy
11/22/2022 2:35:37 PM
Germany will have to take on more debt than expected in 2023 to combat an energy crisis that has left Europe's biggest economy facing "great economic uncertainty", Finance Minister Christian Lindner said Tuesday.

Business - Economy
11/21/2022 2:42:04 PM
The Central Bank of Egypt (CBE) issued on Monday a circular to banks operating in the Egyptian market announcing they will no longer manage low-interest rate initiatives issued by the bank across several sectors in the country, handing off the responsibility to the Ministry of Finance

Business - Economy
11/21/2022 1:03:00 PM
The Board of Directors of the European Investment Bank (EIB) has approved financing worth €10.9 billion to accelerate climate action and clean energy, business investment, health and sustainable transport investment across the world, including Africa, the bank announced Sunday.

Business - Economy
11/19/2022 5:17:28 PM
About 10,000 Egyptian expatriates registered over the past 48 hours on the Egyptians Expats Cars app, which will allow them to apply to import cars for personal use without paying customs, Egypt’s Minister of Finance Mohamed Maait said on Saturday.

Business - Economy
11/18/2022 10:04:23 PM
Egypt signed a number of partnership agreements and letters of intent (LOI) worth around EGP 10 billion with development partners last week for its NWFE and NWFE+ programmes designed to finance green and ecofriendly projects.

Al-Ahram Weekly - COP27
11/17/2022 3:41:00 PM
“Formulating an agenda that satisfies 197 parties was not an easy job but it was done. We have a good record in terms of items that have been included," Cecilia Kinuthia Njenga, director of the Intergovernmental Process and Collective Progress at UNFCCC, told Al-Ahram Weekly.

COP27 - Sharm El-Sheikh
11/16/2022 10:34:31 PM
Six weeks before taking power, Brazilian President-elect Luiz Inacio Lula da Silva on Wednesday told cheering crowds at the UN climate conference that he would crack down on illegal deforestation in the Amazon, reinitiate relationships with countries that finance forest protection efforts and push to host an upcoming world climate summit in the rainforest.

COP27 - Climate change
11/16/2022 9:31:45 PM
Protecting nature and preserving biodiversity requires scientific solutions and sufficient finance, UN Climate Change High Level Champion for Egypt and UN Special Envoy on Financing 2030 Sustainable Development Agenda Mahmoud Mohieldin.

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