Tag : EGYPT

Featured Wealth Management

Saudi’s PIF & UAE’s ADQ among funds with highest sustainability rankings

IFM CorrespondentJuly 21, 2023

by IFM CorrespondentJuly 21, 2023

According to a report by the wealth fund tracker, of the funds graded in both 2022 and 2023, 69 received higher grades, 94 received no change, and just 22 received negative marks...

Asset Management Featured

IMF loan not enough? Cash-strapped Egypt sells state assets to Gulf nations

IFM CorrespondentFebruary 20, 2023

by IFM CorrespondentFebruary 20, 2023

The investments by Gulf states into Egypt last year helped to alleviate some of the immediate financing concerns that Egypt encountered, prior to securing further funds from the IMF...

Featured Islamic Finance

Startup impact: Is MENA the next Silicon Valley?

WebAdminJanuary 6, 2023

by WebAdminJanuary 6, 2023

In January 2022, Saudi Arabia financial company Foodics acquired food tech startup POSRocket...

Banking and Finance Featured

Monetary steroids to make growth curve steeper: Wael Ziada

WebAdminNovember 16, 2022

by WebAdminNovember 16, 2022

Zilla Capital provides clients and partners with strategic advice within several structural and operational domains...

Energy Featured

Energy crisis puts Italian firm Pelliconi’s resiliency to test

WebAdminOctober 31, 2022

by WebAdminOctober 31, 2022

Pelliconi produces 35 billion bottle tops annually, primarily in Italy but also in Egypt and China...

Banking Featured

Emirates NBD Egypt Wins the “Fastest Growing Corporate Bank in Egypt” Award for 2021

WebAdminJanuary 25, 2022

by WebAdminJanuary 25, 2022

The bank secured EGP 2.54 bn loans to finance the construction of the new ‘ZED’ project in Sheikh Zayed...

Economy Featured

Egypt expects economic growth of 5.6% in 2021-2022

IFM CorrespondentNovember 24, 2021

by IFM CorrespondentNovember 24, 2021

Egypt’s GDP grew by 3.3% in the last fiscal year...

Featured Technology

Egypt to develop indigenous e-vehicles in a bid to switch to clean energy

IFM CorrespondentNovember 15, 2021

by IFM CorrespondentNovember 15, 2021

Egyptian authorities signed an agreement with a private sector company...

Economy Featured

Egypt’s non-oil export to the EU increases by 38% in eight months

IFM CorrespondentNovember 8, 2021November 8, 2021

by IFM CorrespondentNovember 8, 2021November 8, 2021

Exports to the EU amounted to €4.1 billion, compared to €2.9 billion during the same period in 2020...

Featured Technology

Telecom Egypt signs deal with Nokia to develop IoT infrastructure

IFM CorrespondentOctober 19, 2021October 19, 2021

by IFM CorrespondentOctober 19, 2021October 19, 2021

The deal was signed in the presence of Egyptian Minister of Communications and IT Amr Talaat...