Egypt’s external debt reaches $161.2B end-June: CBE

Egypt’s external debt increased to $161.2 billion at the end of the previous fiscal year (FY) 2024/2025, rising by about $8.3 billion, or 5.5%, compared with the end of FY 2023/2024, according to the Central Bank of Egypt’s (CBE) External Position of the Egyptian Economy 2024/2025 report.

Raya Holding receives certificate for compliance with international internal audit standards

Raya Holding for Financial Investments said its internal audit department received the certificate of conformance with the international standards for the professional practice of internal auditing, issued by the Institute of Internal Auditors Egypt.

Cabinet approves incentive plan for new, converted hotel projects

The Egyptian cabinet approved a draft resolution establishing a new incentive aimed at encouraging the construction, development, and operation of hotel establishments within the jurisdiction of local administrative units, in an effort to expand hotel capacity and support activity in the sector, as per a statement issued on December 3rd.

El-Khatib opens EGX trading session as Egytrans completes NOSCO acquisition

Minister of Investment and Foreign Foreign Trade Hassan El-Khatib took part in the bell-ringing ceremony to open Tuesday’s trading session at the Egyptian Exchange (EGX), marking the completion of the Egyptian Transport and Commercial Services Company's (Egytrans) acquisition of the National Transport and Overseas Services Co. (NOSCO).

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