Prime Minister Mostafa Madbouly today witnessed the signing of a settlement agreement between several government entities and South Valley Cement Company.

Egypt has announced the adoption of the Cairo Trade Declaration at the close of the fourth meeting of the D-8 Trade Ministers Council in Cairo, as per a statement.

Drive Finance, a subsidiary of GB Corp, has signed a syndicated credit facility worth EGP 5 billion to support the expansion of its consumer finance and factoring portfolios, as per a disclosure.

Al Khair River for Development, Agricultural Investment, and Environmental Services renewed its contract with the National Organization for Social Insurance (NOSI) for another year.

Faisal Islamic Bank agreed with Remco Tourism Villages Construction Company to sell a 17,907-square-meter land plot in Nasr City for EGP 914.5 million.

Mena for Touristic and Real Estate Investment inked a partnership agreement with Concrete Plus Engineering and Construction to build a multi-purpose commercial project.

A signing ceremony of financing agreements, including a €30 million debt swap agreement, will highlight the first Egyptian-German Development Cooperation Day.

The General Authority for Suez Canal Economic Zones (SCZONE) has inked an agreement with Pearl Group to implement a polyurethane production project in Sokhna Industrial Zone.

Egypt and Saudi Arabia have sealed the formation of the Egyptian-Saudi Supreme Coordination Council.

Egypt and the European Union (EU) have signed a European Green Facility agreement worth €7 million to support Egypt’s green transition and water resources sustainability.

The Egyptian Ministry of Agriculture and Land Reclamation and the United Nations (UN) World Food Program (WFP) have signed an agreement to launch the second phase of the Transforming the Livelihoods of Smallholder Farmers project.

Beltone Leasing and Factoring, a subsidiary of Beltone Holding, has signed a leasing and factoring agreement worth EGP 400 million with Madkour Group.

The Sixth of October Development and Investment Company (SODIC) has signed a long-term syndicated facility agreement with Banque Misr and the Commercial International Bank (CIB) valued at EGP 4.41 billion.

The Smart Village Real Estate Investment Company (SVREICO) has sealed an agreement with Fawry for Banking Technology and Electronic Payment, providing Fawry with additional space and more upgraded infrastructure at SVREICO’s administrative building.

Contact Pay, a subsidiary of Contact Financial Holding, has signed a partnership agreement with a subsidiary of Basata Holding for Financial Payments to bolster the e-payment infrastructure in Egypt.

Qalaa Holdings has sealed a debt settlement agreement with four banks for a total of EGP 4.547 billion.

The cabinet has approved a request submitted by the Red Sea Wind Energy to amend the resolution on granting it the golden license for a power generation project in the Gulf of Suez area.

President Abdel Fattah El-Sisi has approved a 40-year credit facility agreement worth €200 million between the Egyptian and Spanish governments to import seven luxury sleeper trains from the Spanish rail manufacturer Talgo.

The Micro, Small and Medium Enterprises Development Agency (MSMEDA) has signed a financing agreement worth EGP 100 million with AMAN Holding.

Egyptian Prime Minister Mostafa Madbouly has called for an expedited finalization of the Egyptian-Saudi investment, urging that the agreement’s articles be sealed as soon as possible.