Egypt leads the shift to renewable energy in the Middle East
The Middle East faces major environmental and economic challenges, including climate change and rising energy prices.
Announcing Groundbreaking Regulatory Changes in Egypt's Digital Banking Sector
In a significant milestone for the banking industry, the Central Bank of Egypt (CBE) unveiled a series of transformative regulations and licensing requirements for digital banks in July 2023.
Recent Legislative Developments - Law No. 173 of 2023:
President Abdel Fattah El-Sisi has enacted Law No. 173 of 2023, representing a significant step in the Egyptian Government's commitment to fostering economic growth and attracting investment.
Egypt: Registration mandatory for foreign factories and trademark-owning companies
On the 17th of April 2022, the General Organization for Import and Export Control (GOEIC) announced the suspension of import activities of several companies and factories to Egypt for violating Ministerial Decree no.43 of 2016 (“Old Ministerial Decree”) issued by the Ministry of Trade and Industry.
Boeing: Middle East will need 3k new aircraft by 2042
Boeing anticipates a demand for 3,000 new aircraft in the Middle East by 2042, signifying the region’s growth in the aviation sector.
Nasdaq Dubai facilitates listing of DP World’s $1.5bn green sukuk
International financial exchange Nasdaq Dubai hosted the listing of a $1.5 billion green sukuk by logistics monolith DP World, according to a press statement.