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Drive Finance raises EGP 1.5bn through bond issuance to fund expansion

Drive Finance, a subsidiary of GB Capital and the non-bank financial services arm of GB Corp, has completed an EGP 1.5bn bond issuance with a maturity of 13 months, the company announced. The issuance is a key pillar of Drive Finance’s strategy to diversify its funding sources, strengthen its capital structure and…

Hendy renews Egypt’s bid for ITU Council seat at Doha plenipotentiary

Egypt’s Minister of Communications and Information Technology Raafat Hendy delivered Egypt’s address to the plenary session of the International Telecommunication Union’s Plenipotentiary Conference (PP-26) in Doha, where he announced that Egypt is renewing its candidacy for a seat on the ITU Council representing…

Cairo opens its first shelter for stray dogs in El Tebbin

Two ministers and the governor of Cairo on Monday opened the capital’s first shelter for stray dogs, a 5,000 sq m site east of the Autostrad road in El Tebbin, south of the city. Manal Awad, minister of local development and environment, Agriculture Minister Alaa Farouk and Cairo Governor Ibrahim Saber toured the…

AOI seeks to expand industrial cooperation with Benin

Mohamed Abou Bakr, Chairperson of the Arab Organization for Industrialization (AOI), received Gildas Agonkan, Minister Delegate to the President of Benin in charge of National Defence, and his accompanying delegation to discuss ways to strengthen bilateral cooperation and leverage the AOI’s advanced industrial…

Joe Biden says cancer will limit him from promoting his upcoming memoir

Former President Joe Biden announced Sunday that he “won’t be able to do as many conversations” about his upcoming presidential memoir due to his fight with prostate cancer. “Some days are better than others. It hasn’t stopped me. But sometimes it slows me down. What that means is, unfortunately, I won’t be able to do…

Red Sea ports handle 10,000 tons of general, miscellaneous cargo

The Red Sea Ports Authority said its ports handled a total of 10,000 tons of general and miscellaneous cargo, 500 trucks and 120 cars on Sunday, November 8, 2026. Port traffic included the arrival and departure of 10 vessels, while a total of 965 passengers arrived at or departed from the ports, the authority said. …

Egypt wins gold award for top cultural tourism destination

Egypt won the gold award in the 25th edition of the British magazine Wanderlust Reader Travel Awards in the category of “Most Desirable Cultural and Heritage Destination,” ranking first ahead of several leading transnational tourist destinations, based on readers’ votes. The Wanderlust Reader Travel Awards are among…

Egypt’s President Orders National Emergency Stockpile Preparations

President Abdel Fattah El-Sisi has ordered the preparation of a strategic national stockpile of essential supplies to ensure Egypt is ready to respond to potential emergencies and crises, according to a statement on Saturday, 7 November. During a meeting with senior military officials and representatives of Egypt’s…

Egypt’s Kayan University to Open in February 2027

President Abdel Fattah El-Sisi announced that Kayan University will open in February 2027, with capacity for approximately 25,000 students, according to a statement by the Egyptian Presidency on Sunday, 8 November. Kayan University was first announced by the Egyptian Armed Forces in July 2026 as a civilian higher…