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Egypt: NileSat's net profits near $33mln in H1-25
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Zawya
12 hours ago
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Egypt: Cabinet approves rules for committees assessing residential rental areas
Arab Finance: The Egyptian cabinet has approved the rules and regulations governing committees tasked with assessing areas containing residential rental properties under Law No. 164 of 2025, as per a statement. The draft Prime Ministerial decree defines key terms, including 'rented premises,' referring to properties leased for residential purposes under the new law, and 'conflict of interest cases,' which cover situations where committee members or their first-degree relatives are owners or tenants in the area under review or have personal interests that could affect their work. It also introduces a point-based evaluation system, classifying areas as premium with a score of over 80 points, medium with a score from 40 to 80 points, and economic areas that received a total score below 40 points. According to the resolution, governors will form one or more inventory committees led by senior officials and including technical and legal experts, as well as representatives from the Ministry of Housing, Utilities, and Urban Communities, the Egyptian General Survey Authority, and the Real Estate Tax Authority. Committees will operate daily, excluding holidays, and must record detailed minutes of their work. The committees will divide areas into the three categories based on criteria such as location, building quality, average unit size, available utilities, road and transport networks, and public services. The annual rental value of properties, as defined under the Built Property Tax Law, will also be considered. Their findings must be completed within three months of the law's effective date and published in the Egyptian Gazette. Minister of Housing, Utilities, and Urban Communities Sherif El-Sherbiny announced that tenants meeting the eligibility requirements for alternative units under Article 8 of the law can apply starting October 1st via a unified electronic platform or through post offices nationwide, with applications open for three months. Applicants will be able to track their requests, complete documentation, and update information through their electronic accounts.


Zawya
3 days ago
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Lime Consumer Finance signs MoU with Global Academic Foundation to facilitate seamless tuition payment for students
As part of its ongoing efforts to establish partnerships with top universities in Egypt…Ahmed Mohsen: UH-GAF students can now unlock up to EGP 1 million to finance their future Karim Ghanem: Having Lime as our financial partners is a valuable step towards offering flexible financing solutions for our students Cairo - Lime Consumer Finance, the largest platform for education financing in Egypt, has joined forces with the University of Hertfordshire (UH-GAF) by signing a memorandum of understanding (MoU) to provide students and their families with flexible tuition payment solutions. This step aligns with Lime's mission to remove financial barriers to education and empower families to invest in their children's academic journey through accessible, clear financing. Under this agreement, Lime joins UH-GAF as a trusted specialized partner in education financing—offering a seamless experience through its FRA-approved platform. UH-GAF's students will benefit from convenient, dynamic plans with instant approvals, while UH-GAF strengthens its role in making quality education more comprehensive. By offering innovative payment solutions, UH-GAF reaffirms its commitment to making high-quality British higher education more accessible to a wider segment of Egyptian students. This collaboration strengthens the University's efforts to address the academic, social, and financial dimensions of student life—placing student wellbeing at the core of its strategic vision. In the same context, Mr. Ahmed Mohsen, CEO and Managing Director of Lime, stated 'We are delighted to partner with the University of Hertfordshire (UH-GAF), a forward-thinking institution that shares our vision of making education more accessible. Through Lime's seamless digital platform, UH-GAF students can now apply for specialized education financing and receive approval in minutes—unlocking up to EGP 1 million to finance their future.' He added, 'Backed by a curated marketplace and data-driven tools, Lime empowers families to make informed decisions with clarity, structure, and a strong commitment to knowledge. This collaboration is a key step in creating a more convenient, inclusive, and smarter education journey for all—one that also rewards 10,000 cashback per year when UH-GAF students finance with Lime. Commenting on the partnership, Mr. Karim Ghanem, Vice Chairman Commercial and Operations, stated: 'Having Lime company as one of our trusted partners is a valuable step towards offering more flexible financing solutions for our students. Their adaptable payment plans will make it significantly easier for parents to manage university fees, enabling them to support their children's education with confidence and financial ease.' It is worth noting that Lime currently includes more than 300 educational institutions across Egypt. This partnership marks a significant step toward establishing an integrated model of financial empowerment within the higher education ecosystem. The MoU also lays the foundation for future collaborations with financial partners, further supporting the sustainability and quality of the educational experience. About Lime Consumer Finance: Lime Consumer Finance is Egypt's largest platform specialized in long-term education financing and beyond. While its first entry point is to empower families through flexible, transparent, and FRA-approved financing solutions across the full education journey—from KG to PhD—Lime is also building a foundation for future vertical expansion into other high-impact sectors. The app features a holistic marketplace of top educational institutions, seamless digital onboarding, and data-driven tools to support informed decision-making. With a vision to cater to multiple consumer segments and address financial inclusion through new digital solutions relying on state-of-the-art technology, FAB Group in the UAE established Lime under the FRA. Backed by the strength and expertise of FAB Group and guided by multidisciplinary board members, Lime is committed to delivering structured growth, financial inclusion, and sustainable impact across Egypt's evolving fintech landscape.