Latest news with #El-Sawy
Daily News Egypt
20 hours ago
- Business
- Daily News Egypt
Securitizing Ras Shokeir revenues offers new asset investment model without ownership transfer: Bokra Holding
Ayman El-Sawy, Founder and CEO of Bokra Holding, hailed the recent decision to transfer ownership of a vast land plot in the Ras Shokeir area—spanning approximately 174.4 million square meters on the Red Sea coast—from the state to the Ministry of Finance as a pivotal step toward modernizing Egypt's state asset management strategy. El-Sawy emphasized that this move aligns with a broader national vision to reduce public debt and finance large-scale development projects through innovative, non-traditional financial instruments. Chief among these tools is the use of sovereign sukuk, which enable the government to leverage the value of its assets without relinquishing ownership. 'This model allows the state to say to investors: 'Here is a fixed asset that generates stable returns—you can benefit from those returns over a defined period, in exchange for capital that will be invested today in key national projects,'' El-Sawy explained. He stressed that this represents a transformative shift in asset management—relying on the securitization of revenue streams rather than the sale of the underlying asset. In practical terms, this creates liquidity without compromising national ownership. El-Sawy contrasted this model with previous approaches, such as the direct land sale seen in the Ras El Hekma project, noting that Ras Shokeir follows a fundamentally different path. The land in question was allocated via presidential decree specifically for the purpose of securitizing future revenues through sovereign sukuk. Under this framework, the Ministry of Finance—now officially responsible for managing the state's private assets—will issue sukuk offerings tied to clearly defined projects in Ras Shokeir. These issuances will target strategic investors and are designed to ensure transparency, economic feasibility, and investor confidence. El-Sawy also highlighted that national security considerations remain fully intact, with military oversight maintained in strategically sensitive areas along the Red Sea coast. 'We are not selling our assets, nor are we giving them away,' El-Sawy concluded. 'We are optimizing their use—turning them into smart, sustainable financing tools. Sovereign sukuk are no longer a luxury—they are a strategic necessity. Whether Ras Shokeir becomes the next Ras El Hekma remains to be seen. But what's certain is that Egypt is entering a new era of disciplined, forward-looking investment in its state resources.'
Al-Ahram Weekly
15-05-2025
- Politics
- Al-Ahram Weekly
Nazism was never truly defeated: Sawt Al-Azhar editorial draws parallels with Gaza - Foreign Affairs
The latest editorial of Sawt Al-Azhar, penned by Editor-in-Chief Ahmed El-Sawy, challenges the global celebrations marking the anniversary of the fall of Nazism, highlighting the moral contradiction posed by the ongoing war in Gaza. The editorial, which questions the global moral compass, is titled "How Can the World Celebrate the Fall of Nazism … While Gaza Tells a Different Story?" It condemns what El-Sawy describes as the West's selective memory and ethical double standards in commemorating the defeat of Nazism while supporting Israel's actions in Gaza. The editorial, published amid global ceremonies marking the anniversary of the allied victory over Nazism, draws a provocative comparison between Nazi ideology and the ongoing Israeli military assaults in Gaza. "Was Nazism truly defeated? While it may have fallen militarily in Berlin in 1945, its spirit was never buried … Some of its core ideas, tools, and methods remain alive—practised daily in occupied Palestine," El-Sawy writes. He underscores the parallels between Nazi racial ideology and what he describes as a religious-nationalist Zionist project based on supremacy and exclusion, referencing policies of displacement, siege, and the systematic denial of basic rights in Gaza. "Homes are bombed over their residents' heads. Schools, hospitals, and refugee camps are struck. Access to water, food, medicine, and electricity is deliberately denied. Incendiary rhetoric describes Palestinians as 'human animals'—the same language Nazis used to strip their victims of humanity before exterminating them," he continues. El-Sawy also accuses the West of moral inconsistency, saying: "The so-called 'free West' cannot claim Nazism was defeated while Palestinian refugee camps have stood for 75 years, and a defenseless people continue to be crushed by internationally banned bombs." Moreover, the editorial cites several prominent Jewish intellectuals who have criticized Israeli policies, including Noam Chomsky, who described Israel as "a fascist state where the ideology of Jewish supremacy dominates everything," and Norman Finkelstein, who called Gaza "the largest open-air prison in the world." The piece also refers to B'Tselem, the Israeli human rights organization, which described the regime from the river to the sea as "a single regime founded on Jewish supremacy." The editorial's central message is a call to recognize that the defeat of Nazism must go beyond historical commemoration and extend to confronting its manifestations wherever they appear. "The true defeat of Nazism will only be realized when we defeat its essence, its culture, its ideas, its tools, and its practices—no matter the name, the slogans, or who the perpetrators and victims may be," El-Sawy concludes. The editorial offers a forceful moral argument, urging global powers to reconcile their historical memory with present-day realities, especially in Gaza, where El-Sawy believes the principles that fueled Nazism are being replicated under a different banner. On 18 March, Israel resumed its genocidal war on Gaza after unilaterally ending the ceasefire agreement with Hamas, which Egypt, Qatar, and the US mediated. Since 2 March, Israel has also blocked the entry of all humanitarian aid to Gaza, putting more than two million Palestinians on the brink of famine. Follow us on: Facebook Instagram Whatsapp Short link:
Zawya
27-02-2025
- Business
- Zawya
Egypt: Bokra expands its footprint in fintech, unveils future plans
Egypt - Bokra, a rising fintech company, has outlined its future plans and strategic vision, reinforcing its commitment to financial inclusion and innovation in Egypt's fintech sector. The company, which provides Sharia-compliant investment solutions, aims to empower individuals and small to medium-sized enterprises (SMEs) through diversified financial products. Bokra's portfolio includes investments in real estate, precious metals, and debt instruments, as well as tailored financing solutions for fintech-driven startups. The company has also introduced a Business Portal that offers SMEs transparent investment and financing solutions, allowing them to track their financial progress seamlessly. Ayman El-Sawy, Founder and CEO of Bokra Holding, highlighted the company's focus on security, compliance, and technological advancement. 'Since our launch in 2023, Bokra has prioritized building a secure financial platform that ensures the highest levels of protection for depositors' funds. We have obtained all necessary licenses from the Financial Regulatory Authority and developed a robust technological infrastructure reinforced by the latest cybersecurity measures,' El-Sawy said. Bokra is also working to integrate Digital KYC (Know Your Customer) and Digital Contracts into its platform to enhance user accessibility. These technologies are expected to streamline customer onboarding and transactions, making it easier for individuals and businesses to utilize the platform's financial services. Beyond its fintech ambitions, Bokra is actively supporting Egypt's financial inclusion agenda by promoting sustainability and financial literacy. The company aligns with the Egyptian government's economic strategies, aiming to increase investment in the local economy while equipping clients with the necessary financial knowledge to make informed decisions. 'Our goal is to provide innovative, Sharia-compliant investment opportunities that contribute to financial stability and economic growth,' El-Sawy added. Bokra's expansion reflects Egypt's growing fintech sector, which is playing an increasing role in enhancing economic development and broadening financial accessibility across the MENA region.
Daily News Egypt
26-02-2025
- Business
- Daily News Egypt
Bokra Expands Its Footprint in Fintech, Unveils Future Plans
Bokra, a rising fintech company, has outlined its future plans and strategic vision, reinforcing its commitment to financial inclusion and innovation in Egypt's fintech sector. The company, which provides Sharia-compliant investment solutions, aims to empower individuals and small to medium-sized enterprises (SMEs) through diversified financial products. Bokra's portfolio includes investments in real estate, precious metals, and debt instruments, as well as tailored financing solutions for fintech-driven startups. The company has also introduced a Business Portal that offers SMEs transparent investment and financing solutions, allowing them to track their financial progress seamlessly. Ayman El-Sawy, Founder and CEO of Bokra Holding, highlighted the company's focus on security, compliance, and technological advancement. 'Since our launch in 2023, Bokra has prioritized building a secure financial platform that ensures the highest levels of protection for depositors' funds. We have obtained all necessary licenses from the Financial Regulatory Authority and developed a robust technological infrastructure reinforced by the latest cybersecurity measures,' El-Sawy said. Bokra is also working to integrate Digital KYC (Know Your Customer) and Digital Contracts into its platform to enhance user accessibility. These technologies are expected to streamline customer onboarding and transactions, making it easier for individuals and businesses to utilize the platform's financial services. Beyond its fintech ambitions, Bokra is actively supporting Egypt's financial inclusion agenda by promoting sustainability and financial literacy. The company aligns with the Egyptian government's economic strategies, aiming to increase investment in the local economy while equipping clients with the necessary financial knowledge to make informed decisions. 'Our goal is to provide innovative, Sharia-compliant investment opportunities that contribute to financial stability and economic growth,' El-Sawy added. Bokra's expansion reflects Egypt's growing fintech sector, which is playing an increasing role in enhancing economic development and broadening financial accessibility across the MENA region.
Economic Key
24-02-2025
- Business
- Economic Key
Bokra Makes Its Mark in Fintech and Showcases Its Future Plans
Bokra, a leading fintech company, has unveiled its future plans and vision while discussing its latest business developments and strategic goals. The company offers a wide range of investment solutions for individuals and small to medium-sized enterprises (SMEs), enabling them to build investment portfolios in real estate, precious metals, and debt instruments through Sharia-compliant financial products. Additionally, Bokra provides tailored financing solutions designed to meet the needs of fintech-driven startups, helping them achieve their financial goals efficiently and seamlessly. In this context, Ayman El-Sawy, the founder and CEO of Bokra Holding, stated: 'Since its inception in 2023, Bokra has aimed to establish a strong foundation that ensures the highest levels of security, privacy, and protection for depositors' funds, while obtaining all necessary licenses from the Financial Regulatory Authority. This goes hand in hand with developing an integrated technological infrastructure supported by the latest cybersecurity technologies. All of this is aimed at providing a secure platform that adheres to the highest safety standards to protect users and ensure their rights. We are committed to delivering innovative investment solutions that empower individuals and SMEs to achieve their financial goals with ease and security. We believe that fintech should be accessible to everyone, and this is what we strive to achieve through the Bokra platform, which combines advanced technology with specialized financial expertise.' El-Sawy emphasized that Bokra not only provides investment services for individuals but also offers innovative investment and financing solutions for SMEs through its Business Portal. This portal allows clients to monitor their investments and track their progress with complete transparency. As part of its efforts to safeguard clients' funds, Bokra has recently obtained all necessary licenses to commence operations from the Financial Regulatory Authority. In line with its commitment to financial inclusion, the company is in the process of securing approvals to integrate modern technologies such as Digital KYC (Know Your Customer) and Digital Contracts, which will enable clients to use the Bokra platform with ease. El-Sawy added that Bokra places great importance on promoting sustainability by encouraging individuals and businesses to invest in the Egyptian economy, aligning with the company's vision to contribute to economic and social development. He also highlighted that the company's goals align with the Egyptian government's efforts to achieve financial inclusion and support the economy. Bokra is dedicated to fostering financial inclusion and enhancing financial literacy across the MENA region. In this regard, the company aims to equip clients with financial and investment knowledge and tools that comply with Sharia principles, enabling them to achieve their financial goals effectively. Bokra provides innovative investment opportunities that contribute to financial stability and economic growth. تم نسخ الرابط
