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Sawari Ventures closes $71m fund for North African Startups
The firm announced it more than 2 years ago and it closed a $41 million fund with big investors like CDC, EIB, Proparco and Dutch Good Growth Fund.
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Egypt captivates world with Golden Pharaoh Parade
A world class event captivated Egyptians and internationals alike with its grandeur and authenticity, celebrating the great Egyptian civilization.
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Egypt seeks more than $1 billion for Suez Canal blockage
Egypt will seek a compensation that exceeds $1billion for the recent Suez Canal blockage by Ever Given. The ship blocked the waterway for 6 days.
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UAE’s ADQ to acquire Egypt’s Amoun Pharmaceutical Company
Amoun's flagship products include Hibiotic, Antinal, Alphintern, and Neuroton. Amoun has more than 2,500 employees and owns one of the largest,
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Egypt, PepsiCo launch initiative to cooperate in waste management
Recycle for Tomorrow contributes to helping Egypt apply the circular economy concept, said PepsiCo’s CEO for the Middle East and Africa
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Egypt postpones tender for license to make cigarettes
An auction for the licence, which would have ended a decades-old monopoly by the state-controlled Eastern Company , was due to be held on Tuesday.
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760,700 employed in Egypt’s public business sector in 2020
CAPMAS announced that figures for 2020 reflect decrease of 3.9% on 2019.
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Old doors turn into booming business in Egypt
Antiques dealers in Egypt are rushing to recover the old doors of buildings that are being demolished as part of an urban development plan.
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Egypt’s economy showed high resilience during COVID-19 crisis: EU Ambassador
Berger stated that Egypt has successfully maintained macroeconomic and financial stability while safeguarding those who need it.
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Egypt's relisting on JP Morgan bond index could attract $4.8bn
Egypt has a combined nominal $28.2 billion in eligible bonds that mature in more than 2.5 years, the minimum amount for inclusion in the index.
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Trade exchange between Egypt, China reaches $14.56B in 2020
As of December 2020, Egypt has become China's 49th trade partner.
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Suez Canal: Egypt’s gift to world, lifeblood of international economy
On its opening, international waterway reduced journey from Arabian Sea to London by 8-10 days.
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Egypt aims to establish new company to market, sell Spinning, Weaving products
The plan is also to open sales outlets for products at home and abroad, which will be wholly owned by the holding company.
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Egypt's Sisi promises investment to avoid Suez closure repeat
Sisi claimed "success" in the operation after the stern was freed, several hours before the bow of the ship was finally dislodged.
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Cargo ship blocking Suez Canal has been refloated
The ship completely blocked the canal that’s home to as much as 12% of the world’s seaborne trade.
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CABLEXX 2021 Kicks Off 5 April in Cairo
CABLEXX is the most exclusive event dedicated to deploying advanced infrastructure to accelerate digital transformation.
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Egypt tourism sector will not see a recovery in 2021: Fitch Solutions
The report also excluded Egypt from the markets that are expected to see positive indices in 2021 in regards to inflation, commodity prices & reforms.
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Restaurant market in Egypt estimated at $17bn annually
Company aims to provide its restaurant management solutions to 2,000 clients in Egypt by 2021 end.
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Suez Canal blocked by traffic jam after massive container ship runs aground
The 224,000-ton vessel, sailing under a Panama flag, was en route to the port of Rotterdam in the Netherlands when it was knocked off course.
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Egypt’s increased remittances positive for economy, enhance bank’s lending capacity
Egypt’s recent increase in Egyptian expat remittances has had a positive effect on recipient households.
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TIME set to open its first two hotels in Egypt
The 130-room TIME Marina Hotel & Conference Centre is situated just ten minutes from New Al Alamein City on Egypt’s Mediterranean coast.
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Arqa begins construction work at I-Business Park project
Ahmed Gamal, the company’s CEO, said the company recorded EGP 1bn in sales in the first five months since the project’s launch in August 2020.
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French train manufacturer Alstom seeks to increase business in Egypt, chairman tells Sisi
Company chairman Henri Poupart-Lafarge met with President Sisi in Cairo on Monday.
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Increasing inbound travel to Taba
Egypt’s Tourism Minister, stakeholders discuss proposals as South Sinai celebrates 32nd anniversary of Taba's return to Egypt.
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Egypt's president urges boosting local industry
Egypt’s President Abdel Fattah El-Sisi on Saturday urged boosting local industry and localizing technology to meet the needs of the local market.
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Why the Flywheel is displacing the traditional marketing funnel?
Sooner or later, almost every marketer gets to know it. The marketing funnel maps the Buyer's Journey in countless textbooks and presentations.
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Egypt 10 power businesswomen 2021
Who are the 10 women who made it to the top of the business scene in Egypt according to Forbes?
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More spending budgeted
Increased spending and a set of society-friendly measures have been penciled into Egypt’s 2021-2022 budget.
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Egypt's Arqa starts construction of I-Business Park project
$319mln project is located in the New Administrative Capital.
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There's a market in Brazil for garlic from Egypt
The product Egyptian exporters have the best chance to sell more of to Brazil right now is garlic, said Brazil's agricultural attaché in Cairo.
