Latest news
-
Digital 2022: Half of Egypt is now on social media
Instagram surpasses Facebook as the 2nd most popular social media platform, while WhatsApp is still number 1.
-
SOKNA, Egyptian end-to-end funeral services platform raises $1M
20 hospital and corporate deals signed to date, more than 2,500 cases performed, with a plan to expand across more cities.
-
Egypt to establish domestic credit rating companies
Previously the rules stated that in order for a national company to be established, a global credit rating company should be a shareholder.
-
Cashless transactions through Fawry increase by 232%
At the end of 2021 Fawry recorded an active daily users’ base of almost 2.5 million users.
-
Dell launches AI initiative with 5 Egyptian universities
There will be a competition at the end of every academic year for the top 3 student projects in AI applications.
-
Egypt medicine industry is booming
For the first time ever, Egypt's medicine exports have increased by 35%
-
World Youth Forum launches in Sharm El-Sheikh
The 4th version of the international forum launched on 10 January in the red sea city of Sharm El-Sheikh, Egypt and will conclude on the 13th.
-
Suez Canal records highest revenue ever
In 2021, the Suez Canal recorded revenues of $6.3 billion, this represents an increase of 12.8% compared to 2020.
-
NowPay partners with food and beverage giants in Egypt
Egypt’s leading financial wellness platform announced partnership with names like McDonalds, KFC, Pizza Hut, Kraft Heinz, Americana Group and Edita.
-
New coordination council between CBE, government
President AbdelFattah El-Sisi issued resolution 584 to form the council chaired by the prime minister, bank governance and some other ministers.
-
Egypt to rejoin JP Morgan’s index
The move is expected to trigger around $1 billion investments in government equity thus reducing the cost of government debt and raise its efficiency.
-
6th Handicraft Egypt exhibition concludes in Alexandria
42 exhibitors of more than 20 crafts took part in the event to support Egyptian handicrafts from every governorate.
-
For the 1st time in 10 years: Luxor fully booked
Luxor hotels were fully booked for the 1st time in 10 years for a dazzling event on the 3Km long Rams road connecting Luxor and Karnak temples.
-
Egypt to push for sustainable cloud transformation
Egypt succeeded in bringing in fresh narratives, innovative ideas and awareness on key areas such as Development of AI and Cloud Computing.
-
Bypa-ss receives $1m funding
The app can change the healthcare system in Egypt, facilitating the exchange of medical information between patients and health professionals.
-
Egypt digital status: October statshot
E-commerce in Egypt makes 1.8% of the GDP. Mobile internet speed is among the lowest in the world at 24.4 Mbps, while fixed internet is at 44Mbps.
-
Egypt to host Creative Industry Summit
The event is in partnership with Heartwork, an innovation business hub by Mountain View and Balaconaha creative platform based in KSA.
-
Intelligent Cities Exhibition kicks off 27 October
Intelligent Cities have become essential to achieve better quality of life for current and future generations.
-
Cityscape Egypt sets new records
19,489 prospective buyers and investors flocking to the Egypt International Exhibition Center in Cairo searching for real estate opportunities.
-
Egypt working to attract Thai investors
The Thai Ambassador praised the promising business environment in Egypt, especially in the agricultural and solar power sectors.