Service News
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Ride-hailing app MOVE launched in Egypt
MOVE also offers a tech setup for school bus transportation that can be used by parents and school management.
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Deutsche Bahn operates Egypt's first high-speed rail network
A 15-year contract with a volume in the single-digit billion range was signed during the climate conference in Sharm el-Sheikh.
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Egypt to establish Carbon Certificates Trading Company
The signing came without disclosing financial and organisational details of the company which aims to cooperate with government and private projects.
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Learn how to sell more creatively from Twitter, Google and Disney
In this week's digital news from our CEO Torsten Schwarz we learn how to sell following the example of Twitter, Google, Snap and Disney. Watch below.
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Creative Industry Summit’s 15th edition to be held in Riyadh
The first regional edition will be in the Kingdom of Saudi Arabia, in partnership with Riyadh Chamber of Commerce’s Advertising Committee.
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Al-Sisi follows up on establishing unified national network for emergencies
The president directed the integration of the network with development and service projects.
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Hutchison Ports bags $700 million container terminal deal in Egypt
Hutchison has inked two concession agreements with the Egyptian Government to operate the container terminals in Ain Sokhna and El Dekheila ports.
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Cartona raises $12M to scale and explore new verticals
Cartona was present in three Egyptian cities; it’s now in 11. The investment will allow them to cover all of Egypt.
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Egypt’s home delivery workers: Toward integration in the formal economy?
Egyptians who work as home delivery couriers – known in Arabic as tayareen, face hard working conditions and enjoy minimal social protection.
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Khazenly raises $2.5m seed funding
Khazenly is an on-demand digital warehousing and fulfillment management platform that provides an omnichannel solution to help merchants digitize.
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Siemens Mobility wins $8.7bn high-speed rail deal in Egypt
Egypt signed a contract with Siemens and consortium to build about 2,000 kilometres of high-speed railways.
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Egypt’s Suez Canal revenues to hit $7bln
Egypt expects the Suez Canal’s revenues to reach about $7 billion by the end of the current FY — ends on 30 June — up from $5.5 billion last year.
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Unemployment in Egypt down to 7.2% in first quarter of 2022
The unemployment rate in Egypt declined by 0.2 percent in the first quarter of 2022 compared to the same period last year to 7.2% of the workforce.
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Egyptian MaaS startup Swvl enters Turkish markets
Swvl, has expanded into Turkey with its recent acquisition of Volt Lines, a B2B transportation-as-a-service operator.
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Egypt’s economy expands healthily in annual term
The forecast projected Egypt’s total investments to grow by 14.4% in FY2021/22 and 9.3% in FY2022/23.
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Plastic Bank participates in 12th Egypt CSR and sustainable development forum
To present its leading role in reinforcing circular and green economy.
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CargoX extends agreement with Egypt
NAFEZA became the mandatory system for Egyptian ports on Oct. 1, integrating over 26 cargo clearance-related government systems.
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Egypt advances 5 points in WB women’s empowerment report
Women, Business and the Law 2022 is the eighth in a series of annual studies measuring the laws and regulations that affect women’s opportunities.
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Egypt to implement new import rules in March
Egypt has struggled to contain a rising import bill and a current account deficit that widened to $18.4 billion in 2020/21 FY.
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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.