News
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Egypt top country in mergers and acquisitions
Egypt ranked third after the US and the UK in terms of M&A deal volume and first in outbound deals.
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Trade exchange between Egypt UAE at $1.6 bln
The UAE Minister of Economy Abdulla Bin Touq Al Marri held meetings with several Egyptian ministers to discuss further cooperation.
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Egypt to invest EGP 43bln in power sector
The power sector is a good indicator for the development of the whole economy as all the other sectors depend on it for their operation.
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Egypt to launch 4 scientific satellites
The move is a step in Egypt’s plan to enter the field of space science, develop remote sensing and space studies with Egyptian hands and technologies.
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Top 6 Fitch predictions about Egypt economy
The American credit rating agency stated that the Egyptian economy is among a few to managed to achieve an annual growth despite the COVID-19 pandemic
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Egypt Digital July 2021
Read the top 10 takeaways from the Digital 2021 July edition about the digital status of Egypt.
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Amazon.eg launches end of 2021
Amazon launched amazon.ae in the UAE in May 2019 and one year later it launched amazon.sa in Saudi Arabia. Now, it's Egypt's turn.
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Banking consortium brings European education to Egypt
The project will cost more than EGP 900 mln and will establish branches of universities such as University of London and Central Lancashire to Egypt.
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Steel plant saves around €70,000 with spherical roller bearings from NSK
By adopting the recommendations set forward by NSK, the steel plant is now saving €69,803 per annum in reduced costs.
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Egypt hotels expect more than 44% occupancy
A report by Colliers International predicts big increases in Egypt's hotels occupancy in Cairo, Alexandria, Sharm El-Sheikh and Hurghada.
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Egypt to release online e-visa
Travelers are required to apply online, the application process takes a few minutes, then an approval letter is sent visa email.
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Minly raises $3.6m
The platform closed a seed round, oversubscribed at $3.6m led by 4DX Ventures, Global Ventures and B&Y Venture partners among many others.
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IFC to support Egypt’s healthcare
Cairo, Port Said, Ismailiya, Sinai, Aswan, Luxor, Matrouh and Qena will all be included in the program that will be implemented over 3 years.
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Digital agriculture competition launches in Egypt
Digital agriculture can help with major issues in agriculture like water usage and production limitations for Egypt's agriculture sector.
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7 facts about DX4SW software initiative
Egypt’s Information Technology Industry Development Agency (ITIDA) launched a new initiative for Software companies in Egypt to go global.
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Egypt, IMF agree on $5.2 billion release
The IMF had also loaned Egypt a $2.8 billion emergency loan in 2020 to face the consequences of the pandemic.
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Egypt to test producing electric cars
State owned Nasr and Chinese Dongfeng signed an agreement in January 2021; first cars to be ready mid-2022 with 3000 charging units across Egypt.
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Top 10 Global consumer trends of 2021
COVID-19 changed the ways consumers think and behave. Businesses need to cater to this and offer products and services that adapt to the new reality.
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The 6 CBE rules for issuing electronic currencies
The permission is only limited to banks under CBE supervision and upon its consent.
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Top 3 players in mortgage finance market in Egypt
These companies offer different options of finance to people who want to own real estate units, whether residential, commercial or administrative.
