Latest news
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5 ways AI is changing digital marketing
Expected productivity gains from AI are currently fuelling soaring share prices. Here are a few examples from marketing.
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What is the NDC system EgyptAir is embracing? And how does it lower ticket prices?
The adoption of the NDC system represents a significant milestone in EgyptAir's commitment to enhancing customer satisfaction and affordability.
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Fuel prices likely to rise in Egypt: Petroleum official
Fuel prices in Egypt may witness an increase of about 10 percent – equivalent to one pound in gasoline prices.
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Egyptians abroad sending more money home after devaluation
Egyptians abroad had been holding onto their funds or sending them home outside the banking system via the black market.
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Egypt's imports of cars surge by $54.8M in December 2023
During the period from January to September 2023, the total imports of cars in Egypt experienced a decline.
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Access by FABMISR, Drive Finance unite to redefine payment solutions in Egypt
The alliance is thoughtfully designed to accommodate the monthly instalments of Drive Finance customers.
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Moody’s changes rating for 5 Egyptian banks
Credit rating agency Moody’s announced on Tuesday that it has changed the ratings and estimates of five internationally ranked Egyptian banks.
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Egypt, China discuss prospects for new Chinese industrial city
The talks focused on establishing a Chinese industrial zone along the Mediterranean Sea to serve local market and exports to European and America.
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Sisi directs to continue implementing plan to improve performance of companies, factories
He also gave directives to focus on establishing partnerships with the private sector, in a way that enhances progress and development efforts.
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The Role of French Companies in Supporting Egypt’s Sustainability Priorities
This first event focused on the pressing topics of sustainable packaging and waste management.
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AOI inks deal with local development ministry for 4 waste management plants at €38.8 mln
The European Bank for Reconstruction and Development (EBRD) will fund the project as part of its Kitchener Drain Depollution Project- Solid Waste.
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Egypt, India ink MoU in digital capacity building
The MoU covers exchanging training materials and curricula as well as trainers and experts.
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Egypt: Lotus for Agricultural Investments’ profits up 82% YoY in 2023
Lotus for Agricultural Investments and Development’s net profits after tax increased 82.2% year on year (YoY) in 2023 to EGP 22.384 million.
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Total hard currency sold to Egypt's exchange firms hits $20M within 6 days
Al-Ahly Exchange Company accounts for the largest proportion of the proceeds, with a value of EGP 577 million since the decisions of the Central Bank.
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Germany pledges to make 258 million euros available to Egypt as debt swap
Germany has pledged to make 258 million euros available in the form of debt swaps, grants, and concessional financing.
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Ready-made clothing topped the list of Egypt's highly exported goods last December
Ready-made clothing, which recorded about $264 million last December, compared to $211 million in the same month in 2022.
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El Gouna, Heazy Skate Park join forces to build Africa’s largest skate park
This partnership is in line with El Gouna’s vision to become a premier destination for diverse local and international sports events.
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US dollar rate drops in major banks by 1.5% on Tuesday to EGP 48.8/1 USD
The US dollar rate against the Egyptian pound declined on Tuesday by approximately 1.5 percent to EGP 48.8/1 USD for selling.
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IMF Lines Up $1.5 Billion to Egypt within Weeks
The amount will include the first and second review tranches, which were postponed earlier.
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Egypt Achieved Gains from the Deal to Sell a Stake in Eastern Company
During the state's repeated offering of its shares, no tobacco company came forward to buy a stake, except for an Emirati company.