News
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CBE Grants Banks 6 Months Deadline to Update Controls on Money Laundering, Terrorsim Financing
The circular explained that these updated controls came with reference to the supervisory controls for banks regarding combating money laundering.
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Egypt inks $460.4M financing deals with Korea's Eximbank, IsDB
The main objective of these agreements, as outlined in the MoIC report, is to support Egypt's efforts to achieve comprehensive and sustainable growth.
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Egypt most represented in Arab classification of Arab universities out of 115 competitors
Ayman Ashour, announced that 28 Egyptian universities have been included in the first edition of the Arab classification of Arab universities.
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Egypt’s exports drop 22% YoY in nine months
Egypt’s exports dropped 22 percent year-on-year (YoY) to $30.8 billion during the first nine months of 2023.
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Banque du Caire, El Taamer agree to finance Urban Business Lane project with EGP 956m
The project is one of the largest integrated business complexes in New Cairo, consisting of 10 administrative and commercial buildings in tagamo3.
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17m Smartphones Imported Into African Markets –Report
A total of 17.9 million units of smartphones were shipped to the African markets in the third quarter of 2023 (Q3), a new report has disclosed.
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Spanish operators have decided to buy directly from Egypt, without going through Dutch re-exporters
products originating from non-EU countries must display the place of origin in an easily understandable way.
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12-year-old ‘genius’ admitted to Egyptian university
Yahya Abdel Nasser Muhammad Elnajaar is currently in grade six in the official language school in the Damietta Governorate in the far north-east.
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Egypt’s Leap into the Future of Sustainable Transportation
Electric vehicles are no longer a distant dream for Egypt, as the nation gears up to launch its first electric car, the Nasr e70.
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Egypt now third in global onion production, surpassing the US
The statistics on Egypt’s agricultural land size are not always accurate and need to take into account monthly consumption rates.
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Egyptians likely to spend 1.2% more in 2024: Mastercard
Egyptian real consumer spending is expected to increase by 1.2 percent year-on-year in 2024 despite inflation concerns.
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Egypt's SAK to deliver three projects in the New Administrative Capital by 2025
Developer studying new projects in the NAC, The Fifth Settlement, and Sheikh Zayed City.
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Vodafone Egypt, MCIT sign two MoUs to enhance students' digital skills
Vodafone's team will evaluate these projects and provide sponsorship to ensure their alignment with the current and future demands of the job market.
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Irrigation Min. Discusses with EBERD Rehabilitation of Kitchener Drain, Water Resources Management
The project components include implementing protection and strengthening works for the bridges of the Kitchener Bank and its branches.
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Will the Central Bank of Egypt’s decision to fix interest rate be reflected in prices?
According to the CBE, the core inflation rate declined for the fifth time in a row – recording 35.9 percent in November.
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Damietta Port secures $455 mln finance for Tahya Masr 1 terminal
The Damietta Port Authority and Damietta Alliance Container Terminals signed agreements with an international consortium led by HSBC Egypt and IFC.
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Ritz-Carlton plans a second hotel in Egypt
Marriott International has entered an agreement with Palm Hills Developments for the launch of the Ritz-Carlton Cairo, Palm Hills.
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President El-Sisi Follows up on Green Hydrogen Production Projects
The strategy aims for Egypt to become one of the leading countries in the low-carbon hydrogen economy in the world.
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International Finance Corporation invests up to US$7 billion in Egypt
The meeting followed up on the joint cooperation portfolio with the IFC, and the ongoing measures to enhance private sector participation.
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Egypt, Zimbabwe Sign MoU to Provide Smart, Affordable Housing
The MoU was signed to benefit from the Egyptian experience in the field after providing thousands of adequate housing units in the country.