News
-
Cairo University ranks 1st in competition for best environmentally friendly university
Elkhosht said that Cairo University advanced in the global classification of environmentally friendly green universities in sustainable development.
-
Opay plans to apply for digital bank license in Egypt
The step is part of OPay's commitment to playing a role in expanding Egypt's digital economy.
-
Cairo-listed Beltone Finance eyes stake in local microfinance firm
Beltone Financial Holding, a large Cairo-listed investment company, has signed a memorandum of understanding to acquire a microfinance company.
-
Egypt strategic reserves of sugar enough until February 2024 – Ministry
The Supply Ministry announced Monday that Egypt’s strategic reserves of sugar are enough until February 2024.
-
Abu Dhabi Islamic Bank Egypt names Minister Al-Mashat as board member
Egyptian Minister of International Cooperation Rania Al-Mashat has been appointed as a member of the board of directors of the Abu Dhabi Islamic Bank.
-
Egypt ranks 14th globally in terms of population – minister
Egypt ranks the 14th globally in terms of population size as its population is now estimated at 105 million.
-
Swiss firm Smartenergy could invest USD 1 bn in Egypt green hydrogen plant
This would be the firm’s first project outside of Europe, founded in 2011, Smartenergy invests in solar, wind, and hydrogen projects.
-
African leaders leave Russia summit without grain deal or path to peace in Ukraine
Russia-Africa summit said Russia's termination of the grain deal earlier this month caused a rise in grain prices that benefits Russian companies.
-
Egyptian consumer businesses to become more lucrative in Q4 2023: HSBC
Egyptian companies operating in the consumer sector are expected to achieve higher profits during the fourth quarter of 2023.
-
ADSL internet subscribers in Egypt up by 11% YoY in June 2022
The number of mobile internet users increased 14.9% to 68.5 million in June 2022, up from 59.7 million in June 2021.
-
Egypt's economy to grow 4.2% in FY 23/24: Morgan Stanley
In its “Egypt Economics, Sovereign Credit and Equity Strategy” report, the investment bank lowered Egypt’s current accounts deficit forecast to $9.8bn
-
Banknbox sets up $10 mln regional HQ in Egypt to offer integrated banking tech
Cairo-based financial services company Banknbox announced the opening of its $10 million regional headquarters in Egypt.
-
Egypt’s Environment Minister reviews progress of municipal solid waste management system
She referred to the birth of the new environmental and climate investment unit under the umbrella of the Ministry of Environment.
-
GAFI CEO discusses upgrading Alexandria Free Zone
The meeting also took up an all-out scheme for upgrading the infrastructure of Alexandria Free Trade Zone, the statement said.
-
Egypt, a key US ally in the energy war against China and Russia
The Western alliance of the US and Europe fights dependence on Russian gas through its alliances with Cairo.
-
SODIC records EGP 8.2bln in gross contracted sales driven by strong uptake of both new and ready-for-delivery projects.
Record H1 despite limited launches and addition of 620 acres to developer’s landbank.
-
Fintech serves as keystone element in banking, financial development in Egypt
Various solutions are presented in the Egyptian financial technology market every year, making Egypt a fertile environment.
-
Egypt to offer industrial land plots to investors within month
The move is aimed at boosting the private sector participation in the Egyptian economic sectors.
-
AfDB: Egypt best economic performer in North Africa region in 2022
The tourism, non-oil manufacturing, and gas extractives sectors, as well as the Suez Canal benefitted from the resumption of international travel.
-
Egypt signs 3 oil & gas exploration agreements worth $320 mln
Egypt has signed three new agreements worth $319.5 million to dig 13 wells.