News
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Canal Shipping posts 51% YoY profit hike in 9 months
The company operates four agencies, namely Aswan Shipping Agency, Assuit Shipping Agency, El Menia Shipping Agency, and Damanhour Shipping Agency.
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22 Million Citizens Benefit from "Takaful and Karama" Cash Support Program
Minister of Solidarity inaugurated the activities of the first regional meeting “Social Development Banks and Institutions in the Arab Countries.”
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B.TECH’s tech care to boost retail sector’s after-sales services in Egypt
This new move comes to lay down a new benchmark for competitive customer experience in the industry, across all its branches in major governorates.
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aiBANK announce final agreement to purchase the portfolio of letters of guarantee existing at NBG Egypt
The portfolio has a distinguished group of prime clients and adds value to the bank.
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Africa’s data centre sector thrives due to market investments
Khazna Data Centers the largest network of hyper-scale data centers in MENA, has announced its plan to enter Egypt.
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Egypt to raise electricity prices by over 41% in July
The prices of the fifth band will see a price increase of 5.46 per cent and the sixth band by 3.57 per cent.
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Dawi Clinics raises EGP 250 million to fund its expansion in Egypt
Dawi Clinics to open 30 new branches across Egypt Supported by a new investment round of EGP 250 million.
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Egypt to Produce Insulin for Africa in New Collaboration with Eli Lilly
Eli Lilly will also provide a pro-bono technology transfer to enable EVA Pharma to formulate, fill and finish insulin vials and cartridges.
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Luxury Operator Stops Selling Egypt Tours Involving Camel Rides
A luxury tour operator has become the first travel company to stop selling tours and packages to Egypt which include camel rides.
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Egypt seeks to expand cooperation with AIIB in funding economic growth
Mohamed Maait, also governor of Egypt at the AIIB, made the remarks during his meeting in the Egyptian capital Cairo with the visiting AIIB's VP.
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Egypt: MNHD logs higher net profits in Q1-23
In the first three months (3M) of 2023, the basic earnings per share (EPS) climbed by 105.08% to EGP 0.12 from EGP 0.05 in Q1-22.
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Egypt grants 10 new golden licenses: GAFI president
Egypt's Supreme Council for Investment approved 22 decisions to support the investment sector, including expanding the issuance of the golden licenses
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Talgo Egypt factory to produce trains locally
The factory is scheduled to be established in the Kom Abu-Rady, Beni Suef Governorate, Upper Egypt, on an area of 20 feddans.
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Egypt's agriculture exports rise 17.2 percent in 5 months
Egypt's agriculture exports increased to 3.4 million tons during the period from January until 17 May, a 17.2% increase over the same period in 2022.
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Egypt aims to enhance contribution of IT sector to GDP: Talaat
Intensive efforts are made by the ministry to enhance Egypt’s position as a leading destination for cross-border information technology services.
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Egypt expected to devalue the EGP... what if it doesn’t in the short term?
Citigroup anticipated that the Central Bank of Egypt (CBE) will hold any move on its currency until the end of current fiscal year, which ends on June
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Positive expectations for food industries in 2023
In spite of the unfavorable conditions, food companies have succeeded in recording significant growth rates over the past year.
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IDSC says EGX leading financial institution in terms of capital market sustainability
EGX launched its sustainability index in accordance with the methodology of Standards & Poor’s, becoming the second in the world and the 1st in Africa
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CAPMAS: 17.1% Increase in Amount of Bird & Poultry Meat
The total number of livestock and animal (cow - buffalo -Sheep - goat - camel) reached 7.5million2021versus7.0 million in 2020, an increase of by 7.3%
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Think Big for Shipping, Logistics to expand in UAE
The company was established in Egypt with the aim of owning and managing giant ships to transport goods to and from Egyptian ports.