News
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Arkan Palm and IHG Hotels & Resorts expand partnership
The hotels, located in Arkan Palm’s 205 mixed-use project, will add 390 rooms to IHG’s portfolio in Egypt.
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Developers list their demands to revitalise, develop Egyptian real estate sector
They called for including the real estate sector in initiative to support industry, agriculture with 11% interest rate loans.
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Oriental Weavers' consolidated profit surges 74% YoY in Q1: Egypt
Founded in 1979 and listed on EGX in 1997, Oriental Weavers has emerged as a producer of machine-woven carpets and rugs.
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Kebbi Nigeria to partner Egypt in agriculture, livestock production
He said that his administration believed in partnership and cooperation as essential ingredients for development of the state.
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Vodafone Egypt contributes $418.4 mln to South Africa's Vodacom in 4 months
Vodacom announced that Vodafone Egypt has contributed around $418.47 million to its revenue and profit growth since December.
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EgyptAir signs deal with Amadeus to boost flight reservation systems
As per the deal, the Egyptian airline will benefit from Amadeus’ flexible solutions, including its new e-commerce platform.
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Etisalat Egypt by e& and IDT Global launch unlimited calls from Canada and the US to Egypt
Etisalat Egypt by e& and IDT Global, a division of IDT Corporation (NYSE: IDT) have today announced a joint retail voice initiative.
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Egyptian Tourism Authority brings in Wego to grow country’s tourism sector
Wego will work closely with the Egyptian Tourism Authority to promote the campaign across all its marketing channels.
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Egypt promotes medical tourism using rich natural healing resources
According to Hany El-Nazer, a dermatologist, Safaga is one of the largest worldwide medical centers for curing psoriasis.
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SODIC acquires 180 acres of land on Egypt's North Coast
Located in Ras Al Hekma, Caesar is SODIC's maiden venture into coastal developments and second homes.
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EGP to witness its 4th depreciation against USD by June: Fitch Solutions
Fitch Solutions said that the fourth Egyptian pound devaluation will occur in the context of progress on the divestment strategy Egypt is enacting.
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Egypt, Norway Ink Agreement for New $450 Mln Green Methanol Production Project
The project will produce 40,000 tons of green methanol per year, which could be increased to 200,000 tons annually.
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First Egypt Fashion Week takes place with more than 70 designers
More than 70 designers are showcasing their collections and many events have taken place inside famous attractions such as the old Egyptian Museum.
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Khufu pyramid to reopen within a month
The periodic maintenance process is being done from the inside in order to help preserve it.
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Egypt’s gold rush shows signs of slowing
The Egyptian gold market is starting to stabilize following weeks of fluctuation due to a surge in demand amid uncertainty about the EGP exchange rate
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New measures approved for supporting investment of El Mahalla El Kubra industrial park units
The board also agreed not to increase the lease value for two years, while limiting annual increase in lease payment to 5% during the first 5 years.
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Egypt’s food prices likely to elevate amid Sudan crisis: Report
Egypt is seeking other suppliers of cattle and other products, including Somalia and Chad, to compensate for the supply deficit, the report read.
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CBE Updates Licensing, Control Rules for Currency Exchange Companies
This comes in line with developments in the work of the exchange companies sector, supporting their performance and enhancing efficiency.
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Egypt operates 2nd Nile ferry to accommodate transport from Sudan
Minister said that it will join the fleet of ferries carrying buses and vehicles transporting goods from the Qastal land crossing with Sudan.
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Egypt sells 10% stake in Telecom Egypt for $128.8mln
Large portion of the stake was purchased by local investors, while Arab and foreign investors just acquired a limited number of the offered shares.