News
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Developers have to offer innovative products, state should provide more facilities to stimulate industry
Client needs an investment vessel, in which he preserves value of his money from inflation and currency depreciation.
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EGX signs MoU with GCC to scale up, accelerate regional climate action
This comes after the stock exchange’s recent announcement of launching Africa’s first regulated voluntary carbon market.
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Egypt’s Roya Developments, ACE Moharram-Bakhoum sign strategic partnership agreement
ACE to provide comprehensive project management and supervision services for Roya’s projects.
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Govt denies any shortage in white rice
The Cabinet’s Media Center denied on Monday that there is no shortage of white rice on markets and supply outlets.
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Cheiron Energy brings GNN oil field Early Production Facility on stream offshore Egypt
It is anticipated that the gross oil production rate from the Concession will exceed 25 thousand bopd.
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Egypt’s privatisation programme: Updates, potential moves
Egypt has recently taken concrete steps towards the investment opportunities it offers for strategic investors or under the government’s IPO.
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STC’s Giza Systems to spend up to USD 40 mn on acquisitions in 2023. PLUS: Al Baraka Bank + BdC’s Taly?
Giza Systems will target companies that have a significant presence in the Saudi market as well as an Egypt-based workforce.
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Egypt, Singapore pen MoU on airports development
The MoU was signed by Chairman of the Cairo Airport Company Magdy Ishak and CEO of Changi Airports International Company Eugene Gan.
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Tabarak Holding launches 4 exhibitions in Gulf region for Egyptian property export
Vice President of Tabarak Holding Bassem ElShorbany stated that the exhibitions in the Gulf countries met with a strong demand by Egyptian communities
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President Sisi directs continued effort to improve quality of healthcare
President Abdel Fattah al-Sisi issued directives to pursue efforts to improve the quality of healthcare services.
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Egypt to pen 8 MoUs on green hydrogen production soon
The SCZone’s head revealed that there are advanced negotiations with a Chinese firm to localize the electric vehicles (EVs) industry.
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Eight Developments, Gaballah Group sign contract with Mission 235 for Revolve Mall management
He pointed that according to the state’s plan to export real estate, which contributes approximately 20% out of the Egyptian national income.
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Environment minister follows up project of safe disposal of waste in Suez
During the meeting, the minister was briefed on a project presented by one of the investors in the field of waste recycling.
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BDS Hubs at NilePreneurs offer EGP 3.85bn to 4,800 start-ups in 2022
Hosni added that the BDS Hubs provided about 146,000 various services that reflected the actual needs of the target groups of youth and business owner
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EgyptAir ranks fifth among most operating to and from Istanbul
EgyptAir ranked fifth among the airlines that had the largest share in operating flights coming from or heading to Istanbul during the year 2022.
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Fixed Egypt launches ‘time stamp’ within its branches
Fixed Egypt, a company specialized in providing e-signature and e-stamp services, announced the launch of the “time stamp” service.
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Local cigarette prices in Egypt rise by EGP 2-3 per pack
The state-owned Eastern Tobacco Company raised prices of cigarettes, cigars and pipe tobacco by an average of EGP 2-3 per pack.
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New Damietta city ‘free of illiteracy’
The President of Damietta University al-Sayed Mohamed Daadour said that the illiteracy rate in New Damietta City is currently 5.2 percent.
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Mastercard partners with WFP to provide 1mln school meals during Ramadan
For every Amazon.eg website or app transaction made by customers in Egypt using a Mastercard during Ramadan, Mastercard will donate 1 school meal.
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20.3M transactions worth LE112.7B conducted via “InstaPay” in a year
70 percent of the transactions were conducted after the official working hours, and 30 percent during the official working hours.