News
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El-Sisi directs promoting tourism, aviation integration in Egypt
The meeting reviewed the latest efforts to develop the civil aviation sector and enhance Egypt’s tourism attraction in order to increases revenues.
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El Obour Real Estate’s profits surge 55% YoY in 2022
Revenues grew 14.8% to EGP 114.22 million last year from EGP 99.45 million in the previous year.
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Spain ink protocol to establish railway passenger cars’ factory
The protocol was signed by ENR’s Chairman Mohamed Amer and Talgo’s regional director Mohamed Khadra.
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World Bank agrees $7 bln, 5-year partnership with Egypt
The agreement will focus on boosting private sector jobs, provision of better health and education services, and adaptation to climate change.
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Egypt’s gold reserves rise to $7.773 billion in January
Net international reserves reached $34.224 billion in January 2023, from $34.003 billion in December 2022.
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Egypt bans sugar exports for three months: Trade minister
The Minister of Trade and Industry Ahmed Samir announced a three-month ban on all types of sugar exports, except quantities that exceed local need.
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EBRD and IFC support seawater desalination and renewables in Egypt
Egypt is among the world’s most water-stressed countries and is susceptible to climate change-induced freshwater scarcity.
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Top 10 Oldest Companies In Egypt
In this article, you will find some of the oldest companies in Egypt. Among them, there is one that was founded by a Greek businessman in 1919.
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Egypt’s pavilion at Holiday World fair gets best design award
Egypt’s pavilion at the 31st edition of the Holiday World Fair, held in Prague, the Czech Republic, won the best design award.
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Egypt and Marriott Power Hotel Development in Africa
This insight comes from this year’s African Hotel Chain Development Pipeline report, widely acknowledged as the industry’s most authoritative source.
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ITIDA: The abundance of tech talents in Egypt help outsourcing players realize global delivery potentials ahead of time
Collaborative Efforts Bear Fruit as Advansys and Celfocus Celebrate Successful First Milestones in Egypt.
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Egypt’s National Strategy for Competition Policy, Competitive Neutrality Conference kicks off
The Egyptian Competition Authority (ECA) launched Wednesday Egypt’s National Strategy for Competition Policy and Competitive Neutrality Conference.
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IFC invests $25m in Africa-focused private equity fund to support women entrepreneurs
It will make an equity investment of up to €25 million in the Mediterrania Capital Partners’ Mediterrania MC IV fund.
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Egypt’s Faisal Islamic Bank taps iGCB to power its digital banking services
The bank is set to deploy iGCB’s cloud-native CBX Retail (CBX-R) solution to modernise and expand its offerings.
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Egypt takes measures to counter high demand for US dollar
The Egyptian government is trying to counter high demand for US dollar via new sources of foreign currency.
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Egypt’s parliament approves grant agreement on inclusive economic governance worth $26M
The total grants directed to the comprehensive economic governance program become about $77.5 million.
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Egypt’s pharos swings back to profit in 2022
Pharos CEO Jann Brown said 2022 marked "significant change" for the company.
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Belarus, Egypt discuss industrial cooperation, assembly plants
The parties noted the importance of contacts between representatives of the business communities of the two countries for trade promotion.
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Egypt’s Macro Environment will Create $500 Million in New Investment Opportunities in Two Key Sectors
Non-bank lending and payments offer the best investment opportunities in Egypt’s current macro environment.
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German Amb. in Cairo Inaugurates Bosch Factory in Egypt
Germany has always been investing in energy and infrastructure, which lays a solid ground for industrial development.