News
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1,500 more hotel rooms on way to serve visitors to Egypt’s pyramids, Grand Museum
Egypt’s Al-Ahram area real estate development project will add 1,500 hotel rooms to serve visitors to the Grand Museum and the pyramids.
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Egypt keen to bolster structural reforms, maximise role of private sector in economy
Egypt is currently engaged in an Extended Fund Facility programme that extends over 46 months, through which Egypt is to receive a total loan of $3 bn
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Hitachi Energy’s innovative technology supports Egypt’s grid expansion
The solution – for Egyptian Electricity Transmission Company (EETC), the national grid operator - is also part of the government’s plan.
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Egyptian-Israeli talks on Mediterranean gas and its export
Egyptian Minister of Petroleum and Mineral Resources Tarek al-Mulla received on Sunday in Cairo, the Israeli Energy Minister Israel Katz.
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Egypt keen on strengthening cooperation among Arab economies to avoid severe shocks
This came during his bilateral meeting with Director General and Chairman of the Board of Directors of the Arab Monetary Fund (AMF).
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Intella takes home first place at regional startup world cup competition
The deep tech company secured first place and will now be heading to Silicon Valley to compete in the grand finale for a $1M USD prize.
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Cannon Artes awarded contract to build a desalination plant in Egypt
Cannon Artes, a Cannon Group company, has been awarded a turnkey contract by the Suez Oil Processing Company (SOPC) to build a desalination plant
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EgyptAir Holding, Arab Investors Union ink protocol to promote medical tourism
The deal also seeks to activate the religious tourism movement to visit distinguished religious sights in Egypt.
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IEF and East Med Gas Forum sign collaboration pact in Cairo
MOU signed to advanced regional energy dialogue encompassing security, transparency and decarbonisation.
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Egypt signs 5 MoUs with int'l companies on carbon emissions reduction, digital transformation
The MoUs and agreements aim to boost bilateral cooperation in the fields of reducing carbon emissions, digital transformation and sustainability.
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Duck Donuts opens first store in Egypt with Master Foods
The US donut and coffee chain makes its long-planned Egyptian market debut and will trade alongside fellow US bakery café chains like Cinnabon.
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Noon.com announces completion of Namshi acquisition
With more than 1,200 brands and an unrivaled selection of products, Namshi has quickly established itself as a well-known local brand.
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UAE's Dana Gas to pump $100M investments in Egypt during 2 years
Four international bids have been launched on Egypt's digital portal for exploration and production that was launched early 2021.
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Gold division negotiates Egypt’s accession to world jewellery confederation
The head of the gold division added that joining the CIBJO requires strengthening the Egyptian presence of the gold and jewelry industry globally.
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Ora developers Egypt group to acquire new land in Egypt’s ElSheikh Zayed extension
The land acquisition was part of an EGP 24 billion investment, to develop a project that will enclose residential and non-residential units.
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Egypt’s City Edge appoints Counsel Masters to operate its $133mln North Square Mall
Al-Dahaan added that City Edge will launch Latin district project in New Alamein City this year and will start delivering New Alamein Towers next year
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Wafeq: the fintech catering to regional standards
A homegrown solution for accounting software always dominated the market and held a 10x larger market share compared to the second largest player.
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ADIB Egypt sees 51% higher consolidated profits in 2022
Abu Dhabi Islamic Bank-Egypt generated consolidated net profits after tax worth EGP 2.18 billion in 2022, an annual leap of 51% from EGP 1.45bn.
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Engineering industries: Listing 32 companies on stock exchange activates national economy
Al-Feki said that the listing on the stock exchange contributes significantly to pumping investments in companies.
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Egypt’s share of global tourism less than 1%
Tourism expert Mostafa al-Naggar said that while the global tourist industry brings in an estimated $2 trillion annually, Egypt’s share is 1%.