News
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Banks inject EGP 53.2bn in mortgage financing initiative for low-income individuals
This comes within the framework of the mortgage financing initiative for low-income individuals, until the end of January 2023, which is 95.8% of fund
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Egypt’s trade minister touts $994 mln trade exchange in meeting with Swiss ambassador
Samir pointed to the ministry's desire to benefit from Swiss expertise and experiences in developing small and medium enterprises and green economy.
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Egypt food exports grew slightly in 2022
Foodstuff exports from Egypt had a slight growth of 0.5% last year compared to 2021. They reached USD 4.124 billion against USD 4.102 billion in 2021.
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SCZone, EBRD to sign 2nd phase of digitizing investors services by end of Feb.
This cooperation is necessary to provide technical support and to improve the quality of services by raising the efficiency of human cadres.
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The "Nile Property Expo" has gained the Prime Minister's patronage in 2023
Dr. Mostafa Madbouly, Prime Minister, agreed to sponsor the "Nile Property Expo" and Conference during 2023.
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Bahrain eyes Egypt-built Gowind Corvettes
Bahrain is interested in acquiring two warships of the Gowind type (Naval Group), which would be manufactured in Egypt by Alexandria Shipyard.
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Strategic partnership between Pickalbatros hotel group, Booking.com
E-reservations have become imperative for tourism in Hurghada, Sharm El-Sheikh, Marsa Alam and all of Egypt in general.
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Sealand Europe becomes cold chain partner for Egypt’s Magrabi Agriculture
In the future, Sealand – A Maersk Company will take care of Magrabi’s whole fresh produce export to many destinations in- and outside Europe.
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$1.65bn in transfers done through the company during 2022: IBAG
IBAG, the official and oldest agent of Western Union in Egypt since 1995, revealed that the number of transfers from Egyptians abroad reached 2.8 m.
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B Investment concludes sale of 6.38% equity in TotalEnergies Egypt
Revenues widened to EGP 1.32 billion in 9M-22 from EGP 112.08 million in 9M-21, the basic and diluted earnings per share hiked to EGP 4.04.
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Saudi Alinma Investment raises stake in Egypt’s Rekaz Holding to 7.06%
The Riyadh-based firm purchased 412,873 shares in the Egyptian company for EGP 1.30 million, at an average price of EGP 3.17 per share.
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US$4.1 billion in tourism revenues during the first quarter
Tourism revenues rose by 43.5 percent to record US$ 4.1 billion compared to US$ 2.8 billion during the same of last year.
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Cairo University leads Egyptian universities in 2023 Webometrics Ranking
The ranking of Cairo University according to this classification in January 2022 was 618, and in January 2023 it became the 542nd in the world.
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Egypt’s real GDP growth to slow to 3% in 2023 as higher inflation looms
Egypt’s real GDP growth is expected to moderate to 3% in 2023 with a higher inflation anticipated Fitch Solutions said in its MENA Monthly Outlook.
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Marsa Alam Airport receives 2 flights from Italy, carrying 300 tourists
It was also shown from the weekly flight lists that the most arriving Polish flights are followed by the Czech, German, and Italian flights.
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BARQ Systems expands its portfolio of services with leading – edge cybersecurity services
This new addition in BARQ’s business offerings, aims to scale-up digital transformation within the public and private sectors across the region.
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Value of Egyptian exports to Croatia grows by 304.8% in 1 year
The total value of trade between the two countries grew by 90.8 percent hitting $203.9 million. Exports recorded $107.8 million, imports $96 million.
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Satellite pay TV landscape in the Arab world
The 4 MENA-based services, Al Majd, beIN, GOBX, and OSN were analyzed from 2014 to 2022. They are fighting to stay relevant, report says.
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FRA approves Aman for Financial Services’ EGP 400m bond issuance
The issuance will be completed during the current month, to make new expansions for the company during the first half of this year.
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Egypt’s 365 Ecology on track to deliver 5 projects in 2023
Electromechanical works contracts worth $19mln would be completed by the end of 2023, stated Osama Bekhit.