News
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X-ERA, Paymob join forces to offer digital B2B payments tool in Egypt
Paymob’s gateway will process various methods of payments, including credit card, digital wallet and others on the X-ERA app.
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MSMEDA pumps LE 6.8B to 222K small, micro projects during 2022
This came during a meeting held by Prime Minister Mostafa Madbouli, with the CEO of the MSMEDA, to follow up on a number of the agency's work files.
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Orascom Construction to distribute interim dividend of $0.18/share
Revenues of the EGX-listed firm grew to $3.05bln during 9M-22.
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Arab Drug logs 108% increase in 6 months
Arab Drug is an Egyptian company engaged in the pharmaceutical sector.
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Egypt economic growth this year seen quicker than government forecast
Egypt's economy will grow 4.8% in the current fiscal year, faster than predicted by the government.
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Grand Egyptian Museum at 100% completion, ticket prices announced
Chief archaeologist at the Ministry of Tourism and Antiquities, Magdy Shaker, assured that the opening ceremony of the GEM will be “legendary”.
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Fitch Solutions expects 52 million tourists to visit Egypt till 2026
It said that Egypt enjoys a distinguished geographic location in addition to different types of tourism.
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Travco Group to boost hotel capacity in 2023 with EGP 7B in investments
The group will directly finance 60% of the investments, with the remaining to be funded through loans from banks, the CEO revealed.
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Juhayna’s stock soars following CEO, son release from prison
In the first nine months (9M) of 2022, Juhayna’s consolidated net profits amounted to $25.03mln.
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Egypt's Sisi defends mega-projects with economy under strain
These included the expansion of the Suez Canal, the construction of a new capital in the desert, and extensive road building.
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Egypt to import more wheat from Germany
The contracts include the approval of “Egypt’s conditions” regarding the requirements for “moisture contents,” the statement added.
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EFinance signs partnership MoU with F5 to help protect and optimise Egypt’s digital transformation priorities
Cloud- and cybersecurity-focused partnership set to benefit organisations across Egypt and improve citizens’ lives.
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Is now the right time for Egypt’s government IPOs?
The current time is appropriate for the government to resume its IPO programme, in parallel with the economic reform plan.
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Saudi company prepares to open huge plant in Egypt
The new plant was built on an area of 15,527 square meters and its investment is close to one billion Egyptian pounds last year.
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Misr Hotels’ net profit increases by 129.7% in 6 months
Misr Hotels is an Egypt-based joint stock company engaged in tourism investment activities.
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Eggs, poultry prices expected to drop after release of large amounts of fodders from ports
These released amount equaled 2.1 million tons of fodders, including 1.5 million tons of corn and 623 tons of soybeans, El-Quseir noted.
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Vodacom lands 2Africa, the world's largest subsea cable, in EC
The subsea cable project aims to significantly increase the capacity, quality, and availability of internet connectivity between Africa and the world.
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Sisi endorses law on building, developing superstructure in Ain Sokhna port
The under-construction company is an Egyptian stock venture under the free zones system.
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Gov't denies intention to sell flag carrier "EgyptAir"
The Ministry stated that the company continues its path of advancement and preserving workers, based on its national and societal role.
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Egyptian Cabinet releases figures on furniture industry
On the other hand, Egypt's imports of furniture rose by 7.2 percent in 2021 hitting $303.3 million up from $282.9 million in 2020.