News
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Egypt’s TSFE includes 5 companies in Pre-IPO Subfund
This step paves the way for selling stakes ranging between 20% and 30% in these companies to strategic investors, the sources said.
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Sweet potato volumes are declining in Egypt
The cost of one ton of sweet potatoes harvested at our farms is almost EGP 5,000 compared to EGP 3,750 last year.
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4th Edition of Startups Without Borders Summit to return to Cairo on February 2023
ince 2018, Startups Without Borders has been building world-class events gathering over 12,000 entrepreneurs.
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IT minister, NIELIT director general probe cooperation
The cooperation will be in the field of building up digital capacities within the framework of initiatives and programs floated by the ICT ministry.
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Egyptian ports release goods worth $1.5 billion in 10 days
PM Mostafa Madbouly reviewed a detailed report on the latest developments regarding the situation of goods released at Egyptian ports.
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Integrating the informal economy
Following its two-week recess, the Senate debates ways to regulate informal economic activity.
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McGraw Hill expands engagement with two prominent Egypt schools to advance digital learning
McGraw Hill today announced that two prestigious institutions in Egypt, Rajac International School and OWN Heliopolis School.
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Egypt started extracting green ammonia in cooperation with private sector
Shaker explained that 9 framework agreements were signed to implement green hydrogen production projects and its derivatives using renewable energies.
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Telecom Egypt, Huawei to set up Africa’s first green tower
There was a recent announcement that there will be the implementation of the first eco-friendly, integrated solution to provide mobile networks.
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Gold prices in Egypt reach record high
The price of the 21-karat gram hit a record high of EGP 1,630 in December, up from EGP 1,054 in August.
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Alex Pharma reports 19% YoY profit hike in 5 months in Egypt
The company’s net profit after tax jumped to EGP 71.283 million in July-November from EGP 59.908 million the year before.
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Egyptian Oil, Gas exports to increase 30.6% by 2022/23
The WB stated that Egypt’s current account deficit in FY2021/22 narrowed to 3.5% of GDP, compared with 4.4% in FY2020/21.
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FinTech Egypt launches first national digital academy
CBE FinTech Egypt initiative launched on Wednesday the country’s first digital academy to empower employees with the right skills in different sectors
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1st flight from India to arrive in Sharm el-Sheikh for wedding-based tourism
The Egyptian Company for Airports and Air Navigation announced in a statement that this event is promising beginning to attract a new type of tourism.
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Destination wedding global market report 2022
The term destination wedding refers to a wedding that is planned ahead of time in a location, usually a high-end resort.
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Petroleum projects exempted from investment rationalization decision
El Molla added that the companies that entered into partnerships with the Ministry of Petroleum usually cover initial investments in new projects.
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Egypt’s solar energy company KarmSolar secures $3 million from HSBC
The new solar project is expected to become fully operational by Q3 2023.
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CIB Egypt offers Certificates of Deposit with distinctive return, following NBE, Banque Misr
Commercial International Bank Egypt announced Tuesday, that it would raise the interest on Certificates of Deposit (CDs) for a year and a half.
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Japan loans Egypt $306m towards cost of line 4 of Cairo metro
Japanese systems and trains will be used as part of the official development aid loan, which has a 40-year repayment horizon.
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El Molla tours the future mineral forum exhibition in Riyadh
The exhibition involved an area for presenting the latest mining techniques currently and in the future in addition to an outdoor area.