News
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South Africa's Vodacom Acquires 55% Stake In Vodafone Egypt With EFG Hermes Advisory
State-run Telecom Egypt will continue to be the company's minority partner with a 45% stake.
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Egypt’s exports to Africa grow 25.4% YoY in Q1 2022
Egyptian exports to Africa increased at a faster pace in 2021 than to the country’s total exports to the world.
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Egypt's President meets World Bank's David Malpass in Washington
Rady said that the consultations aim to support the national efforts in Egypt to preserve the path of comprehensive development.
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1.3M ounces of gold discovered in Egypt's Sukari mine reserves
The Sukari mine has produced more than 5 million ounces of gold, and today the expected life of the mine is 14 years.
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After raising interest rate by 50 bps, what will be the impact of the US Fed Reserve’s decision on Egypt?
The Federal Reserve abandoned an unprecedented series of decisions to raise interest rates by 75 basis points.
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MSMEDA, EU, AFD cooperate to develop informal settlements
Gamea praised the continuous cooperation between MSMEDA and the Ministry of International Cooperation in concluding agreements.
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'International Gold and Jewelery' exhibition kicks off in Kuwait
The exhibition is scheduled to receive the public until December 19.
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Egypt's central bank extends deadline for upping banks' credit facilities portfolio to 25% for a year
The decision resulted in pumping EGP 117 billion to the MSMEs sector by the end of 2022.
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An Egyptian-Emirati alliance aims to control construction, water and energy projects in the Middle East and Africa
It is worth noting that the Emirati ARJ Group consists of 49 companies. The group covers all sectors of building, construction and investment.
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Gold prices decline after US federal's decision to raise interest rate
Spot gold was last down 0.30% to $1,80489 per ounce. U.S. gold futures fell 0.50% to $1,816.30.
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Christian Dior to launch into Egyptian Market in 2024
Baudy stated that Dior is following up on Egypt’s efforts to stabilize its economy, and expediting procedures in ports, customs.
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Energy efficiency is the best way for industry to cut costs and reduce emissions right now
Energy efficiency is our ‘first fuel’ for a decarbonized future.
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Egypt, Saudi Arabia discuss strengthening bilateral cooperation in tourism
By activating a number of tourism initiatives, including the tourism education and training initiative, and the development of tourism activities.
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ValU signs strategic partnership with leading GCC payments Fintech platform Geidea
The partnership will drive the growth of the BNPL player’s retail merchants while also enabling Geidea to augment its current services and solutions.
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Italy's Saipem wins offshore contracts in Guyana, Egypt for around $1.2 billion
The second contract awarded by Petrobel, a joint venture between Eni SpA and the Egyptian General Petroleum Corporation.
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Cabinet: commodities prices to drop by 2023
He explained that the pumping of commodities into the markets had an important role in controlling the rise in prices.
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Egypt's exports to European Union doubled in 2022
Egypt's exports to the European Union (EU) have doubled in 2022 after reaching about 8 billion euros, up from 4 billion euros in 2021.
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Qatar: Deputy prime minister and minister of foreign affairs meets Egyptian minister of planning and economic developmen
During the meeting, they discussed bilateral cooperation relations between the two countries and means of supporting and consolidating them.
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Azza Fahmy collaborates with Balmain on A bustier inspired by ancient Egyptian legacy
Azza Fahmy received inspiration in the form of ancient Egypt and, through channeling new realms of creativity, created a masterpiece.
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Microsoft and Viasat partner to provide satellite internet services to underrepresented communities in Africa
Through Airband, Microsoft and its partners have a track record of bridging the digital divide in the developing world.