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SCZone, Russia consider launching investment project worth $7bn

A number of meetings were held between the General Authority for the Suez Canal Economic Zone (SCZone), the Egyptian Ministry of Trade, and the Russian economic delegation to implement an investment project worth $7bn in East Port Said which will provide about 35,000 jobs, said Abdel Kader Darwish, deputy head of SCZone. He added there …

Daily News Egypt

CIB Smart Wallet partners with Careem Egypt to promote e-payments

The Commercial International Bank-Egypt (CIB) announced collaboration model with Careem-Egypt for the first time in the local and regional markets The new partnership provides Careem-Egypt with an integrated set of digital financial solutions to efficiently manage the incentives and payments disbursement to company captains via CIB Smart Wallet. Careem staff can also deposit and withdraw …

Daily News Egypt

First Arab caricature summit kicks off in Luxor 

For years, caricature has been a significant method to document people’s hidden thoughts and unrevealed emotions. The simplicity of a sketch drawn by only using basic colours is as critical as war weapons: both target society’s troubles. To combine the work of caricaturists across the Middle East and create a common platform to display and …

Daily News Egypt

How Egyptians coped with soaring prices???

Egypt, a country with a population of 90m, where more than 28% of them live below the poverty line, has been struggling with economic challenges and political turmoil since the 25 January Revolution in 2011. In November 2016, the government started to implement the economic reform programme backed by the International Monetary Fund (IMF), which …

Daily News Egypt