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MNHD achieves 14.6% Y-o-Y growth in consolidated revenues in 2018

Madinet Nasr Housing and Development (MNHD), an urban developer in Egypt, has achieved consolidated revenues of EGP 2.78bn, representing year-over-year (Y-o-Y) growth of 14.6% in 2018, compared to EGP 2.43bn at the end of 2017, according to the company’s press statement regarding financial results for the year ending 31 December 2018. The statement said that …

Daily News Egypt

Ericsson joins O-RAN Alliance

Ericsson has joined the O-RAN Alliance, a group of leading telecom service providers and suppliers with the commitment to evolving radio access network (RAN) architecture and orchestration built on openness, intelligence, flexibility, and performance. As a member, the company will focus on the open interworking between RAN and network orchestration and automation, with emphasis on …

Daily News Egypt

MIIC seeks to attract more Italian investments into Egypt

The Minister of Investment and International Cooperation, Sahar Nasr, met with representatives of the Italian Export Credit Agency, SACE, and SIMEST, a company which supports the international development of Italian businesses. The meetings took place over her current visit to Italy in order to promote more investments to the Egyptian market. Italian investors affirmed their …

Daily News Egypt

ECES organises ‘Hub Africa’ annual competition for entrepreneurs

The Egyptian Center for Economic Studies (ECES) will hold an annual competition “Hub Africa” for entrepreneurs on 19 and 20 October, Abla Abdelatif, executive manager of ECES, said. The competition will be held in cooperation with five partners, the American University in Cairo (AUC); Gemini Global Development, a company owned by Naguib Sawiris; Qalaa Holding; …

Nevine Kamel

ETA, Uber Egypt agree on mechanism to collect VAT: Finance Minister

The Minister of Finance, Mohamed Moeit, announced that an agreement was reached between representatives of the Egyptian Tax Authority (ETA) and Uber Egypt to collect the value added tax (VAT) from the tech firm in application of the provisions of Law No 67 of 2016. Moeit said that the agreement comes as result of the …

Daily News Egypt

Berlinale 2019: Awards announced, festival concludes

The Golden Bear, the top award at the Berlin International Film Festival (BIFF), went to the Israeli-French-German co-production Synonyms by director Nadav Lapid. It was given to the producers of the film Saïd Ben Saïd, Michel Merkt. It follows the story of Yoav, a former soldier in the Israeli army. In Paris, things do not …

Adham Youssef

MREC, Amaco agree to export real estate, promote Egypt-Saudi cooperation

MREC for Integrated Real Estate Services and Saudi Amaco has signed a strategic agreement to promote and organise conferences and exhibitions. The agreement stipulated promoting WAFIEX 2019 exhibition for selling off-plan real estate projects, which will kick off in Saudi Arabia from 9 to 11 March. WAFIEX will be held under the patronage of the …

Shaimaa Al-Aees