Latest in Day: December 7, 2022 Highlight
Latest in Day: December 7, 2022
CIB supports Egypt’s renewable energy transition
This comes in light of the recently concluded UN Conference of Parties on Climate Change (COP27) and Egypt’s strategy to expand its renewable energy sources in line with the government’s launch of the Nexus of Water, Food, and Energy (NWFE) programme. The project’s construction is expected to start in December 2022 and last for 30 months.
Egypt, China discuss ways to enhance cooperation in tourism and archaeology
The two sides discussed mechanisms to push more tourist movement from China to Egypt and investment opportunities in the hospitality industry
Dior to launch its business in Egypt sometime in 4Q 2024
The minister said that Dior, which specialises in fashion products such as clothing and perfumes, seeks to launch its business in the Egyptian market by establishing a number of retail outlets for the company’s products.
Egypt’s Health Minister discusses cooperation with French Ambassador
Hossam Abdel Ghaffar — Official Spokesperson for the Health Ministry — explained that the meeting discussed the development projects that are being implemented in cooperation between the ministry and the French Development Agency, which started in 2017.
Dentacarts dental platform aims to close a $10m funding round in 2023
In response to Daily News Egypt’s question about the use of financing on the side-lines of a round table at the company’s headquarters on Monday, he explained that the company aims to use the new financing to expand regionally, starting with the Saudi market and a number of African markets, specifically Kenya and South Africa.
West’s cap on Russian oil risks exacerbating Europe’s energy woes
Whether the move will prove effective largely depends on market response, observers have noted. However, with opposition from Russia, the price cap could trigger growing instability in the market, slowing oil production and even further exacerbating Europe’s pain inflicted by the energy crisis and soaring inflation, they said.
e-finance aims to penetrate Saudi market next year through a partnership with PIF
The sources told Daily News Egypt that the expansion of digital services inside Saudi Arabia is the purpose behind the Saudi sovereign’s acquisition of a stake in the company earlier this year.
BII interested in green hydrogen, renewable energy projects in Egypt
The company is considering financing a number of green hydrogen projects during the coming period
Sovereign Fund of Egypt to take part in new green hydrogen projects
Soliman’s statement came on the side-lines of the Euromoney conference, where he said that renewable energy in Egypt as a field is very promising, and Egypt can seize a large market share in the industry. Additionally, there are a number of protocols that will be signed during the coming period with many developers in this sector.
Egypt plans to offer $500m worth of sustainability bonds in 1H 2023
In exclusive statements to Daily News Egypt on the side-lines of the Euromoney conference, Maait said that there are currently consultations with several banks to promote the offering.
Egypt, Jordan reaffirm full support for Iraq and its security, stability, sovereignty
The trilateral mechanism aims to maintain the stability and interests of Egypt, Iraq, and Jordan: Egypt’s FM
Egypt, UAE, discuss enhancing aspects of cooperation in various fields of development
At the beginning of the meeting, Al-Mashat stressed the close historical relations that bind Egypt and the UAE, which are characterized by privacy and diversity at the level of all areas of priority for the two brotherly countries over the past 50 years.
Egypt’s IT offshoring and business services sector sees strong growth momentum with 29 new agreements with technology MNCs
A signing ceremony between the ITIDA and 29 global enterprises was held in Cairo, showcasing sustained confidence in Egypt’s offshoring and outsourcing sector
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Free Antivirus For property Use, Relatives, Or Personal Use
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