Egypt spends EGP 3.1bn in outdoor advertising during 2022: AdMazad
AdMazad conducts over 35,000 billboard audits across Greater Cairo, Alexandria
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2.24% increase in manufacturing, extractive index during November 2022
CAPMAS has updated the index methodology using the base year 2012/2013 and at the level of main indices of industrial activity according to Industrial Activity Manual (ISIC Rev.4) and by using the monthly index (for producer prices based on 2012/2013) since January 2020.
ITIDA opens door for application to 18th ITAC’s Graduation Projects Programme
ITIDA raises allocated funds for number of ITAC programmes
Phlog Egypt launches its 1st e-photography platform that connects photographers with buyers
Phlog launched its photo buyer platform that connects buyers and photographers worldwide. This platform enables photo buyers from marketing experts, agencies, and art lovers to purchase images for use in their designs or articles or their enjoyment. Phlog is the first online platform of its kind in Egypt. It builds a community that motivates photographers …
Spanish Embassy, Sports Ministry deliver certificates to the winning participants of “Be creative entrepreneur”
The ceremony was attended by the Head of the Spanish Cooperation in Egypt, Eva Suárez Leonardo, as well as representatives from the Ministry of Youth and the Spanish Cooperation.
Paymob partners with Khazenly to fortify its digital enablement of merchants in Egypt
Paymob, a leading financial services enabler in the MENA-P region and Khazenly, Egypt’s premier on-demand digital warehousing and fulfilment management platform, announced that they have signed a partnership agreement that will enable merchants to fully digitise business operations. The strategic partnership creates an end-to-end ecosystem that combines Paymob’s multiple digital payment acceptance and payout solutions …
Gold prices record 1.5% increase during January 2023
25% certificates attract liquidity from local gold market, says Gold Bullion
Clear monetary policy, stable exchange, production incentives essential for better investment climate: EJB
The EJB noted that there is a fear among foreign investors of entering the local market in light of the shortage of foreign exchange, which makes it difficult to transfer funds abroad. Hence, large fluctuations in the exchange rate without control represents great losses for foreign investment in general, consequently, there is a need to control the exchange market because it affects many production derivatives.
Health Minister discuss joint cooperation with African Union delegation
The cooperation aims to increase the manufacture of vaccines on the continent to meet 60% of the demand by 2040
Al-Sisi receives Mauritania’s Defence Minister for official discussions
The meeting was attended by Egypt’s Minister of Defence and Military Production
Mountain View achieves a remarkable sales milestone of EGP 31bn in 2022
With this exceptional sales record, Mountain View continues to maintain its position among the largest real estate developers in terms of sales in Egypt with 56% growth compared to 2021 sales. To top that off, the company plans to deliver 2,100 units this year.
Germany, US mark Holocaust Remembrance Day
The Holocaust marks the darkest chapter of German history and must never be forgotten. Germany is committed to drawing the lessons from its past for the present and the future. Speaking during the event, German Ambassador Frank Hartmann stressed: “It is our duty as a nation and as humans, to keep the memory alive and make sure that history does not repeat itself. Never forget, and never again. This became a supreme priority of our education, and of our Foreign Policy
Customs clearance of goods at Egyptian ports returns to normal levels: Official
During his meeting with the Tax and Customs Committee of the American Chamber of Commerce in Egypt, Ghatouri revealed that there are assignments from President Abdel Fattah Al-Sisi to study the local production of containers and localizing the cargo handling process.
EiTESAL holds workshop on cooperation between technology companies, banking sector
The meeting, in which 30 local companies participated, reviewed the success stories of two major software companies in the Egyptian market, in which they stressed the need for an element of trust and transparency to be present in the application submitted to the bank to obtain this financing
Agriculture Minister, Brazilian ambassador in Cairo discuss increasing trade exchange
The Minister of Agriculture emphasized the strength and durability of the relations that bind the two countries, as well as the areas of joint cooperation, foremost of which is the agricultural field, and related activities.
Petroleum Minister, Australian ambassador discuss investment opportunities in mineral sector
Both parties discuss ways to enhance cooperation, especially in mining, gas, green energy
EBRD, British International Investment provide $100m subordinated loan to Banque du Caire
EBRD to provide further technical support to improve Banque du Caire’s corporate climate governance practices
Irrigation Minister, German ambassador discuss joint cooperation in water sector
Sweilam calls for directing funds to adaptation, mitigation of climate change effects
THAMM Programme opens its 2nd regional conference in Egypt
Conference focuses on Mobility Schemes between North Africa, European countries
Development partners to commit $30bn to boost food production in Africa: Dakar 2 Summit
Among the development, partners are the African Development Bank which plans to contribute $10bn over five years, and the Islamic Development Bank, which intends to provide $5bn.
Sandoz Egypt Pharma, Ibnsina Pharma partner to improve patient access to OTC Products
The step strengthens the company’s commitment to widening access to products, with the help of Ibnsina’s expansive nationwide network. The broad outlines of the agreement amplify both companies’ efforts to reach a higher number of underserved patients.
ONE Africa Digital Summit spearheads multi-sectoral conference programme at inaugural GITEX AFRICA 2023
Powerful forum in Marrakech, Morocco gathers government and private sector leaders to steer Africa’s transformation into a single digital market
PM follows up on ACI system, efforts to release piling goods at ports
Government keen on ending accumulation of goods in Egyptian ports, says Madbouly
Al-Sisi, Armenia president discuss boosting bilateral relations during historic visit
Both presidents address global economic repercussions of Russian-Ukrainian crisis
GMG to open 2 locations at Open Air Mall, All Seasons Park of TMG’s Madinaty
The two stores will occupy an area close to 1,600 sqm across both destinations and are planned to open in 2023. The agreement will boost the overall retail offering of the fully integrated city and will provide visitors with the opportunity to shop from exciting globally recognized brands.
CIB pushes EGX to its highest level since July 2018
The share of the Commercial International Bank (CIB) rose 4.9% to EGP 48.7 with a turnover of EGP 360.6m, and the share of Hermes also increased 4.7% to EGP 19.24 with a turnover of EGP 302.4m.
Agriculture Minister, FAO representative discuss future cooperation
Elkosayer noted that the Ministry of Agriculture will participate with the FAO in providing technical support and experts to spread correct agricultural awareness and apply modern and advanced systems in agriculture.
IEA expects decline in global fossil fuel consumption
It indicated that high gas prices owing to the supply crunch has accelerated a shift towards renewables in Europe whilst stymieing its potential as a transition fuel in emerging Asia. Growth in advanced economies has been underpinned by measures such as the Inflation Reduction Act in the US.
Swvl aims to back out from Turkish startup Volt acquisition
Swvl suffered from low liquidity and high financial losses during the recent period.
Government fully cooperates with Central Bank to ensure economic stability: Finance Minister
Standard & Poor’s maintaining Egypt’s credit rating for 2nd time in 3 months shows that Egyptian economy is recovering from global crisis: Maait