Shaimaa Raafat

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Latest by Shaimaa Raafat


11th Cairo International Women’s Film Festival’s kicks off 

The 11th edition of the Cairo International Women’s Film Festival kicked off on Saturday with screenings extending until 9 March. The festival will screen 54 films from 34 different countries including feature, documentary, and animated films. On Saturday, the festival opened with the Algerian film Until the End of Time, with the attendance of its …

Shaimaa Raafat

EGP 3.027tn total deposit balances in 2016/2017 

Total deposit balances increased in 2016/2017 to reach EGP 3.027tn, an increase of 43.1%, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS). The CAPMAS attributed this increase to shares of the household sector and private business sector, as well as to the contribution of the economic measures adopted since January 2016, which …

Shaimaa Raafat

Egyptian volleyball team led by Italian manager in 2018 FIVB World Championship

The Egyptian Federation of Volleyball, headed by Khaled Nassif Salim, decided to appoint an Italian manager to lead the national team in the 2018 FIVB Volleyball Men’s World Championship. The federation board will also choose between three coaches to start the preparation period of the volleyball team for the world championship, scheduled to be held …

Shaimaa Raafat

Pharaohs hold excellent chance in World Cup 2018: team management

The management of the Egyptian national team claims they feel certain that they will make it through the group stages in Russia, conjecturing that the team holds a great chance to surprise fans during the competition. Coincidentally, the Pharaohs have managed to qualify for the World Cup for the first time in 28 years. Moreover, …

Shaimaa Raafat

8.9% expected growth in investments in FY 18: FocusEconomics

The FocusEconomics Consensus Forecast expects total investments in Egypt to grow 8.9% in fiscal year (FY) 2017/2018, up 3.2% from last month’s estimates. The FocusEconomics report said that investments are expected to grow to 10.2% in FY 2019. The report noted that the recent investment and industrial licensing laws are likely to boost investment; consumer …

Shaimaa Raafat

How small franchise projects can get funding from the Industrial Development & Workers Bank of Egypt

The Industrial Development & Workers Bank of Egypt offers funding for franchise businesses, whether existing or new projects, and for both local and international projects. The bank provides funding for all production, service, and commercial activities, including economic, industrial, livestock, poultry, tourism, and agricultural projects. The bank finances the purchase of new machinery, spare parts, …

Shaimaa Raafat

EBRD, QNB ALAHLI join forces to support women entrepreneurs in Egypt

In line with EBRD’s support for the development of micro, small, and medium enterprises in Egypt, and the leading role of QNB ALAHLI in Egypt regarding that field, EBRD offered a senior loan of $20m to QNB ALAHLI SAE for on-lending to local small businesses. The loan is the first under EBRD’s new “Egypt Women …

Shaimaa Raafat

Al Ahly Club files an official complaint to CAF against final game referee

Al-Ahly has filed an official complaint with the African Football Confederation (CAF) against the referee, Bakary Gassama, who ran the African Champions League final in Casablanca yesterday between Al Ahly and Wydad Athletic Club. Head of Al Ahly, Mahmoud Taher, said that there were several reasons behind the complaint, including what he described ad serious …

Shaimaa Raafat