Gold sales stall in Egypt
The local gold price in Egypt is unstable, with inconsistent pricing and trading, according to a Gold Bullion report. The shops are worried about their gold reserves and the lack…
Minister of Tourism urges new hotel investment incentives
The Minister of Tourism and Antiquities, Ahmed Issa, urged the banks and the private sector institutions to provide hotel investment incentives according to the new regulations approved in a cabinet…
Egypt, General Electric cooperate in health sector
Egypt’s Minister of Health and Population, Khaled Abdel Ghaffar, Tuesday met with representatives of General Electric at the Arab Health Exhibition in Dubai, UAE. The exhibition will run from January…
Egypt, New Zealand discuss Gaza crisis, Red Sea security
Egypt’s Foreign Minister Sameh Shoukry and his New Zealand counterpart Winston Peters had a phone conversation on Tuesday to discuss the humanitarian crisis in the Gaza Strip and the political…
Egypt’s Ministry of Finance to issue EGP 540.25bn worth of T-bills, bonds in February
The Ministry of Finance plans to launch 25 auctions for treasury bills (T-bills) and bonds worth EGP 540.25bn in February. This consists of 16 auctions for bills totalling EGP 528bn…
Israeli army escalates bombing in Gaza amid EU, US support
The Ministry of Health in Gaza reported on Tuesday that the death toll from the Israeli war on the Gaza Strip had reached 26,751, while 65,636 people had been injured.…
Standard Chartered Bank opens doors in Egypt, eyes trade, investment boost
Standard Chartered Bank (StanChart) officially commenced operations in Egypt on Tuesday, marking a strategic move to support the country's economic development ambitions. Receiving the final green light from the Central…
Robust raises $3m to expand its AI-powered delivery logistics solutions
Robust, an emerging technology company that specializes in logistics with artificial intelligence (AI), has secured a $3m funding round led by Silicon Badia, with participation from Reimagined Ventures, Flat6Labs, and…
Cairo’s hospitality sector sees occupancy rates rise to 70% in November 2023
Egypt’s tourism numbers, soaring at about 8 times the global tourism rate of 4.5%, have been crucial in boosting overall growth, according to JLL’s “A Year in Review” report of…
SAK invests EGP 2bn in Egypt’s real estate market
Company explores new investment opportunities in east, west Cairo, says chairperson