EGP 14.596bn increase in the value of CBE’s gold balances by end of November 2022

According to the financial statements of the CBE, the bank’s total assets rose to EGP 3.699 trillion at the end of November, compared to EGP 3.480 trillion — an increase…

Hossam Mounir

Egypt-US trade exchange increases to $7.3bn in 9M 2022: CAPMAS

US investments in Egypt amount to $9.2bn in 2020/21

Hossam Mounir

PTS Investments acquires part of Egypt’s healthcare firm EDAM

This acquisition aims to deepen the US-based company’s direct investment into the Egyptian and MEA region mainly in the technology and applied engineering, as well as the sectors of health,…

Daily News Egypt

Visa pledges to invest $1bn in Africa to accelerate digital transformation

During US-Africa Business Forum, Visa outlines pledge to invest $1bn in Africa by 2027 to scale operations, deploy new innovative technologies

Daily News Egypt

Meta launches My Digital World to secure the online safety of students in Palestine

Mohammad Salameh, Deputy Chief Field Education Programme at UNRWA, commented: “Recognizing the importance of students’ participation and interaction in the digital space, UNRWA seeks to engage in this world and…

Daily News Egypt

US-Africa Summit gives impetus to US relations with African countries: Egypt’s Presidential Spokesperson

President Al-Sisi met with republican leaders, US Secretary of Defence

Sami Hegazi

Egypt, Zambia sign MoU to enhance cooperation in communications, information technology

According to a press release by the ministry, the two countries largely cooperate in the areas of digital transformation, postal services, and institutional capacity building.

Mohamed Alaa El-Din

Agreement held between TE, Grid Telecom to establish submarine cable linking Egypt, Greece

The agreement was signed by Adel Hamed, Managing Director and CEO of Telecom Egypt, and Manos Manousakis, Chairman and CEO of IPTO.

Mohamed Alaa El-Din

EFG Hermes concludes advisory on Americana $1.8bn dual listing on the ADX, Saudi Exchange

This is the first-of-its-kind concurrent dual listing between the two exchanges, with the firm acting as joint bookrunner and underwriter on the listing.

Fatma Salah

Cairo 3A signs partnership to distribute Driscoll’s berries in local market

The partnership allows Cairo 3A Agricultural to distribute berry products in the local market with a plan to farm them in Egypt

Daily News Egypt