Egypt converts helicopter carrier into field hospital as Libya floods death toll tops 6,000
Egypt has converted its Mistral helicopter carrier into a field hospital and sent it to Libya’s shores to alleviate the impacts of a humanitarian disaster caused by floods that have…
Opinion| Rise of new powers and US decline: Challenges and opportunities
The world is in the midst of a major shift in power dynamics. The shift from a unipolar world order, in which the United States was the dominant power, to…
Overconfidence leaves Egyptian consumers vulnerable to scams
A new study by Visa found that overconfidence is leaving consumers in Egypt vulnerable to scams.
New Sina to invest EGP 1bn in food, beverage market in 1Q 2024
New Sina for Food Investment and Beverage announced that it plans to invest EGP 1bn in the food and beverage market in the first quarter (1Q) of 2024. The company…
UNCTAD to hold World Investment Forum to rally funds for climate action
The UN Conference on Trade and Development (UNCTAD) will hold the World Investment Forum 2023 in Abu Dhabi, United Arab Emirates, from Oct. 16-20. The forum will bring together heads…
EGP 62.29bn invested in low-income housing initiative until August 2023
Banking sector accounts for 96.2% of total financing
Nearly 15 million electric cars expected to be shipped worldwide in 2023
Nearly 15 million electric cars (battery electric and plug-in hybrid) are expected to be shipped worldwide in 2023, according to the latest forecast by Gartner, Inc. Shipments of electric cars…
IDA allocates over 3,000 industrial units in 17 complexes across Egypt in 2023
The Industrial Development Authority (IDA) announced that it has allocated 3,049 new industrial units in 17 complexes in 15 governorates nationwide in 2023, as part of the presidential initiative to…
Tourism Minister meets Russian tour operators to boost tourist traffic to Egypt
Minister of Tourism and Antiquities Ahmed Issa has held several meetings with the officials and representatives of the major tour operators in the Russian market, such as Biblio Globus, Fun…
FRA develops legislative frameworks to promote sustainability in non-banking activities
The Financial Regulatory Authority (FRA) has completed the development of the legislative and regulatory framework required to enhance the levels of sustainability in non-banking financial activities, by providing innovative financing…