EFA holds urgent meeting to discuss Egyptian football crisis
The EFA was heavily criticised due to its president’s conflicting statements, which showed that the current board became doomed to failure after less than 6 months of assuming the task.
Technology, population are crucial to digital payments growing without a ceiling
The Finance Ministry bore the burden of changing the culture of digital transformation for citizens
Egypt’s trade deficit decreases by 39.7% in March 2022
Egypt’s trade deficit recorded $2.26bn in March 2022, down from March 2021’s $3.74bn — a decrease of 39.7% — according to the Central Agency for Public Mobilisation and Statistics’ (CAPMAS)…
Communications Minister inaugurates headquarters of Webhelp International in Egypt
The area of the new headquarters of Webhelp International in Egypt is about 20,000 sqm, and the company employs about 1,100 employees. The company plans to reach 1,600 employees by…
Egypt’s Tax Authority demands taxpayers quickly pay original dues before end of June
This is in order to benefit from the facilities provided in the draft law to override delay fees and the additional tax dues that the Egyptian Tax Authority handles, including…
NBE raises stake in Afrexim Bank by $326.6m
This comes after Afrexim Bank invited shareholders to participate in increasing its issued capital by $6.5bn, of which it is currently paying 40% at a value of $2.6bn.
Egypt’s Tanmeyah acquires tech-driven B2B platform Fatura
The platform brings together retailers, manufacturers, and wholesalers in one place. Fatura offers its users a multitude of innovative services, including B2B buy now pay later services and marketing support.
Annual urban inflation in Egypt hits three-year high in May driven by price hikes of water supply, subsidised vegetable oils, rice
Inflation continues to be affected by depreciation of exchange rate, repercussions of Ukraine war which led to higher international food prices
Raqamyat for payments and e-commerce begins its work in Egypt
The company aims to build a strong electronic payments community in the Middle East and Africa and creating new job opportunities by launching several e-commerce projects.
SODIC subsidiary signs EGP 600m credit facility contract with Al-Ahli United Bank
The company explained that the signing of the credit contract for deducting checks — or “receipt papers” — represents future instalments for units that were delivered in the East Town…