Egypt’s Paymob raises $50m in Series B round of funding
This round brings Paymob’s total funding up to more than $68.5m.
Egypt records 1.64% decrease in manufacturing and extractive index during February 2022
CAPMAS updated the index methodology using FY year 2012/13 as a base and the level of main indices of industrial activity according to the Industrial Activity Manual (ISIC Rev.4).
EFG Hermes recognised by Financial Times and Statista as one of Africa’s fastest growing companies in 2022
Previously, the annual rankings featured the most innovative companies around the world while mostly covering Europe and the Americas. This is the first time the Financial Times conducts an annual…
Apex International Energy tests Fajr-8 well in Egypt’s Western Desert, yields 2,440 barrels of oil per day
Fajr-8 is connected to production facilities and started production on 8 May, less than four days after the rig’s release
Aviation, Tourism Ministers discuss mechanisms to stimulate and advance Egypt’s tourism and air movement
El-Anany began the meeting by thanking Manar for his cooperation and permanent support for the Egyptian tourism sector, especially through the great efforts that his ministry assigned to the sector,…
Egypt imposes fees on integrating solar plants for irrigation on electricity grid
The main objective of the decision is to open the way for farms consuming large amounts of electricity to implement solar irrigation plants with a net-metering system, especially since this…
Domestic inflation rates within safe and expected limits: Salah Hashem
A new study by “Draya” says infrastructure investments spared national economy stagflation risks
Positive expectations for the performance of food producers despite inflation and interest rates
12.6% increase in food prices between February and last March: FAO
Opinion| US, China, and the war over the wealth of Africa
China succeeded in removing its archenemy America with its economic policy that relies on investment in infrastructure, services, agriculture, and land reclamation in Africa
Our Hope, our Planet, Europe Day and Beyond
What does Europe Day tell us? It reminds us of the visionary ideas of European leaders like Robert Schuman to create an ever-deepening Union of sovereign European States to end…
