Youth represent 50% of fintech founders in Egypt
As for the educational level, 64% of entrepreneurs have bachelor degrees, while around 33% completed their master’s degrees, and only 3% acquired Ph.D. degrees.
Egypt to present short documentary films before main Eid Al-Fitr films in cinemas
People’s Cinema will present a number of documentaries, knowledge, and awareness films for young people before the main screenings.
Saudi Public Investment Fund acquires 11% of Rameda at a value of EGP 135m
Arqaam Capital bought 65m shares of Rameda with a total deal value of EGP 135.2m, with an average purchase price of EGP 2.08 per share.
Madinaty Half Marathon 2nd edition to launch on 13 May
Talaat Moustafa Group in cooperation with the Tri Factory Company, is preparing to launch the second edition of the Madinaty Half Marathon, following the great success of the competition in…
Raising awareness is key in combating terrorism: Egyptian Army Spokesperson
The Egyptian Armed Forces said recently that great and unprecedented efforts have been exerted to combat terrorism and to restore the normal life in Sinai during the past years, after…
CBE to issue bid for local treasury bills denominated in USD, worth $1bn
The proceeds of this bid will be directed to pay the maturity of a previous bid that the CBE put forward on 4 May 2021, through which it obtained $988.5m.
Egypt’s presidential initiative to support, localise national industries to rely on local products, stimulate exports, provide job opportunities
This will be done by strengthening the role of the private sector in expanding the industrial base of large- and medium-sized industries.
Arab Company for Projects and Urban Development signs agreement to authorise selling housing units in Rehab and Madinaty
The agreement was signed by Ahmed Saeed — Assistant Minister of Housing and Supervisor of the Financial and Administrative Affairs Sector at NUCA — and Hisham Talaat Mostafa — CEO…
IMF expects Egypt’s public debt to decline to its pre-pandemic levels by 2026
Foreign debt is not that high, the main part of the Egyptian debt is in local currency: IMF
