Egypt, South Korea promote public e-procurement system
The Korea International Cooperation Agency (KOICA), South Korea’s official development aid agency, held a “High-Level Stakeholder Briefing Ceremony on the E-Procurement System in Egypt” on 21 November. The event was…
ADIB Egypt invests EGP 1bn in technological infrastructure, digital transformation
Abu Dhabi Islamic Bank Egypt (ADIB) has announced plans to invest approximately EGP 1bn in technology and digital transformation, alongside expenditures on cybersecurity enhancements. This announcement was made during the…
Saib Bank achieves net profit of EGP 1.28bn in September 2024, with 118% growth
Saib Bank reported a 118% increase in net profit, reaching EGP 1.28bn, equivalent to $26.55m, in September 2024, compared to EGP 588m, equivalent to $19.05m, in September 2023. The bank…
Islamic banking in Egyptian market increases to EGP 1.080trn in September 2024
The Egyptian Islamic Finance Association (EIFA) reported that the volume of Islamic banking in the Egyptian market, including sukuk, surged to EGP 1.080trn in September 2024, reflecting a remarkable growth…
Inflation to stabilize until late 2024 despite upward risks: CBE
The Central Bank of Egypt (CBE) expects inflation to stabilize at its current levels until the end of 2024, despite facing upward risks such as geopolitical tensions and a potential…
Palm Hills and Marriott International Unveil The Ritz-Carlton Residences in West Cairo
West Cairo will soon welcome a new icon of luxury living, offering breathtaking views of the Pyramids of Giza and unmatched hospitality amenities.
Niemann Praises Madinaty Golf Club; Omar Hisham Talaat Poised for Egyptian Golf Federation Presidency
World-renowned golfer Joaquín Niemann has praised Madinaty Golf Club, declaring its courses capable of hosting top-tier international tournaments. Niemann's assessment follows a recent visit to the club, where he was…
Registration is Now Open for Season 2 of Maven Jr. NBA League in West Cairo
The much-anticipated second season of the Maven Jr. NBA League is now open for registration, offering boys and girls aged 12-15 the opportunity to develop their basketball skills in a…
Savills Egypt wins ‘Best Real Estate Agency’ at 2024 Euromoney Real Estate Awards
Savills Egypt has been named as “Egypt’s Best Real Estate Agency” at the Euromoney Real Estate Awards 2024. This award highlights Savills Egypt’s exceptional performance, innovation, and continued growth within…
FRA establishes quality, qehavioral standards for registered auditors
The Financial Regulatgory Authority (FRA), chaired by Mohamed Farid, issued Resolution No. 174 and 175 of 2024 regarding the development of quality and behavioral rules for the work of auditors…
