Contact Financial announces closure of 2nd sukuk issuance of EGP 2.5bn
The issue is an Islamic Sharia compliant seven-year Mudaraba Sukuk, and received a high credit rating of A- by the Middle East Ratings and Investors Service (MERIS). The proceeds will…
84,600 Egyptians receive free medical services in July: Health Minister
Medical convoys launched to facilitate providing health services to elderly, people with special needs
Egypt’s House of Representatives approves new Water Resources Law
Law aims to improve management of water resources, achieve equitable distribution to beneficiaries
E-commerce platform Capiter aims to generate $1bn in revenues by 2023
Capiter, the e-commerce platform specialising in the field of fast-moving consumer goods (FMCG) and foodstuffs, has announced that it aims to achieve revenues of $1bn by 2023. The target comes…
Amazon announces launch of Egypt platform this year
Amazon has been operating in Egypt since 2017 through its subsidiary, Souq.com
Egypt, Japan aim to strengthen bilateral cooperation in education, sports medicine
Egypt’s Minister of Youth and Sports Ashraf Sobhy has met with Kitaoka Shinichi, President of the Japan International Cooperation Agency, to discuss ways of joint cooperation between the two countries.…
70% increase in Egyptian students enrolled at higher education in UK within 6 years: Erudera
The number of Egyptian students enrolled at higher education in the UK has risen 70% between the 2014/15 and 2019/20 academic years, growing from 1,695 to 2,895 students, official data…
Najib Mikati to form Lebanon’s new government
New Prime Minister-designate obtained majority of parliament's votes needed to form new government
English language exam of Thanaweya Amma allegedly leaked in Egypt
Parts of the English language exam in this year’s Thanaweyya Amma (high-school leaving) exams are said to have been leaked, shortly after the exam started on Monday. The exam was…
Egypt’s President Al-Sisi, Jordan’s Foreign Minister discuss Middle East developments
Both agree to increase coordination between Egypt, Jordan, and Iraq in energy, electrical interconnection, and industrial projects