Lekela reaches financial close for its 1st wind farm in Egypt
Project to reduce more than 550,000 tonnes of carbon dioxide emissions per year
Hilton, Alshaya Group partner to develop 70 Hampton by Hilton Hotels
With the first hotel expected to open in Kuwait in 2021, Alshaya will deliver 50 hotels in the next eight years, with another 20 in the development pipeline, significantly expanding…
Missing Israeli soldier found dead in West Bank
In response to the incident, the Israeli Prime Minister Benjamin Netanyahu denounced the killing of the soldier, describing it as a “terrorist attack.”
Egyptian, French foreign ministers discuss developing bilateral ties over phone
The two ministers asserted the distinguished Egyptian-French relations at all levels, and agreed on the importance of continuing to develop these relations to achieve the aspirations of the two nations,…
Perpetrator of NCI blast identified, security kills 15 collaborators in shootout
The criminal record of Abdel Rahman, 24, was attached to the Interior Ministry’s statement showing that he had been one of the wanted fugitives sought by the Egyptian police in…
Cyrill Nunn appointed as new German ambassador to Egypt
Nunn, who previously served as Germany's ambassador to Iraq, expressed his happiness to have the opportunity to represent Germany in Egypt, according to a statement by the German embassy in…
EFG Hermes net profits up 49% y-o-y to record EGP 304m in 2Q19
The company achieved revenues of EGP 1.1bn, reflecting a 13% y-o-y increase during the same period.
MNHD revenues record EGP 1.089bn in 1H 2019
Despite the strategic postponement of new launches in Taj City to the third quarter of 2019 ( already launched), MNHD recorded consolidated net profit of EGP 511m in 1H 2019…
Egypt’s headline inflation drops to 4-year low of 8.7%, core inflation retreats to 5.9% in July
The announcement defied analyst expectations, as in July the Egyptian authorities decided to go ahead with slashing fuel subsidies, lifting petrol and diesel prices by about 17-30%.
Match Group acquires matchmacking Harmonica app
Match Group announced that it acquired Cairo-based Harmonica, a matchmaking application.