Prices soar in Egypt, but people find ways to cope

In Egypt, economic challenges since 2016 forced the people to adapt to price hikes. From an economic standpoint, the rising prices drive customer demand lower. To cope, Egyptians are struggling…

Bassant Mohammed

COLNN closes a SEED round of $100K from EdVentures

COLNN’s services include web cloud-based solutions to schools and an integrated mobile app connecting teachers, parents, and students.

Daily News Egypt

Hero MEA establishes solar power station to ration electricity consumption

Corporation invested about 75% of project’s total cost, says Bazan

Daily News Egypt

NBE SME’s portfolio reaches EGP 65bn end-June

Bank opens 1st specialised centres in business development services in Al-Yasmeen branch

Hossam Mounir

Banks’ credit facilities see EGP 242.6bn rise in 10 months: CBE

Deposits up by EGP 1bn only as non-governmental deposits drop

Hossam Mounir

Government debt to GDP in Egypt declines to 91% in Q1 of 2019 y-o-y: IIF

The state’s household debt to the GDP slightly decreased to 7.2% in Q1 of 2019, compared to 7.4% in the same period of 2018, the report added.

Daily News Egypt

EU to sanction Turkey over illegal drilling in regional waters of Cyprus

Turkey is facing political and financial sanctions that will be declared in the upcoming hours, the High Representative of EU for Foreign Affairs, Federica Mogherini, said during a meeting for…

Taha Sakr

Total of 59,455 expats in Egypt have undergone virus C screening

Move came as part of President Abdel Fattah Al Sisi’s ‘100 Million Health’ Initiative

Daily News Egypt

Al-Sisi witnesses graduation ceremony of non-commissioned army officers’ new batch

The celebration was aired through the state-run TV channels and witnessed the performance of a number of athletic activities that demonstrated the level of the fitness of the new graduates…

Taha Sakr

Transport Minister meets US Chargé d’Affaires in Cairo on improving transport sector

Officials of the ministry and the head of Egyptian National Railways also attended the meeting.

Daily News Egypt