Ministry of Antiquities to restore Hosh al-Pasha archaeological site
Aiming to take a step forward in the Historic Cairo Restoration Project (HCPR), the Ministry of Antiquities announced on Wednesday the commencement of procedures to study the Hosh al-Pasha archaeological…
Pompeo heads back to US with three released American hostages
Three Americans who were imprisoned by North Korea are on their way back to the United States, President Donald Trump announced on Wednesday, following their release during US Secretary of…
EGPC owes Electricity Ministry EGP 100bn
The Egyptian General Petroleum Corporation (EGPC)'s dues owed to the electricity sector increased to EGP 100bn last month. A governmental source told Daily News Egypt that the dues are rising,…
IFC provides first loan to support Egypt’s construction industry
The International Finance Corporation (IFC), a member of the World Bank Group, is providing a $15m loan mainly in Egyptian pounds to Vinavil Egypt for Chemicals, a leading manufacturer of…
Any new deals with Iran must include Arabs: Egypt’s Foreign Ministry
Egypt said on Wednesday that Arab counties must be included in any future efforts aiming to amend the Iran nuclear deal, following US President Donald Trump’s announcement that he will…
Op-ed review: Middle East, Iranian presence
In state-owned Al-Ahram, Makram Mohamed Ahmed wrote a piece titled “Why did Tehran turn against Al-Abadi?” in which he argued that Iran was trying to mobilise forces in Iraq to…
Communications minister reviews Egypt’s vision for digital transformation in Rwanda
Minister of Communications Yasser El-Kady has reviewed Egypt’s vision to transform towards a unified digital market for Africa through adopting several policies of developing and securing communications infrastructure as well…
AAIB, SANAD Fund launch Sandah for microfinance in Egypt
Egypt’s newest microfinance lending institution, Sandah, was launched in Cairo on Tuesday with EGP 155m in capital. Its main founding shareholders—the Arab African International Bank (AAIB) and SANAD Fund for…
Alta Semper Capital establishes Cairo office
Alta Semper Capital, a consumer and healthcare-focused private equity investor operating across several growing markets, with a specific focus on Africa, and based in London, announced that Ahmed Rady has…