Korea keen to explore closer health sector partnership with Egyptian governmentr: Ambassador
The Korea International Cooperation Agency (KOICA) Egypt Office and the Ministry of Health and Population (MOHP) jointly convened their annual Knowledge Sharing Seminar titled "Together for Better Health" on October…
MENA venture funding rise 32% in Q3 2023: MAGNiTT
Venture funding in the Middle East and North Africa (MENA) in Q3 of 2023 saw $250m raised across 78 deals, marking an ptick of 32% when compared to Q2 '23,…
Multilateral Development Banks pledge stronger financing capacity at IMF/WB Annual Meetings
Heads of multilateral development banks (MDBs) attending this year’s IMF/World Bank Annual Meetings in Morocco have pledged to strengthen their individual and collaborative actions to accelerate inclusive socioeconomic development. To…
CBE approves Amr El Ganainy as CIB Deputy CEO, Managing Director
El Ganainy has over 35 years of banking experience
MENA banking sector witnesses 30% surge in net profits
The Middle East and North Africa (MENA) region banking sector experienced a remarkable year on year (YoY) growth with a 30% surge in net profits and a 12.2% increase in…
Sidi Kerir Petrochemicals, Rungas Group to build butane cylinders factory in Egypt
Sidi Kerir Petrochemicals Company (SIDPEC) has signed a partnership agreement with Rungas Group, a Nigerian company, to establish a factory in Egypt that will produce butane gas cylinders for export.…
SCZONE explores opportunities with electric car, fibre, and logistics companies in China
The Chairperson of the Suez Canal Economic Zone (SCZONE), Walid Gamal El-Din, continued his second promotional tour in China by visiting the provinces of Suzhou and Hefei, after a successful…
Core inflation slows down for third month in a row: CBE
The Central Bank of Egypt (CBE) announced that its core inflation rate, which excludes volatile items such as food and energy, decreased to 39.7% in September 2023, down from 40.4%…
House of Representatives approves bill to extend tax-free car import initiative for Egyptian expats
The House of Representatives passed on Monday a bill proposed by the government to grant some facilities to Egyptians living abroad. The bill aims to extend the tax-free car import…
Zambia receives medical supplies from Egypt
Zambia received medical supplies from Egypt on Monday, which the government said will significantly improve people's health and well-being. The arrival of the medicines and medical supplies follows an agreement…