Contact Financial Holding and Oracle: A Strategic Alliance for Business Success
Cairo, Egypt - 2/5/2024 - Contact Financial Holding, the leading non-banking financial services (NBFS) provider in Egypt, and Oracle, the global technology leader, have entered a strategic collaboration to enhance…
Elsewedy Electric, Bühler Group, and IBC Group sign agreement to advance grain silos industry in Egypt
Elsewedy Electric, a leader in integrated energy, infrastructure, and digital solutions, has entered into a Cooperation Agreement with Bühler Group, a Swiss technology firm, and IBC Group (IBC). This strategic…
Shark Tank star Ahmed Tarek invests $100m in healthcare expansion
Prominent businessman and Shark Tank personality, Ahmed Tarek, has expanded his portfolio by acquiring the National Language Schools and Al Rowad Schools. In an interview with Daily News Egypt, Tarek…
EU pledges €7.4bn to back Egypt’s green economy initiatives
Egypt’s Minister of Environment, Yasmine Fouad, convened with Sophie Vanhaeverbeke, Deputy Ambassador of the European Union to Egypt, Anne Schouw, Deputy Head of the European Union Delegation, and representatives from…
$17.7bn drop in banking sector’s net foreign assets deficit during March 2024: CBE
The net foreign assets deficit in Egypt’s banking sector decreased to $4.2bn in March 2024, down from $21.9bn in February, marking a significant reduction of approximately $17.7bn. This change is…
Egypt, France emphasize ceasefire in Gaza, two-state solution
During a recent meeting in Cairo, Egypt’s Foreign Minister Sameh Shoukry and his French counterpart, Stephane Ségournet, underscored the critical need for a ceasefire in Gaza and progress towards a…
Norway’s Scatec explores 5 new renewable energy projects in Egypt
Norwegian renewable energy company Scatec is studying five new projects in Egypt, including a massive battery storage facility, a 1 GW solar power plant, green hydrogen and ammonia plants, and…
Norway’s Scatec, Orascom-led consortium to build 2 wind power plants in Egypt with $9bn investments
Norway's Scatec and an Orascom Construction-led consortium have separately secured land allocations for two major wind power projects in Egypt's Sohag Governorate. With a combined capacity of 8 gigawatts (GW),…
Egyptian Exchange navigates market turbulence
Analysts weigh in on investment opportunities amidst declines
Mazaya Developments launches 4th project in New Capital with EGP 5bn investment
Mazaya Developments has unveiled its fourth venture in the MU23 zone of the New Administrative Capital (NAC), marking an investment milestone of EGP 5bn. Mohamed Allam, Chairperson of Mazaya Developments,…