Metito Utilities, Tahliya Group forge partnership for Moroccan projects
Following a declaration signed by President Sheikh Mohamed bin Zayed Al Nahyan and King Mohammed VI of Morocco on December 4th, 2023, to foster economic and investment cooperation, Metito Utilities…
Egypt’s trade deficit sees 10.3% surge in September 2023
The Central Agency for Public Mobilization and Statistics released its September 2023 “Foreign Trade Data” bulletin, revealing a 10.3% increase in the trade deficit, reaching $3.14bn compared to $2.84bn in…
ADCB launches first sustainable corporate account in Egypt
Abu Dhabi Commercial Bank (ADCB) Egypt has taken a groundbreaking step by introducing the first sustainable corporate account in the country, aligning with its sustainability goals and Egypt’s Sustainability Strategy…
Beltone Financial to expand into securitization by acquiring SODIC subsidiary
Beltone Financial Holding has expressed its intention to acquire Sodic Securitization, a subsidiary of SODIC, as part of its strategy to diversify into non-banking financial services. The company will undertake…
Unlocking business potential with online sales and delivery services
The rise of online shopping, propelled by the Covid-19 pandemic, has made home delivery a norm. An inDrive.Couriers survey reveals that 30% to 60% of delivery service users receive store-bought…
Aswan Forum IV preparations: Expert workshop on HDP Nexus in Africa
In line with the African Union’s (AU) Third Post Conflict Reconstruction and Development (PCRD) Awareness Week and Egypt’s PCRD leadership, the Cairo International Center for Conflict Resolution Peacekeeping and Peacebuilding…
Naguib Sawiris reflects on currency flotation, economic challenges
Naguib Sawiris, Egyptian tycoon and Chairperson of Ora Developers, has expressed uncertainty regarding the Egyptian government’s timing to float the local currency after the elections. He emphasized the necessity of…
Egypt denounces Israel’s actions in Gaza as violations of international law
Deputy Foreign Minister Hamdi Loza has vehemently condemned the ongoing Israeli bombardment of civilian areas in the Gaza Strip, along with the crippling siege and systematic deprivation of essential resources,…
Shoukry engages in crucial Washington meetings to address Gaza war
Egypt’s Foreign Minister Sameh Shoukry held pivotal meetings with US Senate leaders on Wednesday during his Washington visit, underscoring Egypt’s commitment to bolstering bilateral ties with the United States and…
Sheikh Mohammed bin Rashid inaugurates world’s largest CSP project
Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE, and Ruler of Dubai, has inaugurated the world’s largest concentrated solar power (CSP) project within the Mohammed…