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Featured Business Articles
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GMG to open 2 locations at Open Air Mall, All Seasons Park of TMG’s Madinaty
The two stores will occupy an area close to 1,600 sqm across both destinations and are planned to open in 2023. The agreement will boost... -
valU partners with Sympl to provide short-term BNPL plans for customers
The partnership will allow valU customers to benefit from Sympl’s payment plans across different product and service categories. The partnership also complements valU’s platform by... -
Egypt to receive second tranche of 46-month IMF loan next March
IMF downgrades Egypt’s economic growth forecast to 4% in FY2023 -
US dollar exchange against EGP jumps 6.8%, government banks issue 25% saving certificates
Official price of US dollar at CBE rises to EGP 26.3633 for purchase and EGP 26.4853 for sale
Business

Egypt spends EGP 3.1bn in outdoor advertising during 2022: AdMazad
AdMazad conducts over 35,000 billboard audits across Greater Cairo, Alexandria

2.24% increase in manufacturing, extractive index during November 2022
CAPMAS has updated the index methodology using the base year 2012/2013 and at the level of...
Banking
Volume of domestic liquidity in banking sector increased to EGP 7.182 trillion by end of October 2022: CBE
ABE aims to open 4 new digital branches in cooperation with e-finance before the end of this year
Boom in SCBank’s performance indicators since Hussein Refai assumed chairpersonship 5 years ago
CBE grants ADIB-Egypt preliminary approval to launch prepaid card Takka in collaboration with ADI-Consumer Finance and Meeza
saib reports net profit of $26.5m with 87% annual growth in September 2022
QNB Alahli participates in COP27
Real Estate

TMG contributes with EGP 5bn in CSR programmes
Hisham Talaat Moustafa said that TMG believes in the need to embody its CSR as a...
People & Places awards EGP1.6bn construction contracts for its North Coast development in Ras El Hekma; THE MED
Reportage Properties records EGP 2.2bn in sales on its Montenapoleone project during 2022
Dolmen Developments to launch new 3,400-sqm project in NAC
Energy

We are waiting for commercial details of LNG import agreement from Egypt: Bulgaria’s Energy Minister
The minister added on the sidelines his participation in COP27 that Bulgaria looks forward to activating the...
Egyptian President meets with Fortescue Future Industries over green hydrogen opportunities ahead of COP27
KarmSolar announces new minority stake round
Enppi, Petrojet acquire foreign partner’s stake for $117m
Industry

Parliament’s Industry Committee meets new Industry Minister
Minister of Trade and Industry Ahmed Samir met with members of the Parliament’s Industry Committee and...
5.85% decrease in Egypt’s manufacturing, extractives index in May 2021
AAAM, Afreximbank sign MoU to boost Africa automotive investment
Egypt expects $5.8bn of chemical industries exports in 2021: Official
Trade

Zimbabwe open for business, hopes to boost trade with Egypt: Finance Minister
Egypt and Zimbabwe share a long history dating back to the 1960s, as most Zimbabwean liberation...
AfCFTA should to be given more support at COP27: Afreximbank President at Egypt-ICF
WTO head Ngozi Okonjo-Iweala: how trade can help beat inequality
Trade Ministry presents 83 investment opportunities for local production

Egypt Automotive Summit’s 7th edition reviews national strategy to develop auto industry
We hope to solve the chip shortage crisis by 2023: Al-Mansour Automotive
Tourism

Egypt’s famed bazaar welcomes return of Chinese tourists
Chinese tourists constitute a large percentage of buyers … They would spend a lot on buying...
Saudi Arabia’s United Cars and Motorcycles team visits Museum of Egyptian Civilization
Egypt has 1356 therapeutic tourism sites nationwide: Amr Sedky
New Valley: Charming spot for health tourism in Egypt
Technology

valU deploys Infobip’s solutions to provide customer support over WhatsApp
Customers can now get an immediate response to a variety of FAQs through valU’s various touchpoints