Amwal Al Ghad Awards Ceremony 2024 announced on Monday the winners of the Entrepreneurs of the Year Award during a grand ceremony taking place at the Four Seasons Hotel Cairo, Nile Plaza, Garden City, close to downtown Cairo.
The Entrepreneurs of (...)
Egypt, the UAE, and Saudi Arabia boast compelling investment pillars, with the North African country drawing around $10 billion investments, said an official in Freezoner on Tuesday.
"Egypt, the UAE, and Saudi Arabia exhibit pivotal qualities (...)
The United Arab Emirates (UAE) had witnessed total foreign direct investment (FDIs) inflows of $23 billion in 2022, around 10 per cent year-on-year (YoY) growth, an IFZA official on Tuesday.
Mohamed Magdy, client relations manager at the UAE's (...)
Egypt has been the most important destination for Saudi Qimam Masia Plastic's (QMP) exports in 2023, a senior official said on the sidelines of PLASTEX 2024 exhibition, which took place in Cairo.
Monzer Derany, a sales official at QMP, told Amwal Al (...)
Egypt's exports of plastic products have reached $1.75 billion in 2023, representing 27 per cent of its chemical and fertilisers sector exports, according to the Chemical and Fertilisers Export Council's (CEC) report.
The CEC released on Tuesday its (...)
Egypt is planning to boost its exports of plastics by 15 per cent for the current year, said Khaled Abo El Makarim, chairman of the Egyptian Chemical and Fertilizers Export Council (CEC), on Tuesday.
Abo El Makarim made these remarks on the (...)
Egypt aims to increase its exports of chemical and fertilisers sector to $9 billion by 2024, Khaled Abo El Makarim, chairman of the Egyptian Chemical and Fertilizers Export Council (CEC), announced on Tuesday.
Abo El Makarim made these remarks on (...)
The Intra-African Trade Fair (IATF 2023) has witnessed the participation of more than 1,750 exhibitors from 180 countries, said Gainmore Zanamwe, acting director of Intra-African Trade Bank.
Zanamwe added that the participated countries include 45 (...)
African Export-Import Bank (Afreximbank) signed on Sunday a $30 million Corporate Loan Facility with Griner Engenharia, a leading Angolan construction company, to contribute over $100 million to intra-African trade.
The deal which split into two (...)
The African Export–Import Bank (Afreximbank) has signed on Friday a term sheet for a $40 million three-year trade finance facility with a key commercial bank in Zimbabwe, the Central Africa Building Society (CABS). The deal aims to support the (...)
The African Export–Import Bank (Afreximbank) on Friday signed a cooperation agreement with Kenya Association of Manufactures (KAM) at the third edition of Africa's largest trade and investment fair, IATF 2023 taking place in Cairo, Egypt.
The (...)
The African Export–Import Bank (Afreximbank) has on Friday signed two financial advisory mandates with Anambra State Investment Promotion and Protection Agency at Africa's largest trade and investment fair, IATF 2023 taking place in Cairo, (...)
The African Export–Import Bank (Afreximbank) has launched a new joint finance fund for filmmakers and directors in Africa, a senior official of the Bank announced on Thursday.
Kanayo Awani – executive vice president of Afreximbank – said the fund is (...)
Hassan Abdel Aziz, chairman of the African Federation for Construction Contractors' Association (AFCCA), said the Eighth Edition of Builders of Egypt will be shortly followed by witnessing several Egyptian contracting companies entering the Saudi (...)
Rating agency S&P has forecast on Friday Egypt's foreign exchange reserves – including gold – would decline to about $37 billion by the end of current financial year that ends on June 30.
S&P warned that the coronavirus pandemic would cause a sharp (...)
Rating agency S&P anticipated on Friday that Egypt would approach the International Monetary Fund (IMF) for a standby credit facility programme or borrow from its emergency financing to help fight the coronavirus.
The additional funds would help to (...)
Egypt's economy has been the runaway success among the Middle East region, with expectations to grow 5.5 percent in 2019, an International Monetary Fund official said on Wednesday.
"Egypt is the best" in terms of performance in the Middle East (...)
Collaboration between the Arab African International Bank (AAIB) and AUC Venture Lab (V-Lab) has resulted in accelerating around 150 startups in Egypt in five years, marketing and communications manager Sherif Hassan said on Thursday.
These new (...)
The European Bank for Reconstruction and Development (EBRD) has approved a $24 million loan to Andalusia Group for Medical Services, one of Egypt's largest hospitals operators, a senior banking source said on Sunday.
The loan will go for financing (...)
Egypt imports between $10 billion and $12 billion in foods a year, including $6 billion in wheat, oils, and corn, the country's central bank governor told a conference Tuesday.
With Egypt long dependent on imports, Tarek Amer called the country's (...)
Egyptian banks' foreign exchange reserves have risen by $10 billion since Egypt took the dramatic step of floating its pound last year, central bank governor Tarek Amer said Tuesday.
The country's foreign exchange reserves have recorded a 92 percent (...)
Ahli United Bank – Egypt, part of Bahraini Ahli United Bank Group, has launched late Saturday a new initiative to boost Egypt's exports, in cooperation with Cairo-based EGY ACTIVE Company.
Other export councils and governmental entities in Egypt are (...)
يحكي أن قبيلتين من أكبر و أعرق قبائل العرب اقتتلتا بسبب فرسين (داحس و الغبراء)، حين تراهن صاحبي الفرسين علي أن الفرس الذي يسبق الآخر سيتولي صاحبه حماية قبائل المناذرة، فلما لجأ صاحب الغبراء الي الغش برد وجه الداحس كلما تقدم كي تسبقه الغبراء، اكتُشف (...)
قرأنا في طفولتنا قصة الآمال الكبري للكاتب الشهير تشارلز ديكينز و كانت أحدي الشخصيات بهذه القصة امرأة عجوز ثرية تدعي السيدة هافشايم و هي وصية علي فتاة جميلة تدعي ستيلا، وقد تعرضت هذه السيدة لصدمة نفسية في شبابها حين تخلي عنها خطيبها ليلة عرسهما، (...)