– Leveraging its recent successful launch of Egypt's first AirGap Network, Gorilla plans much more
– Egyptian government was Gorilla's first top-notch kickstart in market
– Gorilla, Thames Freeport to build an innovation hub in Egypt's new capital
– (...)
Volvo Cars announced on Tuesday an investment in the UK-based startup Breathe Battery Technologies, to utilise the startup's battery software to reduce the charging time of its upcoming electric vehicles (EV) by 30 per cent, Reuters reported, citing (...)
Anhui Jianghuai Automobile of China announced on Tuesday that it will increase its joint venture's registered capital with Volkswagen China from 7.4 billion yuan to 13.9 billion yuan, Reuters reported.
Jianghuai Auto will invest an additional 1.6 (...)
The EU's total portfolio of investments in Egypt stands at approximately €1.2 billion, covering various sectors such as education, water, energy, migration, rural development, and urban development, said EU Head of Delegation to Egypt, Ambassador (...)
Egypt's stock exchange (EGX) closed in mixed notes on Sunday, with the main index, EGX30 inching up by 0.32 per cent to 29,058.33 points.
The small to mid-size enterprises' index, EGX70 went down by 0.20 per cent, to 7,291.98 points.
Meanwhile, (...)
Egypt and the United Arab Emirates (UAE) signed a multi-billion US dollar partnership agreement on Friday for the establishment of a new urban, economic, and tourism centre in Ras El Hekma, 450km northwest Cairo, according to remarks by Egyptian (...)
The Egyptian Cabinet approved on Thursday a draft presidential decree regarding the country's membership of the Fund for Export Development in Africa (FEDA), affiliated to the African Export-Import Bank (Afreximbank).
The Fund was established to (...)
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Egypt's National Council for Women (NCW) has been selected as the strategic partner for the third edition of the Egyptian Women's Summit, taking place in Cairo on March 3-4.
Under the auspices of Egypt's Prime Minister Moustafa (...)
Egypt's President Abdel Fattah al-Sisi announced on Wednesday a package of measures, including state wage and pension raises, aimed at easing economic pressures.
* Raising the minimum wage by 50%, to reach EGP6,000 per month.
* Increasing the (...)
German oil and gas producer Wintershall Dea said on Thursday its activities in Algeria, Egypt, Libya, and the UAE will be under one joint business unit for the MENA region, under the leadership of Sameh Sabry.
Sabry's appointment is effective as of (...)
Law firm, Al Tamimi & Company announced on Wednesday the appointment of Amr Namek as its new corporate commercial partner in Egypt.
Amr has over 20 years of experience in advising multinational and regional clients on a wide range of transactions (...)
The number of UK companies that are going bust has soared 14 per cent in 2023 as firms collapsed as higher borrowing costs and weaker economic growth weigh on.
According to the government's Insolvency Service, retail, construction, and hospitality (...)
German construction spending is set to decline in 2024 for the first time since the financial crisis, Reuters reported citing a DIW study.
The volume of construction would decrease by 3.5 per cent in 2024 to 546 billion euros ($597.38 billion), then (...)
The UK public health group Knowledge Action Change (KAC), condemns the exclusion of tobacco harm reduction consumer groups from the main discussions of the COP 10 to the World Health Organisation's (WHO) Framework Convention on Tobacco Control (...)
Top 50 Women Forum will hold the third edition of the Egyptian Women's Summit on March 3-4 in partnership with the National Council for Women (NCW) and the European Union.
The Summit will see the largest community dialogue amongwomen leaders and new (...)
Egypt's central bank (CBE) has postponed plans to impose fees for interbank money transfer services through InstaPay, a source with firsthand knowledge of the matter told Amwal Al Ghad on Thursday.
"During the past few hours, the CBE has instructed (...)
The British Egyptian Business Association (BEBA) organised on Sunday a breakfast briefing on Digital Enablement to accelerate the SDGs: Private Sector's Role.
Five highly prominent speakers took part in the briefing, namely: British Ambassador to (...)
Egyptian business tycoon Naguib Sawiris said on Wednesday that talks to establish a digital bank in homeland are stagnated due to some conditions related to obtaining the licence.
Speaking at a conference in Cairo, Sawiris said Orascom Financial (...)
Egypt has signed contracts to sell stakes in 14 state-owned assets worth a total of $5.6 billion as part of a programme to boost the private sector engagement in economy, Prime Minister Moustafa Madbouly said on Wednesday.
Madbouly revealed that the (...)
Egypt has started negotiations with India to explore the possibility of issuing rupee-dominated bonds on the Indian market, Finance Minister Mohamed Maait said in a press conference on Wednesday.
"We have recently conducted talks with the Indian (...)
Egyptian business tycoon Naguib Sawiris predicted on Wednesday that gold prices would rise to $2,400 an ounce in the coming period, up from around $2,040.
Gold is one of the most important safe havens and natural hedges against the currency (...)
Egypt is expected to issued its first Egyptian pound-dominated bond on the international market within 2024, said senior official at the International Finance Corporation (IFC) on Tuesday.
Sérgio Pimenta, IFC's Regional Vice President for Africa, (...)
XMATCH DEMO DAY, a groundbreaking initiative by Exits MENA and ECOSYS+, has achieved a remarkable milestone in the Middle East region by attracting over $20 million in potential investments for small and medium-sized enterprises (SMEs) and startups (...)
November has witnessed an abundance of exciting developments in Egypt's IT and tech startups ecosystems, as the sector continues to attract investment, accolades, and global interest.
As the Information Technology Industry Development Agency (...)
Transcargo International (TCI), a veteran terminal operator in Egypt, announced on Thursday the signing of an agreement with Sinai White Portland Cement (SWCC) for the development of Egypt's first bulk cement silos in Arish Port.
The signing marks a (...)