The Egypt-EU Summit commenced in Cairo on Sunday, with Egyptian President Abdel Fattah Al-Sisi hosting dignitaries at the Ittihadya Palace, including the President of the European Commission, the Prime Minister of Belgium, the President of the (...)
The EU has elevated its cooperation with Egypt to a Strategic and Comprehensive Partnership. In support of this, the EU proposed a €7.4bn financial and investment package for Egypt spanning 2024-2027. This package comprised €5bn in concessional (...)
The Chinese government's work report for 2024 sets an ambitious 5% economic growth target, surpassing not only previous forecasts by the IMF and World Bank but also the projected growth rates for the United States and Europe. Chinese Ambassador to (...)
Finance Minister Mohamed Maait announced that following President Abdel Fattah Al-Sisi's directives, the government has upheld its commitment to the financial resolution agreement with the National Social Insurance Authority. This is despite the (...)
Shell has released its inaugural energy transition progress report following the introduction of its Powering Progress strategy in 2021. During our Capital Markets Day in June 2023, we highlighted how our strategy is designed to generate more value (...)
The depositary receipts of CIB and EFG Holdings sustained their upward trajectory on the London Stock Exchange, marking the second consecutive week of gains.
CIB's depositary receipt climbed by 19.8%, closing last week at $1.81, while EFG's receipt (...)
Recent research backed by DP World and conducted by Economist Impact indicates that despite a challenging 2023 and concerns over geopolitical events affecting the economy, Egyptian businesses remain optimistic for 2024.
The fourth Trade in (...)
Al Qamzi Developments has forged a significant deal with Dar Alalamia Construction for the second phase of the esteemed Seazen project along the North Coast, valued at EGP 900m. This collaboration highlights Al Qamzi Developments' strategy of (...)
Al Ahly Sabbour has announced the launch of the "Summer" project in Ras Al Hekma and "At-East" in Mostakbal City, with a combined investment of EGP 135bn.
In the first quarter of 2024, Al Ahly Sabbour Developments expanded its land holdings by 1,045 (...)
Hassan Allam Properties (HAP), a leading real estate developer in Egypt, has acquired a new 279-feddan land plot in MIDAR's Mostakbal City, marking a significant expansion in one of Egypt's fastest-growing real estate markets, particularly in East (...)
The Israeli occupation forces continued to bomb the besieged Gaza Strip, amid quiet Arab condemnations and no actual measures on the ground, bringing the toll of the Israeli aggression since the seventh of last October to 31,553 dead and 73,546 (...)
Egypt's Minister of Environment, Yasmine Fouad, engaged in discussions with the French Ambassador to Cairo, Eric Chevalier, focusing on enhancing bilateral cooperation on environmental concerns.
During their dialogue, Fouad highlighted Egypt's (...)
The Russian presidential elections are underway at the Russian Embassy in Cairo on Sunday, with four contenders vying for the position: the incumbent Russian President Vladimir Putin, Leonid Slutsky of the Liberal Democratic Party, Nikolai (...)
In a concerted effort to support the state's strategy for Sustainable Development Goals (SDGs) and in sync with Egypt's Vision 2030, the Central Bank of Egypt (CBE) has endorsed the participation of several banks in the second phase of the (...)
The Egypt Expo and Convention Authority (EECA) showcased an Egyptian pavilion at the 24th edition of the Xiamen Stone Fair. This event is taking place in Xiamen, China, from 16 to 19 March.
Featuring 14 specialized companies, the Egyptian pavilion (...)
Rania Al-Mashat, Minister of International Cooperation, hailed the successful joint efforts between the European Bank for Reconstruction and Development (EBRD) and Egypt's private sector in advancing national development priorities.
This (...)
Hossam Saif Al-Din, CEO of Capgemini Egypt, announced that the company exclusively exports its services to countries in Europe and the Middle East.
In an interview with Daily News Egypt, he highlighted the company's strategic advantage stemming from (...)
The market capitalisation of Arab stock exchanges witnessed an increase to approximately $4.54trn in February, up from around $4.4trn in January, as reported by the Arab Monetary Fund (AMF).
The AMF's February data, published on Thursday, indicated (...)
The Financial Regulatory Authority (FRA), in collaboration with the Islamic Corporation for the Development of the Private Sector (ICD), the Ministry of Planning and Economic Development, and the Islamic Development Bank Institute, hosted a workshop (...)
Local gold prices saw a significant decline last week due to a gradual decrease in the dollar exchange rate at official banks and the near disappearance of the parallel market. Positive developments in the government's dollar liquidity have also (...)
Finance Minister Mohamed Maait has announced the release of 25,000 imported cars for Egyptians living abroad. This initiative aims to streamline the import process for citizens, ensuring that the government's commitment to facilitate these (...)
The Suez Canal Bank has expanded its network with the inauguration of a new branch located at 6th of October University in Giza. The opening ceremony was led by Hussein Rifai, the bank's Chairperson and Managing Director, and was attended by key (...)
The Commercial International Bank – Egypt (CIB) Foundation unveiled the newly equipped children's floor at the Ahl Masr Trauma and Burn Hospital. This initiative, part of a collaboration with the Ahl Masr Foundation for Development, involved (...)
President Abdel Fattah Al-Sisi of Egypt has expressed concerns over an Israeli intention to initiate military action in Rafah, a city with a population exceeding one million Palestinians.
In a statement on Wednesday, President Al-Sisi highlighted (...)
The conflict in the Gaza Strip has escalated, resulting in the loss of 88 lives and the injury of 135 individuals, as reported by Gaza's Ministry of Health. This brings the total casualties since the conflict's onset to 31,272 fatalities and 73,024 (...)