The Information Technology Industry Development Agency (ITIDA), in collaboration with RiseUp enterprise, announced the winners of the African App Launchpad Cup on Saturday, the last day of RiseUp Summit 2019, held at the American University in Cairo (...)
Egypt was one of 40 countries elected to serve on the council of the International Maritime Organization from 2020 to 2021, in elections held over the past week and concluded on Friday.
The council includes ten “category a” countries, which “have (...)
Black Friday has become the much anticipated shopping season of the year for consumers all over the world, including Egypt, due to its deals that meet the consumers' purchasing power. It has become a seasonal fever that hits the world in November (...)
Egypt's Ministry of the Public Business Sector has announced that SAP and Microsoft companies have won the tender to implement digital transformation in companies under the ministry.
The tender, according a statement, is the largest in Egypt and the (...)
Managing director of Attijariwafa Bank Egypt Hicham Seffa said that Egypt has the potential to achieve financial inclusivity.
Seffa told Ahram Online that the Attijariwafa Bank portfolio in Egypt is worth between $23 billion and $24 billion.
“We are (...)
Chairman and CEO of PepsiCo Egypt Mohamed Shelbaya says that PepsiCo has injected $500 million in Egypt's domestic market over four years started from 2018.
During the Egypt Economic Summit held in Cairo on Tuesday, Shelbaya said that the new (...)
A number of global pharmaceutical enterprise representatives have said they are willing to expand their investments in Egypt, benefiting from Egypt's location and potential as a regional hub for the MENA region.
In a meeting with Egypt's Minister of (...)
Egypt's Minister of Investment and International Cooperation Sahar Nasr says that President Abdel-Fattah El-Sisi has directed the government to pave the way for the private sector to participate in establishing social housing units.
Nasr made her (...)
The International Monetary Fund (IMF) has downgraded its predictions for global economic growth in 2019 to 3 percent, the slowest pace since the global financial crisis in 2008.
In a report on the world economy that was released on Tuesday, the IMF (...)
Egypt has successfully completed the three-year arrangement under the Extended Fund Facility and achieved its main objectives, according to the fifth and final International Monetary Fund (IMF) review on Egypt in the wake of disbursing the last (...)
Egypt ranked 39th in the Global Competitiveness Index, up from 40th in 2018, and ninth among Arab countries, according to the Global Competitiveness Report for 2019 issued by the World Economic Forum on Wednesday.
According to the report, the United (...)
Egypt's Ministry of Transport launched an ad campaign to promote its new policy on ports.
Rear Admiral Ayman Saleh Ibrahim, the president of the Egyptian Maritime Sector at the ministry, said that Egyptian ports were taking serious steps towards (...)
Egypt's Fuel Automatic Pricing Committee endorsed on Tuesday keeping current fuel prices fixed until the end of 2019, an official source who asked to remain anonymous told Ahram Online.
According to the source, the committee has drafted a report (...)
The Central Bank of Egypt's (CBE) Monetary Policy Committee (MPC) decided in its meeting on Thursday to cut interest rates by one percent (100 bps).
The new cuts included decreasing overnight interest rates to 13.25 percent, overnight lending to (...)
For the first time since 2016, Egypt's stock exchange suspended trading for 30 minutes on Sunday after the EGX 100 index fell by 5 percent, according to Egypt's bourse data.
Head of the technical and financial analysis unit at Ideal Ratings Ahmed (...)
Egypt's Minister of Public Business Sector Hisham Tawfik said that the government is adopting an integrated plan to improve the cotton and textile industries by benefiting from foreign experience in this regard.
During his participation in a (...)
British Secretary of State for Middle East and North Africa Andrew Morrison said that the UK will provide Egypt with £13 million through the World Bank as part of a four-year extension of a technical support programme worth £15 million.
During a (...)
Egypt's Ministry of Investment and International Cooperation inked on Wednesday an agreement with the World Bank worth $500 million to fund the second phase of the Takafol and Karama socials safety programmes.
Prime Minister Mostafa Madbouly and (...)
Egypt's first fin-tech company, e-finance, said it would be sold in an initial public offering (IPO) by the end of the year, Ibrahim Sarhan, head of e-finance said at the Euromoney Egypt Conference, held in Cairo on Monday.
Sarhan said the company (...)
Egypt's Minister of Communications and Information Technology Amr Talaat said that he is optimistic about the future of Egypt's economy, especially in the information and communication technologies (ICT) sector, adding that the country's digital (...)
Co-founder of Fawry for Banking and Payment Technology Mohamed Okasha said the successful offering of Fawry on the EGX gives a positive massage for investors that the Egyptian stock market is a significant hub for payment technologies or any (...)
Senior economist at the World Bank Hoda Youssef said that Egypt is vulnerable to external shocks and global market forces such as the global oil price and the work force abroad.
She said during the Euromoney Conference that external changes do not (...)
Managing director and head of Emerging Markets Economics at Citi Bank David Lupin said that if Egypt continues to rely on cheaper imports, its budget deficit will go up, asserting that policy makers face a challenge in balancing the ratio of real (...)
Egypt's planning, monitoring, and administrative reform ministry has allocated EGP 48.1 billion for the education sector as part of the current fiscal year (FY) plan that targets channelling macro-investments to education services with a growth rate (...)
Moody's released its Capital Markets Research which focused on a leading credit-risk indicator that signals a rising default rate and highlighted the impact of the US-China trade war.
For investment grade Moody's see year-end 2019's average (...)
