In a strategic move to develop the Shaq Al-Thu'ban area, Minister of Trade and Industry Ahmed Samir convened with Sayed Abaza, Vice President of the Chamber of Building Materials Industries, and Yasser Rashid, Head of the Quarries and Mines (...)
Egypt's Minister of International Cooperation Rania Al-Mashat has invited Dutch businesses to attend a government-sponsored investment conference in June, held in partnership with the European Union (EU).
The invitation came during a Wednesday (...)
Egypt's Ministry of Health and Population has announced that over 13 million citizens have been examined for chronic diseases and kidney disease. The screenings are part of a presidential initiative launched in September 2021.
The initiative aims to (...)
Contact Financial Holding, a premier provider of non-banking financial services in Egypt, has successfully concluded its first securitization bond issuance for the year 2024. The issuance, managed by Sarwa Securitization, comprises a consumer (...)
In a landmark move for environmental sustainability, Danone Egypt has partnered with Shift EV to transform 50% of its distribution fleet into electric vehicles (EVs) using Shift's cutting-edge Electro-fitted technology. This initiative is a (...)
The Central Agency for Public Mobilization and Statistics (CAPMAS) has announced an increase in deposits within the Postal Savings Fund, reaching EGP 130.7bn in the fiscal year 2022/2023. This marks a 9.2% growth from the previous year's EGP (...)
Abu Dhabi's Comera Financial Holding, a conglomerate with a diverse portfolio in technology, fintech, and services, has joined forces with Beltone Holding, a rapidly expanding financial entity, to champion digital transformation and enrich customer (...)
Humans can continue learning throughout their entire lifespan. It has been hypothesized that this ability is responsible for the extraordinary flexibility with which humans use tools, a key factor in the evolution of human cognition and culture. In (...)
In an effort to support taxpayers and foster a cooperative relationship, Rasha Abdel Aal, the head of the Egyptian Tax Authority, has announced a comprehensive initiative to resolve all tax disputes for businesses with revenues not exceeding EGP 10m (...)
Dubleuse, a leading real estate development firm, has proudly announced the sell-out of the first phase of its latest venture, District People. This project, which is a blend of commercial and administrative spaces, is strategically situated in New (...)
EFG Hermes, the leading investment bank in the Middle East and North Africa, has completed its advisory role on Spinneys' $375m initial public offering (IPO) on the Dubai Financial Market (DFM). The IPO was significantly oversubscribed.
Spinneys, a (...)
Preparations are underway in Cairo for the 32nd session of the Egyptian-Jordanian Joint Higher Committee, scheduled for May 7-9. The committee is a key mechanism for advancing economic, trade, investment, and cultural ties between the two (...)
Banque Misr has forged a strategic partnership with Belmazad, marking a significant investment in Egypt's inaugural digital public auction platform. This venture is a key component of Banque Misr's digital transformation agenda, which aims to (...)
Egyptian Prime Minister Mostafa Madbouly reviewed the progress of the new urban complex being constructed on Warraq Island during a meeting on Tuesday. The project is part of the state's mission to upgrade informal settlements and improve (...)
Chefs House Cloud Kitchens and Chef's Studios have announced a new strategic partnership designed to support brand expansion and innovation within Egypt's food and beverage (F&B) sector. The agreement was formalized during the country's inaugural (...)
A previously unknown militant group has claimed responsibility for the killing of a businessman in Alexandria, raising concerns about escalating violence linked to the Israeli-Palestinian conflict.
The victim, who held citizenship in Israel, (...)
Global mobile banking malware attacks increased by 32% in 2023, highlighting growing threats to digital financial assets, according to Kaspersky's annual Financial Threats Report for 2023.
Android users saw the largest increase in mobile banking (...)
Hisham Talaat Moustafa, CEO and Managing Director of Talaat Moustafa Group Holding (TMG Holding), has been named to Forbes Middle East magazine's Top 100 Travel & Tourism Leaders in the Middle East for 2024. Moustafa, ranking 15th on the list, is (...)
Egyptian Prime Minister Mostafa Madbouly welcomed Jordanian Prime Minister Bisher Khasawneh at Cairo International Airport on Wednesday. Khasawneh will lead the 32nd session of the Egyptian-Jordanian Joint Higher Committee, scheduled to convene on (...)
Intense ceasefire negotiations between Qatari, US, and Hamas delegations continued on Wednesday in Cairo, as confirmed by a high-level source to Daily News Egypt. The talks, which commenced at 10 am, have yielded notable agreements despite some (...)
Egypt's President Abdel Fattah Al-Sisi on Wednesday met with Prime Minister Mostafa Madbouly and other high-ranking officials to review ongoing efforts focused on Egypt's key agricultural projects. The discussions centred on providing necessary (...)
Egypt's budget deficit narrowed to 6% of gross domestic product in the fiscal year (FY) that ended in June 2023, Finance Minister Mohamed Maait said. The debt-to-GDP ratio also improved, falling to 95.8% in 2023 from 103% in June 2016.
He indicated (...)
The Egyptian Tax Authority will reduce the minimum value threshold required to include the national ID data of buyers on electronic invoices from EGP 50,000 to EGP 25,000, starting from 1 August. Financiers will have a three-month grace period to (...)
Egypt's real estate market is experiencing a significant resurgence, driven by renewed investor confidence, a stabilized currency, and substantial foreign direct investment. This marks a positive turning point for the sector, according to JLL's (...)
The General Authority for Investment and Free Zones (GAFI) and Crédit Agricole Egypt recently signed a memorandum of understanding (MoU) to support GAFI's strategy of attracting foreign direct investments to Egypt. The signing ceremony, attended by (...)