Yehia Zaki, Chairperson of the General Authority of the Suez Canal Economic Zone (SCZone) said that the authority is organising a conference for investing in its projects, which is scheduled for next March at the Galala area.
He added that the (...)
While the Egyptian Ministry of Health announced the first case of a new Coronavirus in Egypt in a foreign national, in addition to the rising number to reach 70,000, some companies on the Egyptian Exchange (EGX) have confirmed so far that there are (...)
Remittances from Egyptian expats went up by 12.1 percent during first five months of FY2019/2020, from July to November 2019, recording $11.1 billion, up from $9.9 billion in the same months of 2018, according to the Central Bank of Egypt (...)
Earlier this month, Cairo's first electric public bus began running between Abdel-Moneim Riad Square in downtown Cairo and New Cairo. Operated by joint-venture transport service-provider Mowasalat Misr, the so-called X-bus charges LE25 per ticket. (...)
The Egyptian Agency of Partnership for Development (EAPD) was established in July 2014 to lead South-South cooperation. It aims to utilise Egypt's comparative advantages and technical expertise for the benefit of the South and in particular of (...)
Led by the US and Russia, the world has been searching for humanity's future. Efforts to explore outer space have been made since the 1960s when the first astronauts landed on the moon. There are now plans to send humans to Mars and explore other (...)
RE/MAX Al Mohager, a real estate broker, aims to achieve EGP 2.2bn contractual sales in commercial and administrative projects for developers this year, said the franchise owner Mohammad Degheady.
The company's non-residential portfolio consists of (...)
The European Bank for Reconstruction and Development (EBRD) prepares for a new €200m framework for Egypt's tourism sector in the next period, the EBRD's Vice President of Banking, Alain Pilloux, said.
"The idea behind this framework is to design a (...)
The Industrial Development Bank (IDB) has pumped EGP 2.2bn to finance 205 factories, as part of the "One Thousand Factories" initiative launched by the bank in mid-2019.
Last week, the bank opened its newest branch in Minya, within the framework of (...)
Egypt's Petroleum Minister Tarek El-Molla signed a new exploration licence agreement with Neptune Energy for North West El Amal Offshore Concession on Wednesday.
The signing took place on the side-lines of Egypt Petroleum Show (EGYPS) 2020. (...)
Deutsche Bank expected that the Egyptian pound will continue to strengthen against the US dollar to reach EGP 15.5 by the end of the first half of 2020 and EGP 15 by the end of the year.
According to a bank report, additional structural improvements (...)
Minister of Petroleum Tarek El-Molla said Egypt envisions energy as a tool to achieve development, peace, and prosperity regionally.
On the sidelines of the 2020 Egypt Petroleum Show (EGYPS), El-Molla said Egypt's call for the establishment of the (...)
Minister of Health Hala Zayed announced on Tuesday that 52,404 citizens in South Sinai registered for the new comprehensive health insurance system since the registration began in October.
Zayed made a follow up visit to the Wadi Tal Family Health (...)
Egyptian Oil Minister Tarek el-Molla has on Wednesday signed a new oil and gas exploration and production deal worth at least $35 million with UK private-equity backed Neptune Energy.
The deal, signed during the energy conference EGYPS in Cairo, (...)
Vice President of the European Bank for Reconstruction and Development (EBRD) Alain Pilloux is visiting Egypt from 9 to 13 February for meetings with government officials and the private sector as well as launching the Bank's activities in Ismailia, (...)
The Central Agency for Public Mobilization and Statistics (CAPMAS) said the annual urban headline inflation recorded a slight increase in January to 7.2%, compared to 7.1% in December 2019.
CAPMAS said on Monday that the consumer price index reached (...)
Egyptian President Abdel-Fattah El-Sisi on Friday inspected development work in Cairo's Ezbet El-Haggana that aims to alleviate the suffering of around 3 million people in the slum district, according to a statement.
His spokesman Bassam Rady said (...)
With regards to recent rumours circulating in the media about the possibility of BLOM BANK exiting the Egyptian market, the Bank's General Management assures that these rumours have absolutely no basis, a statement by the bank said on Wednesday.
"In (...)
The intense fossil fuel exploitation in the Middle East is responsible for the release of large amounts of gaseous pollutants into the atmosphere, particularly since the region accommodates more than half of the world's known oil and gas (...)
A Cairo criminal court handed former military officer Hisham Ashmawi a second death sentence on terrorism charges on Saturday. Ashmawi, 42, was handed his first death sentence in November by a military court.
The court ordered that the sentences (...)
The Grand Egyptian Museum (GEM) is indeed shaping up to be a gem. Anyone passing the GEM are stopped in their tracks by the grandiosity of the premises. The new museum has come a long way in a short time. While a year ago the building was surrounded (...)
Sterling and Wilson was awarded the implementation contract of Telecom Egypt's (TE) data centre in the Smart Village in a tender launched by the national telecommunications company.
A well-informed source told Daily News Egypt that the construction (...)
The Ministry of Health announced on Tuesday that 4.5m Egyptian women were medically screened within the first two stages of the presidential initiative to support women's health under the slogan “100 million health.” The Initiative was launched in (...)
Around 4.5 million Egyptian women have been screened under Egypt's "100 Million Health" initiative, Health Minister Hala Zayed announced on Tuesday.
Ministry spokesman Khaled Megahed said the initiative targeting women, which begun in July last (...)
Prominent sources expect BLOM Bank to leave the Egyptian market in the coming period, in the context of the crisis experienced by Lebanese banks, and its disposal of its foreign investments, to provide liquidity to support its mother centres in (...)
