Transmar, a wholly-owned subsidiary of IACC Holdings, a leading container shipping company-owned and operated exclusively by Egyptians, has been taking part in promoting trade within the region between Egypt and its most strategic diplomatic and (...)
Egypt's President Abdel-Fattah El-Sisi reviewed with German Siemens CEO Joe Kaeser the final agreement on the establishment of an integrated system of a high-speed electric railway in Egypt, Presidential spokesman Bassam Radi said.
The system, set (...)
The Egyptian Financial Group Hermes Holding (EFG Hermes) has concluded the first issuance of a securitisation programme worth 6.5 billion pounds for Amer Group Holding Co, Porto Group Holding, and Qasatli.
EFG Hermes served as sole arranger and (...)
Challenges of the dam
Cairo University professor of water resources Nader Noureddin talks about the challenges of building and operating the Aswan High Dam
On 14 January 1971, Nader Noureddin, today a well-known expert on water resources, was about (...)
A number of investment banks expect the Egyptian pound will not depreciate against foreign currencies on the back of the slowed growth of Egypt's foreign currency earners like tourism, the Suez Canal, and exports owing to the Covid-19.
“The dollar (...)
Going around on roller-skates can feel like flying through space. Moving speedily, feeling the air hitting your face, being in front of others, and going around without the need to respect the rules – all these things can be true when you try (...)
Egypt has allocated 236 million Egyptian pounds to support the National Organization for Potable Water and Sanitary Drainage's (NOPWASD) plan to provide electricity to the Bahr El-Baqar wastewater treatment plant, according to the Minister of (...)
Four Egyptian insurers are vying to win an insurance policy tender to cover TAQA Arabia's assets, sources familiar with the matter told Amwal Al Ghad on Sunday.
TAQA Arabia, a major natural gas distributor in Egypt and part of Qalaa Holdings, is (...)
Ceramica Cleopatra vs. Ahly
Stay tuned as match is due to start at 19:30 Cairo time (GMT+2)
Venue: Suez Stadium
Referee: Mohamed Youssef
Check the match preview here
(For more sports news and updates, follow Ahram Online Sports on Twitter at (...)
Egyptian state owned bank, National Bank of Egypt (NBE) opened a new branch inside Irshad Building in Ismailia.
The NBE also signed a follow-up cooperation protocol with Suez Canal Authority
The new banking facility will offer basic and developed (...)
2020 has not been, by all accounts, an ordinary year in human history. There were no global, regional or economic disasters. There was no cold war that made the international order descend into chaos. To the whole world's great surprise, it was a (...)
Article 150 of the constitution requires the president to visit the House of Representatives and deliver a policy statement at the opening session. Mahmoud Fawzi, the House's secretary-general, told reporters this week that the president is also (...)
No one expected it, and no economy was able to escape its repercussions. The coronavirus pandemic made 2020 one of the worst years for the world economy since the Great Depression, pushing advanced economies and emerging markets alike into (...)
President Abdel-Fattah Al-Sisi inaugurated Egypt' s first Go Green exhibition on Monday to showcase technologies and financing programmes available for converting petrol-powered vehicles to run on compressed natural gas (CNG).
Encouraging the use of (...)
All films screened in commercial cinemas are changed on Wednesday. Generally, shows begin at 10:30am, 1:30pm, 3:30pm, 6:30pm, 9:30pm and sometimes midnight, especially on week-ends. Special film seasons and screenings are held in cultural centres (...)
Egypt will see seasonably cold temperatures nationwide on New Year's Eve, meteorological experts predict, with dense fog impairing visibility on some roads in the early morning hours.
In an official statement, the Egyptian Meteorological Authority (...)
The Egyptian Financial Regulatory Authority (FRA) gave the greenlight to EFG Hermes Sukuk Co to issue Sukuk Al-Mudarabah for Cairo for Investment and Real Estate Development (CIRA) to finance its expansion in the field of education.
In the Sukuk (...)
The National Bank of Egypt (NBE) is leading an alliance of banks working in the Egyptian market to arrange an increase in financing for Oilex, an Egypt-based international company for the extraction of multiple forms of oils.
The NBE and First Abu (...)
A 48 percent discount on the transit fee of giant crude oil tankers was announced by the Suez Canal as it looks to maintain the canal's status as a critical shipping route.
The reduction applies to oil tankers with a static load of more than 250,000 (...)
Egyptian President Abdel-Fattah El-Sisi has ordered focusing the strategy of the Suez Canal Economic Zone (SCZone) on doubling investment opportunities and localising technology in line with Egypt's plan to develop ports and navigational services (...)
Reports on the Egyptian economy over the last 20 years have highlighted inflated public debt as one of its main shortcomings. The problem started with the Open-Door Policy in the 1970s, remained during the neo-liberal system of the Mubarak era, and (...)
The value of the Egyptian pound against the US dollar has always been a sensitive issue for all Egyptians, as it defines how much their savings are worth and is a key indicator of price direction.
Over the last 10 years, the pound has gone from (...)
In the first half of the last decade the army backed the people in two grassroots revolutions, and in the second performed a complementary role to civilian bodies in fostering economic recovery, development, and growth. The army performed these (...)
A 98-year-old man with a serious heart condition had to have heart valve surgery in one of Port Said governorate's hospitals last month. The cost of the operation was LE600,000 of which the elderly patient paid nothing, thanks to the newly (...)
A 98-year-old man with a serious heart condition had to have heart valve surgery in one of Port Said governorate's hospitals last month. The cost of the operation was LE600,000 of which the elderly patient paid nothing, thanks to the newly (...)
