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The Waterway Developments unveils their newest and biggest commercial development 5A
The spectacular opening night did not disappoint with an impressive line-up of entertainers including renowned international rapper Masked Wolf who opened the event, a headline act from the favourite Egyptian superstar Amr Diab and the lovely Romanian born singer Inna who closed the show.
Hamas announces prisoner exchange deal with Israel
The movement said that it will spare no effort to release the Palestinian detainees in Israeli, considering that their liberation is a religious, national, and humanitarian duty.
Egypt’s Trade Minister, heads of exports councils discuss boosting exports
The meeting also discussed the most prominent challenges facing exporters and ways to overcome them.
Banks inject EGP 53.2bn in mortgage financing initiative for low-income individuals
NBE acquired 27.3% of total financing, worth EGP 15.179bn, granted to 132,140 customers
Two Arab golfers made a statement this week at the Asian Tour’s flagship event
Egypt’s Issa Abou El Ela and Morocco’s El Mehdi Fakori both made the cut as amateurs at this week’s PIF Saudi International
Four things we learned in Spain’s Matchday 20
Once again they were rock solid in defense and although they were denied by some fine goalkeeping by Bono in the first half, the second saw them create enough chances to win easily.
Strategic partnership between Pickalbatros hotel group, Booking.com
Pickalbatros group wins international certificates of appreciation from Booking.com
$1.65bn in transfers done through the company during 2022: IBAG
IBAG currently cooperating with Banque Misr to launch an application and link it with all banks
Egypt to host first-of-its-kind Cybersecurity & Defence Intelligence Systems (CDIS-EGYPT) in May
The 3-day cybersecurity and defence intelligence systems exhibition and conference will shed light on the status quo and future of cybersecurity in Egypt, MENA and worldwide over the course of 3 days from 16-18 May 2023 where local, regional, and international companies will showcase their state-of-the-art technology and capabilities. A conference will take place on the sidelines of the exhibition where international, regional and local speakers will discuss and share their knowledge and expertise with attendees.
Arab League warns against silence over Israel’s “open war” on Palestinian people
Secretary-General of the Arab League, Ahmed Aboul-Gheit, warned of the silence about the deterioration in the situation in the occupied Palestinian territories with the escalation by the Israeli occupation forces in the West Bank.
FM Shoukry condoles Turkish and Syrian counterparts after deadly earthquake
Ambassador Ahmed Abu Zeid, the spokesman of the Ministry of foreign affairs, said that Minister Shoukry informed his Turkish counterpart that Egypt decided to direct urgent relief aid in solidarity with the Turkish state and the brotherly Turkish people in the face of the repercussions of that disaster, wishing the success of the ongoing rescue efforts.
SEMADCO on radar of Gulf investors
The Holding Company for Chemical Industries owns all the shares of SEMADCO.
FRA approves Aman for Financial Services’ EGP 400m bond issuance
EGP 55bn in securitization issues during 2022
Palestinian Presidency condemns killing of five citizens in Jericho
The Presidency stressed that the commission of this crime in Jericho confirms that the new Israeli government is continuing the series of crimes against the Palestinian people.
Al-Sisi, Milanović discuss bilateral and international relations of mutual interest
Two presidents expressed mutual appreciation for the extended historical relations between Egypt and Croatia
Hundreds of people were killed and thousands were injured in Turkey and Syria after a destructive earthquake
Several countries announced their willingness to help and send specialized teams to contribute to the efforts to confront the disaster
EU: we support “addressing economic drivers of illegal migration” in Egypt
This came during the first meeting held by the NCW of the steering committee of the project “addressing the economic motives of illegal migration”, headed by Naglaa al-Adly, director general of the Department of international cooperation and external communications at the council, with the aim of presenting the project and its efforts in the four target governorates, namely Minya, Luxor in Upper Egypt, Gharbia and Beheira in the Delta.
EIB Group commits €17bn in supporting EU energy security, green economy in 2022
EIB exceeds target of channelling at least 50% of its total financing to climate action and environmental sustainability, well ahead of 2025 goal
AL- Sisi expresses aspiration to strengthen bilateral cooperation between Egypt and Romania
Ahmed Fahmy, the spokesperson of the presidency of the Republic, said that the president praised the historical relations between the two friendly countries, which have been inaugurated for 117 years.
Irrigation Minister heads to Tanzania for a 2-day official visit
The visit aims to discuss bilateral cooperation in the water sector
USAID underscores United States’ enduring partnership with Egypt
During her visit, Deputy Administrator Adams-Allen expressed USAID’s commitment to diversity, equity, and inclusion within the USAID/Egypt community, partners, and programs. She also visited different USAID programs to learn more about the significant history and depth of USAID’s work in Egypt, especially in the sectors of health, women’s empowerment, economic growth, and tourism.
CBE to offer $1bn worth treasury bills on Monday
Proceeds of T-bills are directed to pay off previous offers issued on 7 February 2022
Environment Minister reviews progress in industrial pollution control project
126 projects with total soft loans of €483m
EGP 8.7bn directed to 414 projects in Sharkeya: Minister of Planning
Growth rate of 8.75% over previous year’s plan
51 reports filed against Phantom with EGP 17.5bn tax dues: Ministry of Finance
Company reportedly imports raw materials, equipment for trading not manufacturing
Head of SCZone receives Japanese ambassador to discuss boosting cooperation
The embassy is making arrangements with the UNIDO office in Tokyo and the Japan Center for Cooperation with the Middle East JCCME, to meet with a delegation from the Suez Canal Economic Zone, and Japanese companies interested in and willing to pump investments within the region, as part of the great interest that the economic zone receives from various countries of the world. This interest has significantly grown after the remarkable development in the performance of the economic zone in the field of localization of various industrial and service sectors and the promotional activity carried out by the Authority.
Prime Minister follows up on localisation plan of mobile industry in Egypt
The meeting was held in the presence of Mohamed Maait, Minister of Finance, Amr Talaat, Minister of Communications and Information Technology, Al-Shahat Al-Ghattouri, Head of the Customs Authority, and Sherine El-Gendy, Assistant Minister of Communications and Information Technology for Strategy and Implementation and Head of the General Budget Sector at the Ministry of Finance, Ahmed Al-Zaher, Acting CEO of the Information Technology Industry Development Authority, Hossam Othman, Advisor to the Minister of Communications and Information Technology for Technological Innovation, Electronics Industry and Training, and officials of the concerned authorities.
NTRA registers 3 billion VoLTE calls in 4Q 2022
Measurement methodology entailed conducting quality-measuring tests on samples of voice calls and data services to determine the quality of telecom services provided for users within Egypt’s market. To this end, measuring equipment and vehicles were used for distances of 122,000 kilometers, across major and sub roads of urban and rural areas, during the fourth quarter of 2022.
Dino Activations Brings “OVO” by Cirque du Soleil to Egypt for the First Time
• The World’s biggest entertainment show by Cirque du Soleil comes to Egypt following Disney On Ice blockbuster achieved the highest tickets sales in the Middle East.
Meta annual study reveals behavioural insights on Egypt observers, shoppers during Ramadan
Study conducted in partnership with YouGov, with over 18,000 adults in 12 countries, including Egypt, UAE and Saudi Arabia
FM Shoukry discusses with OIC Secretary General preparations for meeting of OIC foreign ministers
Ambassador Ahmed Abu Zeid, spokesman for the Ministry of foreign affairs, said that during the call, Minister Shoukry stressed Egypt’s keenness to actively participate in all the activities of the organization in a way that contributes to maximizing its role to face the challenges witnessed by the Islamic world, especially the phenomenon of Islamophobia.
EGP 1.580tn increase in domestic liquidity at Egyptian banking sector during 2022
Total non-governmental deposits in local currency increased to EGP 5.411trn, foreign deposits EGP 1.160trn