GoEast festival kicks off with focus on Eastern European women
Topic of discussion for films in 2018 edition of GoEast festival will be nationalistic tendencies in Central, Eastern European films
Daily News Egypt
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Kabil, 50 Chinese textile business leaders discuss investment opportunities in Egypt
There are great opportunities for investment partnerships between Egyptian, Chinese private sectors, minister says
Financing for development should focus on channelling resources to eradicate poverty: Nasr
Minister of Investment and International Cooperation Sahar Nasr stressed that financing for development should focus on channelling resources to eradicate poverty, in line with the overall goal of the Sustainable Development Strategy (SDS): Egypt Vision 2030. “In this context, any resources for financing development must be consistent with national priorities and development strategies of the …
Youssef Chahine returns to Cannes with screening of El-Massir
Late Egyptian director was awarded Cannes Film Festival’s 50th anniversary Lifetime Achievement Award in 1997
Israel continues to deny involvement in assassinations of Palestinian militants
As world commemorates 70 years since Nakba, Israel has long history of suspected targeting of Hamas, Fatah leaders
14th African Championships for Rhythmic Gymnastics, Trampoline kicks off Thursday
In 2016, Egypt’s under-16 team won 5 gold medals, Egyptian individuals won 1st, 2nd, 3rd, 4th places
Renault introduces new Duster at 40th anniversary in Egypt celebration
Industry, trade, economy climate paving way for further expansion, says Walentynowicz
Cyber breach of Careem customer, driver data
Ride-hailing company Careem identified a cyber incident involving unauthorised access to the system it uses to store data. According to a statement sent from the company to its users on Monday, Careem became aware on 14 January that “online criminals” gained access to its computer systems, which hold customer and driver account data. Customers and …
Egypt-based Swvl raises $8m in series A funding
Swvl, the Egyptian app-based mass transit application, announced an $8m series A that was led by regional venture fund BECO Capital, Africa-based investor DiGAME, and venture capital (VC) firm Silicon Badia. Other VC firms, Raed Ventures, Arzan VC, and Oman Technology Fund, and the chairperson of EDventure Holdings, Esther Dyson, also participated in the round. …
Al-Sisi ratifies amendment to law on real estate expropriation
President Abdel Fattah Al-Sisi ratified on Monday an amendment to the law on real estate expropriation for public benefit, following parliament’s approval. The amendment—which was published in the official gazette—entails that compensation will be estimated in accordance to the prices on the market at the time of implementation of the decision, plus an additional 20% …
Arab affairs committee calls for ending bloodshed in Yemen
Committee denounces Iranian interference
Egypt conducts military drills with Bahraini special forces
Two weeks ago, Egypt launched third joint military training exercise with UAE
Jazzy, N by Natalie localise biggest spring trends
Vibrant, colourful, and outgoing are only a glimpse of what a true spring season should be. With the weather drastically changing overnight, wardrobes were simultaneously changed in a blink of an eye. Heatwave after another, local fashion designers are already racing time to launch their new collections. Homegrown eyewear brand Jazzy is known for its …
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Bambah celebrates Ramadan with colourful flora kaftans
With all eyes fixed on the Middle East, modest fashion is crossing the borders between the east and the west in order to become a global form of dressing. Meanwhile, international designers are starting to experiment with this direction; evidently, regional designers are taking the front seat as leaders of this particular move. Bambah Boutique …
High-profile delegation explores investment opportunities at Hapi conference
The Hapi investment conference, to be held on 29 April, aims to provide an opportunity to present and discuss employment opportunities and partnerships between investors, as well as Egypt’s competitiveness level in facilitating business processes. The conference will be held at the Nile Ritz-Carlton and under the auspices of Sahar Nasr, minister of investment, Yasser …
Slight growth in ADSL users in January
The ADSL market acquired 129,500 new users in January this year, increasing its base from 5.1 million users in December 2017 to 5.32 million. In a different context, Telecom Egypt gained 7,500 new landline clients in January, increasing from 6.6 million in December 2017 to about 6.61 million in January 2018. The internet market added …
IHG signs two-hotel deal in Egypt with Arabia Hotels
InterContinental Hotels Group (IHG), announced the signing of a deal for two new hotels in Giza on Sunday, Egypt-Holiday Inn Giza Sun Capital and Staybridge Suites Giza Sun Capital, in partnership with Arabia Hotels, a subsidiary of Arabia Holding. The announcement was made at the Arabian Travel Market 2018. The two hotels are scheduled to …
Al-Sisi discusses Syrian, Middle Eastern crises with Macron
Egyptian president stressed his country’s refusal of internationally forbidden weapons use in Syria
Egypt’s Ministry of Foreign Affairs hosts political consultations with Brazil
The Egyptian Ministry of Foreign Affairs held political consultation meetings with Brazil, during which the two countries focused on discussing regional issues and updates on the situation in the Latin American region. The officials of both sides discussed Egypt’s prominent role in the region, such as efforts to revive the Middle East peace process, as …
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World celebrates International Book Day
The world celebrated on Monday International Book Day, with 23 April acting as a symbolic date for world literature. On this date in 1616, famous writers Miguel de Cervantes, William Shakespeare, and Inca Garcilaso de la Vega all died. It is also the date of birth or death of other prominent authors, such as Maurice …
Egypt welcomes North Korea’s move towards denuclearisation
Move would boost climate of confidence, support peace in Korean Peninsula, Foreign Ministry says
Egypt condemns Kabul suicide bomb attack
Country calls for decisive international action against funding, hosting ‘terror groups’
OTMT studies investment opportunities as it quits Inertia takeover deal
Company mulls expansion in Egypt to boost revenues
SODIC, MHND merger to have strategic impact on both firms: report
Synergy between two companies to enhance Egypt’s real estate sector
United Bank launches UB Digital Wallet
Fintech has become main engine of growth for national economy, dissemination of financial inclusion culture, says El Kady The United Bank of Egypt (UB) launched the UB Digital Wallet, which is its latest technological solution for the Egyptian financial market, in lieu with the efforts of the state and the Central Bank of Egypt (CBE) …
ABE, Visa launch partnership for cooperation in digital payments industry
The Agricultural Bank of Egypt (ABE) and Visa Inc have entered into a strategic partnership agreement which includes, in its first phase, the training of 400 ABE employees who deal directly with customers to improve the bank’s level of products and services within the framework of achieving the principle of financial inclusion. Elsayed Elkosayer, chairperson …
NBE joins one of largest global blockchain initiatives
In line with Egypt’s national digital transformation strategy, and in support of the Central Bank of Egypt (CBE)’s direction to encourage the financial services industry to adopt innovative financial technologies, the NBE has recently joined enterprise software firm R3’s global blockchain initiative of over 200 financial services firms, technology companies, central banks, regulators, and trade …
Marakez signs 15-year lease agreement with Spinneys for Mall of Tanta
Marakez for real estate investment has signed a 15-year agreement with Spinneys hypermarket to lease approximately 4,100 sqm in Mall of Tanta, according to a Saturday press statement. The company is the Egyptian arm of Saudi Arabian conglomerate Fawaz Alhokair Group, the largest mall developer in the Middle East. “At Marakez, we made a concerted, …
Tahya Misr Fund delivers 22 trucks as part of youth empowerment projects
The Tahya Misr Fund announced the delivery of 22 trucks, to the beneficiaries of youth empowerment projects, in the governorates of Daqahleya, Kafr El-Sheikh, Matruh, Sharqeya, Menoufiya, Fayoum, and Qena, according to a Friday press statement. The fund plans to distribute a total of 356 1.5-tonne capacity trucks in 22 governorates by the second quarter …
IMF, CBE, government to host inclusive growth and job creation conference on May
The International Monetary Fund (IMF), the Central Bank of Egypt (CBE) along with the Egyptian government, will co-host a high-level conference in Cairo, on May 5-6. According to a press statement issued by the IMF on Friday. The conference aims to promote higher economic growth and job creation in Egypt to meet the needs of …