Daily News Egypt

26455 Articles

Advertising Area





Latest by Daily News Egypt


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 …

Daily News Egypt

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 …

Daily News Egypt

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. …

Daily News Egypt

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% …

Daily News Egypt

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 …

Daily News Egypt

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 …

Daily News Egypt

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 …

Daily News Egypt

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 …

Daily News Egypt

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 …

Daily News Egypt

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 …

Daily News Egypt

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) …

Daily News Egypt

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 …

Daily News Egypt

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 …

Daily News Egypt

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, …

Daily News Egypt

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 …

Daily News Egypt