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Bank Audi plans to open nine new branches in Egypt

Bank Audi plans to expand its footprint in Egypt in 2019. As part of Audi’s nationwide branch expansion plan, nine new branches will be inaugurated in strategic locations mostly outside Greater Cairo to cover more governorates and to reach more diversified segments of customers. Driven by uncompromising mission to offer the best banking services and …

Daily News Egypt

WFC appoints Mohamed Abdel Salam as chairperson

The World Forum of Central Securities Depositories (WFC) appointed Mohamed Abdel Salam as chairperson of the organisation for a period of two years until April 2021. Abdel Salam is the Chairperson and Managing Director of Misr for Central Clearing, Depository and Registry (MCDR). The selection was made on the sidelines of the meeting by the …

Daily News Egypt

Motor accidents down by 23.6%, railway up 14% in 2018

Car accidents in Egypt declined by a total of 2,618 cases in 2018, compared to 2017, according to the bulletin issued recently by the Central Agency for Public Mobilization and Statistics (CAPMAS). The year 2018 witnessed 8,480 accidents which resulted in 3,087 deaths, 11,803 injuries, and 13,441 vehicles damaged. In 2017, car and train accidents …

Daily News Egypt

Jean-Luc Godard honoured with FIAF award

The International Federation of Film Archives (FIAF), the largest and most important global network of cinematheques and film archives around the world, presented on 11 April its 2019 FIAF award to the legendary French-Swiss filmmaker Jean-Luc Godard during a special ceremony in Lausanne, Switzerland. The honouring ceremony took place at the Casino de Montbenon, home …

Daily News Egypt

MERQ receives first financing round for its AI product ‘Sally’

MERQ has received the first post-establishment financing round to develop its products, notably ‘Sally’, the first Chatbot through Facebook’s social networking platform to introduce the Egyptian community to all credit card systems within the country. The first financing round was funded by Ahmed Kamal Selim, a financial investor, with a minority stake in the company …

Daily News Egypt

MNHD reports EGP 1.72bn in pre-sales for Q1 2019, launches office park

Madinet Nasr Housing and Development (MNHD), a leading Egyptian urban developer, announced on Sunday that its pre-sales (contracted sales plus reservations) for the the first quarter (Q1) of 2019 reached EGP 1.72bn, up 9% year-over-year. According to the company’s press statement, pre-sales were mainly driven by the demand of the residential units as well as …

Daily News Egypt

Ministry of Immigration seeks to connect 2nd, 3rd generation of Egyptian expats to their home country: Nabila Makram

The Minister of Immigration and Egyptian Expatriate Affairs Nabila Makram, said that president Abdel Fattah Al-Sisi created a positive image of the Egyptian state, regarding religious tolerance, and rights of Copts, explaining that her ministry seeks to connect with the second or third generations of Egyptian expats. Makram’s statements came during Egypt’s international technology innovation …

Daily News Egypt

Egypt ready for digital transformation: MCIT Minister

The Ministry of Communication and Information Technology (MCIT) has a four-pronged action plan to implement Egypt’s 2030 strategy in order to achieve the country’s digital transformation, to accomplish further efficient management of the state’s resources, MCIT Minister, Amr Talaat, said. Talaat’s statement came during Egypt’s international technology innovation summit titled ‘Narrative Disruptors’ which was launched …

Daily News Egypt

Al-Azhar condemns racist chants against Liverpool’s Mohamed Salah

The leading Sunni institution Al-Azhar has condemned reported racist chants by the British Chelsea fans against Liverpool’s Egyptian footballer Mohamed Salah. The institution’s observatory for countering extremism said in a statement on Friday that the “racial excesses are a dangerous indicator, demonstrating that extremist practices do not stop at the level of hatred of Muslims …

Daily News Egypt

Egypt accepts French wheat shipment after re-testing for ergot fungus

Egypt has restested a French wheat shipment that was rejected earlier for having high levels of the grain fungus ergot, and found to have acceptable levels, on Satuday. According to Reuters, citing Othman Mohammad Younes, general manager of the Safaga silo the cargo at the Red Sea port of Safaga will be offloaded and distributed …

Daily News Egypt