29215 Articles
Egypt will be hosting the 2019 African Cup of Nations (AFCON) from 21 June to 19 July for the fifth time, to be the most country organising this championship. The four other editions were in 1959, 1974, 1986, and 2006. The championship will be seeing the participation of 24 teams for the first time in …
Lafarge Egypt, a member of LafargeHolcim Group, has been chosen by the Chinese CSCEC which implements skyscrapers in the Central Business District (CBD) at the New Administrative Capital (NAC) as the sole cement supplier for the foundation works, Invest-Gate reports. Lafarge said in press statement on Thursday that it will supply cement under the long-term …
The Minister of Investment and International Cooperation, Sahar Nasr, said that amendments approved by the cabinet to adjust some provisions of the Investment Law number 72 of 2017 will encourage companies wishing to expand their investment projects through providing them with specific incentives after the law restricts these incentives to new projects. Nasr added that …
Transaction was met with strong demand from global, regional, Egyptian investors
Hasm movement appeared in early 2016, claimed responsibility for several attacks
SDF made remarkable progress in fighting group
With e-commerce being the most promising business on the rise around the region, a new tycoon has announced its intention to enter the Egyptian market. Ever since its inception in 2011, Namshi has been one of the leading e-commerce platforms in the region. Specialised in mid-market goods from fashion to beauty and home ware, Namshi …
Mohamed Mahgoub, the president of the Egyptian Weightlifting Federation, said that the support received by the federation from the ministry of youth and sports, reaches an annual EGP 1.3m. Mahgoub told DNE that the sum is divided into three parts, one for the employees’ salaries, another for local tournament and activities, and a third for …
Essam Nawar, the president of the Egyptian Wrestling Federation, said that the ministry of youth and sports had approved a budget of EGP 16m for the preparation of the Tokyo Olympics 2020. He told Daily News Egypt that the Wrestling Federation submitted a large budget request and after several reviews, the budget was set at …
Shell Egypt announced the completion of its campaign entitled ‘Driven by Passion,’ which aims to support female role models and highlight their successes. This comes in parallel with the International Women’s Day, and the company’s belief in the important role women play in the energy industry and in the society as a whole. Launched in …
Mohamed Gamal Elgarhy, Vice chairman ang managing director of El Garhy group, is one of the most influential figures in the Egyptian Economy .
High demand on precious metal reduces dependence on Euro
Palm Hills Developments (PHD) and Sarwa Capital (Sarwa) announce the closing of the latest issue of securitisation bond for PHD, backed by the receivables portfolio’s net present value which stood at EGP 609m, after applying a discount rate of 16.04% on the gross receivables portfolio of EGP 760m, calculated based on the average coupon of …
Tech giant seeks to lure local small, medium businesses to advertise on its platforms
61% of Egyptians think ease, speed of payment are important when it comes to using public transport
It comes 10 years after first case, known as the ‘Berlin Patient’
Signify, previously Philips Lighting, considers Egypt as an important regional hub to increase its exports to North and East Africa in the company’s growth plans for 2019. The company won a deal to install its smart lighting systems at five stadiums in Egypt where the African Cup of Nations 2019 will be held. The company’s …
The 6th round of the annual conference of the Chamber of Information Technology and Communications (CIT) ‘Digital Nation 6’, has launched with the participation of the Minister of Communications and Information Technology, Amr Talaat, and the Minister of Investment and International Cooperation, Sahar Nasr, and the CIT Chairperson, Waleed Gad, and around 100 ICT investment …
The Minister of Housing, Utilities and Urban Communities, Assem El Gazzar, said that the ministry aims to complete the implementation of more than 40,000 housing units as well as, completing a number of utilities and services projects in the New Administrative Capital (NAC) by the end of June 2020. The projects, due to be completed …
The Minister of Finance, Mohamed Moeit, approved on Tuesday EGP 10.2bn as urgent allocations for both months January and February, to the General Authority for Supply Commodities (GASC), the Egyptian National Railways (ENR), the General Authority for Health Insurance (GAHI), and the National Media Authority (NMA). “The allocations included EGP 8bn for the GASC, which …
‘Indian claim about shooting down Pakistani aircraft is not true,’ Pakistani ambassador to Cairo
Al-Sharara oil field to reopen nearly 3 months after it was seized by militants
President met with Kenyan delegation led by Monica Juma
Driver faces charges of intentional murder, neglect
Hisham Talaat Moustafa, is one of the most influential figures in the Egyptian Economy and “Talaat Moustafa Group” is the “Pioneering Real Estate Developer – 2018”
Narrative Disruptors, Egypt’s first international tech innovation forum, will take place in Cairo in the middle of April under the auspices of Egypt’s Minister of Communications and Information Technology, Amr Talaat. The summit is organised by Egyptian CC Plus firm in cooperation with leading digital solutions provider VictoryLink. It is a side-forum of international public relations gathering Narrative …
Palm Hills Developments has achieved EGP 12.5bn sales in its project with an increase of 18% Y-o-Y, according to consolidated financial statements for the last quarter (Q4) of 2018. The statement said that the company has succeeded in selling 3,102 units in fiscal year (FY) 2018, compared to 2,136 units in FY 2017. The company …
Saving hundreds of rare relics from drowning, the Ministry of Antiquities announced completing the restoration of Kom El-Shoqafa archaeological site in Alexandria. The renovation process included lowering underground water that was threatening the relics in the tombs. The restoration was conducted with the help of the United States Agency for International Development (USAID) and the …
Sarwa Capital Holding for financial investments, announced on Monday the receipt of the requisite licences from the Financial Regulatory Authority (FRA) in order to commence offering life and general insurance products. Accordingly, two new companies will be commenced, Sarwa Insurance Company, which will provide property and liability insurance, and Sarwa Life Insurance Company, which will …
Exercises involved Rafale fighter jets for first time
