Egypt, New Zealand discuss Gaza crisis, Red Sea security
Egypt’s Foreign Minister Sameh Shoukry and his New Zealand counterpart Winston Peters had a phone conversation on Tuesday to discuss the humanitarian crisis in the Gaza Strip and the political…
Egypt’s Ministry of Finance to issue EGP 540.25bn worth of T-bills, bonds in February
The Ministry of Finance plans to launch 25 auctions for treasury bills (T-bills) and bonds worth EGP 540.25bn in February. This consists of 16 auctions for bills totalling EGP 528bn…
Israeli army escalates bombing in Gaza amid EU, US support
The Ministry of Health in Gaza reported on Tuesday that the death toll from the Israeli war on the Gaza Strip had reached 26,751, while 65,636 people had been injured.…
Standard Chartered Bank opens doors in Egypt, eyes trade, investment boost
Standard Chartered Bank (StanChart) officially commenced operations in Egypt on Tuesday, marking a strategic move to support the country's economic development ambitions. Receiving the final green light from the Central…
Robust raises $3m to expand its AI-powered delivery logistics solutions
Robust, an emerging technology company that specializes in logistics with artificial intelligence (AI), has secured a $3m funding round led by Silicon Badia, with participation from Reimagined Ventures, Flat6Labs, and…
Cairo’s hospitality sector sees occupancy rates rise to 70% in November 2023
Egypt’s tourism numbers, soaring at about 8 times the global tourism rate of 4.5%, have been crucial in boosting overall growth, according to JLL’s “A Year in Review” report of…
SAK invests EGP 2bn in Egypt’s real estate market
Company explores new investment opportunities in east, west Cairo, says chairperson
Mabany Edris to invest EGP 2bn in 2024
Mabany Edris for real estate investment is getting ready to launch the second phase of Central Avenue in Sheikh Zayed City, with a total investment of EGP 600m. The second…
Egypt boosts its hard currency income by selling lands in dollars
The government of Egypt is trying to increase its foreign currency reserves and collect the highest amount possible in hard currency to meet its obligations. This was evident in the…
Egypt’s Parliament passes law granting military role in protecting vital facilities
The Egyptian House of Representatives has approved a new law granting the armed forces a greater role in securing and protecting public and vital facilities in the country. The move…