Resource-rich Africa has no excuse to remain poor, says African Development Bank president
Africa's potential for growth is undeniable. With $6.2 trillion worth of natural resources, 65 percent of the world’s uncultivated arable land, and a vibrant youth population, Africa has no excuse…
Egyptian cinemas empty as people commiserate with Palestine
Gaza war dampens mood of Egyptian cinema-goers
Harnessing power of spontaneous shopping: Insights from Black Friday and Cyber Monday
Black Friday and Cyber Monday have become global sales phenomena, captivating millions of shoppers worldwide. In 2022, online Black Friday sales reached a staggering $65.3bn, representing a 3.5% growth. Further…
Huawei’s MEA Ecosystem Summit fosters innovation, partnership in MEA
The HDC·Together HUAWEI MEA Ecosystem Summit, held in Dubai, UAE, on November 27, 2023, brought together Huawei Ecosystem partners from China and across the Middle East and Africa (MEA) to…
Egypt’s Petroleum Minister discusses investment opportunities with Dana Gas, Petronas
Dana Gas plans to invest $43m in drilling program in 2024
Orascom Construction secures $5.2bn worth of new contracts in 9M 2023
Company’s new contracts in Egypt are mostly financed by international organisations, says CEO Beshay
FABMISR reports net profits of EGP 8.2bn in 9M 2023
First Abu Dhabi Bank Misr (FABMISR), one of the largest banks operating in Egypt, achieved a net profit of EGP 8.2bn for the nine months ending on 30 September 2023,…
MSMEDA provides EGP 4.1bn to support 128,000 small, micro-projects in 10 months
Funding creates 212,000 permanent, 278,000 daily job opportunities in various sectors
Private sector involvement in climate adaptation is crucial to meet global goals: Mohieldin
Mahmoud Mohieldin, UN Climate Change High Level Champion for Egypt and UN Special Envoy on Financing 2030 Sustainable Development Agenda emphasized the crucial role of the private sector in financing…
11 banks subscribe to NUCA’s EGP 15bn securitization bonds
The New Urban Communities Authority (NUCA) has issued securitization bonds worth EGP 15bn, which were fully subscribed by 11 local banks operating in the Egyptian market. The bonds are part…
