CIB provides EGP 1.5bn loan for YANMU East Logistics Park project
YANMU Logistics Park, a joint venture between HAU Logistics and Agility, has secured a financing agreement with the Commercial International Bank (CIB) for its YANMU East Logistics Park project. The…
Embassy of Pakistan in Cairo commemorates Defence and Martyrs’ Day
Pakistani Ambassador in Egypt Sajid Bilal hosted a reception to pay tribute to the martyrs on the occasion of Pakistan's Defence and Martyrs' Day. The ceremony began with the recitation…
Opinion| France loses its African “colonies” after coups
Two coups in less than a month in Niger and Gabon reflect the political changes that the world is witnessing in the transition towards multipolarity. Niger and Gabon are the…
Why do many Egyptians avoid posting photos with their partners on social media?
56% of users in Egypt do not post photos with spouses and partners
Banks provide EGP 4bn in indirect financing for Decent Life initiative in six months
The Central Bank of Egypt (CBE) reported that banks operating in the Egyptian market provided EGP 4bn in indirect financing for the Decent Life initiative during the second half of…
MCV, Volvo to produce electric buses in Egypt for export to Europe
Egyptian Trade and Industry Minister Ahmed Samir and Swedish Minister for International Development Cooperation and Foreign Trade Johan Forssell witnessed the signing of a joint manufacturing agreement between MCV, an…
BUE partners with AfricInvest to boost its expansion, transformation plan
The British University in Egypt (BUE), Egypt’s leading private British university, has announced a strategic partnership with AfricInvest, a pan-African private equity firm, to invest around $40m in the university’s…
Beltone Leasing becomes fully-fledged alternative finance provider
Company to offer new financing solutions for businesses
Eastern Company reports 90% increase in net profits for FY 2022/23
Eastern Company, the leading tobacco producer in Egypt, announced its consolidated financial results for the fiscal year ending in June 2023, showing remarkable growth in its net profits and revenues.…