Climate change aggravates water stress in MENA region
Five of the six most water-stressed countries are located in the Middle East and North Africa
Cashcall to boost financial inclusion with AI Competency Centre
Cashcall, a leading data-driven fintech company in Egypt, has announced its plans to integrate Generative Artificial Intelligence (AI) into its services and to establish an AI Competency Centre in Cairo.…
NTRA fines mobile companies EGP 52m in 1H 2023
The National Telecommunications Regulatory Authority (NTRA) fined mobile service providers EGP 52m in the first half of this year for violating mobile service quality standards, according to NTRA reports. The…
Orascom Construction to build Soul Luxury Beach Resort on North Coast for EGP 1.9bn
Orascom Construction, a leading engineering and construction company in Egypt, has signed a contract with Eagle Hills Properties, a UAE-based real estate developer, to build the first phase of Soul…
Palestinian Ministry welcomes reports that urge accountability for Israel’s crimes
The Palestinian Ministry of Foreign Affairs expressed its appreciation for the reports by various human rights and humanitarian organizations that document and denounce the daily violations and crimes committed by…
GlobalCorp raises EGP 2.54bn from its fourth securitization bond
GlobalCorp, a leading non-banking financial institution (NBFI) in Egypt, has successfully issued its fourth securitized bond worth EGP 2.54bn, with the approval of the Financial Regulatory Authority (FRA). The bond…
Egypt seeks to attract more South Korean investments, says Finance Minister
Egypt is eager to expand the scope of foreign investments in the country, especially from South Korea, which is a strategic partner and a successful model for development-oriented investment, said…
Egypt aims to launch first centre for recycling construction, demolition waste
Egypt’s Minister of the Environment Yasmine Fouad met with representatives of the Waterway Real Estate Development Company and some researchers from a German research centre to discuss the establishment of…
Abu Dhabi Holding to invest $800m in three Egyptian companies with government guarantee
Abu Dhabi Development Holding, a state-owned investment company in the UAE, has agreed to invest $800m to buy stakes in three Egyptian government companies, with a guaranteed return of 8%…
Egypt hires HSBC to negotiate with German lenders for Siemens station sale
Egypt’s Electricity Holding Company (EEHC) has authorized the Sovereign Fund of Egypt (TSFE) to appoint HSBC Bank as a consultant to negotiate with German lenders for the sale of the…