AU troops start to withdraw from Somalia
The African Union Transition Mission in Somalia (ATMIS) said Tuesday it has started the withdrawal of 2,000 troops from the East African country. The ATMIS said the Somali security…
Paymob, Chefaa lead digital transformation of pharmaceutical retail payments in Egypt
Paymob, the leading financial services enabler in the Middle East, North Africa, and Pakistan (MENAP), and Chefaa, Egypt’s GPS-enabled digital pharmacy marketplace, have announced their partnership to power the digital…
Egypt’s engineering industries exports surge 20% in May: EEC
The Engineering Export Council of Egypt (EEC) has announced that the sector’s exports increased by 20% to $360m in May 2023, compared to $299.7m in May 2022. The EEC's monthly…
NBE cooperates with GIZ to raise efficiency of SMEs in industrial sector
The National Bank of Egypt (NBE) has announced the signing of a cooperation protocol with the German Agency for International Cooperation (GIZ), with the aim of providing non-financial services to…
TSFE aims to maximize state assets: El-Ebiary
7 companies join TSFE’s pre-IPO sub-fund, mergers possible in certain sectors to create new entities
Egypt launches initiative for conserving coral reefs in Red Sea
Egypt’s Minister of Environment Yasmine Fouad has affirmed that Egypt's Red Sea initiative on coral reefs comes as one of the fruits of the ministry’s efforts to create a supportive…
Egyptian-Italian consortium to establish 1st public free zone in Damietta under industrial developer system
Region includes 220 industrial plots of land on area of 183 feddan
We need innovative African financing tools that focus on developing infrastructure: Finance Minister
African financial structure required, more capable of dealing with external shocks through flexible mechanisms
Supporting Egypt’s currency is like putting water in bucket that has holes: IMF Chief
I have high respect for President Al-Sisi and I trust that by working together, he can make right decisions for country, says Georgieva
Egypt raises private sector minimum monthly wage to EGP 3000
The National Wages Council (NWC) has approved increasing the minimum wage in the private sector from EGP 2,700 to EGP 3000 per month as of July 2023. The approval came…