IMF completes Egypt’s 3rd review, approves $820m tranche disbursement – Dailynewsegypt
The International Monetary Fund has approved a fresh disbursement of $820m to Egypt after IMF’s Executive Board completed the third review under the $8bn loan programme. The decision, announced on Monday, follows a positive assessment of the country’s economic performance since
SCZone revenues soar to EGP 8.245bn in FY 2023/24 – Dailynewsegypt
The Suez Canal Economic Zone (SCZone) reported a significant increase in revenue for the fiscal year(FY) 2023/24, rising to EGP8.245bn, with 72% or EGP5.932bn coming from US dollar-denominated sources, according to a government statement on Monday. Prime Minister Mostafa Madbouly
Egypt to tighten regulations on private mental health facilities – Dailynewsegypt
Egypt’s Deputy Prime Minister and Minister of Health and Population, Khaled Abdel Ghaffar, has ordered the formation of a committee to regulate the licensing of private mental health facilities. The move comes as the government seeks to improve access to
The Grid Can Handle More Renewable Energy, But It Needs Some Help – CleanTechnica
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New Testbed Could Advance Novel Grid Technologies To Build a Resilient Renewable Energy-Based Power System
The grid needs to change.
Beltone Mortgage Debuts with 22.25% Market Share, Leading in Fast and Easy Home Financing – Dailynewsegypt
Beltone Holding, one of the fastest-growing financial institutions, has significantly expanded its footprint in the mortgage sector with its wholly-owned subsidiary, “Beltone Mortgage.” The subsidiary has swiftly captured a 22.25% market share in the first half of 2024, providing efficient
I tested the world’s most affordable electric golf cart: The Kandi Mini
The Kandi Mini is unlike any other golf cart in the world in two key ways. First, it’s less than half the price of your average golf cart.
Cairo’s real estate market poised for growth amid currency stabilisation: JLL report – Dailynewsegypt
Around 1,300 keys are expected to be added to hospitality sector this year, dominated by 5-star properties
SODIC records 87% YoY growth in net profit, 35% increase in revenues, and 34% rise in gross sales – Dailynewsegypt
Company's hospitality portfolio expands after adding three more hotels
Webasto boosts energy capacity of its battery system for commercial EVs – Charged EVs
As part of a product update, German automotive supplier Webasto has increased the energy capacity of its traction batteries from 35 to 40 kWh. The new Standard Battery Pro
Egypt’s Petroleum Minister, Indorama Ventures discuss fertiliser plant progress – Dailynewsegypt
Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, met with Amit Lohia, Deputy Chairperson of Indorama Ventures, on Sunday to review the progress of a new high-quality phosphate fertiliser plant in Ain Sokhna. The plant is a joint venture