Fintech startup dopay secures $13.5m to expand digital payroll platform for emerging markets – Dailynewsegypt
dopay, a fast-growing financial technology (fintech) company, has secured $13.5m in an extension to its Series A funding round. The company provides a digital payroll and payments platform for unbanked and underbanked workers in emerging markets. This funding milestone
Egypt pushes forward with national plasma derivatives project – Dailynewsegypt
Egypt’s Prime Minister, Mostafa Madbouly, convened a meeting on Tuesday to review progress on the National Self-Sufficiency of Plasma Derivatives Project. The initiative aims to achieve domestic production of plasma-derived medicines, reduce reliance on foreign imports, and ultimately establish a
Urban Development Fund, MINT launch Fustat View project – Dailynewsegypt
Egypt’s Urban Development Fund, in partnership with MINT Real Estate Assets, has announced the opening of reservations for the Fustat View project, a visionary multi-phase development aimed at transforming Cairo’s historic Fustat area into a dynamic economic and cultural hub.
2.5% decrease in trade deficit in April 2024: CAPMAS – Dailynewsegypt
Exports increase by 0.8% to $3.29bn
Prime Minister urges family planning education in curricula for population balance – Dailynewsegypt
Egypt’s Prime Minister Mostafa Madbouly emphasized the need to incorporate family planning education into curricula, at a Ministerial Group for Human Development meeting. This step aims to achieve population balance and involves religious discourse, civil society organizations, and media messages
IMF holds steady on 3.2% global growth forecast, warns of inflation risks, trade tensions – Dailynewsegypt
The International Monetary Fund (IMF) maintained its 2024 global growth forecast at 3.2% in its World Economic Outlook update released Tuesday, despite downgrading projections for the United States and Japan. However, the Fund cautioned about persistent inflation risks and potential
EGP 10bn invested in AI and smart campuses in Egypt: Ashour – Dailynewsegypt
Egypt’s Ministry of Higher Education and Scientific Research is prioritizing digital transformation and integrating artificial intelligence (AI) into its system, according to Minister Ayman Ashour. The project has received EGP 10bn in funding and aligns with the national strategy for
Egypt expands Takaful and Karama cash transfer program to include 73,000 more families – Dailynewsegypt
Egypt’s Minister of Social Solidarity Maya Morsy announced on Monday the expansion of the “Takaful and Karama” cash transfer program to include an additional 73,000 families. This expansion brings the total number of beneficiaries to approximately 21 million citizens,
Egypt’s North Coast requires 60,000 hotel rooms to attract 10 million tourists: ETF – Dailynewsegypt
Hossam El Shaer, a tourism expert and member of the Board of the Egyptian Tourism Federation (ETF), highlights the potential of Egypt’s North Coast region. Known for its moderate climate and picturesque scenery, the area is well-suited to attract tourists.
Telecom Egypt introduces 5G technology in major cities – Dailynewsegypt
New partnership with Nokia to deliver data services using 5G technology