IFC, Orascom Development partner to boost green tourism in Egypt
IFC announced on Sunday a partnership with Orascom Development Holding’s (ODH) largest subsidiary, Orascom Development Egypt (ODE), to support the leading Egypt-based tourism and real estate developer to improve energy and water efficiency and reduce greenhouse gas (GHG) emissions across
HPD Developments debuts in Egypt with EGP 8bn investment plan
HPD Developments has officially launched in partnership with Saudi Arabia’s Zamil Group. Leveraging over 20 years of experience, the company aims to redefine real estate with an ambitious vision, rooted in Zamil’s distinguished legacy in Saudi construction since 1920. Sherif
US Academy for Women Entrepreneurs Conference highlights commitment to Egypt’s economic prosperity
The US Embassy in Cairo hosted the Academy for Women Entrepreneurs (AWE) Conference 2024 at the AUC Tahrir Campus in Cairo. The event was inaugurated by US Ambassador Herro Mustafa Garg and American University in Cairo President Ahmed Dallal, bringing
Egypt hosts 2nd Global Dialogue on AI Governance
Amr Talaat, Egypt’s Minister of Communications and Information Technology, presided over the closing session of the second Global Dialogue on Artificial Intelligence (AI) Governance. Held in Egypt from 19 to 21 November, the event convened members of the African Union
Al-Sisi discusses regional updates, economic situation with WEF chief
Egyptian President Abdel Fattah Al-Sisi met with Borge Brende, President of the World Economic Forum (WEF), and his accompanying delegation on Saturday to discuss regional developments and economic issues. The meeting was attended by Prime Minister Mostafa Madbouly, Minister of
Deputy PM highlights cooperation, investments at Egyptian-Sudanese Business Forum
The first Egyptian-Sudanese Business Forum, held on Saturday, focused on strengthening economic cooperation between the two nations. Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, opened the forum by emphasizing the importance of expanding
NARSS, GIZ discuss research cooperation projects
Islam Abu El-Magd, head of the National Authority for Remote Sensing and Space Sciences (NARSS), hosted a scientific meeting with Stefan Schmid, director of the Agricultural Innovation Project at the German Agency for International Cooperation (GIZ), and Walid Ramadan, senior
Gold prices surge 6% in one week amid increasing demand for safe havens
Global gold prices experienced a significant surge last week, marking their best weekly performance in 20 months. The rise was driven by increased demand for safe-haven assets amid the ongoing escalation between Russia and Ukraine, despite the continued strength of
ADIB Egypt invests EGP 1bn in technological infrastructure, digital transformation
Abu Dhabi Islamic Bank Egypt (ADIB) has announced plans to invest approximately EGP 1bn in technology and digital transformation, alongside expenditures on cybersecurity enhancements. This announcement was made during the bank’s participation in the 28th Cairo ICT Exhibition, held from
Strong expectations for fifth consecutive EGP interest rate hold
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is expected to hold its penultimate meeting of the year on Thursday to decide on key interest rates, which are critical indicators of the Egyptian pound’s short-term trends.