Middle East, Africa spend $3bn on employee training: Hesham Mansour
Nearly $3bn was spent on employee training across the Middle East and Africa in 2024, according to Hesham Mansour, chairperson of the International Assessment and Development Summit. Mansour revealed the figure while emphasizingthat investment in human capital is a top
The Power of Face-to-Face Communication in Middle Eastern Business
For centuries, business leaders and traders have traveled far and wide and braved challenging conditions to conduct commerce in person. Today, however, virtual communication technologies make it possible to meet via a screen, eliminating excessive travel time and costs. Still,
Egyptian-Gulf alliance launches Mahawer Developments with EGP 7bn investment
An Egyptian-Gulf alliance of three leading real estate developers—SIAG Developments, El Alwy Urban Development, and Misk Development—has launched Mahawer Developments, a new company aimed at investing EGP 7bn in real estate projects across New Damietta and the Delta region. The
Egypt ready to support Saudi Arabia’s FIFA World Cup preparations: PM Madbouly
Egypt’s Prime Minister Mostafa Madbouly met on Monday with Saudi Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef at the government headquarters in the New Administrative Capital to discuss enhancing bilateral cooperation in the industrial and mining sectors. The
Egypt’s Petroleum Minister discuss energy cooperation with Qatari, Algerian counterparts
Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, has met with Qatar’s Minister of State for Energy Affairs, Saad bin Sherida Al Kaabi, and Algeria’s Minister of Energy and Mines, Mohamed Arkab to discuss increased cooperation and investment in
Egypt, Germany sign €77.3m debt swap, grant agreements to boost development
Egypt and Germany have strengthened their economic partnership with the signing of agreements worth a total of €77.3m, aimed at supporting development across multiple sectors. The agreements include a debt swap and grant funding for projects focused on technical education,
Iranian economy grows 4% in first half of fiscal year
The Iranian economy experienced a 4 per cent growth in the first half of the current Iranian fiscal year, spanning March 21 to September 22, 2024, according to a recent report by the Iranian Statistical Centre. When excluding the oil
SCZONE signs $38m deals for food, textile plants
The Suez Canal Economic Zone (SCZONE) has secured $38m in investments for two new projects in the Qantara West Industrial Zone. Waleid Gamal El-Din, Chairperson of the SCZONE, signed the contracts on Sunday at the authority’s headquarters in the New
Finance Minister unveils comprehensive tax, export initiatives to boost business confidence
Ahmed Kouchouk, Minister of Finance, announced significant reforms aimed at improving tax services, with the first package of tax facilities set to be fully implemented by the end of the current fiscal year. These measures, he emphasized, will foster a
8th phase of automated tax system for salaries begins: ETA chief
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), has announced that the 8th phase of the automated tax system for calculating wages and salaries tax for companies and individual establishments has been officially launched. This step is part