Ministers join forces to revitalise Egyptian cotton industry – Dailynewsegypt
Egypt’s government is aiming to revitalise its cotton industry by increasing value-added production and reducing reliance on raw material exports, officials said Tuesday. In a meeting at the Ministry of Public Enterprises, Ministers Mohamed Shimi and Alaa Farouk discussed strategies
Egypt to receive $820m IMF 3rd tranche within days – Dailynewsegypt
Egypt is set to receive a $820m loan tranche from the International Monetary Fund (IMF) in the coming days after the fund’s executive board approved the third review of the country’s economic reform programme. Finance Minister Ahmed Kouchouk hailed the
Talaat Moustafa Group’s sales in SouthMED, Banan register $8.1bn – Dailynewsegypt
Talaat Moustafa Group Holding (TMG) announced Tuesday that its sales have reached $8.1bn since the start of the year through July 29, driven by strong performance in both Egypt and Saudi Arabia.The sales were achieved in the company’s global project
Delhi-Cairo economic ties soar, over 50 Indian companies now invest in Egypt – Dailynewsegypt
India Reaffirms Commitment to Deepening Strategic Partnership with Egypt
Egypt unveils digital platform to boost industrial investment – Dailynewsegypt
Egypt is establishing a digital platform to streamline investment and accelerate industrial development, Deputy Prime Minister and Minister of Industry and Transport Kamel Al-Wazir announced Monday. The platform is part of a wider plan to revitalise the industrial sector, Al-Wazir
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
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
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