House Committee nears completion of Egyptian government program review – Dailynewsegypt
The House of Representatives’ Special Committee tasked with reviewing the government’s program has concluded several days of intensive meetings. Discussions between committee members and relevant ministers have been constructive and objective, reflecting a growing consensus between the legislature and the
EDECS secures turnkey project for new container terminal at Sokhna Port – Dailynewsegypt
Leading MENA construction firm EDECS has been awarded a contract to construct a new container terminal at Sokhna Port for Red Sea Containers Terminals, a partnership between Hutchison Ports, CMA Terminals, and COSCO Shipping Ports. The project aims to significantly
Egypt’s digital exports surge to $6.2bn in FY 2022/23: IDSC – Dailynewsegypt
Outsourcing services sector grew 54.2% in FY 2022/23, reaching $3.7bn
Kenyan delegation visits SCZone to learn from Egyptian expertise – Dailynewsegypt
Egypt’s Suez Canal Economic Zone Authority (SCZone) welcomed a delegation from Kenya’s Special Economic Zone Authority (SEZA) on a visit aimed at knowledge sharing and collaboration in developing frameworks for special economic zones. The visit, facilitated by the Japan International
Egyptian-Emirati partnership to develop $500 project overlooking Warraq Island – Dailynewsegypt
Project spans area of 20,000 sqm, includes 3 residential and commercial towers, and luxury hotel
ADIB-Egypt increases card usage limits, reduces foreign currency transaction fees – Dailynewsegypt
Bank raises online transaction limit to $1,500 for all foreign currency cards
ADEER forms strategic alliances with leading developers to enhance real estate landscape – Dailynewsegypt
ADEER International Egypt, a subsidiary of ADEER Holding Group and Sumou Holding, has announced three strategic partnerships with prominent Egyptian real estate developers: Hassan Allam Properties, Melee Development (a subsidiary of Al Ahly Sabbour), and Paragon Developments. These collaborations aim
MSMEDA seeks to find export opportunities in Arab, African markets – Dailynewsegypt
MSMEDA boosts trade relations through international exhibitions
CBE withdraws EGP 1.249trn in open market operations – Dailynewsegypt
The Central Bank of Egypt (CBE) withdrew EGP 1.249trn in open market operations from 30 banks on Tuesday. This follows last week’s withdrawal of EGP 1.082trn from 31 banks. The CBE recently adjusted the interest rate offered during its weekly
TMG sales soar to EGP 340bn fueled by SouthMed – Dailynewsegypt
Talaat Moustafa Group Holding (TMG) has achieved a significant milestone, securing a staggering EGP 340bn ($7.1bn) in sales as of July 8, 2024. This remarkable figure, a more than sevenfold increase compared to the same period last year, is largely