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
ABE loan portfolio reaches EGP 75.27bn in June 2024 – Dailynewsegypt
Bank funds 208 major companies with EGP 16.5bn to boost agricultural investment
Mideast workforce embrace upskilling to thrive in age of GenAI, climate change: PwC – Dailynewsegypt
Employees in the Middle East are actively embracing transformation and demonstrating greater alignment with their organizations’ long-term goals compared to their global counterparts. According to the latest PwC Middle East Workforce Hopes & Fears Survey 2024, an impressive 85% of
Egypt’s Benha Electronics, France’s Thales sign JV deal for military communications equipment – Dailynewsegypt
Egypt’s Minister of State for Military Production, Mohamed Salah El-Din, witnessed the signing of a cooperation agreement between Benha Electronics Industries (Factory 144) and French multinational Thales on Monday. The agreement, signed by Tarek Elabbasy, Chairperson of Benha Electronics,
Nawy Subsidiary ‘Nawy Now’ Secures Mortgage License from Egypt’s FRA – Dailynewsegypt
Nawy, a leading proptech company in Africa, announced that its subsidiary Nawy Now has obtained a mortgage license from the Financial Regulatory Authority (FRA) of Egypt. This milestone allows Nawy Now to offer mortgage solutions, addressing a significant hurdle for
Misr Italia Properties, REDCON Construction sign EGP 1.3bn agreement for Solaré Ras El Hekma project – Dailynewsegypt
Egyptian real estate developer Misr Italia Properties recently signed a EGP 1.3bn agreement with REDCON Construction for contracting and construction work on the Solaré Ras El Hekma project. Involving 386 feddans at kilometer 199 west of Alexandria, this initiative aligns