Engineering exports surge 25.6% to $3.9bn in 9M 2024
Egypt’s engineering exports surged by 25.6% to $3.9bn in the first nine months of 2024, compared to $3.1bn during the same period in 2023. The monthly report from the Engineering Export Council of Egypt revealed a 15% increase in exports
Egypt-AU trade exchange rises 5.7% to $9.2bn in 2023
Trade exchange between Egypt and the African Union countries reached $9.2bn in 2023, up from $8.7bn in 2022. This marks an increase of $500m and a growth rate of 5.7%, according to the Central Agency for Public Mobilization and Statistics
Modon Holding, Hassan Allam explore collaboration in Ras El-Hekma projects
Modon Holding has announced a strategic partnership with Hassan Allam Holding, to explore collaboration across large-scale construction projects in Egypt. The memorandum of understanding aims to enhance cooperation in the construction sector, including infrastructure, energy, and water and wastewater treatment.
Abu Dhabi Tourism, Accor sign management deal for Sofitel Legend
Abu Dhabi Tourism Investment Company, owned by Abu Dhabi Development Fund, has signed an agreement with French hospitality group Accor for the management and operation of the Sofitel Legend Pyramids Hotel in Giza. Yahia Kotub, CEO of Abu Dhabi Tourism
Beltone Holding reports 405%, 1,218% surge in revenue, profit, respectively
Beltone Holding (BTFH.CA) announced its consolidated financial and operational results for the nine months ending 30 September 2024. Beltone’s growth strategy continued to yield impressive results with the Company’s consolidated operating revenue increasing 405% year-on-year to reach EGP 4.8bn. In
Hisham Talaat Moustafa proposes establishment of tourism development council
Hisham Talaat Moustafa, CEO of Talaat Mostafa Group (TMG), has proposed the formation of a national council for tourism development, whose decisions would be binding on all relevant authorities. He also suggested hiring an international consultant to develop a comprehensive
Egypt, IFC discuss collaboration to unlock mining, infrastructure potential
Egypt’s Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, met with International Finance Corporation (IFC) officials to explore opportunities for collaboration in the mining and infrastructure sectors. The Monday meeting, held in Cairo, aimed to leverage the IFC’s
Ajna Developments launches Eastville with EGP 5bn investment in New Cairo
Ajna Developments has announced the launch of its latest project, Eastville, located in New Cairo’s Fifth Settlement. Spanning 20 feddans with a total investment of EGP 5bn, the project represents a partnership with Ahmed Youssef Al Araby, CEO of Kelma
KOICA chief to visit Egypt to strengthen development cooperation
President of the Korea International Cooperation Agency (KOICA), Chang Won-Sam, is set to visit Egypt from 20 to 22 November 2024. Chang’s visit to Egypt aims to enhance bilateral cooperation and maximize the benefits of the Official Development Assistance (ODA)
Egypt’s automated tax systems fully secure against cyber threats: ETA
The Egyptian Tax Authority (ETA) said that its automated tax systems, including databases and information related to taxpayers and obligors, have not been subjected to cyber threats. It added that the privacy and security of its taxpayers’ information is crucial,