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
International SOS urges businesses to address rising geopolitical risks and employee wellbeing – Dailynewsegypt
International SOS, a leading health and security services company, has called on organisations to address the growing challenge of geopolitical instability and its impact on employee mental health. Their Risk Outlook 2024 report highlights a concerning trend: a majority (65%)
Arab Africa Trade Bridges Programme concludes successful meetings in Tunis – Dailynewsegypt
The Arab Africa Trade Bridges (AATB) Programme held its 4th Board of Governors (BoG) Meetings alongside the Tunisia Africa Business Meeting (TABM) from July 2nd in Tunis, Tunisia. The event marked a significant step forward in fostering trade, economic cooperation,
US acknowledges Egypt’s efforts to eliminate human trafficking – Dailynewsegypt
The US Government recently released the 2024 Trafficking in Persons (TIP) report, in which it recognized Egypt’s increased efforts to eradicate this international problem. Among the efforts recognized were: more than doubling prosecution of alleged sex and labour traffickers, and
Egyptian remittances increase to $2.7bn in May 2024: CBE – Dailynewsegypt
The Central Bank of Egypt (CBE) has reported that remittances from Egyptians working abroad surged to $2.7bn in May 2024, marking a remarkable year-on-year growth rate of 73.8%. This substantial increase follows three consecutive months of growth and represents a