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,
Electricity Minister, IFC delegation discuss ways to strengthen cooperation
Minister of Electricity and Renewable Energy, Mahmoud Esmat, has received a delegation from the International Finance Corporation (IFC), a development arm of the World Bank, headed by Valerie Levkov, Director for Energy, Metals and Mining, and Sustainable Infrastructure Advisory at
Qualified entities for NBFC licences must have data protection systems: FRA
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), and Ibrahim Sarhan, Chairperson of e-finance, have participated in a panel discussion at the 28th Cairo International Exhibition for Communications and Information Technology (Cairo ICT). Farid said that the Authority
MSMEDA finalizes establishment of Khutwa Financing, with 40% stake
Basel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), announced that the final procedures are underway for establishing Khutwa Financing Company. MSMEDA will hold a 40% stake in the company, in partnership with major financial institutions
e& Egypt Joins Cairo ICT 2024 with Innovative Tech Solutions
e& Egypt, a leader in integrated telecommunications and information technology, is participating in the 28th edition of the Cairo ICT 2024 exhibition. The event runs from November 17 to 20, under the patronage of President Abdel Fattah El-Sisi and the