Egypt releases first tranche of 7th phase of lump-sum export subsidy dues payment – Dailynewsegypt
Minister of Trade and Industry, Ahmed Samir, announced that the ministry, represented by the Export Development Fund, has disbursed the first tranche of the seventh phase of lump-sum export subsidy payment to 478 companies. The total amount released is EGP
Rowad Modern Engineering aims for 50% international business volume – Dailynewsegypt
Mohamed Mahlab, CEO of Rowad Modern Engineering, recently revealed the company’s expansion plan for Egypt and the Gulf markets. The plan involves new investments in infrastructure, industry, and general contracting sectors. Currently, 65% of the company’s business volume comes from
Mekky Developments unveils Gardenia Plaza Mall in New Cairo – Dailynewsegypt
Mekky Developments recently revealed its newest project: Gardenia Plaza Mall, located in New Cairo. Covering an area of 3,000 square meters, the mall represents an investment of over EGP 800m. Ahmed Mekky, Chairperson of Mekky Developments, expressed the company’s commitment
El Batal Developments to launch 5 new projects with EGP 10bn investments in 2024 – Dailynewsegypt
El Batal Developments has announced the launch of five new projects in 2024, spanning areas in the New Administrative Capital (NAC), Sheraton, and New Heliopolis. These projects are estimated to have a total investment of EGP 10bn, and their details
CBE aims to strengthen sustainable borrowing through blended finance mechanisms: Governor – Dailynewsegypt
Global financial architecture faces series of challenges, originally designed at time when neither climate risks nor inequalities were considered primary obstacles to development, says Abdalla
Egypt’s first debit card top-ups for securities trading introduced by EFG Hermes ONE, PayTabs Egypt, Banque Misr – Dailynewsegypt
EFG Hermes ONE, the online trading platform of EFG Hermes, in collaboration with Banque Misr and PayTabs Egypt, announced on Sunday the launch of Egypt’s first debit card top-up feature for securities trading. This innovative solution allows EFG Hermes
Al-Nas Hospital , Estadat Partner to Revolutionize Sports Investment and Healthcare Accessibility – Dailynewsegypt
In a momentous endeavor poised to reshape the intersection of sports investment and healthcare provision, Al-Nas Hospital and Estadat, the owner of City Club Group, have embarked on a transformative collaboration protocol. This landmark agreement, sealed amidst the grandeur of
KOTRA organises Egypt-Korea cooperation seminar on electronics industry – Dailynewsegypt
The Korea Trade-Investment Promotion Agency (KOTRA) is organizing a seminar and 1:1 business meeting with South Korean companies in the field of electronics industry between Egypt and South Korea. The seminar took place at the Four Seasons Hotel Cairo at
Ready-made garment exports record 23% increase in 4M 2024 – Dailynewsegypt
Marie Louis Bishara, President of the Readymade Garment Export Council, recently announced impressive growth in Egypt’s ready-made garment exports. From January to April 2024, the sector’s exports surged to $856m, a substantial increase compared to the $697m recorded during the
23.2% decrease in trade deficit in March 2024: CAPMAS – Dailynewsegypt
The Central Agency for Public Mobilization and Statistics (CAPMAS) has released its monthly bulletin on “Foreign Trade Data” for March 2024. The trade balance deficit reached $2.37bn during March 2024, compared to $3.09bn for the same month in the previous