Egypt, Italy strengthen transport cooperation with strategic talks
Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel El-Wazir, held a virtual meeting with Italy’s Deputy Prime Minister and Minister of Transport and Infrastructure, Matteo Salvini, to discuss expanding cooperation across various transport sectors.
“El-Leila El-Kebira Everywhere” project aims to promote Egyptian heritage
Egypt’s Ministry of Culture is launching “El-Leila El-Kebira Everywhere,” a project designed to protect and promote Egyptian heritage, coinciding with the start of Ramadan. The initiative aims to bring the cultural significance of El-Leila El-Kebira to diverse audiences in schools,
Egypt’s Deputy PM calls for expansion of road, transport projects abroad
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, chaired the General Assembly meeting of the Holding Company for Road, Bridge, and Land Transport Projects, where the financial statements for the fiscal year 2023/2024 were
Reefy Microfinance pumps EGP 4bn into Egypt’s economy in 2024
Reefy Microfinance Enterprise Services has injected EGP 4bn in financing during 2024, pushing the company’s total funding since its establishment in 2007 beyond EGP 20bn. Notably, the past year alone accounted for 20% of the total financing provided throughout the
Daikin expands presence in Egypt with new headquarters
Daikin, a global leader in high-quality air conditioning, heating, ventilation, and refrigeration (HVAC-R) solutions for residential, commercial, and industrial applications, has officially inaugurated its new headquarters in New Cairo City, Egypt. Strategically located in Marakez District 5, the upgraded facility
Egypt’s digital health strategy: Pillar for health justice, sustainable development
Khaled Abdel Ghaffar, Deputy Prime Minister and Minister of Health and Population, emphasized the critical role of digital health strategy in achieving health justice and ensuring timely access to healthcare for vulnerable groups. He highlighted that digital transformation in healthcare
CIB, Kenya Bankers Association launch 3rd Credit Analysis Programme for university graduates
Commercial International Bank – Egypt (CIB) and Kenya Bankers Association (KBA) have announced the launch of the third edition of the Credit Analysis Programme in East Africa. This initiative is designed to equip university graduates with essential credit assessment and
Private banks in Egypt achieve record profits in 2024
Private banks operating in the Egyptian market recorded unprecedented profits in 2024, driven by substantial growth in interest income and operating revenues. Commercial International Bank Commercial International Bank (CIB) led the sector with net profits reaching EGP 55.427bn by December
Egypt unveils EGP 200bn social safety net ahead of Ramadan
The Egyptian government has launched a social support package valued at EGP 200bn to assist citizens facing rising prices. Prime Minister Mostafa Madbouly announced the measures on Wednesday, stating that the package will be implemented during Ramadan and the upcoming
Egypt closes bidding on 13 oil, gas exploration areas, attracting $700m in investments
As part of its ongoing efforts to attract and expand investments in exploration, production, and development, the Ministry of Petroleum and Mineral Resources closed bidding for 13 exploration and production areas, with offers totaling more than $700m in expected investments.