Day: November 9, 2023

African Development Bank (AfDB) President Akinwumi Adesina has called for increased investment in regional corridors to boost intra-regional trade and economic integration. Speaking on the second day of the 2023 Africa Investment Forum (AIF 2023) in Marrakech, Adesina said that the bank had already invested over $2.5bn in regional infrastructure,…

The World Art Forum for Development Foundation (WAFDF), led by Artist Randa Fouad, launched its 3rd annual exhibition today at Banque Misr Museum. Titled “Bank Nut for Sustainable Art,” the exhibition is a groundbreaking event in Egypt and the Middle East, as it exclusively features Recycled and Upcycled Art. This…

Abu Dhabi Tourism Investment Company (ADTIC) was established in Egypt in 1988 and specializes primarily in hotels in Sharm El-Sheikh, Hurghada, and the Pyramids area. ADTIC is the result of investment cooperation between the Arab Republic of Egypt and the United Arab Emirates. Currently, ADTIC is renovating two hotels in…

Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, has announced the signing of a Memorandum of Understanding (MoU) with Abu Dhabi Future Energy Company, also known as Masdar, and State Oil Company of Azerbaijan Republic (SOCAR) to develop…

Minister of Finance Mohamed Maait has said that Egypt is keen to support South Sudan in achieving its development goals, especially in the economic and financial fields. Maait’s remarks came during a meeting with Bak Barnaba Chol, Minister of Finance and Planning of South Sudan, and the accompanying delegation on…

Hala El-Said, the Minister of Planning and Economic Development, has met with the executive team of Standard Chartered Bank, which recently obtained a new licence to operate in Egypt. El-Said expressed the government’s support for the private sector, both domestic and foreign, and encouraged investment in various sectors, especially the…

eGate Egypt has obtained the first licence in Egypt to practice the activity of freight broker for land transport of cargo using information technology, after signing a cooperation agreement with the Egyptian Domestic and International Land Transport Regulatory Authority. The agreement was witnessed by Kamel El-Wazir, Minister of Transport, Essam…

Egypt University of Informatics (EUI) and the Transport Information Technology (Trans IT) of the Ministry of Transport have signed a cooperation protocol to enhance research and applied cooperation, train students and qualify them for the labor market, and employ the top performers from the faculties of engineering, computer and information…