Day: December 14, 2023

Talaat Moustafa Group (TMG), a leading real estate developer in Egypt and the Middle East, has announced a partnership with Faisal Al-Rasheed Group, a prominent retail company. This collaboration will see the opening of two new branches of the renowned “Al-Nasser” brand, one in Madinaty and another in Al-Rehab. The…

EFG Holding Group’s Vortex Energy has opened subscriptions for the second funding round of its Vortex 4 fund, aiming to raise $300m. The round is anticipated to close before year-end, as per a knowledgeable source. The source indicated that the fund’s total size is expected to surpass $500m post-second closing,…

2023 was an eventful year for many Egyptians. With its ups and downs, it is finally coming to an end. Before saying goodbye to the year, Google released data about the top trending searches in Egypt in 2023. Between news, TV shows, and prominent figures, the trending searches reflect what…

In a collaborative endeavor, Egypt Education Platform (EEP) and Right to Dream Academy officially signed a cooperation protocol on 13th of December at a signing ceremony held in Badya, West Cairo. Attended by Ahmed Wahby, CEO of Egypt Education Platform, and Mohamed Wasfy, CEO of Right to Dream Egypt, the…

CBE’s patronage is pivotal in empowering our graduates to stay at forefront of knowledge-based economy: Mahmoud Abdrabou In line with the Central Bank of Egypt’s (CBE) proactive commitment to development, sustainable corporate social responsibility, and societal betterment, the CBE continues its productive partnership with Zewail City of Science, Technology, and…

First Abu Dhabi Bank Misr (FABMISR), a leading financial institution in Egypt, has announced the opening of its latest Islamic branch in the Fifth Settlement, New Cairo.  This initiative reflects the bank’s dedication to delivering a distinctive and complete banking experience that combines FAB Group’s global expertise with the tenets…

Kaspersky’s experts have unveiled the significant impact of AI on the cybersecurity landscape of 2023 in their latest report. The analysis adopts a comprehensive approach, delving into the implications of AI for defenders and regulators, while also evaluating its potential misuse by cyber criminals. This detailed study is part of…

The United Nations Climate Change Conference (COP28), which concluded Wednesday, has been hailed as a significant step towards a global transition away from fossil fuels and towards a more sustainable future. While a complete shift away from fossil fuels was not achieved, the conference produced a landmark agreement that sets…

Beltone Financial Holding has disclosed that its subsidiary, Beltone Mortgage Finance, has finalized the process of doubling its issued capital from EGP 500m to EGP 1bn. Additionally, Beltone Mortgage Finance has raised its paid-up capital from EGP 150m to EGP 500m. The capital increase aims to support the company’s aggressive…

Shaimaa Tawfik, head of export sector and business development at Beyti Food Industries, projects a 77% increase in the company’s exports to $35m this year, up from $23m in 2022. By the close of 2024, she anticipates exports will reach approximately $55m, aligning with Beyti’s comprehensive business expansion strategy. Tawfik…