Month: December 2023

The term for the high-yield certificates of deposits from the National Bank of Egypt and Banque Misr offered this January will expire on January 2024 at an interest rate of 22.5 percent for a monthly exchange period and 25 percent at the end of the specified period of one year…

With the whole world focusing on the alerting signs of climate change, trying to figure out solutions to the catastrophic consequences of the cooking globe, the technology leading cooperation, Intel, couldn’t slip an eye on its responsibilities towards the greenery planet; leading a long, difficult, carved with obstacles road to…

Banks operating in Egypt on Sunday resumed collecting fees on opening accounts (current or savings), adhering to the minimum account balance, for new customers after the end of the “People of Determination” event, one of the Central Bank of Egypt’s activities within the financial inclusion initiative.   What are the…

IGI Developments, a leading real estate company in Egypt, announced a new urban project in the new Sphinx City. The project covers 540 feddan and was revealed by Managing Director Sherif Moustafa at the Nile Property Expo in Riyadh, Saudi Arabia. The company also showcased its portfolio of projects, including…

The current year has seen a remarkable surge in real estate prices in Egypt, especially in new cities. According to real estate developers, consultants, and marketers, prices have risen by more than 100%. They cite various factors for this increase, such as the depreciation of the local currency and the…

Mountain View has announced that it has sold more than EGP 32bn worth of units in the first phase of ALIVA, its latest project in Mostakbal City, within a few days of its launch. This is the company’s largest sales record for any phase of its projects. One of the…

Abu Dhabi Commercial Bank Egypt (ADCB) has announced the appointment of Ahmed Adel Mansour as the Head of Digital Transformation and Banking Services Development, as part of its new phase that coincides with the launch of its five-year strategy until 2028. The strategy aims to create a qualitative shift in…

Egytrans, a leading Egyptian logistics and transport provider, and Links Investment, a prominent Saudi-based investment firm, have agreed to establish a joint venture in the Kingdom of Saudi Arabia (KSA). The new limited liability company (LLC) will have a total capital of 10,000,000 SR, with both partners holding an equal…

The Ministry of International Cooperation has released its annual report “Platforms for Policy & Practice”, which showcases the details of its international partnerships and concessional development financing for various sectors of the state and the private sector from 2020 to 2023. The report aims to enhance the principles of transparency…

Egyptian Prime Minister Mostafa Madbouly held a meeting to review some proposals that would contribute to increasing trade exchange with African countries. At the beginning of the meeting, the Prime Minister referred to the ongoing directives of President Abdel Fattah Al-Sisi to the government, emphasizing the importance of working to…