Day: January 18, 2024

Arab Bank and Orascom Construction have signed a cooperation agreement to finance the fourth phase of the Grand Metro 402 project, worth EGP 4.2bn. The Grand Metro 402 project is a strategic and environmentally friendly project that aims to develop the transportation sector in Egypt and reduce traffic congestion and…

Aisha Jewels, a jewellery design company, plans to enter the Egyptian market in 2024 by launching its headquarters there, as the demand for jewellery designs in Egypt is growing. Aisha Abdul Malik, the co-founder of the company, told DNE at the Forbes Middle East Conference that her company already has…

iSchool, an online education platform, plans to enter the Saudi Arabian and UAE markets as part of its expansion plans for this year. Mohamed Gawish, the co-founder of the platform, told Daily News Egypt that the company is looking to enter new markets after completing a $4.5m funding round led…

The Moody’s credit rating agency anticipates that Egypt will face significant pressures in 2024 for both debt and financial liquidity. In its report on the Middle East and North Africa region, the agency added that it expects a further depreciation of the official exchange rate of the Egyptian pound, as…

Wilfredo Gonzalez, First Deputy Head of Cuba’s Ministry of Communications (Mincom), has arrived in India on a mission to boost bilateral cooperation in the technology sector. This multi-pronged visit aims to lay the groundwork for an extensive programme of collaboration. Topping the agenda is a meeting with India’s Minister of…

Brazilian President Luiz Inacio Lula da Silva recently endorsed two pivotal bills aimed at rejuvenating the film and audiovisual communications sector in Brazil. One of the endorsed bills, No. 3.696/23, extends the mandatory commercial screening period for Brazilian cinematic works on pay television, ensuring its continuity until 31 December 2038,…

India and Argentina have forged a landmark agreement, granting an Indian company exclusive rights to explore lithium across five blocks in the South American nation. The deal, signed under the watchful eye of India’s Ministry of Mines, paves the way for India to secure a potentially significant source of this…

The Cabinet’s Information and Decision Support Center (IDSC) has initiated the first comprehensive national dialogue sessions on the document that outlines the key strategic directions for the Egyptian economy in 2024/2030. Osama El-Gohary, Assistant to the Prime Minister and Head of the IDSC, said that the research project involved six…

Beltone Financial Holding, a fast-growing financial institution, has announced that its subsidiary Beltone Leasing and Factoring has signed a club deal agreement with Cairo Leasing Corporation and Easy Lease to fund Egyptians for Healthcare Services (EHCS) with a sale and leaseback deal worth EGP 600m. The deal aims to finance…

Nutanix, a leader in hybrid multi-cloud computing, has announced a significant step in expanding its collaborations and services for customers across Egypt, the Middle East, and North Africa. As a strategic move, Cairo has been selected as the host city for the Middle Eastern edition of the anticipated “NEXT On…