Day: January 23, 2024

Rebuilding, relocating, replacing, restabilizing — the refugee’s existence is a perpetual travel journey, lugging their hearts like overflowing suitcases. When stability no longer becomes a pre-fabricated reality, how can one cultivate stability, brick by brick, out of scratch? Egypt is currently home to 8-9 million refugees from 133 countries. But…

Egypt’s Supreme Holding is collaborating with an undisclosed British company in a joint venture, dubbed Continental Investments, to establish four animal feed factories in 10th Ramadan City within Sharqia governorate.  With a combined investment of USD 30 million (EGP 926 million), the joint venture aims to localize the production of…

: Schneider Electric and Crédit Agricole Egypt Foundation have jointly announced the inauguration of community development projects in the villages of Shubra Qubala and Mit El Qasri in Menoufia Governorate, as per the MoU signed between the two parties. The partnership between Schneider Electric and Crédit Agricole Egypt Foundation aims…

Egyptian Exchange (EGX) indexes posted collective gains at the close of Monday’s trading session, backed by purchases by Arab and foreign institutions and investment funds, against sales by local institutions and foreign investors. The market capital gained about LE 18 billion to register LE 1.979 trillion at closing, amid transactions…

Main Marks Developments announced the launch of its new project, MORAY, in New Cairo over 16.5 feddans, with investments exceeding EGP 12bn. The project has targeted sales of approximately EGP 34bn, in accordance with the company’s strategy to expand and diversify its investment portfolio. Main Marks Developments is a real…

Wadi Degla Developments, a prominent real estate developer in Egypt, has entered a strategic partnership with Subsbase backed by Banque Misr, one of its key investors. Subsbase, a platform for managing recurring revenue and subscriptions. The collaboration aims to integrate receivables transactions into Wadi Degla Developments’ systems and facilitate overseas…

Egypt’s Minister of Trade and Industry Ahmed Samir, held an extensive meeting with Korea International Cooperation Agency (KOICA) Country Director Jinyoung Kim, and her accompanying delegation. The meeting reviewed the agency’s project to implement a digital system for integrated and comprehensive risk management submitted by the General Organization for Import…

Arzaq, a microfinance company owned by Abu Dhabi Islamic Bank Egypt, has obtained a licence from the Financial Regulatory Authority to open its first 13 branches as part of its geographic expansion strategy. The company had received approval from the Central Shariah Supervisory Committee at the Financial Regulatory Authority last…

Minister of Local Development Hisham Amna has directed quick implementation of the targeted works and projects within the project to improve water quality in the Kitchener Drain, the solid waste component. The Ministry of Local Development signed a contract to design and construct two intermediate stations in Gharbiya and Dakahlia…

The 10th meeting of the EU-Egypt Association Council will be held in Brussels on 23 January 2024, coinciding with the 20th anniversary of the Association Agreement that came into force in 2004. The meeting will be chaired by High Representative Josep Borrell and Foreign Minister Sameh Shoukry will lead the…