Day: January 28, 2024

In recent years, Cairo University Racing Team – Formula Student has emerged as a notable contributor to Egypt’s automotive landscape. Originating from a 2012 graduation project at Cairo University’s Faculty of Engineering, this team has transitioned into a pioneering force aiming to revolutionize the nation’s automotive sector by competing internationally…

In a world that thrives on exploration and wanderlust, the birth of The Nines marks a new era for savvy travelers. This innovative brand is set to redefine your travel experience with their cutting-edge luggage covers and cup holders. The Nines: Where Style Meets Functionality Imagine a world where your…

The Ministry of Social Solidarity, in cooperation with the Central Bank of Egypt (CBE) and several banks, launched the “Herafi” programme to support small makers of handmade and heritage products. The programme is part of the presidential initiative to support irregular workers. Minister of Social Solidarity Nevine El Kabbaj said…

The Housing and Development Bank (HDB) and the Ministry of State for Emigration and Egyptian Expatriates’ Affairs held a meeting to discuss potential cooperation on the ministry’s initiatives and programmes. The meeting was attended by Soha Gendi, Minister of State for Emigration and Egyptian Expatriates’ Affairs, and Gehan Hafez, General…

The Housing and Development Bank (HDB) inaugurated its “Les Roi” branch in New Cairo, joining its network of branches in all governorates. The opening ceremony was attended by Hassan Ghanem, CEO and Managing Director; Walid Matar, Assistant Managing Director for Retail Banking, Branches and Real Estate Finance; and other senior…

Five banks have provided EGP 27.8bn in financing to over 210,000 micro, small, and medium enterprises (MSMEs) under the National Project for Community, Human and Local Development, known as “Mashrou’ak”, since its launch until January 2024. This has created over 1.7 million job opportunities in all governorates. The banks involved…

The Secretary General of the Union of Arab Chambers, Khaled Hanafy, said that the Arab region produces about 200 million tonnes of waste annually, and this amount is expected to double by 2030. Hanafy said that the transition to a circular economy could save the Arab region $58bn by 2030…

Commercial International Bank (CIB) acted as the financial advisor, exclusive issuance manager, guarantor, and underwriter for the issuance of social sustainability securitization bonds worth EGP 3.806bn for Tasahil Finance, a subsidiary of MNT Halan. The bank said in a statement that the issuance was divided into six tranches with different…

A delegation from Vodafone Intelligent Solutions, led by its President and the Head of Technology for Vodafone Group worldwide, Scott Petty, met with the Minister of Communications and Information Technology of Egypt, Amr Talaat, to discuss the company’s expansion plans in Egypt. The meeting was also attended by the CEO…

Minister of Finance Mohamed Maait stated that the state is keen to support startups in various technological fields, such as finance, industry, and services. He made this statement during a meeting with representatives of “Cyberport,” the largest technology business hub in Hong Kong. The meeting was held on the sidelines…