Day: March 3, 2024

Egyptian design firm C.Reality is celebrating their two-decade of innovation in Korba District this Design Week and it’s stunning. Exploring the visionary “Metropolis” has been a treat for us, from the unique desert-themes to a walk through their ‘secret city’ which is designed by Little Circus. The space also caters…

The US dollar exchange rate in the black market witnessed a new decline by about LE20 on Saturday, falling to LE43. It previously declined to LE63 a week ago, following the government’s announcement of attracting new investments and the completion of the Ras al-Hikma deal, which fed the budget with…

Egypt sealed agreements with seven global developers on 28 February for green hydrogen and renewable energy projects, expected to attract investments totalling USD 40 billion (EGP 1.2 trillion). The inked Memoranda of Understanding (MOUs), announced by the country’s cabinet through a Facebook statement, are expected to create significant strides towards…

This year, Xposure International Photography Festival, promises to be a feast for the senses, featuring not only captivating exhibitions by leading photographers, but also engaging book signing events and thought-provoking film screenings. The popular bookseller Kinokuniya has set up a dedicated space for book lovers at Xposure 2024, allowing visitors…

American photojournalist and former official White House photographer Pete Souza took visitors at the ongoing 8th edition of the Xposure International Photography Festival on an unforgettable journey through history during his talk Documenting for History. The session offered an in-depth look at Souza’s illustrious career and the impact of visual…

Against the backdrop of the recent and ongoing events, the Xposure International Photography Festival (Xposure 2024), happening from February 28 – March 5 in Expo Centre Sharjah, has highlighted war and the devastation caused by it as one of the central themes of the 8th edition. A grey epitaph with…

The Central Bank of Egypt (CBE) announced that the banking sector allocated nearly EGP 2bn to support social and developmental projects in 2023, as part of its corporate social responsibility (CSR) strategy. The projects aimed to achieve the Sustainable Development Goals and align with Egypt’s Vision 2030. The CBE said…

The International Health Tourism Conference kicked off on Saturday under the patronage of Prime Minister Mostafa Madbouly, with the slogan “The echo of the past is renewed today.” The two-day conference is taking place in the New Administrative Capital. The conference is headed by Mohamed Awad Taj El-Din, the Advisor…

The Central Bank of Egypt (CBE) has issued new rules for funding financial leasing companies. In a letter to banks, the CBE said that the total direct and indirect credit facilities and investments in the securitisation portfolios of financial leasing companies should not exceed 5% of the bank’s total loan…

Golden Coast for Hotels, Touristic Villages, and Entertainment Company, a subsidiary of Golden Pyramids Plaza, has hired Standard & Poor’s (S&P) to assess its creditworthiness for a planned green sukuk program worth EGP 7bn. The company intends to use the proceeds of the green sukuk to finance its Soma Bay…