Day: March 4, 2024

Gadwa for Industrial Development (GDWA), a leading company in the cable and dairy products sectors, reported a 53% increase in its revenues in 2023, reaching EGP 12.24bn, up from EGP 8bn in 2022. Yasser Zaki, Managing Director of GDWA, attributed the remarkable performance to the company’s ability to overcome the…

Hassan Allam Holding, a leading construction and engineering group in Egypt, has inaugurated its new regional headquarters in Saudi Arabia, as part of its strategic plan to grow its presence across the Middle East and Africa. The launch marks a significant milestone in the Group’s international journey, which now covers…

  As part of Egypt’s national plan to attract foreign investments, the American-Emirati alliance comprising Global Ventures, Oxford Capital Group, and Al-Otaiba Investment Company has begun transforming the Tahrir complex into an international hotel named “Cairo House,” with an investment of approximately USD 200 million (EGP 6 billion). The Egyptian…

Space Tank, a company specializing in managing commercial centres and service facilities, has signed a contract with SKY AD. Developments, the real estate arm of the Emirati Diamond Group, to prepare and develop the commercial and service area within the BlueTree residential project in New Cairo. The BlueTree project, which…

IT ZAIN, a leading digital service provider, is proud to announce its first participation in the LEAP conference, the largest technology event in the Middle East. The third edition of the conference will take place from 4 to 7 March in Riyadh, Saudi Arabia, at the Riyadh International Exhibition and…

The Board of Directors of the national project for fattening cattle, chaired by Elsayed Elkosayer, the Minister of Agriculture and Land Reclamation, approved the allocation of EGP 307.35m for 426 beneficiaries, including small-scale breeders and young graduates, for a total of 6,833 heads of cattle. This comes within the framework…

Global demand for liquefied natural gas (LNG) is projected to increase by more than 50% by 2040, as industrial coal-to-gas switching accelerates in China and South Asian and Southeast Asian countries use more LNG to support their economic growth, according to Shell’s LNG Outlook 2024. Global trade in LNG reached…

JT Group has opened a new Japan Tobacco International (JTI) office in Cairo and held a series of important meetings with strategic stakeholders. Masamichi Terabatake, the President and CEO of JT Global, conducted a two-day visit to Egypt, accompanied by Akhil Bhardwaj, the JTI MENEAT President. They met with JTI…

Amr Talaat, the Minister of Communications and Information Technology, inaugurated the annual forum of the “QudwaTech” initiative for women’s empowerment, titled “The Future of Women’s Empowerment in the Age of Digital Transformation”. The forum was organised by the Ministry of Communications and Information Technology in March, coinciding with the local…

The Ministry of Finance aims to raise EGP 459.5bn in March by issuing 26 T-bills and bond tenders, comprising 16 T-bill tenders worth EGP 440bn and 10 bond tenders worth EGP 19.5bn. This is part of the government’s plan to borrow EGP 1.647trn from the domestic market in the third…