Day: March 5, 2024

Amidst planned power cuts, it becomes necessary to seek products that will help us navigate through this while staying connected and safe. Protecting your devices and having a backup plan can make all the difference when the power goes out.   The curve of innovation to help deal with power…

L’Oréal Egypt, marked another milestone in its ongoing commitment towards empowering women’s journey by celebrating three exceptional Egyptian young female researchers in the leading program “L’Oreal UNESCO for Women in Science Egypt Young Talents” in its 6th edition. The new awarded researchers are recognized for their scientific research application. This…

Lancôme has launched a first-of-its-kind luxury experience called Idole House in Egypt, located at Garden 8. The opening event was a great success, featuring a DJ and singer, Yara Tarek, as well as expert makeup artist Sherihan Ashraf. Every Friday, there will be a fun activity for visitors to enjoy.…

Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia celebrated the success of Egyptian start-ups, SIGMA-Fit for sportswear and Kiliim for sustainable handicrafts, after winning the regional Majid Al Futtaim’s Launchpad Accelerator Programme.  The event took place at Mall of…

Egyptian cabinet spokesperson Mohamed al-Hommosany announced that the government has a plan to increase US dollar proceeds by raising investments in the field of industry, and providing incentives to attract foreign direct investments there. During a telephone interview with the Extra News satellite channel on Monday, Hommosany said that the…

The Engineering Export Council of Egypt announced that the exports of engineering industries increased by 25.4% in January 2024, reaching $348m, compared to $277.7m in January 2023. The council stated that the most prominent sectors that saw an increase in exports in January 2024 compared to January 2023 were cables,…

Telecom Egypt saw its net profits rise by 25% in 2023 compared to 2022. The company announced its business results for the year 2023, which ended on 31 December, showing a net profit of about EGP 11.5bn. The consolidated revenue grew by 28% year-on-year, reaching EGP 56.7bn, driven by data…

Abu Dhabi Commercial Bank Egypt (ADCB) and Tamweely Microfinance have signed a facility contract worth EGP 100m to support small and medium enterprises (SMEs) in various sectors. The contract marks the start of a strategic partnership between ADCB and Tamweely. Ihab ElSewerky, CEO of ADCB Egypt, said that supporting SMEs…

The Swiss Chamber of Commerce in Egypt (SwissCham) held a panel discussion with various industry leaders to explore the trade and investment relations between the European Union (EU) and Egypt. The panel aimed to provide valuable insights into the current situation and prospects of bilateral cooperation. The panel featured Nicolaos…

Mario Ruscev, Executive Vice President and CTO of TAQA, told Daily News Egypt that the company intends to increase its investments in Egypt by four times in the next two years. He said that the company’s current strategy is to double its business and services in Egypt and prepare for…