Day: March 22, 2024

Saint-Gobain breaks ground on its third glass factory in Egypt’s Sokhna zone, investing €175 million on a 200,000 sqm facility in the presence of Waleid Gamal al-Dien, Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE), Eric Chevallier, French Ambassador to Cairo, and Hadi Nassif, CEO of…

The International Finance Corporation (IFC), a member of the World Bank Group, has ramped up investments in Egypt with a focus on improving the country’s infrastructure, supporting manufacturing companies, and improving access to finance for small and medium enterprises (SMEs), fintech, and climate projects. Daily News Egypt interviewed Cheick Oumar…

Valu, a leading force in the MENA region’s financial technology sector, has proudly partnered with Visa, a global leader in digital payments, to introduce the innovative Valu prepaid card. This initiative is set to transform the landscape of payment convenience throughout Egypt. The new Valu prepaid card distinguishes itself through…

EFG Holding, a premier financial institution with a universal bank in Egypt and a leading position in the investment banking sector across the Middle East and North Africa (MENA), disclosed its annual results for the year concluded in 2023. The Group reported unprecedented revenues of EGP 14.7bn, marking a 34%…

Admaius Capital Partners, a private equity investor with a focus on Africa’s growth markets, has today announced a strategic partnership with Parkville Holding Company B.V., a prominent healthcare and wellness firm in Egypt known for its operation in various high-growth sectors. This collaboration will empower Parkville to broaden its regional…

Nahdet Misr Publishing has entered into a collaboration with the “Akhdar” application, a leading educational platform known for its audiobook summaries, to create interactive digital educational content for Nahdet Misr’s e-learning platform, Adwaa’. The goal of this partnership is to offer a dynamic and engaging learning experience that enhances students’…

A new global study by Kaspersky Lab, a leading cybersecurity firm, reveals a growing disconnect between cybersecurity education and the needs of the industry. The research comes as the world faces an acute shortage of cybersecurity professionals. The study found that nearly half (47a%) of cybersecurity professionals surveyed felt their…

The Egyptian government announced on Thursday an increase in fuel prices by between 9-22%, citing rising global oil prices and the recent liberalization of the Egyptian pound’s exchange rate. The decision, implemented by the Egyptian Petroleum Pricing Committee, reflects adjustments across various fuel types. The price of 80-octane petrol will…