Month: October 2024

The Export Council for Medical Industries has appointed Dr. Mohamed Salah, CEO of ECC Cosmetics, as Undersecretary of the Council’s Cosmetics Division. This appointment is intended to leverage Dr. Salah’s extensive industry experience to support local Egyptian brands in reaching global markets, reflecting his commitment to advancing innovation and growth…

The Conversation —Economics and economic policy need a rethink. This is clear from the scale of inequality, joblessness, insecurity and environmental disasters we see in the world. People feel left behind, impoverished and unvoiced. They are looking to ethno-nationalist strongmen to help them. Right-wing movements and governments are on the…

Egypt’s Minister of Water Resources and Irrigation, Hani Sweilem, met Mariam Khalifa Al Kaabi, UAE Ambassador to Cairo, to discuss ways to enhance cooperation in water resources development, on Tuesday.   During the meeting, Sweilem stressed the importance of concerted efforts in the Arab region, which is one of the…

Sixth of October Development and Investment Company (SODIC) has released its consolidated financial results for the first nine months of 2024.   SODIC reported robust financials with gross contracted sales reaching EGP 39.8bn, marking a 101% year-over-year increase and a low cancellation rate of 1.2%. Net cash collections amounted to…

Think Big for Shipping and Logistics plans an ambitious expansion into the Middle East and Arab Gulf regions, building on its previous successes in the United States, Germany, South Africa, and Senegal. Mohamed Kamal, Chairperson of Think Big, stated that the upcoming expansion plans are grounded in the company’s achievements…

Manal Awad, Egypt’s Minister of Local Development, welcomed Alessandro Fracassetti, the UNDP Resident Representative in Egypt, at the ministry’s headquarters in the New Administrative Capital. The meeting focused on updates regarding cooperative initiatives between the Ministry of Local Development and UNDP, particularly the EU-funded Technical Support Project for Decentralization and…

Hassan El-Khatib, Minister of Investment and Foreign Trade, met on Tuesday with Karim Yassin, Executive Vice President and General Manager of Procter & Gamble—Egypt. Both parties reviewed the company’s current projects and investment plans in the Egyptian market and discussed possibly increasing its exports to foreign markets during the next…