Day: November 20, 2024

As part of its mission to drive positive change, TikTok LIVE MENA has joined forces with ShareTheMeal, the official fundraising platform of the UN World Food Programme (WFP). TikTok LIVE MENA’s campaign, “Meals of Hope”, which took place on TikTok LIVE on November 3rd, encouraged viewers to learn more about…

Abu Dhabi Tourism Investment Company, owned by Abu Dhabi Development Fund, has signed an agreement with French hospitality group Accor for the management and operation of the Sofitel Legend Pyramids Hotel in Giza. Yahia Kotub, CEO of Abu Dhabi Tourism Investment Company, announced that the company has allocated approximately $100m…

Modon Holding has announced a strategic partnership with Hassan Allam Holding, to explore collaboration across large-scale construction projects in Egypt. The memorandum of understanding aims to enhance cooperation in the construction sector, including infrastructure, energy, and water and wastewater treatment. Commenting on this collaboration, Jassem Mohamed Bu Ataba Al Zaabi,…

Trade exchange between Egypt and the African Union countries reached $9.2bn in 2023, up from $8.7bn in 2022. This marks an increase of $500m and a growth rate of 5.7%, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). The announcement came on Tuesday, coinciding with African Statistics…

Egypt’s engineering exports surged by 25.6% to $3.9bn in the first nine months of 2024, compared to $3.1bn during the same period in 2023. The monthly report from the Engineering Export Council of Egypt revealed a 15% increase in exports for September 2024 compared to the same month in 2023,…

Egyptian Minister of Petroleum and Mineral Resources, Karim Badawi, provided an update on the country’s energy sector during a Tuesday address to members of the American Chamber of Commerce in Cairo.   Badawi highlighted significant progress in narrowing the gap between the selling price and production costs of petroleum products.…

Rasha Abdel Aal, Chairperson of the Egyptian Tax Authority (ETA), emphasized the Minister of Finance’s commitment to fostering community dialogue between the Authority and taxpayers. She noted that effective communication with civil society and the tax community bolsters transparency for successful tax administration.   During a seminar organized by the…

Twelve multilateral development banks issued a joint statement at COP29 in Azerbaijan praising Egypt’s Nexus of Water, Food, and Energy (NWFE) program as a model for mobilising climate finance. The statement, titled “Country Platforms for Climate Action: MDB Statement of Common Understanding & Way Forward,” highlighted the NWFE program’s success…