Day: December 1, 2024

NTG Developments has announced the launch of its newest real estate project, The Node, located in New Cairo, with investments surpassing EGP 5bn. During a press conference, NTG also revealed the signing of strategic partnerships with several prominent collaborators. These partnerships include agreements with Ahmed Moharram, Chairperson of the ACE…

Seraj Developments plans to expand in New Cairo by acquiring prime land for residential projects, building a strong track record to support future growth into gated communities. Chairperson Mohamed Omara highlighted the company’s entry into real estate in 2016, with projects in North Rehab, south of Suez Road, and Beit…

The Korea International Cooperation Agency (KOICA), the official development assistance agency of the Republic of Korea, and the Egyptian National Training Academy (NTA) jointly organized a Knowledge Sharing Seminar to celebrate the conclusion of a three-year capacity-building programme in Korea. Titled “Capacity Development Programme for Civil Servants at the National…

Generative artificial intelligence (AI) is reshaping the human resources (HR) profession, offering opportunities to enhance efficiency and infuse processes with a more human touch. According to a new study by Bain & Company, generative AI can help companies save an average of 15-20% in HR labour time through automation and…

The Central Bank of Egypt (CBE) will conduct a $900m local treasury bill auction tomorrow, Monday. These US dollar-denominated T-bills will mature on 2 December 2025. The proceeds from this auction will be used to settle a previous auction held on December 5, 2023, through which the CBE raised $990m.…

Egyptian Prime Minister Mostafa Madbouly convened a meeting on Sunday at the government headquarters in the New Administrative Capital to discuss a proposal by an Egyptian-French consortium for managing and operating airports. The consortium, comprising Hassan Allam Holding and Groupe ADP (Aéroports de Paris), aims to collaborate with the government…

Egypt and Mali have pledged to strengthen their bilateral relations, focusing on cooperation in security, development, and trade, following a meeting Sunday between their foreign ministers in Cairo. Egyptian Foreign Minister Badr Abdelatty hosted his Malian counterpart, Abdoulaye Diop, for talks that included delegations from both countries. Abdelatty praised the…