Day: February 6, 2025

Global Tech Leaders Discuss the Future of AI and Its Role in Driving the Digital Economy.RiseUp AI Summit Features “Sparky,” Egypt’s First-Ever AI Event Host. Cairo, Egypt – February 6 2025: RiseUp AI Summit successfully concluded its first edition, attracting a large number of entrepreneurs, investors, industry experts, and innovators.…

On Wednesday 5 February, the Egyptian government signed two agreements with the Islamic Development Bank Group, securing USD 1.6 billion (EGP 80 billion) in funding dedicated to trade financing and the development of the private sector.  The agreements were formalized during a ceremony attended by prominent officials, including Kamel Al-Wazir,…

AI Summit concluded its first edition, drawing over 2,000 attendees, 50 exhibitors, and major global technology firms, including Google, Microsoft, and Orange. The event explored AI’s impact on various industries, reinforcing Egypt’s role as a regional hub for AI innovation. Held at Cairo Business Park in partnership with Misr Italia…

The European Bank for Reconstruction and Development (EBRD) has fully exited its remaining 8.8% stake in Ibnsina Pharma through the Egyptian Exchange (EGX). EBRD initially acquired a 20% stake in Ibnsina Pharma in 2015, supporting the company’s development by financing its warehouses, distribution centers, and overall supply chain. Since then,…

The Administrative Capital for Urban Development (ACUD) has formed a groundbreaking partnership with Live Nation Middle East and TicketsMarche to elevate the entertainment scene in Egypt’s New Administrative Capital (NAC). This collaboration aims to attract global talent and establish NAC as a regional entertainment powerhouse. The partnership will spotlight iconic…

The Central Bank of Egypt (CBE), co-chair of the Regional Consultative Group for the Middle East and North Africa (RCG MENA), hosted the Financial Stability Board’s (FSB) RCG MENA Meeting in Sharm El-Sheikh on January 29-30, 2025. The event was jointly chaired by CBE Governor Hassan Abdalla and Saudi Central…

Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, recently conducted an inspection tour across several factories in the industrial zones of 10th of Ramadan and Badr cities. The tour commenced with a visit to the Industria Sharq–Elsewedy Industrial Development in 10th of Ramadan City,…

Egypt’s Deputy Prime Minister and Minister of Health and Population, Khaled Abdel Ghaffar, met on Wednesday with Sania Nishtar, CEO of the Global Alliance for Vaccines and Immunization (GAVI), along with Richard Mihigo, Director of Programmatic and Strategic Engagement at the African Union. The meeting focused on expanding collaborative efforts…