العربية

Day: February 17, 2025

Organi Group leads contracting consortium for $5bn projects in Egypt

Organi Group has launched a major contracting consortium in collaboration with its subsidiary, Abnaa Sinai for Construction and Building, alongside IGI Holding’s subsidiary, Income, and the China State Construction Engineering Corporation (CSCEC). The consortium aims to execute large-scale construction and infrastructure projects in Egypt and beyond, with a targeted business…

Saudi Scope invests EGP 200bn in Mokattam Corniche development

Saudi Arabia’s Scope Properties has launched its latest project, A40, in the heart of Mokattam Corniche. The modern commercial center spans 14,000 sqm and features a mix of retail units, administrative spaces, and medical offices. The development consists of a ground floor and four additional floors, with an underground parking…

Egypt, Argentina strengthen investment ties

Yasser Abbas, Deputy CEO of Egypt’s General Authority for Investment and Free Zones (GAFI), met with an Argentine delegation led by Holger Federico Martinsen, Argentina’s Ambassador to Egypt, and Sergio Pardo, CEO of the Argentine Investment and International Trade Agency (AAICI), to explore avenues for deeper investment collaboration between the…

FRA explores AI integration in insurance, investment funds: Farid

Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), has announced that a study is underway to facilitate the use of artificial intelligence (AI) algorithms in insurance and investment fund activities. These technologies will enable more efficient comparisons between investment fund documents and alternative investment options within these sectors. Speaking…

Urban inflation hits two-year low at 24% in January: CBE

Egypt’s annual urban headline inflation remained stable at 24% in January 2025, slightly down from 24.1% in December 2024, marking its lowest rate in two years, according to the Central Bank of Egypt (CBE). The slight decline was due to a mild slowdown in non-food inflation, which fell from 26.7%…

Egypt hosts AI Readiness Assessment Methodology consultation

The Egyptian Ministry of Communications and Information Technology, in collaboration with the United Nations Educational, Scientific and Cultural Organization (UNESCO), has launched a consultation on Egypt’s Readiness Assessment Methodology (RAM) for artificial intelligence (AI). This initiative evaluates Egypt’s preparedness for adopting AI sustainably and responsibly while supporting national policies and…