Daikin expands presence in Egypt with new headquarters

Daikin, a global leader in high-quality air conditioning, heating, ventilation, and refrigeration (HVAC-R) solutions for residential, commercial, and industrial applications, has officially inaugurated its new headquarters in New Cairo City, Egypt. Strategically located in Marakez District 5, the upgraded facility enhances convenience and value for Daikin’s customers and partners, positioning…

Reefy Microfinance pumps EGP 4bn into Egypt’s economy in 2024

Reefy Microfinance Enterprise Services has injected EGP 4bn in financing during 2024, pushing the company’s total funding since its establishment in 2007 beyond EGP 20bn. Notably, the past year alone accounted for 20% of the total financing provided throughout the company’s history, marking a significant milestone in its expansion journey.…

Finance Ministry to issue EGP 730bn in T-bills, bonds in March

The Ministry of Finance has unveiled its plan to issue 32 treasury bill (T-bill) and bond auctions in March, totaling EGP 730bn. This includes 16 treasury bill auctions worth EGP 640bn and 16 bond auctions amounting to EGP 90bn. The move is part of the government’s strategy to refinance existing…

Egypt’s Deputy PM calls for expansion of road, transport projects abroad

Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, chaired the General Assembly meeting of the Holding Company for Road, Bridge, and Land Transport Projects, where the financial statements for the fiscal year 2023/2024 were reviewed and approved. The company reported total revenues of approximately…

Egypt, Italy strengthen transport cooperation with strategic talks

Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel El-Wazir, held a virtual meeting with Italy’s Deputy Prime Minister and Minister of Transport and Infrastructure, Matteo Salvini, to discuss expanding cooperation across various transport sectors. The meeting was also attended by Italy’s Ambassador to Cairo,…

Winners of 9th Xposure International Photography Awards Announced from Among 10,000 Entries from 162 Nations

The 9th edition of the Xposure International Photography Awards has culminated in a spectacularcelebration of creativity, honouring photographers from 162 countries who submitted over 10,000entries across 9 competitive categories, with Pyaephyo Thetpaing named the overall winner forhis captivating image, “The Fishing Boys”. Organised by the Sharjah Government Media Bureau (SGMB),…

India, Egypt celebrate 60 years of technical cooperation on ITEC Day

The Embassy of India in Cairo hosted ITEC Day to mark the 60th anniversary of the Indian Technical and Economic Cooperation (ITEC) programme. The event, held on Sunday, brought together Egyptian officials, alumni, and partners to celebrate the programme’s achievements in capacity-building and technical assistance. A flagship initiative of the…

Egypt, Japan celebrate 70 years of development cooperation

The Japan International Cooperation Agency (JICA), in collaboration with the Embassy of Japan in Egypt, hosted a ceremony at the Egyptian Opera House on 22 February to commemorate 70 years of Egypt-Japan development cooperation. The event was attended by prominent dignitaries, including Japan’s Ambassador to Egypt, IWAI Fumio, Egypt’s Minister…
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