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Egypt obligates hotel establishments to raise minimum internet speed
Egypt issued a decision obligating all hotel establishments to raise their minimum internet speed, Minister of Tourism and Antiquities Khaled El-Anany.
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International shipping costs expected to increase due to Russian-Ukrainian war
Amr Al-Samdouni — the Secretary of the International Transportation and Logistics Services Division at the Cairo Chamber of Commerce — expects that international shipping costs would spike in the…
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Egypt’s Housing Bank consolidated net profits exceed EGP 2bn in 2021
Egypt-based Housing and Development Bank (HD Bank) achieved consolidated net profits worth EGP 2.02 billion in 2021, compared to EGP 2.06 billion in 2020, including minority interest.
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Egypt’s GASC cancels second wheat tender as Russia-Ukraine crisis affect prices
Egypt’s state grains buyer GASC was forced once again to cancel its wheat tender on Monday on the back of sharply higher prices as supply worries mount in the wake of Russia’s invasion of Ukraine.
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CIB was ranked Higher in 2021 Carbon Disclosure Project (CDP) rating
CIB has been disclosing its environmental impact to the Carbon Disclosure Project since 2018
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Egypt is expected to sell stakes in its new capital within two years – official
Egypt plans to sell stake in the state company behind its new capital city, Administrative Capital for Urban Development (ACUD), on the country’s stock exchange within two years, the company’s head…
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Egypt’s Suez Canal revenues climb 15.1% y-o-y in February: official
Egypt’s revenues from the Suez Canal, excluding the navigation services, surged 15.1 percent year-on-year to $545.5 million in February, said the canal’s authority chairman Osama Rabie on Tuesday.
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MSMEDA partners with World Bank to launch USD 50 mn VC fund
The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has launched a venture capital fund with USD 50 mn from the World Bank, according to a press release.
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8,100 vehicles benefited from CBE initiative to replace old cars
The Central Bank of Egypt (CBE) said on Saturday that nearly 8,100 vehicles benefited from the initiative launched by the State to replace old vehicles with dual-fueled ones at a total of two billion…
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Al Morshedy Mall, Al Baraka Bank-Egypt sign EGP 700mn financing deal
Al Morshedy Mall has signed an EGP 700 million financing agreement with Al Baraka Bank-Egypt to establish a new commercial centre in the fifth settlement.
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