In the wake of the decline in tourism, the Egyptian Ministry of Sports and several sports federations have begun to boost tourism by organising international championships in Egypt, especially in touristic areas such as El-Gouna, in cooperation with the Ministry of Tourism.
Vodafone Egypt launched a new mobile application for blind and visually impaired users called “E3rafli” (an Arabic word for “Find out for me") to help them recognize basic things and services through their mobile phones.
The Egyptian cabinet has agreed to purchase one million barrels of oil from Iraq monthly, according to a statement by the North African nation’s Oil Minister Tareq el-Molla on Tuesday.
Egyptian billionaire businessman and the Chairman of Orascom Telecom, Media and Technology, Naguib Sawiris, has launched a new bank that operates in several European countries.
Egyptian Minister of Communications and Information Technology Yasser ElKady has held talks with his Immigration and Egyptian Expatriate Affairs counterpart Nabila Makram, on the significance of using and integrating ICTs to serve Egypt's nationals abroad.
The African Export-Import Bank has successfully signed a JPY11 billion equivalent Samurai Syndicated Term Loan Facility comprising two tranches of JPY4 billion and USD70 million.
Telecom Egypt's board has chosen Ahmed El Beheiry as the state-owned landline monopoly's new chief executive officer, the company said in a statement on Tuesday.
The African Development Bank top Executive in charge of the African Natural Resources Center Amani Abou-Zeid was elected African Union Commissioner for Infrastructure and Energy at the latest AU Summit in the Ethiopian capital Addis Ababa.
Almosafer released its new flight-reservation feature for both their web and mobile app platforms. The service is valid for customers travelling to and from the Saudi Kingdom through more than 500 airlines globally
Increased Infrastructure, Labour-Intensive Manufacturing Key to Africa’s Industrial Competitiveness - Afreximbank President
"At this stage, it might be better to import fabrics and transform them into garments or to produce and assemble other labour-intensive light-manufacturing goods rather than processing raw materials in a way that may not enable Africa to compete globally”.
QNB ALAHLI and global payments technology company Visa are launching mVisa, a seamless and secure mobile solution for instant cashless payments, in Egypt. mVisa, which brings the benefits for easy and secure digital commerce to financial institutions
South Sudan has initiated moves to become a member of the African Export-Import Bank (Afreximbank), the Cairo-based continental multilateral financial institution established to promote and finance African trade.
SDX Energy, the North Africa focused oil and gas company, has announced the commencement of drilling operations on the SD-1X well at its South Disouq concession in the Nile Delta area of Egypt.
In its quest to manufacture its own mobile phones, Egypt has been constructing a mobile phone factory in Assiut Technological Park which is expected to be completed within the next few weeks.
Egypt is one of the fastest growing and most promising economy in Africa. Egypt's high growth rate in recent years was driven by high international tourist inflow, growth in trade & logistics and ICT market. Egypt GDP is growing at a moderate rate of 4.3% in 2015.
Infor, a leading provider of beautiful business applications specialized by industry and built for the cloud,has announced the acquisition of Accentia Middle East, an Infor partner serving the Middle East, North Africa, and India (IMEA) region.
Innoventures has just opened applications for the fourth cycle of its accelerator program ‘Startup Reactor’ in partnership with VC4A after a successful third cycle and its grand finale last December.
Middle East and North Africa’s leading online streaming service ICFLIX has formed a strategic partnership with Orange, one of the world's leading telecommunications operators, to bring original ICFLIX productions along with a vast collection of digital content that includes Jazwood (Arabic) blockbuster movies and TV series as well as Award-winning Hollywood titles and Bollywood classics to Orange Egypt mobile customers.
Etihad Airways and EgyptAir have signed a new codeshare partnership to be introduced in phases beginning March.
QNB Al-Ahli Bank has announced plans to roll out mVISA service in cooperation with the global payments technology company Visa becoming the first bank in Egypt to introduce the service.
[Egypt] Afreximbank and Arab Academy for Science, Technology and Maritime Transport discuss collaboration
A delegation from the Arab Academy for Science, Technology and Maritime Transport today in Cairo visited Dr. Benedict Oramah, President of the African Export-Import Bank, for discussions on potential collaboration between the academy and the continental trade finance institution.
The African Export-Import Bank (Afreximbank) is committed to providing financial and advisory support to assist Sao Tomé and Principe achieve its structural transformation which focuses on expanding and diversifying its blue economy.
By 2024, a 4,000 kilometers waterway will connect 10 African countries, stretching between Lake Victoria and the Mediterranean Sea. An Egypt-led project, the navigational shipping line is to be established along the Nile River for small and medium-size commercial vessels to boost bilateral trade.
The African Export-Import Bank (Afreximbank) and Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group have signed a memorandum of understanding (MOU) to promote joint corporate objectives
The Central Bank of Egypt (CBE) said on Tuesday it has paid the government’s financial obligation to Italian energy company Eni for the development of the giant Zohr gas field discovered off the Mediterranean coast in 2015.
[Egypt] National Postal Authority and Commercial International Bank sign MOU on regulation of financial services
The National Postal Authority (NPA) and the Commercial International Bank-Egypt (CIB), have signed a Memorandum of Understanding (MoU) for the regulation of financial services and the establishment of a financial inclusion base.
QNB Group has maintained its ranking of the most valuable banking brand in the Middle East and Africa region according to the annual survey carried out by Brand Finance and published by The Banker magazine
Head of Egypt's state oil company EGPC Tarek El-Hadidi said an Egyptian delegation will visit Iraq this month to finalise a crude oil import deal.