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30-10-2014 23:52:00 | by: Administrator | hits: 5731150 | Tags:

[Egypt] Siemens, Ministry of Industry partner to modernize manufacturing sector
25-09-2017 | 12:52:37
In line with Egypt’s focus to support local manufacturing capacity, the Ministry of Industry (MTI) and Siemens have signed a Memorandum of Understanding (MoU), to collaborate on the modernization of manufacturing.
Infinix seeks smartphone deal with Telecom Egypt
19-09-2017 | 10:37:00
Infinix is about to sign an agreement with Telecom Egypt to supply the company with smartphones. Infinix business development manager Ahmed Wagih said negotiations are at an advanced stage.
Asseco SEE announces deployment of its leasing software in Egypt
14-09-2017 | 09:45:24
Asseco SEE, part of Asseco Group, 6th largest software vendor in Europe, has announced the first phase of the deployment of its leasing software solution LeaseFlex at Global Leasing Company, a pioneer in leasing solutions in Egypt.
[Egypt] Baker Hughes awarded subsea contract for Phase 2 development of Zohr gas field
11-09-2017 | 08:13:32
In a signing ceremony hosted by H.E. Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources for Egypt, Baker Hughes, a GE company has announced a major subsea contract from Petrobel
Egypt’s first public private partnership offers relief to a fast growing population
08-09-2017 | 10:15:00
With only a third of Egypt’s population connected to a sewer system—and rapid urbanization straining already overburdened infrastructure—Egypt’s fast-growing cities have been searching for solutions.
AfDB approves $55 million loan for three solar projects in Egypt
06-09-2017 | 08:05:00
African Development Bank (AfDB) Group has approved three senior loans for a total amount of $55 million to finance three solar PV Projects under the second Round of the Feed-in-Tariff (FiT) Program in Egypt.
UK lifts electronic ban on Egypt flights to London
04-09-2017 | 11:00:00
British authorities have lifted a ban on carry-on electronic devices on planes arriving from Cairo airport, Egypt's Ministry of Civil Aviation said on Friday.
Apex International Energy signs two concession agreements in Egypt
30-08-2017 | 10:17:00
Apex International Energy, an independent oil and gas exploration and production company focused on Egypt, has signed two concession agreements for 1.7 million acres encompassing the West Badr el Din and South East Meleiha concessions.
Siemens to strengthen Egypt’s national grid with two new substations in the Delta region
25-08-2017 | 16:14:27
In a new move aimed at improving the resilience of Egypt’s power grid, the Egyptian Electricity Transmission Company has awarded Siemens a contract for the construction of two substations.
Central Bank of Egypt disallows trade of cryptocurrency in the country
24-08-2017 | 11:05:16
The Central Bank of Egypt (CBE) said that it has no intention of passing a law or issuing legislation to allow the trade of cryptocurrencies in Egypt.
[Egypt] Energy and Real Estate chief sectors for foreign inflows
22-08-2017 | 13:58:00
International investment institutions expected Egypt to witness a significant economic improvement starting next year in terms of foreign investment inflows, especially in the oil and gas, real estate and consumer product sectors.
American gourmet burger concept Burgerim ventures into Egypt
17-08-2017 | 11:27:00
As one of the fastest growing international burger franchises, Burgerim is already in 16 countries and are now adding locations in Egypt and the UAE.
Nokia Contracting to provide infrastructure to major Egyptian Mobile Operators
14-08-2017 | 11:13:00
Nokia Networks in Egypt has revealed the company is working to provide the development and construction of mobile networks and infrastructure to Vodafone, Etisalat, Orange, and Telecom Egypt.
Egypt looks to capitalize on its low phosphate rock cost base
11-08-2017 | 11:25:45
Egyptian phosphate rock miners achieve some of the lowest production costs in the 200 tonnes per year industry, allowing them to continue exports in a difficult pricing environment.
Afreximbank opens Shareholding to Investors with launch of Depositary Receipts
10-08-2017 | 11:07:00
The African Export-Import Bank, an investment grade rated multilateral financial institution, is opening its shareholding to the investing public through the issuance of Depositary Receipts.
[Egypt] Entrepreneur creates the first Egyptian-made mini car
09-08-2017 | 12:11:00
In Egypt where many suffer under economic hardship, 35-year-old entrepreneur Ahmed Saeed al-Feki has been working hard to launch his own business building a mini-car in a country that relies heavily on imports of small automobiles.
Nissan Motors Egypt opens 42nd branch in cooperation with El Sabaa automotive
07-08-2017 | 11:42:00
In cooperation with El Sabaa Automotive, Nissan Motors Egypt opened an after-sale service centre in Al Shorouk City.
[Egypt] Afreximbank Grants $200m Financing Facility to Arab Contractors
31-07-2017 | 09:02:38
The Egyptian construction conglomerate, The Arab Contractors (Osman Ahmed Osman & Company) Limited, yesterday entered into an agreement with the African Export-Import Bank to receive a $200-million multi-currency guarantee facility.
[Egypt] Investment bank EFG-Hermes gets brokerage license to operate in Kenya
27-07-2017 | 10:44:00
Egypt-based investment bank EFG-Hermes has been licensed to operate a stockbroker unit in Kenya with an eye on an investment bank permit, targeting institutional and high net-worth investors from the Middle East.
UNIDO project seeks to revive Egypt’s cotton industry
26-07-2017 | 15:29:41
A new UNIDO project will help revive the Egyptian cotton industry which produces some of the highest quality fibre, known all over the world as Egypt’s ‘white gold’.
EFG Hermes extends lead as Egypt’s largest asset manager by fund count with two new mandates
26-07-2017 | 10:44:00
The asset management division of EFG Hermes, a financial services corporation in the Middle East and North Africa, has been awarded mandates from Ahli United Bank -Egypt to manage two funds.
Egypt and EU adopt partnership priorities in economic modernization, trade and investment
25-07-2017 | 15:14:56
EU-Egypt Association Council has endorsed the EU-Egypt partnership priorities for 2017-2020.
Egypt stocks likely to extend gains with second tranche of IMF loan, foreigners’ purchases
18-07-2017 | 12:05:00
Egypt stocks are expected to extend gains this week after the government secured the second tranche of IMF loan, with foreign investors likely to inject fresh cash in the country’s cheap shares.
[Interview] Wael Rashidy, Founder & Business Mentor, Guiders Consult, Egypt
17-07-2017 | 11:19:00
Wael Rashidy is an accredited SME Business Consultant from the Association of Accredited Small Business Consultant, USA, member of Egyptian Junior Business Association, International Council for Small Business, and Middle East Council for Small Business and Entrepreneurship.
Etihad Airways increases frequency to Egypt and Nigeria
13-07-2017 | 11:46:00
Etihad Airways is adding year-round flights between its Abu Dhabi hub and both Cairo and Lagos later this year, to cater for growing demand to and from the United Arab Emirates.
Afreximbank appoints Ibrahim Sagna Director for Advisory and Capital Markets
13-07-2017 | 10:31:00
The African Export-Import Bank (Afreximbank) has announced the appointment of Ibrahim Sagna as Director of its Advisory and Capital Markets (ACMA) Department.
Amir Barsoum joins Endeavor Egypt Board of Directors
12-07-2017 | 12:00:00
Endeavor Entrepreneur Amir Barsoum, co-founder and CEO of Vezeeta, has joined Endeavor Egypt’s Board of Directors
Andersen Global initiates expansion in Egypt
11-07-2017 | 07:24:20
Andersen Global has announced the addition of a presence in Egypt by way of a collaboration agreement with Maher Milad Iskander and Co., an Egyptian tax and legal firm based in Cairo.
[Egypt] Sheraton Cairo reopens after extensive renovation
03-07-2017 | 07:40:23
Sheraton Hotels & Resorts, part of Marriott International, Inc. has announced the reopening of the iconic Sheraton Cairo Hotel & Casino a city landmark for more than four decades.
[Egypt] Afreximbank issues $750m notes under EMTN programme
26-06-2017 | 09:28:44
The African Export-Import Bank (Afreximbank) has successfully closed a $750 million note under its Euro Medium Term Note programme.
Afreximbank approves $200 million facility to help Banque Misr support Egypt’s SMEs and industrialization
23-06-2017 | 12:32:00
The African Export-Import Bank has approved a $200 million industrialization liquidity facility for Egypt’s Banque Misr for the financing of small and medium-sized enterprises (SMEs)
Egypt ranks 14th in 2017 Global Cybersecurity Index, 2nd among Arab States
19-06-2017 | 12:02:00
Egypt has achieved a high ranking in the 2017 Global Cybersecurity Index, coming 14th out of 165 countries and second among the Arab states.
GE in $575 million agreement with Ministry of Transportation and Egyptian National Railways to transform rail infrastructure
19-06-2017 | 08:39:00
General Electric has announced that it has signed a deal worth $575 million meant to transform Egyptian rail transport.
Egypt’s Parliament approves the maritime borders deal between Egypt and Saudi Arabia
15-06-2017 | 11:32:00
Egypt’s parliament has approved on Wednesday the maritime borders deal between Egypt and Saudi Arabia.
Egyptian economy on track to economic recovery - Hala El-Said
13-06-2017 | 10:57:14
“There are positive signs of economic recovery, including the improvement of the trade balance, increasing FDIs, lower inflation rate, positive growth rates for manufacturing, extraction industries, ICT, and domestic trade.”
LG Chem to supply RO Membranes to Egypt's largest seawater desalination plant
12-06-2017 | 10:57:54
LG Chem is stepping up a drive to lead the global water treatment market after winning Egypt’s largest project to turn sea water into fresh water.
Kenya Airways signs extended codeshare agreement with EgyptAir
07-06-2017 | 06:06:00
Kenya Airways has signed a codeshare agreement with EgyptAir (MS), on the Nairobi-Cairo route, in a bid to improve connectivity to Egypt in Northern Africa.
[Egypt] Societe Generale launches the initial public offering of ALD on the regulated market of Euronext Paris
06-06-2017 | 14:30:00
Societe Generale has announced the launch of the initial public offering of ALD (the “IPO”), its full service leasing and fleet management subsidiary, on the regulated market of Euronext Paris.
Telecom Egypt strikes deal with Etisalat for national roaming and international voice
06-06-2017 | 11:02:00
Telecom Egypt has announced a five-year partnership with Etisalat Masr which will see it offer 2G and 3G services in the country from September.
[Egypt] Afreximbank closes record $632.9m and €499.6m syndicated term loan facility
05-06-2017 | 06:58:39
The African Export-Import Bank (Afreximbank) has successfully closed a record $632.9 million and Euro 499.6 million dual-tenor dual-currency syndicated term loan facility.
Telecom Egypt signs agreement with Etisalat Masr for national roaming
02-06-2017 | 14:15:00
Telecom Egypt and International Voice Services Telecom Egypt, have announced the signing of a Memorandum of Understanding (MoU) for a National Roaming and International Voice Services with Etisalat Masr (Egypt).
Add Energy Awarded £1m Contract with BP in Egypt
30-05-2017 | 09:53:32
Add Energy, the international energy consultancy provider, has been awarded a maintenance build contract worth more than £1m with BP for work on West Nile Delta.
Mastercard and INJAZ Egypt unveil five new startups as part of the women entrepreneurship program
17-05-2017 | 13:59:03
After a long journey that lasted six months since the launch of the program and a day full of excitement, creativity, talent and top class competition, Mastercard and INJAZ Egypt announced the five winning teams of the “Mastercard Women’s Entrepreneurship Program”.
Viking River Cruises showcases new ship design In Egypt
09-05-2017 | 12:48:41
Viking River Cruises has announced details of the newest addition to its river fleet, Viking Ra™. Recently acquired, the vessel has been stripped down to the steel to undergo a complete renovation that will reflect Viking's award-winning Scandinavian design.
Iraq Exports First Shipment of Crude Oil to Egypt
09-05-2017 | 10:54:00
The ministry of oil has declared the exportation of the first shipment of crude oil, which was two million barrels to Egypt through the southern ports.
Egyptian President Al-Sisi allocates EGP100m to Labour Emergency Fund
08-05-2017 | 11:42:49
President Abdel-Fattah Al-Sisi announced Sunday that the government will allocate EGP 100m from the Tahya Misr Fund to the Labour Emergency Fund to support factories, projects, and workers, on the occasion of Labour Day.
[Egypt] Bee partnership with Mastercard expands mobile wallet payments options
03-05-2017 | 14:05:00
Mobile wallets just became even more useful with the announcement that Mastercard, the leading company in payments technology, is adding Bee, the smart payment solutions provider, as a key player to its interoperable mobile ecosystem.
Afreximbank Grants $300m to National Bank of Egypt to Support Industrialisation
01-05-2017 | 09:14:37
The African Export-Import Bank (Afreximbank) has granted a $300-million financing facility to the National Bank of Egypt (NBE) to support Egypt’s industrialisation efforts.
Rockhopper Exploration commences Abu Sennan drilling campaign in Egypt
27-04-2017 | 12:30:00
Rockhopper Exploration, the oil and gas company with key interests in the North Falkland basin and the Greater Mediterranean region, has announced the commencement of the 2017 drilling campaign on the Abu Sennan Concession in Egypt, in which the Company has a 22% working interest.
Mastercard and McDonald’s announce cashless payment options in Egypt
26-04-2017 | 08:59:54
Mastercard and McDonald’s have entered into a strategic collaboration that will bring simpler and faster payment options to all McDonald’s customers when buying their favorite meal in store, at the drive thru or when ordering it online.
[Egypt] Carbon Holdings picks Bechtel to deliver major petrochemicals project
24-04-2017 | 15:31:56
Bechtel, a global leader in engineering, procurement, and construction, has been awarded two contracts by Carbon Holdings of Egypt: one to provide project management services for the Tahrir Petrochemicals Complex at Ain Sokhna, Egypt, and one to build two new polypropylene units at an adjacent site.
[Egypt] Vodafone in a multi-million-dollar partnership with Procera Networks to enhance broadband subscriber experience
24-04-2017 | 09:08:03
Procera Networks has unveiled a multi-year, multi-million-dollar partnership with Vodafone Egypt to enhance the subscriber experience for its fixed and mobile subscribers.
Government and private sector to turn Egypt into sport tourism destination
20-04-2017 | 14:00:00
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 launches new app for blind and visually impaired customers
19-04-2017 | 13:58:00
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.
Egypt to ink one million barrel/month oil supply deal with Iraq
17-04-2017 | 11:24:10
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, Naguib Sawiris, launches new bank in Europe
11-04-2017 | 11:33:00
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.
[Egypt] Government mulls setting up integrated databases for Egyptian expatriates
07-04-2017 | 16:10:27
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.
[Egypt] Afreximbank Closes JPY4billion and $70m Samurai Syndicated Term Loan Facility
03-04-2017 | 10:21:13
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 appoints Ahmed El Beheiry as new CEO
30-03-2017 | 11:42:53
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.
Amani Abou-Zeid elected AU Commissioner for Infrastructure and Energy
30-03-2017 | 08:30:00
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.
[Egypt] Almosafer unveils flight-booking service
29-03-2017 | 16:00:00
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
27-03-2017 | 12:15:00
"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”.
[Egypt] QNB ALAHLI in partnership with Visa to unveil mVisa
27-03-2017 | 11:03:00
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 Initiates Move to Join Afreximbank
27-03-2017 | 10:42:00
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.
[Egypt] SDX Energy commences drilling at South Disouq
22-03-2017 | 09:37:00
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.
[Egypt] Construction of mobile phone factory on course
22-03-2017 | 07:09:26
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.
Analysis of key sectors of Egypt: Business opportunities and trends
17-03-2017 | 06:47:04
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.
[Egypt] Infor acquires Accentia to grow regional footprint
15-03-2017 | 15:00:00
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.
[Egypt] Innoventures launches “Startup Reactor” Fourth Cycle in Partnership with VC4A and SRI
06-03-2017 | 09:52:00
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.
[Egypt] ICFLIX Orange partnership brings entertainment to mobile customers
06-03-2017 | 07:18:00
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.
EgyptAir in new codeshare agreement with Etihad Airways
02-03-2017 | 09:03:00
Etihad Airways and EgyptAir have signed a new codeshare partnership to be introduced in phases beginning March.
QNB Al-Ahli Bank to pioneer mVisa services in Egypt
01-03-2017 | 14:45:44
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
27-02-2017 | 12:34:00
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.
Afreximbank pledges financial and advisory support for Sao Tomé’s blue economy
16-02-2017 | 09:41:09
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.
Egypt spearheads project connecting 10 African countries via Nile Shipping Line
15-02-2017 | 05:52:36
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.
[Egypt] Afreximbank and Ecobank in a $500 million partnership to finance trade among member states
14-02-2017 | 13:47:02
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
Egypt pays Italy's Eni $630 mln for Zohr gas field development
13-02-2017 | 09:55:00
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
13-02-2017 | 07:26:18
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.
[Egypt] QNB voted most valuable banking brand in Middle East and Africa
07-02-2017 | 09:27:07
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
Egypt to finalise oil import deal with Iraq in February
06-02-2017 | 12:30:00
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.