Oil and gas exploration multinational Eni has announced that a new concession agreement has received approval by Egyptian authorities.
The Venture lab at The American University in Cairo, AUC Venture Lab and Temenos, the banking software company, have announced their intention to collaborate and strengthen the fintech ecosystem in Cairo.
Telecom Egypt and Etisalat Misr have signed a memorandum of understanding (MoU) to provide the latter with virtual fixed voice services.
IFC, a member of the World Bank Group, committed $1.2 billion in Egypt during the recently concluded 2018 fiscal year, helping to create jobs, improve local infrastructure, and boost economic growth.
Egyptair Cargo has received the A330-200 Passenger-to-Freighter, P2F, converted aircraft from the Elbe Flugzeugwerke GmbH, EFW.
Bharti Airtel and Telecom Egypt have announced a strategic partnership, where Airtel will get IRUs (Indefeasible Right of Use) on Middle East North Africa Submarine Cable (MENA Cable) and TE North Cable Systems.
The African Export-Import Bank (Afreximbank) has disbursed the sum of $200 million to the Egyptian General Petroleum Corporation (EGPC) to support EGPC's investment in the Middle East Oil Refinery Company.
Egypt and the United States have signed five bilateral assistance agreement amendments worth $45 million that demonstrate continued support from the American people for joint U.S.-Egypt priorities in health, education, governance, and agriculture.
Dubai has moved to further strengthen the emirate’s business and investment ties with Egypt, following meetings with a high-level Egyptian delegation.
Energy Recovery, Inc. a company involved in pressure energy technology for industrial fluid flows, has announced a $3.3 million award to supply its PX® Pressure Exchanger® for a water project in Egypt.
The Econet Group and Telecom Egypt have signed a memorandum of understanding that will enable Econet’s Liquid Telecom unit to complete a terrestrial fibre optic network stretching all the way from Cape Town in South Africa to Cairo.
The International Finance Corporation is committed to financially support Egypt’s private sector with a $2 billion fund by 2019, a value which might increase to fund entrepreneurship and SMEs.
The Central Bank of Egypt, on behalf of the Ministry of Finance, issued LE 3 billion ($167.46 million) in treasury bonds Monday.
Liquid Telecom and Telecom Egypt have announced the signing of a Memorandum of Understanding that will enable Liquid Telecom to shortly complete Africa’s terrestrial fibre network stretching all the way from Cape Town, South Africa, to Cairo, Egypt.
Marriott International announces the launch of Tahseen in Egypt, a hospitality training program developed in response to a growing need for talent within the industry.
The Central Bank of Egypt announced a rise in remittances from Egyptians working abroad by 41.2 percent in April, reaching about $2.3 billion compared to $1.7 billion during the same month last year.
Telecom Egypt and Orange Egypt have announced the signing of a renewal of their international telecom services agreement, first signed in January 2015 for a period of four years.
Eni announces a second light oil discovery on the B1-X exploration prospect located in South West Meleiha license, in the Egyptian Western Desert, some 130 Km North of the oasis of Siwa.
A.M. Best has affirmed the Financial Strength Rating of B++, Good and the Long-Term Issuer Credit Rating of “bbb” of Arab Misr Insurance Group S.A.E., gig-Egypt.
Telecom Egypt and Etisalat Misr have signed an amendment of the national roaming agreement sealed in June 2017. The amendment provides better financial and service quality terms availing improved commercial conditions for Telecom Egypt.
The Central Bank of Egypt has launched an initiative to relieve 3,500 companies and 337,000 individuals from interest payments on non-performing loans.
National Aviation Services (NAS), the aviation services provider in emerging markets, inaugurated its Pearl Lounge at the Cairo International Airport recently.
IFC, a member of the World Bank Group, and the Financial Regulatory Authority of Egypt have launched a consultation process for guidelines to foster the development of the country’s green bond market and help address climate change.
Zimbabwe, Egypt and Ghana are the leaders when comparing their September 2017 risk-reward score with the score from June 2018, according to the Africa Risk-Reward Index from Control Risks and Oxford Economics.
Effective 28 October 2018, Etihad Airways, the national airline of the UAE, will introduce a 299-seat next-generation Boeing 787-9 Dreamliner on its daily mid-morning EY653 / EY654 schedule from Abu Dhabi to Cairo.
Global air services provider dnata has expanded its partnership with Egyptair in Dubai.
Telecom Egypt obtains $200 million long-term financing with Chinese financial institutions facilitated by Huawei
Telecom Egypt and Huawei announced the signing of a US$200 million long-term financing with Chinese financial institutions including the Bank of China and China Export & Credit Insurance Corporation.
Clarivate Analytics partners with the Egyptian Knowledge Bank to power the first Arabic citation index
Clarivate Analytics has partnered with the Egyptian Knowledge Bank, the Egyptian government's digital library and online knowledge hub to launch the first Arabic Citation Index
The African Export-Import Bank, Afreximbank, has committed up to $200 million to Telecom Egypt to enable the telecommunication company finance working capital.
The Egyptian parliament has preliminarily approved a draft law for fighting cybercrimes, pending a final vote when two thirds of Parliament attend the session.
IFC, a member of the World Bank Group, is providing up to $100 million in debt financing to Egyptian Fertilizers Company (EFC), part of efforts to support Egypt's crucial manufacturing sector.
Telecom Egypt announces that its Board of Directors has approved two strategic decisions to increase its return on investment, and provide the liquidity to facilitate the implementation of its business plan.
IFC, a member of the World Bank Group, is providing a $15 million loan mainly in Egyptian pounds to Vinavil Egypt for Chemicals, a leading manufacturer of construction-related materials, to help the company boost production and create jobs.
iflix, the global player in entertainment service for emerging markets has announced the launch of its exclusive partnership with Egypt’s mobile operator, Vodafone Egypt to offer Vodafone subscribers unlimited access to iflix’s vast library of thousands.
IFC, a member of the World Bank Group, and Daltex, an agribusiness producer in Egypt have signed a Memorandum of Understanding to increase economic opportunities for its women employees and smallholder farmers.
Microsoft Egypt has launched a female empowerment campaign dubbed #MakeWhatsNext designed to encourage young females to consider careers in STEM (Science, Technology, Engineering, and Math) related industries.
Italian multinational oil and gas company Eni has announced the start-up of the second production unit of the Zohr project in Egypt.
Lockton Middle East and North Africa has continued the expansion of its regional footprint with the launch of its new Cairo office as the business looks to take advantage of the strengthening Egyptian economy.
The National Bank of Egypt has joined enterprise software firm R3’s global blockchain, an initiative of over 200 financial services firms comprising technology companies, banks, trade associations, and regulators, according to bank officials.
The National Bank of Egypt has joined enterprise software firm R3’s global blockchain, an initiative of over 200 financial services firms comprising technology companies, banks, trade associations and regulators, according to bank officials.
The President of Tanzania, John Pombe Magufuli, and the President of the African Development Bank, Akinwumi Adesina, commissioned the Dodoma-Babati road project on Friday.
Telecom Egypt has launched We Internet, a revamped version of its fixed broadband service. Subscribers can now get service at up to 100 Mbps instead of the old maximum of 16 Mbps.
The United Bank of Egypt (UB) and the Industrial Development Authority (IDA) signed a joint cooperation protocol last week aimed at supporting small and medium enterprises (SMEs).
The top ten economies by Gross Domestic Product in Africa all have active competition regulation, save for Angola and Nigeria but those countries are in the process of establishing completion law regimes, which are expected to be up and running soon.
The Egyptian Government has again outlined plans to eliminate electricity subsidies, in order to allow some form of free market involving the private sector.
Etihad Airways, the national airline of the UAE, and Egyptian national airline EGYPTAIR, have announced a significant expansion of their successful codeshare partnership, widening their horizons to cover more destinations in Africa, North Asia and Australia.
The World Bank announced today a new US$500 million investment in Egypt’s education reforms, to support increasing access to quality Kindergarten education, improving the quality of learning and adopting technology as a vehicle to achieve the reform objectives.
SDX Energy Inc., the North Africa focused oil and gas company, has discovered gas at its Ibn Yunus-1X exploration well at South Disouq, Egypt.
Egypt’s non-oil exports recorded $3.8 billion in the first two months of 2018, with an increase of $500 million, compared to $3.3 billion in the same months of 2017, according to General Organization for Export and Import Control.
The African Export-Import Bank (Afreximbank) and the Indonesia Eximbank yesterday in Bali, Indonesia, entered into an agreement to commit up to $100 million to support businesses and trade activities between Indonesia and African countries.
The Attijariwafa Bank group signed a Memorandum of Understanding (MoU) with the Egyptian Exporters Association (Expolink) to cooperate in boosting Egypt’s exports to Africa.
EFG Hermes, a financial services corporation serving MENA and frontier emerging markets, says that its subsidiary, EFG Hermes Factoring, has received a license to offer factoring services in the Egyptian market.
Egypt’s Petroleum Ministry achieved around 800 new oil and gas discoveries starting fiscal year (FY) 2001/02 and until 2015/16.
Morocco ranks top investment destination in Africa for 2017, followed by Egypt, Algeria, Botswana, Cote d’Ivoire - Quantum research
Morocco is the most attractive economy for investments flowing into the African continent, according to the latest Africa Investment Index 2018 (AII) by Quantum Global’s independent research arm, Quantum Global Research Lab.
dLocal, a payments technology company is building on the momentum of another year of solid growth with expansions in its boardroom, C-Suite, and roster of regions where its ecommerce customers are uncovering opportunities.
Occupying a vast area of 29,000 square meters in Beheira province north of the Egyptian capital Cairo, the newly-established factory of China’s agribusiness factory, New Hope Group, is an indication of the growing ties between the two countries.
SDX Energy Inc., the North Africa focused oil and gas company, is pleased to announce that an oil discovery has been made at its Rabul 5 Well in the West Gharib Concession in Egypt.
The Chairperson of the African Union Commission, His Excellency Moussa Faki Mahamat, has approved the deployment of a Short-Term Election Observation Mission to Egypt to observe the country’s presidential election scheduled for 26-28 March 2018.
Energy Recovery, Inc. a provider of pressure energy technology for industrial fluid flows, has been awarded $4 million to supply its PX® Pressure Exchanger® technology for desalination projects in Egypt.
Egypt launches digital forensic lab to Improve Intellectual Property Rights' Protection and Enforcement
The Government of Egypt has announced today that it is setting up a specialized digital forensic lab for Intellectual Property as part of its enforcement schemes of combating software piracy.
Beltone Financial expected that Egypt Telecom Company will acquire a five-percent stake of the mobile network market in 2018 with 5.2 million subscribers, according to Beltone’s research report.
Italian multinational oil and gas company Eni has agreed to sell to Mubadala Petroleum, a wholly owned subsidiary of Mubadala Investment Company, a 10% stake in the Shorouk concession, offshore Egypt, where Zohr's super-giant gas field is located.
Nokia and Orange Middle East & Africa are rolling out a Nokia single radio access network and network management technology across seven African countries in a three-year modernization project to prepare for the launch of 4G services.
Temenos, the software specialist for banking and finance has announced that Banque du Caire has selected Temenos T24 Core Banking as part of its vision in becoming the region’s leading bank.
Novonordisk Egypt awarded the best place to work in Egypt for 2018 by BTPW
The African Export-Import Bank (Afreximbank) can support Egyptian business women in expanding their trading activities into other African countries.
Telecom Egypt’s (ETEL) consolidated results increased 17.97 percent in 2017, recording LE 3.15 billion, compared to LE 2.67 billion in 2016.
Archer Daniels Midland Company and Cargill have reached agreement to launch a joint venture to provide soybean meal and oil for customers in Egypt.
International Data Corporation, a global research and consulting firm has initiated a study to understand the global market trends and opportunities for the Egyptian offshoring industry in relation to IT outsourcing.
Telecom Egypt has signed an agreement with Orange Data to provide infrastructure and transmission services for three years.
International tax and legal company Andersen launches in Egypt this week as Maher Milad Iskander and Co., an Egyptian tax and legal firm based in Cairo, formally adopts the name Andersen Tax & Legal.
American petroleum and natural gas exploration and production company Noble Energy, Inc. has signed agreements to sell significant quantities of natural gas from the Leviathan and Tamar fields to Dolphinus Holdings Limited to supply gas in Egypt.
Gemalto, global digital security company, is supplying Cairo International, the second busiest airport in Africa, with automated document readers that will enable faster border crossings for millions of travelers.
The President of the African Development Bank, Akinwumi Adesina, and the Government of Egypt are championing a new push for African countries to work together towards building a new Africa driven by innovation and technology.
Hilton continues its growth and development in Egypt, 60 years after first entering the country, with the opening of the Hilton Cairo Heliopolis.
Al Baraka Bank Egypt continued its growth and progress in all its activities in 2017 and announced achieving financial results and growth in businesses, services and products, where total income increased by 51% in 2017.
Telecom Egypt has signed a wholesale agreement with Vodafone Egypt to provide transmission and infrastructure services.
Egyptian Ambassador to Addis Ababa Abu Bakr Hefny said on Tuesday that Sudan, Egypt and Ethiopia are furthering collaboration, especially at an economic level, given the Cairo-Cape Town road crossing that will soon be established through the three states.
The future of technical education in Egypt has received a significant boost with the completion of a seven-day workshop for 1,300 Egyptian technical school teachers and administrators from 60 vocational schools in 11 governorates across Egypt.
Cairo Angels, Egypt’s first formal angel investors’ network has launched the Mint startup incubator, created in partnership with EG Bank.
The China-based auto manufacturer BYD has been expanding internationally in recent years quite a bit, with the most recent news on that front being that a deal has been struck that will see the old city of Alexandria granted its first electric buses.
Yokogawa Electric Corporation announces that its subsidiary, Yokogawa Middle East & Africa, has received an order from the state-owned Egyptian Natural Gas Company, operator of the country’s national gas grid, to supply a gas pipeline management and control system.
Egypt’s economy is recovering, supported by prudent macroeconomic policies and initial bold reforms aimed at addressing the major challenges that have confronted the economy in recent years.
Telecom Egypt announced in a release to the Egyptian Exchange that it has reached a final settlement agreement with Etisalat Misr in regards to a dispute on international calls' services.
Toyota-Egypt has signed an agreement with Lexus, the luxury vehicle division of Japanese car maker Toyota, to be the official distributor of Lexus cars in the Egyptian market as from 2018.
Imagine Education, a player in global solutions, and onQ™, a digital content delivery provider for communications have expanded their partnership, to support the Teachers First initiative for the Egyptian Ministry of Education.
JSC Russian Export Centre has become the latest international financial organisation to join the African Export-Import Bank as a shareholder following its successful subscription to Class “C” shares of the African multilateral trade finance bank.
Cabrera Capital Markets teams up with HC Brokerage to bring independent institutional Egyptian research to US investors
Cabrera Capital Markets has announced a strategic alliance with HC Brokerage, headquartered in Cairo, Egypt. HC Brokerage is the brokerage arm of HC Securities & Investments.
Astronergy/CHINT Solar has won a new contract to provide EPC services to the 165 megawatts solar project in Egypt. The company will undertake the technology, design, engineering, procurement and construction work for the whole project.
The Board of Directors of the African Development Bank has approved a $500-million loan to finance Egypt’s Economic Governance and Energy Support Program Phase III.
As Egypt embarks on a massive infrastructure expansion drive to stabilise and expand its economy, underground and deep foundations works represent an essential element of preparation
Hamdy El-Leithy, CEO of Linatel Telecommunications, said his company is in negotiations to participate in setting up Telecom Egypt’s infrastructure for its mobile network.
[Egypt] NEXTracker delivers smart tracker technology to world's largest planned solar power plant in North Africa
Power company NEXTracker has announced that global solar EPC company Sterling and Wilson selected NEXTracker to supply 325 megawatts of its smart solar trackers to its project within the Benban solar park in Aswan, Egypt.
Saudi-based Acwa Power, a major developer, investor and operator of a portfolio of power generation and desalinated water production plants, has reached financial close of three solar PV projects under Round 2 of Egypt's Feed-in-Tariff programme II.
Gowling WLG has served as the legal adviser on one of the largest new-build nuclear power construction projects in the world: the El Dabaa project in Egypt, worth more than $30 billion.
Groupe SEB has signed an agreement with the Zahran family to merge small electrical appliances and cookware businesses with a view to reinforcing its local manufacturing base in Egypt to serve the local and export markets.
Russian President Vladimir Putin has authorised commercial flights between Egypt and Russia to resume following a two-year suspension.
Egypt saw a 55-percent rise in international tourism since the beginning of 2017 until November after a decline in tourism in 2016, according to an analysis of the market conducted by GfK.
The United Nations has announced the opening of its African Technology Innovation Lab (UNTIL) in Egypt, in line with its framework to deploy a global network of such labs.
Al-Mansour Automotive, official distributor of Chevrolet and Opel vehicles in Egypt, signed a partnership contract with Shell Egypt to be the exclusive engine oils and lubricants supplier of the company’s service centres.