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Cairo’s real estate market performance remains strong in Q1of 2019: JLL

According to the Jones Lang LaSalle (JLL) report, performance remained strong across all sectors of the Cairo real estate market in the first quarter (Q1) of 2019. JLL added that the residential sector registered mixed performance, with sale prices slowing over the quarter, while rental rates increased on the back of limited supply of rental …

Nihal Samir

Moody’s upgrades five Egyptian banks, outlook changed to stable

Moody’s Investors Service (Moody’s) upgraded on Tuesday, the long-term local-currency deposit ratings of the National Bank of Egypt SAE (NBE), Banque Misr SAE (BM), and Banque Du Caire SAE (BdC) and the Commercial International Bank (Egypt) SAE (CIB) to B2 from B3, and their long-term foreign currency deposit ratings to B3 from Caa1. Furthermore, the …

Daily News Egypt

Ministry of Culture mourns Bachir El-Sebaie

After a long journey of enriching the cultural scene in Egypt with his translations and chronicles, historian and translator Bachir El-Sebaie passed away on Sunday at the age of 75. The ministry of culture mourned on Monday the veteran historian, stating that he was one of the literature and translation pillars in the country. In …

Daily News Egypt

Figurative Encounters: Exhibition Haphazardly Crosses Space, Time

Born in 1911, Egyptian national artist Salah Taher has lived through many important periods of world history and modern Egyptian milestones. Among many impressive years of work and created collections, Taher is well known for his ‘tribal communities’ series, where the artist masterfully and romantically combined human figurative outlines with the layered and flowing fabric …

Henry H.C. Woo

BEBA’s 2019 annual mission to UK likely to include 40 companies

The British Egyptian Business association (BEBA) is still considering the details of its 2019 annual mission to the UK, yet there are 40 companies expected to participate in the mission, which is the same figure of last year’s mission, BEBA Executive Director, Nadia Lamloum, said. The main topics to be discussed are education, healthcare, oil …

Hagar Omran

Toyota Launches 12th Generation Corolla in Egyptian Market

Toyota revealed the 2020 Corolla model during a big celebration, throughout which the details of the new generation was announced. Ahmed Monsef, CEO of Toyota Egypt, said his company aimed to get next year’s Diamond award through the new generation of the new Corolla sales, pointing out that the model has broken sales around the …

Mohamed Al-Roubi

Automotive Division discusses sector crises

The General Federation of Chambers of Commerce in Cairo held a conference on Wednesday for the Automotive Division, which was attended by Omar Belbaa, Head of Division and Head of Belbaa Trading and Import Company; Wael Tarek Ismail, chairperson of Al Tareq Company for Trading, Importing and Distribution of Cars; Amr Hassan Sulaiman, chairperson of …

Ahmed Hassan Abdul Karim

BMW first brand to officially launch electric vehicles in Egypt

The Bavarian Auto Group (BAG), BMW and Mini’s exclusive dealership in Egypt, became the first brand to launch electric vehicles (EVs) in Egypt. BAG completed the preparations to introduce a new generation of cars to keep pace with international markets. The most prominent preparations made by the group for customers are the completion of the …

Mohamed Al-Roubi

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