Latest in Highlight
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Sharm El-Sheikh, Hurghada, Alexandria record highest YoY RevPAR increase in 2020: Colliers
UAE markets to achieve stable performance levels, Saudi to benefit from tourist visa changes in 2020
Sarwa Capital’s consolidated net income up 13% to EGP 280m in 9M 2019
Company’s total portfolio records EGP 6.4bn, average equity recorded 21.4%
A15 doubles its investment in AI-driven company Intouch
This comes after A15 invested in Intouch and providing them with in-kind services.
Extending maturities of Egyptian debt instruments is helpful to enter global bond indexes: Citi Country Officer
Egyptian government is on the right track, says Abdel Kader
Egypt’s Fawry, PaySky win Citi MENA Fintech Challenge
The Citi MENA Fintech Challenge offered the region’s Fintech community the opportunity to put their ideas into practice and come up with innovative solutions around four identified problem statements: digitising cash collections; assured payments, Business to business to consumer (B2B2C) enablement, and digitising trade processes.
Amideast, Citi Foundation launch Youth Entrepreneurship Program II
The Youth Entrepreneurship Program II is a sixteen-month partnership aimed at providing 40 Egyptian youth with training, mentoring and coaching, business incubation, and an opportunity for seed funding.
Citibank optimistic about horizons of Egyptian economy
The bank is currently focusing on expanding its portfolio of local companies on a selective basis: Mohamed Abdel Kader
Egypt’s petroleum products consumption to decrease 5% in winter
The deficit between production and consumption decreased to 3.8% in 2019/20, says source
Ride-hailing apps: safe haven for Egyptian women from harassment, yet they come with hefty price tag
‘I am not looking for excellent service, but less harmful alternative to public transport,’ says a female user
Winners and losers of CBE’s interest rate cut
Government, investors, and EGX are the most beneficiaries from the decision, while bank depositors are the most harmed
Black Americans castigate Capitalism
Capitalism only feels safe when it is ruled by whoever owns capital, whereas democracy, on the contrary, is the rule of the majorities who have neither capital nor reasons to identify with the needs of capitalism
British tourism companies to visit Sharm El-Sheikh in December: S. Sinai Governor
Sharm El-Sheikh to host global conference for health tourism on 25 March 2020
Bridging the skills gap in Africa
In Africa, unemployment remains a core issue, affecting even those with tertiary qualifications in some parts of the continent. Many of our educational institutions are keen to teach students the skills required to operate in the digital economy
New US ambassador to Egypt Jonathan Cohen in office
Ambassador presented his credentials at the Ministry of Foreign Affairs on Sunday
Student enrolment in higher education increase by 4% during 2018/2019: CAPMAS
CAPMAS also stated that the rate of enrollment in university education in the Arab region is 32.52% for males, 33.51% for females, compared to 31.65% for males, and 32.32% for females in Egypt.
Credit Agricole reports EGP 1.8bn profit in 9M of 2019
The deposit portfolio stood at EGP 41.1bn, while the loan-to-deposit ratio was 57.1%, with total equity reaching EGP 6.6bn.
Forbes lists CIB among the top 500 companies in the world
The bank ranked 90th in the world this year, based on 1.4 million employment recommendations from a global survey and regional surveys.
Telecom Egypt achieves revenues of EGP 19bn in 9M 2019
Net profit recorded a decline of 8% compared to the same period last year to reach EGP 3.2bn due to the cost of the early pension programme and the growth of the Bharti deal.
Military court sentences Libyan terrorist to death over ‘Al-Wahat shootout’
Court hands life sentences to 22 defendants, imprisonment sentences to 10 others
The first JWF to kick off in November
JWF is targeting more than 2000 visitors during the current session, focusing on local jewellery companies: Tawfik
Egypt’s government debt to GDP declines to 88.4% in 2Q 2019: IIF
State’s household debt to GDP remains unchanged at 7.1% in 2Q of 2019, says report
Al-Sisi heads to Berlin for CwA meetings
President is to meet Chancellor Merkel, €154m-development agreement will be signed
CBE to offer $1.56bn worth T-Bills in auction Monday
The proceeds of this issuance will be directed to repay the earlier T-Bills issuance launched by the CBE on 19 November 2018, valued at $1.703bn.
The Egyptian Museum celebrates its 117th anniversary with two exhibitions
The celebration was attended by the Minister of Antiquities Khaled Anany and the Minister of Immigration and Egyptian Expatriate Affairs Nabila Makram, along with 40 foreign ambassadors and public figures.
First Roman catacomb unearthed in Saqqara necropolis
The material from our discovery of the Roman catacomb at Saqqara suggests that Greco-Roman influence was stronger in Memphis than in contemporary Upper Egyptian culture; says mission director
Iraqi protesters control Khilani square, rushing towards Green Zone
Four dead and 12 wounded in a bomb explosion in Baghdad
New Israeli strikes against Hamas breaks Egyptian-mediated ceasefire in Gaza
Israel pledges to investigate the ‘harm caused to civilians’
AMCEN ratifies Egypt’s initiative to combine three Rio conventions
The initiative was announced by Al-Sisi during COP 14 in Sharm El-Sheikh, 2018
Al-Sisi, Merkel discuss Libyan crisis, bilateral relations
“The will of the brotherly Libyan people must be realised and acted on to meet their aspirations for the return of stability to the country,” says Al-Sisi
Pope Francis receives El-Tayeb in Vatican
Al-Tayeb also participated in a religious summit promoting child dignity in the digital world