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Business - Economy
5/23/2024 1:56:07 PM
Egypt received seven international and local offers to acquire shares in the National Company for Petroleum Products Marketing and Distribution (Wataniya). The winning bid is slated to be announced in the near future, Egypt’s Minister of Planning and Economic Development Hala El-Said stated on Wednesday.

Business - Economy
5/22/2024 10:13:16 PM
Philip Morris International (PMI) announced on Wednesday that it had acquired a 14.7 percent indirect minority stake in Egypt's largest cigarette manufacturer Eastern Company.

Business - Tech
5/21/2024 7:49:53 PM
Huawei Cloud launched its Cairo Region on Tuesday, becoming the first company to launch a public cloud services suite in Egypt, the first in North Africa.

Egypt - Urban & Transport
5/20/2024 10:29:14 PM
Ahmed Aly, head of public policy and government relations for Uber in North Africa and Middle East, requested that the company be granted access to the government's database to verify whether drivers working with the company have criminal records.

Sports - World
5/15/2024 4:57:23 PM
City Football Group, the parent company of Manchester City, must reduce its stake in Girona if the Spanish club is to be allowed to compete in next season's Champions League, UEFA said on Wednesday.

Advertising - Sponsored
5/15/2024 2:41:16 PM
"Moataz El Zayat": The company aims to facilitate procedures for opening new markets for investors and businesspeople.

Business - Energy
5/12/2024 4:48:47 PM
Qatari state-owned QatarEnergy announced its intention to acquire two new exploration blocks offshore Egypt, the company said in a statement on Sunday.

Arts & Culture - Stage & Street
5/9/2024 2:12:01 PM
The Cairo Opera Ballet Company will give its first performance of Pyotr Ilyich Tchaikovsky's masterpiece The Sleeping Beauty on 9 May 2024. The performance will also run on 10, 12, and 13 May.

Business - Tech
5/8/2024 5:13:01 PM
Financial management platform Swypex has launched its all-in-one financial platform to boost businesses in the Egyptian market, following a $4 million seed round led by the US-based venture capital firm Accel, marking its first fintech investment in the region, the company said in a statement Tuesday.

Egypt - Society
5/7/2024 9:45:12 PM
Upon a request from the Ministry of Education to halt load shedding during the second term exams, the Egyptian Electricity Holding Company will schedule power cuts between 3-7pm, instead of 8am-3pm.

Advertising - Sponsored
5/4/2024 6:15:00 PM
Mr. Mohammed Al Shroogi, Chairman of the Board of Directors of the L’azurde Group, the region’s leading jewelry brand, presided over the group’s quarterly meeting on the 25th of April 2024.

World - Africa
5/4/2024 1:00:17 PM
Tanzania’s power distributing company on Saturday announced a major blackout for most of the country due to the power grid's failure ahead of approaching Cyclone Hidaya. The metrological department said the cyclone continues toward the coastline.

Business - Economy
5/2/2024 4:43:09 PM
Egypt has decided to apply the capital gains tax on shares and stakes listed in the Egyptian Stock Exchange (EGX) starting from the tax season of March/April 2025, through the Egyptian Clearing Company for 2024, the cabinet announced on Wednesday.

Business - Economy
5/1/2024 6:06:15 PM
The Administrative Capital for Urban Development (ACUD) is scheduled to name an international initial public offering (IPO) advisor during the third quarter of 2024 (July-September), company CEO Khaled Abbas told CNBC on Wednesday.

Arts & Culture - Stage & Street
4/30/2024 11:52:12 AM
​In a darkly lit arts studio in London, five young actors highlight their scripts and go over their lines: the latest cast of Phosphoros Theatre, a company that empowers refugees and asylum seekers to tell their story on stage.

Business - Tech
4/27/2024 2:14:57 PM
Telecom Egypt (WE), the country's largest telecom operator, was ranked first for best mobile internet performance in Egypt in 2023-2024 by French company nPerf, which is dedicated to assisting Internet users in assessing the quality of their connections.

World - International
4/24/2024 7:52:52 PM
US Secretary of State Antony Blinken has begun a critical trip to China following Senate approval of a foreign aid package that will provide billions of dollars in assistance to Ukraine, Israel and Taiwan as well as force TikTok’s China-based parent company to sell the social media platform -– all areas of contention between Washington and Beijing.

Business - Economy
4/24/2024 3:43:03 PM
Egypt’s Minister of Trade and Industry Ahmed Samir met on Wednesday with an investment delegation from the Austrian Holding Petrochemicals Company and the Czech Darslovska Company to discuss their plan to establish a sodium cyanide production plant in Egypt.

Business - Economy
4/21/2024 4:51:24 PM
Freezoner, a UAE-based investor services provider for company establishment, has joined forces with International Free Zone Authority, based in Dubai, to organize the Investing in the Golden Triangle Conference in Egypt.

Business - Markets & Companies
4/17/2024 5:28:49 PM
Beltone Holding, a capital market and financial company, signed a partnership agreement between its subsidiary, Beltone Venture Capital (BVC), and CI Venture Capital, a subsidiary of the UAE-based Citadel International Holdings, an investment management firm headquartered in Abu Dhabi, Beltone announced on Wednesday.

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