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Business - Tech
11/28/2023 6:09:03 PM
Software and digital technologies are anticipated to contribute 29 percent of companies' revenues worldwide by 2030, a substantial increase from seven percent now, according to a recent report by French information technology services and consulting company Capgemini SE.

Business - Economy
11/23/2023 9:44:37 PM
The fifth edition of Africa’s Business Heroes (ABH) Summit and Grand Finale commenced in the Rwandan capital, Kigali, calling for an increased role of the private sector in financing African entrepreneurs who still grapple with financial constraints.

Business - Economy
11/22/2023 11:50:32 PM
The gold holdings of the Central Bank of Egypt (CBE) increased by 6 percent to EGP 249.64 billion ($8.08billion) in October from EGP 235.64 billion ($7.63 billion) in September, according to the monthly balance sheet released on Wednesday.

Business - Economy
11/22/2023 7:53:21 PM
Saudi Arabia is seeking to increase mutual trade with Egypt to $100 billion, said Second Vice Chairman of the Federation of Saudi Chambers, Fayez Alharbi, according to CNBC Arabia.

Business - Economy
11/19/2023 1:22:46 PM
The financial inclusion rate in Egypt increased by 5.4 percent to 67.3 percent during the first six months of 2023, according to a report by the Central Bank of Egypt (CBE).

War on Gaza - War on Gaza
11/18/2023 11:28:33 PM
Israeli Prime Minister Benjamin Netanyahu said in a televised speech on Saturday that his government is coming under increased pressure over its war in the Gaza Strip. In contrast, the defence minister announced the invasion had entered the "second phase" with no deal for those taken captive by Hamas in sight.

Business - Markets & Companies
11/16/2023 9:55:02 PM
Saudi Arabia’s Public Investment Fund (PIF) has increased its stake in the Egyptian state-owned company E-Finance For Digital and Financial Investments by 2 percent to 27 percent, according to the company’s Chairman and Managing Director Ibrahim Sarhan.

Business - Markets & Companies
11/16/2023 3:12:47 PM
The Egyptian Exchange (EGX) reached new heights on Thursday after some sessions of fluctuations and moderate increases. Gold prices inched lower but were still the highest in months.

Business - Economy
11/16/2023 2:57:18 PM
Sugar prices in Egypt increased in the past week, reaching up to EGP 39 per kilo, as vendors and food and beverages companies increase their inventory ahead of the fasting month of Ramadan.

Business - Economy
11/16/2023 10:42:04 AM
The Egyptian government increased investments in the agriculture and irrigation sector by 71 percent year-on-year (YoY) to EGP 116.6 billion ($3.77 billion) for the fiscal year (FY) 2023/2024, according to a report by the Ministry of Planning and Economic Development on Wednesday.

Business - Economy
11/15/2023 6:03:09 PM
The Central Bank of Egypt (CBE) has increased daily and monthly limits of transactions on financial inclusion accounts, prepaid cards, and mobile banking by 100 percent, a circular said on Wednesday.

War on Gaza - War on Gaza
11/15/2023 2:50:24 PM
Turkish President Recep Tayyip Erdogan increased his criticism of Israel on Wednesday, calling it a “terrorist state” intent on destroying Gaza along with all of its residents.

Business - Markets & Companies
11/15/2023 1:56:26 PM
Telecom Egypt (TE) recorded a net profit of EGP 9.1 billion during the first nine months of 2023, up 48 percent from the corresponding period last year, the company said in a statement on Tuesday.

War on Gaza - War on Gaza
11/15/2023 1:39:34 PM
An average of 1,700 weapons licences are issued to Israelis on a daily basis, said Israel's National Security Ministry. The figure marks a sharp increase on the average of licences issued before the onset of the current war on Gaza on 7 October. Fears are mounting that settlers' armed assaults on Palestinians, especially in the occupied West Bank, will increase as a result.

Al-Ahram Weekly - Egypt
11/14/2023 10:05:03 PM
Smokers were hit by yet another increase in cigarette prices, reports Doaa A. Moneim

Business - Economy
11/14/2023 6:33:52 PM
Egypt's exports to African nations are expected to increase by 10 percent, reaching $5.5 billion by the end of 2023, Sherif El-Gabaly, chairman of the Egyptian Chamber of Chemical Industries at the Federation Of Egyptian Industries (FEI), said on Tuesday.

Business - Economy
11/14/2023 5:54:03 PM
Philip Morris Misr on Monday increased the prices of its tobacco products by 15-20.5 percent, following the country's state-owned Eastern Company's move to raise the prices of its products.

Business - Energy
11/14/2023 2:15:55 PM
World oil demand will rise slightly more than expected this year as China's appetite for the fossil fuel hit a record and Israel's war in Gaza did not hit supply flows, the International Energy Agency said Tuesday.

Business - Economy
11/14/2023 1:21:41 PM
Egypt plans to increase its exports of petrochemicals and fertilizers to African nations by 10 percent in 2024, Khaled Abul-Makarem, head of the Export Council for Chemical Industries and Fertilizers, said on Monday.

Business - Economy
11/8/2023 4:00:00 PM
Egypt’s major tobacco producer Eastern Company raised the prices of its products to absorb part of the rising costs of production inputs after the devaluation of the Egyptian pound, the company’s Chairman Hany Aman told Ahram Online on Wednesday.

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