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Business - Markets & Companies
11/29/2023 4:39:19 PM
Global payment technology company MasterCard signed a memorandum of understanding (MoU) with Egyptian e-commerce platform MaxAB to offer digital services to small and medium enterprises (SMEs), according to a statement on Wednesday.

Business - Energy
11/29/2023 1:40:26 PM
Emirati energy company Dana Gas announced plans to invest an additional $43 million in its operations in the Egyptian market over the coming year, according to CEO Richard Hall on Wednesday.

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.

Sports - Omni sports
11/28/2023 6:08:46 PM
WWE crushed its social media record over the Thanksgiving holiday weekend, with the return of wrestler CM Punk at Survivor Series garnering more than 71 million views across all of the sports entertainment company’s platforms.

Business - Economy
11/28/2023 5:12:05 PM
Egypt has recently entered into a memorandum of understanding (MoU) with the South Korean company STX to develop the Mediterranean port of Jarjoub and its affiliated economic logistics zone, according to a Cabinet statement on Tuesday.

Business - Markets & Companies
11/28/2023 1:27:11 PM
France-based certification company Bureau Veritas awarded Egyptian Satellite Company (Nilesat) the ISO 9001:2015 certificate for quality management systems, according to a statement on Tuesday.

Business - Markets & Companies
11/27/2023 5:26:10 PM
Egypt's Administrative Capital for Urban Development Company (ACUD) targets a projected profit of EGP 26 billion by the end of 2023, which surpasses the EGP 20 billion in profits achieved in 2022, Chairman Khaled Abbas said on Monday.

Business - Markets & Companies
11/26/2023 4:28:43 PM
Master Gold Egypt launched the first ATM in Egypt selling gold bars in partnership with local e-payment technology company Finway, according to a statement on Sunday.

Business - Economy
11/26/2023 3:54:29 PM
Fawry, Egypt's leading e-payment company, announced the completion of a thorough cybersecurity verification process and infrastructure examination in response to reports of a hack, according to a statement by the company on Sunday.

Business - Markets & Companies
11/26/2023 3:53:54 PM
APM Investment Holdings, a subsidiary of the Egyptian ASEC Company for Mining (ASCOM), sold 35 percent of its share in Kurmuk Gold Project in Ethiopia to Allied Gold Corporation (AGC), a Canadian company, for a total of $99.6 million, according to a bourse filing on Sunday.

War on Gaza - War on Gaza
11/26/2023 2:06:07 PM
A tanker linked to an Israel-affiliated company has been boarded off the coast of Yemen, the maritime security firm Ambrey said on Sunday following a series of incidents on the same shipping route.

Business - Economy
11/23/2023 4:34:23 PM
Egypt’s Financial Regulation Authority (FRA) received three applications from local institutions in partnership with foreign entities seeking a licence to evaluate, classify, and arrange securities (credit rating), according to a statement on Wednesday.

Business - Markets & Companies
11/22/2023 8:41:42 PM
Egypt’s main Internet operator Telecom Egypt signed an agreement with the Internet Corporation for Assigned Names and Numbers (ICANN) to install and operate the Managed Root Server (IMRS) in the Egyptian company’s Regional Data Hub.

Business - Economy
11/21/2023 5:43:40 PM
The Saudi Batterjee Holding Group has unveiled its plans to acquire a pharmaceutical company listed on the Egyptian Exchange (EGX) within the next six months, Mazen Batterjee, Chairman of the group, said on Tuesday.

Business - Economy
11/20/2023 3:21:41 PM
Emirates NBD Egypt, a subsidiary of Emirates NBD, announced on Monday the signing of a €30 million ($32.8 million) medium-term loan agreement with Hayat Egypt for Hygienic Products, a subsidiary of Turkish Hayat company, to establish a tissue plant in Ain Sokhna, with an estimated investment of $70 million.

Business - Markets & Companies
11/19/2023 12:59:52 PM
Beltone Financial Holding, a large Cairo-listed investment company, announced that its wholly-owned subsidiary Beltone Real Estate Finance has obtained a license to practice real estate financing activity from the Egyptian Financial Regulatory Authority (FRA), according to the company's statement on Sunday.

Business - Economy
11/18/2023 6:00:57 PM
Egypt's Ministry of Public Enterprises revealed on Sunday details of the sale of a 30 percent stake in the state-owned Eastern Company to Emirati company Global Holding, according to a ministry statement released Saturday.

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 - Energy
11/16/2023 8:51:19 PM
The Egyptian Electricity Transmission Company (EETC) and Belgium’s Jan De Nul signed a memorandum of understanding (MoU) to study a project to export renewable energy to Europe, according to a cabinet statement on Thursday.

Business - Markets & Companies
11/16/2023 5:23:21 PM
The Egyptian Exchange (EGX) announced Thursday the acquisition of 30 percent of Egypt’s leading tobacco producer, Eastern Company, by Emirati company Global Holding for EGP 16.4 billion ($530.86 million).

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