Results For: Egypt

EFG Hermes Factoring receives license to offer services in the Egyptian market – News

EFG Hermes, a financial services corporation serving MENA and frontier emerging markets, says that its subsidiary, EFG Hermes Factoring, has received a license to offer factoring services in the Egyptian market, reinforcing the Group’s market-leading position and further diversifying its product offering to large corporates and SMEs across Egypt. EFG Hermes has allocated an initial […]

Business & Economy

Egypt achieves 800 oil & gas discoveries in 15 years

Egypt’s Petroleum Ministry achieved around 800 new oil and gas discoveries starting fiscal year (FY) 2001/02 and until 2015/16. During this period, the ministry achieved 520 crude oil discoveries, according to figures from state statistics agency CAPMAS. Fiscal years 2011/12 and 2012/13 saw the largest crude oil discoveries, with an average of 57 discoveries each […]

Business & Economy

Software Piracy: Egypt launches digital forensic lab

The Government of Egypt has announced today that it is setting up a specialized digital forensic lab for Intellectual Property as part of its enforcement schemes of combating software piracy. The new lab, the first of its kind in the MENA region, is mainly designed to resolve business software and internet-based piracy cases. It authentically recovers […]


Mubadala Petroleum gets 10% stake in the Shorouk concession, offshore Egypt

Italian multinational oil and gas company Eni has agreed to sell to Mubadala Petroleum, a wholly owned subsidiary of Mubadala Investment Company, a 10% stake in the Shorouk concession, offshore Egypt, where Zohr’s super-giant gas field is located. Eni, through its subsidiary IEOC, currently holds a 60% stake, while the other partners are Rosneft with […]

Business & Economy

NovoNordisk: 2018 best company to work in Egypt

NovoNordisk Egypt has been awarded the best place to work in Egypt for 2018, according to the annual Workplace program driven by the global research firm BPTW and Best Companies Group USA. Best Places to Work program is an international program providing employers in different countries the opportunity to learn more about the engagement and […]


Egypt develops core banking in comprehensive technology upgrade

Temenos, the software specialist for banking and finance has announced that Banque du Caire has selected Temenos T24 Core Banking as part of its vision in becoming the region’s leading bank. Banque du Caire has chosen Temenos’ leading T24 Core Banking solution to replace its current solution. T24 will be deployed along with Temenos solutions […]

Business & Economy

Afreximbank ready to assist Egyptian business women expand into rest of Africa

The African Export-Import Bank (Afreximbank) can support Egyptian business women in expanding their trading activities into other African countries, participants in the Fourth Annual Multinational Conference of the Association of Business Women in Egypt were told. Maureen Mba, Afreximbank’s Associate Director in Charge of Compliance, who represented the Bank at the conference held in Luxor, […]

Business & Economy

ADM, Cargill to launch soybean plant in Egypt

Archer Daniels Midland Company and Cargill have reached agreement to launch a joint venture to provide soybean meal and oil for customers in Egypt. The joint venture would own and operate the National Vegetable Oil Company soy crush facility in Borg Al-Arab along with related commercial and functional activities, including a separate Switzerland-based merchandising operation that would supply soybeans […]

Business & Economy

Egypt’s IT exports on track to achieve ambitious growth targets – IDC

International Data Corporation (IDC), a global research and consulting firm headquartered out of Framingham, Massachusetts, USA, has initiated a study to understand the global market trends and opportunities for the Egyptian offshoring industry in relation to IT outsourcing (ITO), business process outsourcing (BPO), and knowledge process outsourcing (KPO). IDC’s office in Egypt, managed by Nagia […]

Business & Economy

Telecom Egypt, Orange Data to provide bitstream services

Telecom Egypt has signed an agreement with Orange Data to provide infrastructure and transmission services for three years. The agreement formalizes existing relationships with Orange Data in regards to new services offered through Telecom Egypt’s modernized network, which is based on fiber technology instead of the legacy services offered on the historical copper network. The […]

Business & Economy

Business: Andersen Tax & Legal launches in Egypt

International tax and legal company Andersen launches in Egypt this week as Maher Milad Iskander and Co., an Egyptian tax and legal firm based in Cairo, formally adopts the name Andersen Tax & Legal. Maher Milad Iskander and Co. became a collaborating firm of Andersen Global in July of 2017 and is one of three […]

Business & Economy

Noble Energy to export gas to Egypt

American petroleum and natural gas exploration and production company Noble Energy, Inc. has signed agreements to sell significant quantities of natural gas from the Leviathan and Tamar fields to Dolphinus Holdings Limited to supply gas in Egypt. These agreements, one for natural gas from Leviathan and one for Tamar, each provide for total contract quantities […]

Business & Economy

Egypt: Local Taxi drivers sue Uber, Careem

It seems that everywhere Uber goes, the company finds new challenges. Now there are more wars for Uber to fight in Egypt… Cab wars. Egypt’s local taxi drivers have filed a lawsuit against Uber and Careem — two of the biggest e-hailing platforms in the country — for unfair competition. Their demand is that government should suspend both services. […]

Business Products & Services

Egypt forward Mohamed Salah now African Footballer of the Year

Egypt forward Mohamed Salah was named African Footballer of the Year for 2017 on Thursday, finishing ahead of his Liverpool team mate Sadio Mane of Senegal and Gabon striker Pierre-Emerick Aubameyang. Salah, 25, polled 625 points from a voting panel made up of national team coaches and captains, plus a selection of officials and journalists, […]


Ethiopia outperforms Nigeria, South Africa, Egypt economically

Africa economic giants stumble, as Ethiopia outperforms peers, Africa’s economic giants, Nigeria, South Africa and Egypt, have been stumbling recently. Rising security risks and political instability in Egypt, economic downturn and militancy in Nigeria and escalating political risks in South Africa led to doubts whether the balance between risks and opportunities in these markets is […]

Business & Economy News

Nissan Motors Egypt opens after-sale service centre in Al Shorouk City

In cooperation with El Sabaa Automotive, Nissan Motors Egypt opened an after-sale service centre in Al Shorouk City. This cooperation is within the framework of Nissan’s strategy to expand its service centres in order to cover the country while committing to offer the best after-sale services to its customers. The new centre is located on […]

News Products

Picture of ISIS leading the Egyptians to their death

You will find below, the picture of ISIS members taking the slain Egyptians off to their death. Meanwhile, US has stated that it does not condemn or condone Egypt’s attack on ISIS, otherwise known as the Islamic State.

Features & Reports

Egypt vs ISIS crisis

President Sisi met with Coptic Pope Tawadros II after news of the IS beheadings President Sisi holds urgent meeting of defence chiefs in response to killings 13 of the killed men came from the same village where the men in the picture came from; Al-Our, in Minya

Features & Reports

Egypt develops nuclear power plant with US approval

Russia and Egypt have made it known to the world that they are working together to build Egypt’s first nuclear power plant. The two leaders met in Cairo on February 9-10 to further promote the idea. And do you know how the USA feels about it? This site claims that the United States has signalled that […]

Features & Reports

Egypt and Libya situations tense over IS hostage photos

Egypt is prepared to help its citizens in Libya return home after reports of hostility toward Egyptians in Libya, perpetrated by ISIS, a terror squad that is trying to take offer Libya.

Features & Reports

Egypt’s Sameh Soukry visits Ethiopia amidst tensions

Source: There has been tensions over several issues which concerns Egypt and Ethiopia in recent times. Soukry’s visit to Ethiopia is expected to help resolve some issues.

Features & Reports

Top 5 World News Update: Japan, USA, Nigeria, Egypt…

The following are the top news reports from all over the world today from Japan, Nigeria, USA, and Egypt. Japan PM Abe condemns hostages ‘death’ video Obama announces nuclear deal with India Thailand impeaches Yingluck Shinawatra over rice scheme At least 10 killed in new Egypt protests Boko Haram attacks key Nigeria city

Features & Reports

Africa in for competition regulation

The top ten economies by Gross Domestic Product (GDP) in Africa all have active competition regulation, save for Angola and Nigeria but those countries are in the process of establishing completion law regimes, which are expected to be up and running soon. About twenty countries currently have functional competition law regimes, several more have enacted […]

Business & Economy

AfDB, Asian Infrastructure Investment Bank sign agreement

African Development Bank and Asian Infrastructure Investment Bank have signed a memorandum of understanding to enhance collaboration on sustainable economic development. The mandates and comparative advantages of the two institutions converge around infrastructure development, particularly energy and power, transportation and communication. These key activity areas will provide a framework to foster collaboration in developing programs, […]

Business & Economy

SearchInform enters South African market

SearchInform, a Russian developer of information security systems – has entered the South African market. The Russian company has signed a partnership agreement with Condyn, a local provider of information and security solutions located in Centurion. Condyn will present the SearchInform product in the region. The new partnership will lift the profile of the SearchInform […]

Business & Economy

Nokia, Orange roll out 4G LTE in seven African countries

Nokia and Orange Middle East & Africa are rolling out a Nokia single radio access network and network management technology across seven African countries in a three-year modernization project to prepare for the launch of 4G services. To facilitate the deployment Nokia has set up a dedicated West and Central Africa Support Center for Orange. […]

Business & Economy

Africa’s banking market one of the fastest growing worldwide

A new report released by McKinsey & Company has revealed that the banking markets in Africa are among the most exciting in the world. According to the McKinsey Global Banking report, the continent’s overall banking market is the second-fastest-growing and second most profitable of any global region, and a hotbed of innovation. Nearly 300 million […]

Business & Economy

Business: African Development Bank makes senior management appointments

The President of the African Development Bank, Dr. Akinwumi A. Adesina, is pleased to announce the following Senior Management appointments: Director, Macroeconomic Forecasting and Research Dr. Hanan Morsy The African Development Bank is pleased to announce the appointment of Dr. Hanan Morsy as Director, Macroeconomic Forecasting and Research, with effect from March 12, 2018. Dr. […]

Business & Economy

PWC: African capital markets indicate recovery in 2017 transactions

Overall, African equity capital market transaction volume and value improved in 2017 over 2016. In terms of value, 2017 saw the largest initial public offerings (IPOs) over the trailing five-year period, and an increase in the total value of equity capital market (ECM) transactions of 49% between 2016 and 2017 in US dollar terms. PwC […]

Business & Economy

Africa is world’s second-fastest banking growth and profitability continent – McKinsey

Africa has emerged as the world’s No. 2 banking market in terms of growth and profitability, according to a study by management consulting firm McKinsey and Company. Low banking penetration and income levels, as well as economies that are largely cash-based and viewed as a high credit risk, have long been considered major obstacles to […]

Business & Economy