Category: Egypt

The latest Pager Egypt news from top publishers.

Exploring Riyadh’s Historical Sites and Cultural Gems

Riyadh is an astounding city steeped in history. It is teeming with awe-inspiring gems concealed within its historical sites. If you are a history buff and intend to delve deep into some of the major landmarks in this country may consider booking air tickets via Flynas as they render impeccable services including dedicated flight attendants and lavish luggage allowance. This...

How Jumping on The Hate Train Fuels Toxic Online Culture

Let’s be honest: when we see someone or something being criticized, we sometimes join the “hate train” without thinking. This happens too often and is usually based on limited information. While holding others accountable is important, jumping on the bandwagon of criticism can be unreasonable and harmful. One major issue with hopping on the hate […] The post How Jumping...

4 Reasons a Relationship Shouldn’t Ruin Your Friendships

When someone meets their life partner, whether during the early stages or after they officially unite and get married, it’s completely understandable that their lifestyle might change and their priorities may shift from when they were single. Spending more time with your loved one and changing plans to fit your needs is understandable and logical […] The post 4 Reasons...

Eid Al-Adha Festivities Overshadowed by High Livestock Costs in Egypt

As Egyptians prepare to celebrate Eid al-Adha and engage in the festive activities accompanying the holiday – such as family gatherings and indulging in savory meals, particularly the traditional sacrificial meat – they are facing unprecedented challenges. With the approaching holiday, interest in the prices of sacrificial animals in the local market has increased in parallel with other prices. Due...

4 Ways to Maximize Your Teen’s Summer Fun

Parents might be just as excited as their children now that finals are over, eagerly looking forward to help them spend their summer in the best way possible. However, boredom can quickly set in, and teens might soon start feeling unproductive. To help, here are four ways to maximize your teen’s summer fun while also […] The post 4 Ways...

Roadmap to Recovery: Egypt’s National Plan Against Drug Abuse

Drug abuse is an issue that impacts many Egyptians, women and men alike. The fight against drug abuse is continuous with the government implementing a national plan to curb drug abuse and promote recovery.  Drug or substance abuse differs from drug addiction. Abusing involves using legal or illegal substances such as alcohol or prescription medicine excessively or improperly, and drug...

4 Local Accessory Brands to Buy Summery Earrings

Summer is definitely here, and it’s time to let your accessories shine! Whether you’re hitting the beach or heading to a party, the right pair of earrings can elevate your look from simple to stunning. Here are four fabulous local brands offering the perfect summer earrings to complete your style. Shiny Earrings:If you’re all about […] The post 4 Local...

Why Every Trend Is Not Worth Following

We live in an era where it’s easy to get swept up in the whirlwind of ever-changing lifestyle and fashion trends. From TikTok challenges to the latest must-have item, trends bombard us daily. However, despite the excitement, some trends are not worth following and can be too consuming. Fashion trends, for instance, often come and […] The post Why Every...

5 Films That Captivated Audiences Ten Years Ago

You might be feeling bored already while scrolling through your Instagram feed. It’s understandable that not all vacation days will be packed with plans. Sometimes, it’s healthy to spend quality alone time doing something that entertains you while feeling relaxed wherever you are. This sparked the idea of revisiting old movies for a movie night […] The post 5 Films...

4 Must-Try Activities for Summer Fun in Cairo

If you’re feeling bored during the last days of this long vacation, there’s still a chance to make the most of it while staying in Cairo. Here are four activities that can bring excitement to your days and capture the essence of summer right at home. Lunch on a Scenic Nile Boat- Zoé Are you […] The post 4 Must-Try...

Egyptian Kickbox Coach Arrested Over Harassment Charges

  Egyptian security services have arrested a famous kickboxing coach for allegedly harassing and assaulting underage girls at a gym in New Cairo’s Fifth Settlement area, local media reports on Thursday, 13 June. The Cairo Security Directorate received reports claiming that a well-known kickboxing coach had assaulted and harassed multiple underage girls at a gym under the Fifth Settlement Police...

4 Brands to Score the Perfect Sunglasses for Every Vibe

Finding the perfect pair of sunglasses is like discovering a hidden gem. Whether you’re heading to a concert, the beach, or a chic brunch spot, there’s a style waiting just for you. Here are 4 brands to score the perfect sunglasses for every vibe: Peer:Their shades scream cool with their 90s frames and reflective lenses. […] The post 4 Brands...

4 Sahel Beach Party Makeup Looks & Inspiration

Get ready to dazzle up for all the beach parties you’re about to attend in the North Coast! Whether dancing under the stars or soaking up the golden rays, you’ll want your makeup to be as spectacular as the surroundings. Here are four fun and fabulous makeup looks to inspire you for your next beach […] The post 4 Sahel...

4 Different Types of Moods During Eid Vacation

Eid days always hit differently than any other vacation, and the prevailing mood during those days is usually quite unique. If you’re a true Egyptian, you will find an actual match of your upcoming week’s overall state in one of these four famous yet different Eid moods. The Festive Mood This mood always takes over […] The post 4 Different...

Your Guide to Build Your Eid Outfit from Local Brands

Have you decided what to wear on your first day of Eid yet? While some consider Eid shopping an old tradition, it remains one of the best ways to maintain the spirit and festive mood of Eid. We’ve compiled a list of local brands that offer the trendiest outfits, ensuring you’ll be perfectly dressed for […] The post Your Guide...

Egypt and Italy Set to Inaugurate Jobs and Migration Center in Cairo

  Minister of Emigration and Expatriates’ Affairs Soha Gendy revealed that Egypt and Italy are set to establish a center for jobs and migration in Cairo, marking a pivotal move in their joint efforts to address irregular migration, according to a statement on Monday, 10 June. During a ceremony commemorating the 78th Italian National Day in Cairo, the minister highlighted...

Opinion| A Political Circus in Israel and Biden Intervenes to Save Netanyahu

Anyone following the quarrels and disputes within the Israeli Cabinet can clearly see the extent of the acrobatic tricks each party performs to achieve its goals. The main scene confirms that Prime Minister Benjamin Netanyahu is exerting all his efforts to maintain his mini-government despite not achieving significant gains in the war against Hamas. He is under tremendous pressure from...

Opinion| A Presidency of Bloodshed: How ‘Baby Butcher Biden’ Kills Thousands of Children in US and Middle East

Throughout the rich tapestry of American history and the diverse array of its 46 presidents, each commander-in-chief has been associated with a moniker reflecting their unique characteristics. This tradition has become so deeply rooted that it is now customary to bestow a title upon every leader of the United States. George Washington, the first president, was dubbed American Fabius for...

El Molla Inspects ERC and EGPC Control Rooms

Minister of Petroleum and Mineral Resources Tarek El Molla inspected the progress of work in the central control rooms of the Egyptian Refining Company (ERC) and the Egyptian General Petroleum Corporation (EGPC). On this occasion, he highlighted the importance of digital transformation efforts in the management and control of refinery systems, in addition to its application in the transportation and...

HSBC named Egypt’s Best Bank for Diversity, Inclusion by Euromoney

HSBC has earned the prestigious title of Best Bank for Diversity and Inclusion in Egypt at the Euromoney Awards for Excellence 2024. This accolade is a testament to HSBC’s commitment to diversity and inclusion, further complemented by a slew of significant regional recognitions, including ‘Best Investment Bank in the Middle East’, ‘Best Bank for Sustainable Finance’, and ‘Best Bank for...

Uptown October announces development of new mall in New 6th of October City

Uptown October has secured 24 land plots from the New Urban Communities Authority for a new commercial venture in the New 6th of October City. The company is set to develop 16 commercial and administrative plots, covering a total area of 70,000 square meters in the Uptown district. This initiative is a part of Uptown October’s broader expansion and development...

Egypt,Türkiye explore deeper trade Ttes as minister meets with Turkish Business Leaders

Egyptian Minister of Trade and Industry Ahmed Samir met with Mustafa Denizli, head of the Turkish side of the Joint Business Council, and members of the Turkish Foreign Economic Relations Board (DEİK) in Istanbul to discuss expanding investment opportunities in Egypt. Samir highlighted the improving Egyptian economy and the significant opportunities it offers Turkish companies in various sectors, including textiles,...

6 Exciting Events Happening This Eid Al-Adha Holiday

While many have already planned how to spend their upcoming Eid vacation, others are still unsure about the best way to spend their days off. They are looking forward to filling their schedules with exciting events to make the most of the holiday. Here is a list of five thrilling events taking place in Cairo, […] The post 6 Exciting...

Egypt’s Fuel, Mineral Oils Exports to Jordan Reach $107M in 2023

Egypt has exported fuel and mineral oils worth $107 million to Jordan in 2023. Meanwhile, Egypt has imported fertilizers worth $105.6 million from Jordan during the same year, according to a press release published by the Central Agency for Public Mobilization and Statistics (CAPMAS). The value of total Egyptian exports to Jordan is $658 million during 2023, compared to $732...

World Day Against Child Labour: Egyp’s Efforts to Address Child Labor

In the bustling heart of Egypt, where industry and modernity intertwine, a concerning reality persists – the exploitation of young, vulnerable hands. For decades, Egypt has worked to address the complex challenge of child labor, and its resolve to combat this issue has only grown stronger over the years. Since the early 2000s, the country has made steady progress in...

Economic Pressures Strain Egypt’s Pharmaceutical Sector Amid Efforts for Stabilization and Growth

Despite Egypt’s strategic reserve of pharmaceuticals, many Egyptians, particularly those with chronic diseases, are struggling to find the life-saving medications they need.  Pharmacists reported that the shortage affects both imported and locally produced drugs, putting patients in precarious situations. Elderly individuals, who often rely on multiple medications, particularly imported ones, have expressed concerns as these medications become increasingly difficult to...

Beach Essentials: 4 Items to Maximize Your Summer Fun

Beach season is finally here, and it’s time to pack your bag with those summery items that add to the fun and excitement of your summer escape. Aside from the no-brainer basics, here are four things to include for maximum enjoyment of your vacation. Beach Bag – Full Slang Your beach experience won’t be complete […] The post Beach Essentials:...

The Supreme Council for Media Regulation to Shut Down All Unlicensed Digital Platforms Within 3 Months

On Tuesday, Karam Gabr, chairman of Egypt’s Supreme Council for Media Regulation, announced the council’s plan to shut down all unlicensed digital platforms within the next three months if they fail to regularize their status.  This directive, initiated several months ago by the President of Egypt, aims to curb the dissemination of content that clashes with “national and religious values”,...

4 Fun Activities to Do with Your Besties

Looking for creative ways to spend quality time with your besties? Whether you love arts and crafts, games, or a bit of both, these activities are perfect for making memories and having fun together. Here are some exciting ideas to try: Bedazzled Phone Cases:Turn plain phone cases into sparkling works of art with a DIY […] The post 4 Fun...

Wood Secures $46M Engineering Contract in Iraq

Wood, a global leader in consulting and engineering company, has been awarded a new $46 million, three-year contract by TotalEnergies in Iraq. According to the contract, Wood will provide front-end engineering design (FEED), detailed design, procurement support, and construction and commissioning assistance for the first phase of the Associated Gas Upstream Project, part of the Gas Growth Integrated Project (GGIP)...

TechnipFMC Secures iEPCI Contract for Xena Phase 3 Development

TechnipFMC has been awarded an integrated Engineering, Procurement, Construction, and Installation (iEPCI) contract by Woodside Energy in Australia. valued in the range of $75-$250 million, the contract entails TechnipFMC to design, manufacture, and install the subsea production system, flexible pipe, and umbilicals for the Xena Infill well (XNA03) to support ongoing production from the Pluto LNG Project. The award follows...

Over 12,000 Egyptian pilgrims receive medical care during Hajj: Health Ministry

The Egyptian Ministry of Health and Population has provided medical examinations and treatments to 12,741 pilgrims through its 24 clinics in Mecca and Medina as part of the Egyptian Medical Mission for Hajj.   Hossam Abdel Ghaffar, the Ministry’s spokesperson, reported that 871 patients were transferred to Saudi hospitals for further care—834 in Mecca and 37 in Medina. All but...

Egypt’s rise as global logistics hub takes centre stage at New Development Bank Seminar

Egypt’s strategic location, infrastructure development, and economic reforms are propelling its transformation into a global logistics hub, a theme that dominated discussions at the third panel of the first New Development Bank seminar held in the country. The panel highlighted Egypt’s role as a vital link in global trade, with its proximity to major shipping lanes, the Suez Canal, and...

Prime Minister reviews advances in localising e-chip, semiconductor industry

Prime Minister Mostafa Madbouly convened a meeting to assess the current progress in establishing a local electronic chip and semiconductor industry. The meeting saw the participation of key figures, including Mohamed Shaker, Minister of Electricity and Renewable Energy; Tarek El-Molla, Minister of Petroleum and Mineral Resources; Amr Talaat, Minister of Communications and Information Technology; and other senior officials from relevant...

Blinken addresses Hamas ceasefire counterproposal, future governance plans for Gaza

US Secretary of State Antony Blinken has remarked that the United States plans to introduce “strategies for governing the Gaza Strip” in the upcoming weeks, following the cessation of Israeli hostilities.   During a joint press conference with Qatari Prime Minister and Foreign Minister Mohammed bin Abdulrahman Al Thani on Wednesday, Blinken noted that Hamas’ reaction to the mediators fell...

SCZONE engages in inaugural New Development Bank forum

Waleid Gamal El-Dein, CEO of the Suez Canal Economic Zone (SCZONE), represented the organization at the inaugural forum of the New Development Bank (NDB), celebrating Egypt’s membership since March 2023. The NDB serves as the financial backbone of the BRICS consortium. Titled “Exploring Horizons,” the forum’s objective was to elucidate the bank’s operational framework, bolster collaboration with governmental and private...

FRA discloses non-banking finance volume for Q1 2024

The Financial Regulatory Authority (FRA) has released figures for non-banking finance at the close of the first quarter of 2024. The FRA’s recent report indicates a significant increase in the balances of loans provided by non-banking entities. In March 2024, the total balance of loans for micro, small, and medium enterprises (MSMEs) surged to EGP 62.8bn, a notable rise from...

MSMEDA, EABA sign MoU to offer new marketing opportunities for Egyptian SMEs in Africa

Basel Rahmi, CEO of the Micro, Small and Medium Enterprises Development Agency (MSMEDA), has reaffirmed the agency’s dedication to fostering partnerships throughout Africa. This initiative is in line with the government’s vision to broaden trade and fortify economic ties with African countries. The commitment was highlighted during the signing of a Memorandum of Understanding (MoU) with the Egyptian African Businessmen’s...

Al-Sisi meets with New Development Bank chief to discuss bilateral cooperation

In a significant meeting on Wednesday, Egypt’s President Abdel Fattah Al-Sisi welcomed Dilma Rousseff, President of the New Development Bank (NDB), along with her delegation. The meeting, attended by Minister of International Cooperation Rania Al-Mashat, and Minister of Finance Mohamed Maait, focused on strengthening the partnership between Egypt and the NDB, the financial pillar of the BRICS bloc.   The...

Egypt’s President Al-Sisi, Equatorial Guinea’s Vice President discuss bilateral cooperation, regional Issues

  Egyptian President Abdel Fattah Al-Sisi met with Teodoro Nguema Obiang Mangue, Vice President of Equatorial Guinea, and his accompanying delegation in Cairo on Wednesday. The delegation included the Ministers of Foreign Affairs, Security, Health, and Agriculture. Vice President Mangue conveyed a letter from President Obiang Nguema Mbasogo expressing deep appreciation for Egypt and extending an invitation to President Al-Sisi...

Welad Rizk 3 ‘El Qadya’: Was It Up to the Hype?

Yesterday, the team behind the cinematic hit ‘Welad Rizk’ celebrated the release of its third part in the presence of its star-studded cast, including Ahmed Ezz, Amr Youssef, Asser Yassin, Karim Kassem, Aly Sobhy, and more. This movie has been the talk of the town since the release of its trailer, but did it live […] The post Welad Rizk...

UAE’s AD Ports Group to invest $4.7m in Egyptian cruise terminals

Egypt signed a series of agreements with UAE’s AD Ports Group on Wednesday to develop and manage cruise terminals in Safaga, Hurghada, and Sharm El Sheikh, marking a significant step in expanding Egypt’s cruise tourism sector. AD Ports Group plans to invest $4.7m over the next 15 years in the three terminals, expected to be operational by 2025. The investment...

Egypt is Russia’s foremost trade partner in Africa: Russian Ambassador

  The bond between Russia and Egypt is a cornerstone of international diplomacy, rooted in a shared history and cultural heritage. Celebrating Russia’s National Day, Daily News Egypt engaged in a profound dialogue with Ambassador Georgiy Borisenko. The conversation spanned the latest updates in the free zone and the concerted efforts to strengthen the ties between the two countries. We...

Contact Financial Holding Ranked Among Egypt’s Top 50 Companies for the Third Consecutive Year

Forbes Middle East has announced its “Top 50 Public Companies in Egypt” list for 2024, and for the third year in a row, Contact Financial Holding has been recognized among this prestigious group. This significant achievement reflects the company’s unwavering commitment to excellence and the success of its strategic direction. Being on this list for three consecutive years clearly indicates...

Egypt Projects Sharp Increase in Tax Revenue Amid Austerity Measures

Egypt is poised for a significant increase in tax revenues for the 2024-25 fiscal year, starting July, driven by austerity measures mandated by the International Monetary Fund (IMF) and other international creditors in exchange for over USD 50 billion (EGP 2.3 trillion) in financial assistance. The draft budget for the 2024-25 fiscal year outlines a projected 32 percent rise in...

The Challenges of Living Alone As an Egyptian Woman

Living alone can be a liberating and empowering experience, offering women a sense of independence and self-reliance. However, it also comes with its own set of challenges in our culture. Here are some common issues that women who live alone in Egypt might relate to: Safety Concerns:Women living alone often have heightened safety awareness. Simple […] The post The Challenges...

Egypt’s President Al-Sisi, Equatorial Guinea’s Vice President discuss bilateral cooperation, regional Issues

Egyptian President Abdel Fattah Al-Sisi met with Teodoro Nguema Obiang Mangue, Vice President of Equatorial Guinea, and his accompanying delegation in Cairo on Wednesday. The delegation included the Ministers of Foreign Affairs, Security, Health, and Agriculture. Vice President Mangue conveyed a letter from President Obiang Nguema Mbasogo expressing deep appreciation for Egypt and extending an invitation to President Al-Sisi to...

Madbouly Follows-Up Maximizing Use of Mineral Resources to Localize Electronic Chip Manufacturing

Prime Minister Mostafa Madbouly chaired a meeting to follow up on efforts to localize the electronic chip and semiconductor industry by exploiting Egypt’s rich mineral resources, in the presence of Minister of Petroleum and Mineral Resources Tarek El Molla. At the beginning of the meeting, Madbouly pointed out the importance of maximizing the added value of Egypt’s mineral wealth. This...

Short Circuits and Fires: The Hidden Risks of Power Cuts

Frequent power outages, part of a load-shedding plan presented by the Egyptian government, are leaving residents frustrated over the disruptions to their daily lives, and the scorching heat they can not evade using an air conditioner or a fan when electricity is out. Amidst this inconvenience, there is also a growing fear of the potential damage to their electrical appliances...

5 Signature Dishes That Make Eid Al-Adha Special

The fun vibes of every Eid are never complete without those special gatherings that bring all your family members together around one table. Engaging in endless conversations with everyone is always complemented by the mouthwatering dishes gracing your feast table. As Egyptians, we take pride in our cooking skills and national cuisine, with every home […] The post 5 Signature...

Egypt aims to cut debt service by 30%, lower debt-to-GDP ratio to 80%: Maait

  Egypt’s Finance Minister, Mohamed Maait, announced that the government aims to reduce the debt service bill to 30% of public expenditures in the medium term. This is part of a broader strategy to lower the country’s debt-to-GDP ratio to 80% by June 2027, he said in a Tuesday press statement. Maait also revealed that the financial performance of the...

EGP 60bn disbursed to exporters since October 2019: Egypt’s Finance Minister

Egypt has disbursed EGP 60bn in export support to companies since October 2019, Finance Minister Mohamed Maait said on Tuesday. In the latest round of disbursements, 360 companies received EGP 5bn under the seventh phase of the immediate cash payment initiative. This phase is expected to be completed by August, with payments made in instalments. “The government is committed to...

New Development Bank eyes $5bn in financings by 2025, prioritizes Egypt, Bangladesh

The New Development Bank (NDB) held its inaugural seminar in Egypt, outlining ambitious plans to expand financing and support sustainable development projects in the country. The bank aims to reach $5bn in financings by 2025, with $1bn allocated to new members Egypt and Bangladesh. During the seminar, Vladimir Kazbekov, NDB Vice President & Chief Operating Officer, announced that the bank’s...

Egypt’s Higher Education Minister pledges deeper cooperation with BRICS at Kazan Summit

Egypt’s Minister of Higher Education and Scientific Research, Ayman Ashour, outlined the country’s ambitious plans for enhanced cooperation with BRICS nations in higher education and scientific research at the 11th meeting of BRICS Higher Education Ministers held in Kazan, Russia. The meeting, attended by Valery Falkov, Minister of Higher Education and Science of the Russian Federation, and Mostafa Refat, Secretary-General...

EFG Hermes advises on Saudi Aramco’s $11bn secondary offering, EMEA’s largest since 2019

EFG Hermes, a leading investment bank in the Middle East and North Africa (MENA), announced Wednesday its successful advisory role in the $11bn secondary public offering of Saudi Aramco, the world’s largest integrated energy and chemicals company, on the Saudi Exchange. This marks the largest secondary offering in the EMEA region since 2000 and the largest equity capital markets (ECM)...

Maridive & Oil Services Announces 12% Growth in Revenues

Maridive & Oil Services has announced that its revenues increased to $16.5 million for the year ending on 31 March 2024, a 12% improvement compared to $14.7 million in the similar period 2023. According to standalone unaudited financial statements for the period ending 31/03/2024, gross profit reached $6.61 million, a 17% rise from $5.56 million a year earlier. Meanwhile, net...

EFG Hermes advises on $515m IPO of Alef Education, 1st UAE EdTech listing

  EFG Hermes, the leading investment bank in the Middle East and North Africa (MENA), announced Wednesday the successful completion of its advisory role on the $515m initial public offering (IPO) of Alef Education Holding (Alef Education) on the Abu Dhabi Securities Exchange (ADX). This marks the first-ever listing of an education technology company in the UAE. EFG Hermes acted...

4 Core Family Traditions During Eid Al-Adha

The occasion of the Eid Al Adha vacation brings everyone together, sparking memories of age-old customs and traditions that have been passed down Egyptian families through subsequent generations. Here are four iconic Eid Al-Adha rituals that most probably take place in your home. Non-stop Cleaning It’s part of every Egyptian mom’s Eid routine to delegate […] The post 4 Core...

4 Series to Watch During Your Eid Break

Eid is the perfect time to unwind, relax, and spoil yourself with some quality screen time. If you’re on the hunt for a captivating series to binge-watch, we’ve got you covered. Here are four must-see shows that will keep you entertained and make your Eid break even more enjoyable. Baby Reindeer:Dive into Richard Gadd’s gripping […] The post 4 Series...

4 Hair Braiding Inspirations to Try This Summer!

Summer is here, and it’s the perfect time to experiment with fresh and fabulous hairstyles. Whether you’re hitting the beach, lounging by the pool, or going on a night out in town, here are four hair-braiding inspirations that will keep you looking chic and cool all summer long. Ponytail of Braids:Why settle for a basic […] The post 4 Hair...

El Molla, Japanese Ambassador Discuss the Japan-Arab Economic Forum

Minister of Petroleum and Mineral Resources Tarek El Molla has met with the Japanese Ambassador in Cairo Oka Hiroshi. The meeting tackled arrangements for the Japan-Arab Economic Forum, which will be held in the Japanese capital, Tokyo, on July 10th over the course of two days. During the meeting, El Molla highlighted the depth and strength of relations between Egypt...

Eni Sells 10% of Saipem at 1.970 Euros Per Share

Italian energy company Eni has completed the sale of 10% of the share capital of oilfield group Saipem at 1.970 euros per share for a total value of 393 million euros ($421.96 million). The sale was launched late on Tuesday through an accelerated bookbuilding procedure. Following the sale, Eni’s stake in Saipem’s capital became around 21.19%, of which some 12.5%...

In Shape on a Shoestring: Staying in Shape on Your Summer Getaway

We have all been aware of the fitness craze sweeping across Egypt’s popular summer destinations. From the glitzy beach fitness clubs of the North Coast to the trendy hubs of El Gouna, fitness centers and CrossFit gyms have been popping up, offering the latest workout crazes.  However, with membership fees that can quickly add up, accessing these facilities may not...

4 Cool Hangout Spots in North Coast during Eid

Eid celebrations are all about joy, togetherness, and some well-deserved relaxation. If you find yourself in North Coast this Eid, you’re in for a treat. From savory bites to vibrant nightlife, here are four must-visit spots that promise to make your holiday memorable. BTB – Marassi:After a refreshing swim in Marassi’s waters, head to BTB. […] The post 4 Cool...

SODIC, Marriott International to debut Tribute Portfolio brand in Egypt with 2 new hotels

  SODIC, a leading Egyptian real estate developer, and Marriott International have signed an agreement to introduce the Tribute Portfolio brand to Egypt with two new hotels. The hotels, slated to open in West Cairo in 2027 and on the North Coast in 2029, will join Tribute Portfolio’s growing global network of independent hotels known for their distinctive designs and...

ASALDI Properties completes 1st phase sales of Shades commercial project in New Cairo

  ASALDI Properties has announced the successful completion of the first phase of sales of its inaugural commercial project, Shades, in New Cairo. The project has secured leases for 85% of its retail spaces and sold over 50% of its administrative offices in this initial phase. Shades aims to provide a unique commercial experience in New Cairo, bringing together renowned...

Egypt’s top 100 borrowers hold EGP 821bn in credit facilities: CBE

Outstanding credit facilities extended to the top 100 borrowers in Egypt reached EGP 821bn as of June 2023, according to the Central Bank of Egypt’s (CBE) semi-annual Financial Stability Report for the first half of the year. This marks an 18.4% increase from December 2022 and a 15% increase from June 2022. The construction sector accounted for the largest share...

Egypt seeks to expand development financing through New Development Bank seminar: Al-Mashat

Egypt is eager to diversify its economic partnerships through closer collaboration with the New Development Bank (NDB), according to Minister of International Cooperation Rania Al-Mashat. Speaking at the inaugural session of the NDB seminar in Cairo, themed “Navigating New Horizons,” Al-Mashat emphasized the significance of the event as the first of its kind held outside the bank’s founding countries. The...

Egypt’s Water Research, Space Agencies join forces to tackle water challenges

  Egypt’s National Authority for Remote Sensing and Space Sciences (NARSS) and the National Water Research Center (NWRC) have signed a joint cooperation protocol to bolster national efforts in water resource management and development. The protocol, announced at a workshop on Tuesday, aims to leverage the expertise of both institutions to address Egypt’s water challenges. Islam Abu Al-Majd, Chairperson of...

Gaza death toll rises to 37,164, injuries hit 84,832 amid ongoing Israeli attacks

The Ministry of Health in Gaza announced that the Israeli occupation army committed three massacres against families in the Gaza Strip, including 40 dead and 120 injured in hospitals during the past 24 hours. According to the Ministry, several victims are still under the rubble and on the roads, and ambulance and civil defence crews cannot reach them. Thus, the...

UN Security Council Passes US Resolution Urging Urgent and Total Ceasefire

  The UN Security Council endorsed a resolution to achieve a comprehensive ceasefire in Gaza, through a three-phase plan on Monday, 10 June. President Biden described the agreement as more than a temporary ceasefire, emphasizing its potential to bring about a lasting resolution to the war, stating it would ensure a “durable end to the war.” Approved overwhelmingly with 14...

New Development Bank pledges support for Egypt’s development goals

The New Development Bank (NDB) is committed to supporting Egypt’s development goals through financing and technical assistance, NDB President Dilma Rousseff said during the bank’s first seminar in Egypt, held under the theme “Navigating New Horizons.” Rousseff praised Egypt’s “pioneering experience” in national projects aimed at supporting the local economy and aligning with sustainable development goals. She cited the New...

Amman Summit for Gaza demands end to Israel’s usage of starvation as warfare weapon

Participants in the Gaza Emergency Humanitarian Response Conference called for allowing humanitarian aid to enter the Gaza Strip and to put pressure on Israel not to use the starvation of civilians as a method of warfare against the residents of the Gaza Strip. They stressed that there is no safe zone in Gaza. Egyptian President Abdel Fattah Al-Sisi squarely placed...

Egypt, Equatorial Guinea strengthen cooperation in security, trade, infrastructure

Egypt and Equatorial Guinea held high-level talks in the New Administrative Capital on Tuesday, focusing on expanding cooperation across various sectors. Prime Minister Mostafa Madbouly led the Egyptian delegation, which included several ministers and officials, while Teodoro Obiang Nguema Mbasogo, Vice President of Equatorial Guinea, headed the visiting delegation. Prime Minister Madbouly reiterated Egypt’s commitment to supporting Equatorial Guinea’s economic...

Egyptair, Etihad to deepen ties to enhance travel options

  Egyptair, the state-owned flag carrier of Egypt and Etihad Airways, the national airline of the UAE have signed a memorandum of understanding (MoU) to strengthen their commercial and operational partnership. The agreement, which is subject to regulatory approvals, aims to provide travellers with more choices, improved services, and greater value. The enhanced partnership will build upon the existing codeshare...

BRICS Foreign Ministers Back Russia’s 2024 Chairmanship, Vow to Strengthen Cooperation

BRICS foreign ministers, meeting in Nizhny Novgorod, have voiced their full support for Russia’s chairmanship of the group in 2024 under the theme “Strengthening Multilateralism for Just Global Development and Security.” The two-day event, chaired by Russian Foreign Minister Sergey Lavrov, included representatives from both BRICS member states and partner countries. In a joint statement, the ministers reaffirmed their commitment...

Russia to Host 4th BRICS Solutions Awards Competition

Russia will host the fourth BRICS Solutions Awards competition to showcase the best technological solutions and practices from BRICS countries. Organised by the Agency for Strategic Initiatives (ASI) in collaboration with the Russian Chamber of Commerce and Industry, the competition will be held with the support of the BRICS Business Council. BRICS Solutions Awards’ participants can submit projects in eight categories,...

Moscow to showcase best practices at International Municipal BRICS Forum

Moscow will host the International Municipal BRICS Forum on August 27-28, showcasing its best practices in urban development, Sergey Cheremin, Head of the Department for External Economic and International Relations of Moscow, announced. The forum is expected to attract representatives from all Russian regions and over 200 cities across the CIS, Africa, Latin America, the Middle East, and Asia, TV BRICS reported. Participants will...

Egypt hosts first New Development Bank international forum in New Administrative Capital

Egyptian Prime Minister Mostafa Madbouly participated in the opening session of the first international forum of the New Development Bank (NDB) in Egypt on Tuesday, under the auspices of President Abdel Fattah Al-Sisi.   The two-day event, held in the New Administrative Capital under the slogan “Exploring New Horizons,” brought together a high-level delegation from the bank, led by its...

EFG Hermes advises on $147m listing of Beyout Investment Group on Boursa Kuwait’s Premier Market

EFG Hermes, the leading investment bank in the Middle East and North Africa (MENA), announced today that its investment banking division successfully advised on the $147m (KWD 45m) listing of Beyout Investment Group Holding Company K.S.C. (BIG) on Boursa Kuwait’s Premier Market. The transaction marks the first listing on the exchange in two years.   EFG Hermes UAE acted as...

Madbouly, Rousseff highlight Egypt’s urban development success at NDB Forum

  Egypt’s Prime Minister Mostafa Madbouly met with Dilma Rousseff, President of the New Development Bank (NDB), at the bank’s first international forum held in Egypt’s New Administrative Capital. The forum, held under the auspices of President Abdel Fattah Al-Sisi, showcased the bank’s diverse activities, including mechanisms to support the private sector, provide concessional financing, and offer technical assistance to...

Egypt’s National Council for Women to Create a Women’s Museum

Egypt’s National Council for Women (NCW) unveiled plans to establish an Egyptian Women’s Museum, following a directive from President Abdel Fattah Al-Sisi. The museum aims to document and celebrate the contributions of Egyptian women throughout history. The announcement was made during the council’s regular meeting, reported by state media on 9 June. Maya Morsy, chairwoman of the NCW, explained during...

5 Underrated Honeymoon Destinations to Consider

To all the brides and grooms-to-be planning their big day over the next couple of months, finalizing wedding details and home decor, one other thing that often requires weeks of planning is definitely the honeymoon destination. While many opt for popular and heavily promoted locations like the Maldives or trendy Bali, we’ve compiled a list […] The post 5 Underrated...

FM Sameh Shoukry: Egypt Treated Over 85,000 Palestinians Since 7 October

Egypt’s Minister of Foreign Affairs Sameh Shoukry revealed on 11 June that the country has provided medical treatment to over 85,000 Palestinians since the conflict in Gaza began on 7 October 2023. The statement, which came during the Urgent Humanitarian Response for Gaza Conference, was reported in a ministerial Facebook post. Shoukry added that, since 7 October, Egypt has delivered...

Unpopular Opinions in Marriage That Deserve Attention

Marriage is often romanticized as a perfect union where two souls merge together. But let’s be real—marriage is not always glitter and gold and is more complex than a fairy tale. Here are some unpopular opinions that are often overlooked after the happily ever after.  Marriage Is Not Always 50/50:The idea that marriage is a […] The post Unpopular Opinions...

Trailblazing Arab Women Redefining Architecture and Urban Planning

From the historic streets of Egypt to the vibrant regions of Algeria and Palestine, a new generation of Arab architects are making waves in the fields of architecture and urban planning.  These pioneering professionals are not only challenging the status quo but also introducing new ways of designing and shaping the spaces and buildings around us. May Al-Ibrashy, a conservation...

Unforgiving Heatwave in Egypt’s Aswan Results in 40 Deaths

Egypt’s southern city of Aswan recorded 40 deaths in the past week caused by a severe heatwave, raising parliamentarian concerns over shelter and electricity capabilities. Egyptian member of parliament Reham Abdelnabi raised the issue to her fellow MPs after the city recorded a scorching 49.6 degrees Celsius – one of the highest temperatures ever recorded in the area. Abdelnabi urged...

New Development Bank inaugural seminar opens in Egypt with Prime Minister in attendance

The New Development Bank (NDB) inaugurated its first seminar in Egypt on Tuesday, attended by Egyptian Prime Minister Mostafa Madbouly, Minister of International Cooperation Rania Al-Mashat, NDB President Dilma Rousseff, and other senior government officials, international institution representatives, and development partners. The seminar, jointly organised by the Ministry of International Cooperation and the NDB, aims to introduce the bank’s operations,...

Baker Hughes Secures Integrated Solutions Contract for Petrobras’ Offshore Fields

US Baker Hughes, an energy technology company, has been awarded a deal from petrobras for workover and plug and abandonment (P&A) services in pre-salt and post-salt fields offshore Brazil. As per the multi-year project set to start in the first half of 2025,  Baker Hughes will deploy its integrated solutions to optimize performance for Petrobras, including wireline, coiled tubing, cementing ...

ADNOC Fully Redeems Exchangeable Bonds in ADNOC Distribution

ADNOC has said that it has redeemed in full its US dollar-denominated senior unsecured bonds (Exchangeable Bonds) in ADNOC Distribution, maintaining a stable shareholding level in ADNOC Distribution following maturity of the Exchangeable Bonds. The company paid Bondholders a total amount of $1.199 billion in cash on June 4, 2024, retaining full ownership of the underlying ADNOC Distribution shares. The...

Egypt’s Inflation Slows to 18-Month Low

Egypt’s inflation rate decelerated to its slowest pace in a year and a half, despite significant currency devaluation and a historic increase in subsidized bread prices, according to a press release by the country’s central bank (CBE). The country’s core inflation rate – which measures consumer prices in several essential goods and services – reached 27.1 percent in May, compared...

EMRA, East Gas, IMEX Sign Shareholders’ Agreement to Establish New Company

Minister of Petroleum and Mineral Resources Tarek El Molla has witnessed the signing of the shareholders’ agreement to establish a company to maximize the added value of low-concentration phosphate ores between the Egyptian Mineral Resources Authority (EMRA), the East Gas Company, and IMEX International. El Molla confirmed that this signing comes for an important project that achieves added value by...

Blinken Talks Gaza with Sisi During Egypt Visit

United States (US) Secretary of State Antony Blinken met with Egyptian President Abdel Fattah Al-Sisi, on 10 June, to discuss the Gaza and ongoing ceasefire developments, a presidential press release reported. Egypt’s Director of the General Intelligence Service Abbas Kamel – an ever-present figure during high-level ceasefire talks – was also present during the meeting. “The meeting reviewed the latest...

Egypt stands as pivotal strategic partner for South Korea in Africa: Ambassador Kim Yonghyon

Egypt stands as a pivotal strategic partner for South Korea within the African continent. Currently, over 40 Korean enterprises span across various sectors within Egypt, showcasing the robust commercial synergy between the two nations. The trade volume between Egypt and South Korea is on a trajectory towards recovery in 2024, buoyed by the recent positive shifts in Egypt’s economic landscape....

Egypt’s PM: Eid Al-Adha Vacation from 15 to 20 June

Eid Al-Adha, one of Islam’s main holidays, is set to commence on Saturday, 15 June 2024, according to an official announcement from Egypt’s Prime Minister Mostafa Madbouly. “[Eid Al-Adha] is an official paid holiday for employees in ministries, government agencies, public authorities, local administration units, public sector companies, and public business sector companies,” a ministerial press release published on Facebook...

CI Capital completes securitization bond issuance worth EGP 1.04bn for Aman Consumer Finance

CI Capital has completed a securitization bond issuance for Aman Securitization, with Aman Consumer Finance as the originator and portfolio manager. This issuance, valued at EGP 1.04bn, is the fourth within the first program, spanning three years and totalling EGP 5bn. The issuance is divided into four tranches: First tranche: EGP 493m, maturity of 6 months. Second tranche: EGP 246m,...

EGP 44bn designated for domestic wheat purchases from farmers: Finance Minister

Finance Minister Mohamed Maait has announced the allocation of approximately EGP 44bn for the procurement of domestically grown wheat from farmers thus far. This funding aligns with the government’s pledge to bolster farmers, lighten their financial load, and thereby invigorate agricultural production and investment. The initiative stands as a cornerstone in the newly proposed budget, earmarking EGP 40.5bn to fortify...

MSMEDA allocates EGP 51bn to empower 3 million entrepreneurs over 10 years

Basil Rahmi, CEO of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), revealed that from 2014 to 2024, the agency has injected EGP 51bn into the economy, directly benefiting 3 million clients. Notably, 47% of these funds were directed to Upper Egypt, with women entrepreneurs receiving 45% of the total allocation. Rahmi made this announcement at a seminar hosted...

Attal Properties unveils ‘The 101’ project in Mostakbal City with EGP 25bn investment

Attal Properties, a leading real estate developer in Egypt, has launched its flagship project, ‘The 101’, in collaboration with Arab Contractors Company. The project boasts an impressive investment of EGP 25bn. Situated in the prime location of Plot No. 1 in Phase 1 of Mostakbal City, New Cairo, ‘The 101’ is aptly named after its expansive area of 101 feddans...

Egypt’s Al-Mashat, New Development Bank’s President explore investment opportunities ahead of inaugural seminar

Egypt’s Minister of International Cooperation, Rania Al-Mashat, met with Dilma Rousseff, President of the New Development Bank (NDB) and former President of Brazil, at the Ministry’s headquarters in the New Administrative Capital on Monday. The meeting, held ahead of the NDB’s inaugural seminar in Egypt, focused on areas of potential cooperation and investment opportunities. Rousseff emphasised Egypt’s strategic importance as...