Banque Misr plans to launch EGP 500mln new real estate fund
Banque Misr, Egypt’s second largest state-run lender is planning to launch a new real estate investment fund worth…
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Egypt collects EGP 8.8bln from tax evaders over 2.5 years
Egypt's tax authorities have generated 8.8 billion Egyptian pounds ($286 million) from 7,305 tax evasion cases, out…
Chevron profits fall to $5.8 billion in preliminary results for Q2 of 2023
Chevron, the second-largest U.S. oil firm, reported second-quarter earnings on Sunday that its net profit declined…
Egypt receives 3 offers to build $1.6bln phosphate fertilizer factories
Egypt’s General Authority for the Golden Triangle Economic Zone (GTEZ) has received three offers worth $1.6 billion…
UNDP, ITIDA sign new 5-year project to boost digital innovation in Egypt
The United Nations Development Programme (UNDP) and the Information Technology Industry Development Agency (ITIDA)…
Meta’s Threads sees 70% dip in traffic – report
Meta’s social media app Threads has reported a nearly 70 percent decline in the number of daily active users, since…
CIB Egypt bank earns EGP 8bln in Q2
The Commercial International Bank (CIB-Egypt) disclosed on Saturday its profits to reach 7.98 billion Egyptian…
Greece evacuates tourists from Rhodes Island due to land fires
Greek authorities forced to evacuate thousands of tourists from their hotels due to a wildfire on Rhodes Island, as…
Egypt contracts to import 165K tons of sugar
Egypt’s state buyer, the General Authority for Supply Commodities (GASC) and the Egyptian Sugar & Integrated…
McDonald’s dropped tomatoes from Indian menus amid supply shortages
The fast-food chain McDonald's recently made news that they have drop tomatoes from its menu in most of its outlets…