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Careem invests $120 mln in developing its services in Egypt
Careem, the region’s leading app-based car booking service, is planning to pump $100-120 million investments in the…
Egypt’s central bank studying new foreign banking licences
Egypt is studying opening a new round of foreign bank licencing in the coming period, a senior central bank source,…
Egypt, Austria sign agreement on railway machinery factory
President Abdel Fatah al-Sisi and Austrian Chancellor Sebastian Kurz witnessed on Monday the signing of 10…
Egypt to ‘revolutionary’ develop its taxation system by mid-2020
Minister of Finance, Mohamed Moeit, said that his ministry will revolutionary develop its taxation system over the…
Al Ahly Holding, Al Ghurair Group, Murban sign $1bn deal to build world’s largest…
Al Ahly Capital Holding, the investment arm of the National Bank of Egypt, successfully signed a $1bn deal with Al…
Egypt’s petroleum exports jump 5% in 1st 9 months of 2018
Egypt’s petroleum exports increased 5 percent during the first nine months of 2018, recording $1.85 billion,…
Saudi-Egypt power network in ‘final’ stages: official
Saudi-Egypt power grid link has reached an advanced stage, Saudi Press Agency reported, citing Abdullah Al-Shehri,…
Egypt’s Sisi discusses regional issues, economic ties with Austrian President in…
Egypt’s President Abdel-Fattah El-Sisi met on Monday with his Austrian counterpart Alexander Van der Bellen in…
Unified digital economy strategy to raise Arab world GDP to $5 trillion – adviser
The Arab digital economy strategy, launched in Abu Dhabi on Sunday, aims to double the Arab world’s GDP from $2.6…
Egypt digital industry seen doubling to 8% of GDP
Digital economy industry in Egypt accounts for around 4 percent of its GDP, yet it is expected that the digital…