business
US-Saudi consortium to invest $3bn in amusement park complex at Egypt’s Matrouh
Egypt
November 13, 2017
US-Saudi consortium to invest $3bn in amusement park complex at Egypt’s Matrouh
A consortium of unnamed US and Saudi companies are investing US $3 billion in an amusement park complex in the…
Is Egypt reaching its aspired economic goals 1 year after the currency float?
Features/Interviews
November 3, 2017
Is Egypt reaching its aspired economic goals 1 year after the currency float?
One year after Egypt took the dramatic step of floating its pound, inflation is still taking its toll on the…
Edita launches first ever donut line in Egypt
Business
October 25, 2017
Edita launches first ever donut line in Egypt
Egypt’s largest snack-food producer, Edita, is begining the first ever donut line in Egypt at its new E08 factory in Sixth of…
Egypt’s central bank considers obligating banks to classify loans and deposits by gender
Economy
September 15, 2017
Egypt’s central bank considers obligating banks to classify loans and deposits by gender
Egypt’s central bank is considering requiring banks to report the breakdown of their loan and deposit figures according to the…
Alwaleed bin Talal to invest in the $50 million ‘Egypt Ventures’ fund
Economy
August 14, 2017
Alwaleed bin Talal to invest in the $50 million ‘Egypt Ventures’ fund
Global Saudi investor and businessman Al Waleed bin Talal plans to invest in the Investment Ministry’s $50 million development fund,…
Cairo has second largest number of millionaires in Africa: Report
Egypt
July 26, 2017
Cairo has second largest number of millionaires in Africa: Report
Cairo has the second largest number of high net-worth individuals (HNWI) in Africa, coming in right after South Africa’s Johannesburg,…
Forbes lists CBE Deputy Governor Lobna Helal as 2nd most powerful Arab businesswoman
Business
July 24, 2017
Forbes lists CBE Deputy Governor Lobna Helal as 2nd most powerful Arab businesswoman
Forbes Middle East ranked Egypt’s Deputy Central Bank Governor Lobna Helal, as the second most powerful Arab businesswomen. “Helal is…
China clamping down on use of VPNs to evade Great Firewall
World
July 20, 2017
China clamping down on use of VPNs to evade Great Firewall
China is tightening control over foreign companies’ internet use as part of a crackdown on technology that allows web surfers…
Amazon completes acquisition of e-commerce firm Souq.com
Business
July 4, 2017
Amazon completes acquisition of e-commerce firm Souq.com
The Dubai-based online retailer Souq.com announced on Monday that its sale to e-commerce giant Amazon has been completed. The $650…
Egypt’s inflation falls for first time since currency float
Economy
June 8, 2017
Egypt’s inflation falls for first time since currency float
Egypt’s annual consumer price inflation fell to 30.9 percent in May, compared to 32.9 percent in April, the Central Agency…