Latest in Day: March 2, 2021 Highlight
Latest in Day: March 2, 2021

Domty reports strong results, net profit of EGP 52.9m in Q4 2020
Company recovers most of its lost market share during 2020

Egypt, Iraq CIT Ministers discuss strengthening cooperation in digital transformation
Egypt to offer training to Iraqi youth at digital innovation centres

Egypt car sales jump 49% y-o-y in January 2021
Passenger car sales increased 71% y-o-y to 14,900 units in January

US, China, EU, G7 main potential tourists export countries for Egypt: EJB
These countries have effectively managed to spread vaccination against COVID-19, says Mohamed Kaoud

Egypt’s Environment Ministry, UAE’s Bee’ah address waste management at NAC
Aim is to reach 80% of waste recycling in Egypt, says Environment Minister

Egypt-Switzerland development cooperation portfolio amounts to $59m
Both countries agree on new cooperation programme 2021-2024

Egypt eyes development of technical education system with focus on Sinai: Madbouly
Egypt set to establish its first complex for technical education in Sinai

Egypt-Italy trade exchange amounts to €3.4bn in 10M 2020: Italian Embassy
Total 1,424 Italian companies operating in Egyptian market

Net foreign assets in Egypt banking sector up EGP 10.7bn in January: CBE
EGP 32.73bn increase in local currency deposits, foreign currency deposits rise to equivalent of about EGP 649.65bn

Art House partners with Cultural Development Fund to present theatrical, musical shows
Egypt can combat extremist ideologies using soft power, says Head of Cultural Development Fund

Egypt keen to promote relations with Sudan in development, construction projects: Al-Sisi
No unlimited negotiations on Ethiopian dam, says Foreign Minister Sameh Shoukry

Egypt, Sudan reiterate call for legally binding agreement on Ethiopia dam
Ethiopia’s unilateral move to commence 2nd filling of GERD reservoir threatens Egypt, Sudan water security

Egypt, Sudan sign military cooperation agreement
Both countries face common challenges, threats to their national security: Egypt army Chief-of-Staff

61st Diyarna Exhibition: Showcasing Egyptian Handicrafts
These products were distinguished by their quality and affordable prices, and included products created by people with disabilities.

Lord Marlesford asks UK government to publish internal review of Muslim Brotherhood
Lord Marlesford also called on the government to reveal their assessment of the conclusions contained in the Muslim Brotherhood Review.

Companies reinstate ambitious expansion plans as COVID-19 repercussions subside
GB Auto plans to spend about EGP 260m in capex during 2021

Palm Hills buys EGP 4.2bn worth stake in its education subsidiary from Mansour-Maghraby
MMID also sells 11% stake in East New Cairo for Real Estate Development to Palm Hills

Egypt launches digital campaign engaging private sector in sustainable future
Egypt’s large ambition for a greener future is based on strong political commitment: Minister Al-Mashat

Birthweight strongly linked to type 2 diabetes risk in adulthood
Weight of 2.5 kg or more associated with lower levels of key glucose regulator hormone

Aswan Forum urges evenhanded access to COVID-19 vaccines, proper healthcare in Africa
African leaders praise role played by Egypt’s President Al-Sisi to advance development, peace in continent

Beltone comes first in February brokerage ranking with EGP 10.9bn transactions
Hermes takes runner-up with EGP 6.2bn, whilst sister company Financial Group falls to sixth

Onsi Sawiris appointed Beltone Financial Chairperson, four depart board
Changes came as part of transferring Beltone Financial’s ownership to Orascom Financial Holding Company, instead of Orascom Investment Holding