Rise of gold investment raises bullion sales, workmanship
60% increase in demand for bullion from the beginning of 2019, says Embabi
Daily News Egypt
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Egyptian Arab Land Bank appoints Medhat Kamar as chairperson
Kamar served as the deputy chairperson before Amr Kamal, who just recently resigned from his post, nominated him to take the lead.
Paymob to be present in RiseUpSummit19 with the Cashless experience RiseUpPay
Islam Shawky, Co-founder & CEO of Paymob, will be sharing a speech about the future of digital payments technology for the participants of this important regional event. The session will be taking place on Saturday 7 December at AUC in the 5th Settlement, New Cairo.
Decathlon opens new branch in Egypt
Eyeing expansion in the local market, the French group strives to keep introducing quality products to Egyptian consumers, says Bodhuin
Samih Sawiris takes over Thomas Cook franchise in Germany
Sawiris owns 74.9% of the Raiffeisen Touristik Group, which generates around €3.5bn in sales per year. The group includes Otto brand Reiseland, Thomas Cook Netherlands, and 700 private travel agencies.
Ministry of Planning launches Sharek 2030 mobile app to advertise gov’t projects
The launch of the Sharek 2030 mobile app took place within the activities of the 23rd session of the Cairo International Exhibition for Communications and Technology (CAIRO ICT 2019) which lasted for four days at the Cairo International Exhibition Center in New Cairo.
Private Sector-Led Development in Egypt: IFC
Following the recent Investment for Africa Forum held in Egypt on November 22nd and 23rd, we share highlights of IFC’s approach to private sector development in one of the Middle East’s largest economies.
Oil prices hike ahead of OPEC meeting after large production cuts expectations
Brent increased by $0.75 to $61.57, WTI up by $0.65 to $56.75
Rameda private placement oversubscribed 1.17 fold
Egypt’s second private-sector initial public offering (IPO) of the year, revitalising the country’s lacklustre IPO market, is the largest Egyptian IPO and has been since 2015.
Egypt welcomes Endeavour’s bid for all-share merger with Centamin: El-Molla
El-Molla added on Wednesday that the government had no role in the bid, yet they welcome any new investment in the gold and mineral exploration sector.
Egypt to sign MoU with Dongfeng in January 2020 to manufacture EVs locally: Tawfik
The study will provide information on the investment required for replacement and renovation in line with the technology used at Dongfeng company.
Egypt advances four ranks on CCPI 2019
Major environmental projects contributed to this achievement
Ministers of military production and trade meet to promote local manufacturing
Officials discussed benefiting from 4500 factories of minor and medium industries in 12 governorates
Al-Sisi voices support to his Djibouti counterpart over floods
Both discussed enhancing bilateral cooperation in trade, investment sectors
AOI implemented 600 wastewater treatment plants with EGP18bn in investments
Inauguration of 20 purification plants with capacity of 5,000-10,000 cm³/da
Egypt signs agreement with ITFC to fund commodities imports worth $1.1bn in 2020
The funds are within the $3bn agreement framework between Egypt and ITFC that was signed in January 2018.
Egypt denies reaching agreement over GERD in Cairo meeting
Negotiations to be resumed in Sudan
Shoukry heads to Rome to attend 5th Mediterranean Dialogues forum
FM discussed the Libyan situation with UAE counterpart and Vice-President of the Libyan Presidential Council Fathi Al-Majbari in separate meetings
Egypt launches 3 initiatives to support industry, housing, and boost investments
Interest relief plan to re-operate 5,184 closed factories, industrial activities to be financed with EGP 100bn at 10% interest rate
Several Royal belongings unearthed in Matariya
The blocks include a giant mud brick with engravings dating back to the New Kingdom. The mission is directed by the Ministry of Antiquities, the Georg Steindorff Egyptian Museum of the University of Leipzig, and the Applied Sciences Mainz University.
Endeavour discloses $1.5bn all-share merger with Centamin
Merger to carry significant value in Egypt, says La Mancha Holding Chairperson, Naguib Sawiris
Indian Embassy honours Glimpses of India competition winners
The Indian Embassy in Cairo celebrated 25th year of the ‘Glimpses of India’ painting competition across the governorates.
Egyptian Minister of Petroleum and Mineral Resources: We welcome Endeavour’s desire to acquire Centamin
El Molla told Reuters that his country welcomes the attraction of international companies for gold and minerals exploration
US urges Iraqi government to investigate violence against protestors
Negotiations are under way between political parties and parliamentary blocs to appoint a successor to Prime Minister Adel Abdul Mahdi
Cabinet approves legislation of 87 churches and buildings on connection
The total number of regulated churches is now 1322
Al-Sisi inaugurates development projects in Damietta including DFC
The most dangerous challenge facing Egypt is inside, not outside, says President Al-Sisi
Egypt’s government signs overdue settlement agreements with nine exporting companies
Under this agreement, the government is committed to paying 20% of the dues before the month’s end, 20% during the first quarter of the next fiscal year, and the rest over three years.
La Mancha Holding Welcomes the Proposal to Combine Endeavour with Centamin Plc
La Mancha Holding S.a.r.l., the largest shareholder in Endeavour Mining with a 29.88% stake, welcomes the proposal to combine Endeavour with Centamin plc and agrees that there could be significant benefits arising from such a combination
First Egyptology conference in Munich tackles Ramesside era military system
The inscriptions of Egypt’s most famous wars cover the walls of various temples including Karnak and Luxor, says researcher
Tahya Masr Fund conducts medical examination on 450,000 students
Presidential initiative targets examining 900,000 students