Shaimaa Al-Aees

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AfDB, EIB sign action plan to fast-track development in Africa

AfDB, EIB sign action plan to fast-track development in Africa

The African Development Bank (AfDB) and the European Investment Bank (EIB) signed, on Wednesday, a joint partnership action plan highlighting their strengthened cooperation and mutual development priorities. The partnership also aims to showcase a strong shared emphasis on boosting public and private sector investment in Africa. The Joint Action Plan enables both institutions to grow …

Shaimaa Al-Aees

Shortage of iron billets hits rolling mills locally

Shortage of iron billets hits rolling mills locally

Rolling mills in Egypt are currently suffering from low availability of iron billets production locally. The hiccup in supply has forced factory closures due to their commitment to workers, as well as their bank obligations that require them to fulfil a guarantee of factory operations. Tarek El-Gioushy, member of the Chamber of Metallurgical Industries at …

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1,336 communications sector firms worth EGP 1.34bn established in FY 2019/20: EJB

1,336 communications sector firms worth EGP 1.34bn established in FY 2019/20: EJB

A total of 1,336 communications sector companies, worth a combined EGP 1.34bn, were established in fiscal year (FY) 2019/20, according to Sherif Makhlouf, head of the Egyptian Junior Business Association’s (EJB) communication committee. According to the committee’s annual report for 2020, the number of mobile phone subscribers increased by 0.8% to 96 million in October …

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Eastern Developments Chairperson Mohamed Talaat Abu El-Nasr

Eastern Developments introduces EGP 3bn Genova project in Sheikh Zayed

Eastern Developments intends to launch its new Genova residential project, located in Sheikh Zayed, with investments worth EGP 3bn this month. Eastern Developments Chairperson Mohamed Talaat Abu El-Nasr said that the project is spread over ​​an area of 20 feddan, and that the project masterplan has had all approvals issued. At a press conference on …

Shaimaa Al-Aees