First Independent Mena Newspaper
The Central Bank of Egypt (CBE) has handpicked Barclays Bank as an international sell-side advisor for the sale of its 99% stake in the state-owned United Bank, Egypt Today reports. Barclays will work alongside local financial advisor, CI Capital, the media also notes. United Bank is one of the 32 state-owned companies the Egyptian government […]
Egypt’s Health ministry and GlaxoSmithKline plc (GSK), a British multinational pharmaceutical and biotechnology company, have signed an agreement to improve health in the Arab country. The agreement encompasses several key areas, including increased public awareness campaigns and specialized training for professionals in the field of child and elderly immunizations, the ministry’s official spokesman Hossam Abdel-Ghaffar […]
Air Serbia, Serbia’s national carrier, resumed last Monday direct flights between Belgrade and Cairo following three years of suspension owing to the COVID-19 pandemic. Egypt’s Ministry of Tourism and Antiquities made the announcement Tuesday, Ahram Online reports. “Egypt’s rich culture and history attract tourists from all over the world, and its climate makes it an […]
EgyptAir has signed a long-term agreement with the travel technology specialist Amadeus to boost flight reservation systems, the airline said in a statement on Monday. “Amadeus is in a position to support Egyptair throughout its digital transformation, allowing us to provide customers with a best-in-class travel experience,” Yehia Zakaria, chief executive, Egyptair Group, said. “Once […]
Egypt’s Financial Regulatory Authority’s (FRA) has launched the country’s first gold investment and first ever minerals investment Fund. The fund is part of the FRA’s plans to support the government’s efforts to boost financial and investment inclusion and develop an inclusive non-banking financial sector with a catalytic role in enhancing the economy, Arab Finance reports. […]
Egypt’s Health Minister Khaled Abdel Ghaffar and his Portuguese counterpart Manuel Pizarro signed Thursday a cooperation protocol to upgrade health and pharmaceutical sectors, Egypt Independent reports. There are no details about the agreement but Ghaffar reportedly indicated that the visit of his Portuguese counterpart and his delegation aims at deepening the partnership and cooperation in […]
The Egyptian government Wednesday approved temporarily a draft decree exempting travelers who bring gold from customs duties and other fees except value-added tax (VAT), reports say. The draft is applicable to semi-manufactured gold, gold prepared for currency-trade, and jewelry parts made or coated with a layer of precious metals. It is however unclear how much […]
The healthcare sub-fund of The Sovereign Fund of Egypt (TSFE) and B Investments company have entered into a partnership with El-Ezaby pharmacy chain to launch a new venture tasked to provide business-to-business (B2B) services in the Egyptian pharmaceutical sector, Ahram Online reports. The company, named EZ International, will provide pharmaceutical companies in Egypt with a […]
Egyptian capital Cairo will host in November 2024 the 12th World Urban Forum (WUF), the world’s largest event to address urban development challenges. The event hosting-related agreement was signed by Egyptian Prime Minister Mostafa Madbouly and Maimunah Mohd Sharif, Executive Director of UN-Habitat, WUF said in a statement. “We are proud to be hosting the […]
Egypt took over from Morocco the co-presidency of the Global Counterterrorism Forum (GCTF). The Arab country will co-chair the forum with the European Union, GCTF said Thursday during a ceremony held in the Egyptian capital, Cairo. “We are honored to be hosting the first GCTF Coordinating Committee meeting, co-chaired with the European Union, in which […]