Asia Egypt International

Singapore’s Changi Airports International signs deals to improve Cairo International Airport

Singapore’s Changi Airports International inked Thursday August 17 in Singapore two deals with Cairo Airport Company to jointly develop Cairo International Airport, “Ahram Online” reports, citing the North African country’s Civil Aviation Ministry. The first deal, a consultancy agreement, is passenger-focused and seeks to implement impactful solutions to improve the passenger experience at Cairo International […]

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BRICS currency ‘ridiculous’ idea as China, India disagree even on group’s expansion — economist

A BRICS currency replacing U.S dollar is a ‘ridiculous’ idea, says the top economist who named the group — especially in light of the fact that China and India are not able to even agree on BRICS membership expansion that will shape the organization’s future. The BRICS group has revealed its internal divisions, with India […]

Asia Business Egypt Emerging Markets Headlines International

Egypt, China ink deal to develop drought and salt-tolerant crops

Both Egypt and China’s ministers of Agriculture signed Wednesday August 16 to collaborate on developing drought and salt-tolerant crops to overcome water scarcity and salinity in Egypt as the country confronts the major impacts of climate change, “Ahram Online” reports. Egypt’s El-Sayed El-Quseir and his Chinese counterpart Tang Renjian signed the agreement which the Egyptian […]

Egypt Emerging Markets Headlines

English Premier League to promote Egypt destination this season

The English Premier League (EPL) will this 2023-2024 season promote Egypt as a travel destination as part of the North African country’s efforts to attract more holidaymakers. The Egyptian General Authority for Tourism (EGAT) will run two-minute commercials on big electronic screens in various stadiums hosting EPL games, “Ahram Online” reports. The EGAT plans to […]

Finance Headlines

E-payment leader in Egypt to launch new digital bank by end of 2023

Fawry, Egypt’s leading E-payment solutions provider, will turn its online payment portal “myFawry” into a digital bank in 2023, the country’s stock exchange market indicated Sunday August 13, in a statement. The future bank will provide a variety of financial services, including payments, consumer lending, savings, and investments, the online payment firm indicated. Downloads of […]

Blogs Community Egypt Headlines

Egypt pulls out over 460 peacekeepers from Mali as UN mission is parking out

Over 460 peacekeepers from the Egyptian combat and convoy escort battalion working for United Nations Multidimensional Integrated Stabilization Mission in Mali (MINUSMA) have pulled out of the country as the mission is preparing to complete exit by December 2023. The UN mission said the Egyptian troops “have conducted over a year convoy escorts from Gao […]

Business Egypt Emerging Markets Headlines

Egypt, Turkey keen to boost trade to $15 billion over next five years

Egypt’s Minister of Trade and Industry Ahmed Samir, Tuesday August 1, as he began a trip to Turkey announced that the North African country plans to increase the volume of bilateral trade with Turkey. From $10 billion to $15 billion over the next five years. Samir’s visit (August 1-3) is the first for an Egyptian […]

Business Egypt Finance Headlines

Abu Dhabi Islamic Bank Egypt appoints Egypt’s Minister of International Cooperation Rania Al-Mashat as board member

Abu Dhabi Islamic Bank Egypt (ADIB Egypt) has named Rania Al-Mashat, Egypt’s Minister of International Cooperation as a member of the board of directors. Al-Mashat, Ahram Online reports, received a special waiver from Prime Minister Mostafa Madbouly to serve in the new position while maintaining her portfolio in the Egyptian Cabinet. Abu Dhabi Islamic Bank […]

Business Egypt Emerging Markets Headlines Morocco Tunisia

Morocco, Tunisia, Egypt poised for record tourism year

Morocco, Tunisia, and Egypt are on their way to report a record tourism year in terms of revenue and arrivals as they all shed Covid-19 dust buoyed by growing demand from tourist emitting markets on Mediterranean destinations. Despite the global inflationary context and surge in ticket prices due to the Ukraine-Russia war, Egypt reported 7.7 […]

Blogs Community Egypt Headlines

Egypt extends to three months visa for foreign yachts in bid to boost sector

Egypt has decided to grant foreign yacht tourists three-month visas, as opposed to the previous one-month allowance, in a move to boost the sector. The Ministry of Transport indicated in a statement issued Tuesday July 25 that the move is meant to remove all obstacles facing foreign yacht tourists along the Egyptian coasts and to […]