First Independent Mena Newspaper
Egypt has begun the construction of its first integrated fishing port in the city of Rosetta, on the Mediterranean, “Egypt Today” reports. The project, valued at $19.4 million, will feature a quay whose capacity is 60 fishing boats per hour, and another dedicated to maintenance. The quay will be equipped with a tugboat whose capacity […]
Egyptian State-owned “Banque Misr” has signed an agreement with food delivery services provider Talabat Egypt to offer financial and non-financial services to Micro and Small businesses (MSMes), per a press release issued Monday. According to the agreement, Talabat Egypt’s partners will receive concessional financing of up to EGP 2 million ($65,000) needed for their micro […]
Saudi Arabia-based venture studio VMS has acquired a minority stake in Egyptian start-up accelerator ‘Cash Cows’ as part of a strategic partnership agreement aimed at supporting the entrepreneurial ecosystem in both countries, reports say. ‘Cash Cows’ in a press release indicated that the partnership aims to bring together resources, expertise and support to help the […]
The Egyptian legislature green-lighted Wednesday a signed agreement between the Government and the Japan International Cooperation Agency (JICA) in which the Japanese agency will provide funds for the country’s Universal Health Insurance System (UHIS), Ahram Online reports. Egypt and JICA inked an agreement in March 2023 for the Japanese agency to provide a loan of […]
South Korea is considering investing in multiple areas in Niger, chairman of the Asian country’s Private employers’ Council told President Mohamed Bazoum. Chey Tae won “Anthony” who also doubles as Chairman of SK Inc., a holding and IT services company headquartered in Seoul, met with the Nigerien leader in Paris. Both sides, according to the […]
India’s leader Narendra Modi will visit Egypt Saturday – his first- and looks forward to advancing partnership between the two countries. Modi’s visit follows that of Egyptian leader Abdelfattah Al-Sisi to the Asian giant last January, at the invitation of the Indian leader himself. “We had the pleasure of receiving President al-Sisi as the chief […]
The Egyptian Transport ministry signed on the 19th of June a Memorandum of Understanding (MoU) with an International/Egyptian alliance to set up a consulting firm that will provide consulting services in the fields of transportation projects. The Egyptian-French consortium comprises French Aegis Alliance, the International Consulting Company (Sestra) and Shaker Engineering Company. The new firm, […]
Egypt signed Sunday a five-year agreement with the International Finance Corporation (IFC) to advise on its Initial Public Offering (IPO) program under which dozens of state-run companies will be listed on the stock market. The World Bank’s for the Empowerment of the Private Sector will act as a strategic advisor to the government for the […]
Five African leaders seeking to help bring an end to the war in Ukraine arrived in Kyiv on a peace mission on Friday (16 June) as the Ukrainian capital city was rocked by explosions and the blaring of air raid sirens. Last month, South African President Cyril Ramaphosa had indicated that his Russian and Ukrainian […]
Egypt’s President Abdelfattah al-Sisi inaugurated Thursday the Tahya Misr multipurpose maritime Terminal in Alexandria as part of plans to develop local ports, local media “Ahram Online” reports. The Tahya Misr multipurpose maritime Terminal will play a vital role in transforming the Port of Alexandria into a regional and global hub for trade and logistics, the […]