It was the fourth consecutive month of record highs recorded on the central bank website
Banks in recent months have been tightening the amount of foreign currency clients can use in Egypt and on how much can they can charge to their credit cards while abroad
As the first licensee of consumer finance in Egypt, Contact has played a pivotal role in growing the non-bank credit sector
The meeting reviewed the UAE’s upcoming hosting of the COP28 and the need for advancing collective climate action
The two entities agreed to leverage AD Ports’ cargo handling and storage infrastructure to advance urea and ammonia storage and shipping capabilities
The transaction marks the financial technology firm’s third issuance this year, and the sixth concluded in partnership with EFG Hermes to date
The landmark securitisation programme makes EMRC the first refinance mortgage company to securitise portfolios for mortgage companies in the Egyptian market.
The partnership seeks to provide customers with a comprehensive range of innovative products and services tailored to modern digital payment preferences
Waldorf Astoria Cairo Heliopolis is located close to Cairo International airport
Under the new brand identity, Valu has refreshed its logo, application and overall visual identity to represent the company in a more modern and dynamic way
The group’s CEO explains how they are setting an example for the industry, contributing to UAE’s food security strategy
Al Dahra currently farms 28,000 hectares in Egypt that help sustain the country’s food security by producing staple crops
The group’s revenues in the six months to June 30 surged by 10.3 per cent year-on-year to Dhs2.2bn
The power plant is expected to provide the Egyptian economy with $6.5bn in savings in annual natural gas costs and create up to 120,000 job opportunities
The bank said access to InstaPay App will offer its customers a new level of convenience and flexibility in managing their finances
Financial services embedded into existing business models are no longer optional, but necessary
Yara Yassin, co-founder of Up-fuse, tells us how the slow fashion brand is wasting no opportunity to transform plastics bags, bottles and tyres into trendy fashion accessories
The new-build property is expected to open in early 2025
The flights will operate on Wednesday and Sunday, starting November 1
The direct flights will connect Cairo International Airport with Prince Abdul Mohsin bin Abdulaziz International Airport starting from August 4, 2023
The 300-key voco North Coast is scheduled to open in December 2026
It will operate thrice-weekly nonstop services from Riyadh and Jeddah
The wind farm will help Egypt meet its strategic objective of sourcing 42 per cent of its energy from renewables by 2030
The 283-key Hyatt Centric Cairo West will open in the capital’s Pyramids Heights Business Park
The change in the brand name will not impact the current management structure and reporting lines, day-to-day operations, or the level of support and cross-selling that will continue between the group’s three verticals
The programme allows companies to monetise their receivables at competitive rates and get instant payments, without needing to borrow funds
The group recorded a 129 per cent year-on-year rise in revenue to EGP4.5bn in Q1 2023
The InterContinental West Cairo 205 and voco West Cairo 205 Suites will together add 390 keys to the group’s portfolio in Egypt
The second offering, dedicated to staffers of Telecom Egypt, started on Sunday and will go on until May 25
The property firm said its investment in SODIC was one of the largest foreign investments in the Egyptian real estate sector