15:25
cairo, gmt + 2
19 May
Sunday, 2024
Sun, 19 May 2024 - 01:13 GMT
Orange Egypt has announced the commencement of submissions for the Orange Social Venture Prize 2024. This prestigious competition invites three Egyptian startup businesses to vie against enterprises from the Middle East and Africa for a share of €50,000 in rewards.
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Be Social
During the meeting, the two parties discussed cooperation mechanisms for environmental and climate policies. Fouad stressed that this meeting was a continuation of the bilateral discussions with the IMF to enhance coordination and cooperation frameworks for environmental and climate policies in Egypt.
Emphasizing Egypt’s commitment to fostering entrepreneurship, Madbouly highlighted the establishment of a dedicated unit for entrepreneurship and emerging companies.
Madbouly highlighted the government's strategic focus on expanding Egypt's industrial sector and positioning the country as a regional industrial hub, during a televised address on his visit to Beni Suef Governorate
He stated that 40 startups in Cairo and Giza raised $40 million in investments over the past two years and over 55 startups were incubated in the governorate-based centers
Trading on securities reported Egyptian investors as net buyers with LE 378.80 million. Foreign and Arab investors were net sellers with LE 363.78 million and LE 15.01 million, respectively
BMI Research, a subsidiary of Fitch Solutions, revised its forecast for Egypt’s growth in the current and coming fiscal years, displaying cautious optimism as it expects stronger growth in investment spending for FY2024/2025
The meeting emphasized the importance of injecting investments into multiple sectors and highlighted the potential for capitalizing on the available opportunities within the Egyptian market.
The new app will prioritize safety, with possible security measures such as surveillance cameras inside and outside of the vehicle and GPS devices to monitor speed and location
The draft law incorporates several elements that aim to achieve the objectives outlined in the state ownership policy document.
EBRD anticipates the economy to recover in 2025, expecting an uptick to 4.4 percent while forecasting a climb to 4 percent for the coming fiscal year
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