Patrick George Zaky released pending trial over false news, disrupting social peace

Tue, 07 Dec 2021 - 06:33 GMT

Patrick George Zaky, an Egyptian researcher studying in Italy, has been released pending a trial over spreading false news detrimental to social peace.

Egyptian economy to be 2nd largest Arab, African economy by 2022: IMF

Tue, 07 Dec 2021 - 04:59 GMT

The report indicated that the IMF’s expectations indicate an increase in total revenues as a percentage of gross domestic product (GDP), to record 18.6 percent in 2021/2022, 18.7 percent in 2022/23, 18.9 percent in 2023/2024, and 19 1 percent in 2024/2025.

Solidarity Min. reveals Egypt’s progress in Corruption Index

Tue, 07 Dec 2021 - 02:50 GMT

The Egyptian Minister of Solidarity Nevine El-Kabbaj announced Egypt’s progress in the Transparency International’s report on the corruption index.

Gov’t approves amendments to Child Act penalizing business owners, parents who violate law

Tue, 07 Dec 2021 - 02:37 GMT

The government has approved amendments to the Child Act that penalize business owners who employ children and parents who don’t send their kids to school.

Egypt sends medical aid to South Sudan per Sisi’s instructions

Tue, 07 Dec 2021 - 02:14 GMT

The aid was submitted by the Ministry of Health and Population to the Republic of South Sudan to contribute to alleviating the burdens on the brothers in South Sudan.

Egypt sends medical aid to South Sudan per Sisi’s instructions

Tue, 07 Dec 2021 - 02:13 GMT

The aid was submitted by the Ministry of Health and Population to the Republic of South Sudan to contribute to alleviating the burdens on the brothers in South Sudan.

B Investments establishes new company to invest in healthcare companies in Egypt

Tue, 07 Dec 2021 - 02:09 GMT

It indicated that the necessary approvals from the Ministry of Health are being met and executive steps are being taken with the Stock Exchange to complete the acquisition process.

Pics: Little Basmala flies a military plane after asking Sisi in Differently-Abled Conference

Tue, 07 Dec 2021 - 02:06 GMT

A little burn survivor has flown on a dual-pilot plane along with a group of differently-abled people after she voiced her wish to President Abdel Fattah al-Sisi during a Sunday conference.

Egypt receives 2 mobile medical clinics from U.S. to combat spread of COVID-19

Tue, 07 Dec 2021 - 01:43 GMT

Egypt received two mobile medical clinics from the United States of America, in order to strengthen measures to combat the spread of the Coronavirus.

Startups Without Borders Summit kicks off its hybrid edition, live from Rome, Cairo

Tue, 07 Dec 2021 - 01:38 GMT

With the theme “Reconnect the dots," the summit will bring together key players in the tech space, valiant founders, and international investors to rethink what ‘back to normal’ really means and reconnect the dots.

Naguib Sawiris’s Gemini Global Development Egypt receives $100M investment from Abu Dhabi’s Chimera

Tue, 07 Dec 2021 - 01:18 GMT

The capital increase will further support the expansion and development of Gemini’s Egyptian real estate operations under Ora Developers (“Ora”). Ora is the successful real estate developer and operator of such flagship brands as Zed El Sheikh Zayed, Zed East, Pyramid Hills and the newly launched SilverSands on the Egyptian North Coast.

Egypt injects LE 14.2M funds in 349 small projects

Tue, 07 Dec 2021 - 01:14 GMT

The Agency has implemented about 349 projects, providing nearly 931 job opportunities since the initiative began in the period (January-October) 2021, according to MSMEDA.

Egypt’s net foreign reserves record $40.909B in October: CBE

Tue, 07 Dec 2021 - 01:01 GMT

The net foreign currency reserves rose to $40.909 billion by the end of November 2021, compared to $40.849 billion recorded in October.

Egypt's Tahrir Complex to be developed in 2 years with LE3.5B investments

Tue, 07 Dec 2021 - 12:53 GMT

El-Said added that Egypt is a rich country in many assets, including untapped assets, pointing to the Tahrir Complex, which was transferred to the Sovereign Fund of Egypt, where the best exploitation of this asset was studied through communication with a number of consulting companies.

Dabaa Nuclear Plant to improve Egyptians’ living standards, provide safe energy: Rosatom

Tue, 07 Dec 2021 - 12:24 GMT

The Egyptian-Russian Nuclear Forum kicked off Tuesday to highlight the efforts exerted in establishing the nuclear reactors at Egypt’s first nuclear plant “Dabaa.”

Mahalla Spinning Club to offer stake worth LE135M on EGX within 2 weeks

Tue, 07 Dec 2021 - 11:43 GMT

The minister added in statements on the sidelines of the Seventh CEO Conference, Monday that the total value of the offered share is estimated at LE 135 million.

Egypt's Health Ministry: 47M people receive Covid-19 vaccine

Tue, 07 Dec 2021 - 10:40 GMT

He further noted that more than 250,000 children have been vaccinated with coronavirus vaccines so far.

'Covid-19 vaccines remain effective even against Omicron': Egypt's presidential health advisor

Tue, 07 Dec 2021 - 10:31 GMT

Tageddin made it clear that most of the vaccines prevent severe complications from the disease.

Mashat: World Bank, AIIB funds to Egypt hit $720M

Mon, 06 Dec 2021 - 07:45 GMT

These remarks were made by Mashat during her participation on the second day of the 7th round of Banks' Chief Executive Officers (CEOs) under the title of "How the Egyptian Economy Survived the Trap of International Recession".

Egypt achieves primary deficit of LE 4B in Q1 of 21/22

Mon, 06 Dec 2021 - 07:42 GMT

Kojak added - during the activities of the second day of the CEO Conference - Monday, that it is targeted to reach the total deficit in the budget for the current fiscal year to 6.7 percent of gross domestic product (GDP).