Day: September 19, 2023

The “Biden Corridor” will only take away a tiny piece of the Suez Canal’s transit flow, no more than 0.1 percent, the Chairman of the Suez Canal Authority Osama Rabie, assured. The “Biden Corridor” was recently announced at the G20 summit in New Delhi between India, the Middle East, Israel,…

Turbo for shipping services, an emerging company in the field of logistics and shipping, is in negotiations with several foreign individual investors to obtain a financing round to fund its expansion plans in Egypt and abroad. The company aims to close the financing round within six months, according to its…

Reda Helal, Group Managing Director of Processing Business – Africa and Co-Head of Group Processing at Network International, has announced that the company plans to invest approximately EGP 1bn in the Egyptian market to expand its investments. These investments will focus on developing the digital technology sector and providing a…

A new survey by Kaspersky has found that 41% of employees in Egypt feel the need for better digital skills, and 33% are afraid of losing their jobs because they lack IT competencies. Some believe it could happen as soon as in the next 5 years (15%), others suppose it…

Classera International launched the Smarter Schools initiative for its school partners in Egypt, after its successful launch in the Kingdom of Saudi Arabia.  The Classera platform, a global leader in the field of educational technology, is committed, through this initiative, to providing high-quality education and enabling schools to make the…

The Micro, Small, and Medium Enterprises Development Agency (MSMEDA) has signed a new financing contract with Tamweely Microfinance, worth EGP 150m. The contract aims to expand and establish micro-projects in 30 desert villages in four governorates: Kafr El-Sheikh, Beni Suef, Minya, and Aswan. The contract was signed in the presence…

China’s ambassador to Egypt, Liao Liqiang, has highlighted the achievements and benefits of China’s Belt and Road Initiative (BRI) in a speech celebrating the 74th anniversary of the founding of the People’s Republic of China. He said that China has offered “Chinese solutions” to the world in light of the…

The Minister of Finance and Chairperson of the General Authority for Health Insurance, Mohamed Maait, said that the government aims to expand comprehensive health coverage to all Egyptians by partnering with the private sector. He said that the government seeks to attract more investments in health infrastructure in governorates other…

Chapter Zero Egypt, a new association promoting knowledge and raising awareness around climate governance, climate risk management, and business opportunities offered by the green transition, held its first awareness seminar on Monday. The event, entitled “What is Sustainable Growth and Climate Risk Effect on Businesses,” was held at the premises…

The government is considering selling stakes in two listed companies, Misr Fertilizer Production Company (MOPCO) and Delta Sugar Company, as part of its divestment plan from some public enterprises, according to informed sources. The sources, who spoke on condition of anonymity, told Daily News Egypt that the government is planning…