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Hisham Talaat Moustafa ranks 27th among Forbes’ Top 50 Travel & Tourism Leaders
Egyptian businessman Hisham Talaat Moustafa has ranked 27th on Forbes’ list of Top 50 Travel & Tourism Leaders.
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IMF warns war in Ukraine will have “severe” impact on global economy
The International Monetary Fund (IMF) warned that war in Ukraine and sanctions on Russia will have a substantial impact on the global economy and financial markets, with significant spillovers to…
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CBE issues an update on its new rules on imports
The central bank issued updates to its response to importers’ inquiries on its rules requiring them to get letters of credit (L/Cs) for their purchases.
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Afreximbank, Djibouti Chamber of Commerce cooperate for a three-day business roadshow
African Export-Import Bank (Afreximbank) and the Djibouti Chamber of Commerce (CCD) conducted a three-day business roadshow in the country, to promote the Bank’s programmes, facilities, and…
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TAQA Arabia signs MoU with Tanzanian government for gas delivery projects
TAQA Arabia has signed a memorandum of understanding (MoU) with Tanzanian government officials to develop several gas delivery projects in the presence of President of Tanzania Samia Hassan.
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Egypt’s net foreign reserves increase to $40.993 billion in February
Egypt’s net foreign reserves increased to around $40.993 billion at the end of February from $40.980 billion at the end of January, a central bank data showed on Thursday.
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Egypt’s Non-oil business activity continued its contraction but at slower pace
Egypt’s non-oil business activity continued to decline for the fifteenth consecutive month in February but at a slower pace than the previous month, according to IHS Markit’s purchasing managers’…
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Egypt obligates hotel establishments to raise minimum internet speed
Egypt issued a decision obligating all hotel establishments to raise their minimum internet speed, Minister of Tourism and Antiquities Khaled El-Anany.
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International shipping costs expected to increase due to Russian-Ukrainian war
Amr Al-Samdouni — the Secretary of the International Transportation and Logistics Services Division at the Cairo Chamber of Commerce — expects that international shipping costs would spike in the…
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Egypt’s Housing Bank consolidated net profits exceed EGP 2bn in 2021
Egypt-based Housing and Development Bank (HD Bank) achieved consolidated net profits worth EGP 2.02 billion in 2021, compared to EGP 2.06 billion in 2020, including minority interest.
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