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Travel bans due to Omicron “hammer blow” to South Africa’s local economy recovery: official
Travel bans on South Africa due to the new Omicron coronavirus variant will be “devastating” for the provincial economy as the local government is seeking for a recovery on its key tourism sector from…
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Orascom Financial Holding records EGP 54.5m profits by end-September
Orascom Financial Holding (OFH) has achieved EGP 54.58 million consolidated net profits since the company's establishment until 30 September 2021.
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EJB forms new board, pledges to support national economy
President of the Egyptian Junior Business Association (EJB) Gamal Abo Ali has said the association pays great attention to business expansion in Africa.
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Coca Cola Hellenic to invest $1 billion in Egypt over 5 years
Coca Cola Hellenic Bottling Company (HBC) intends to invest $1 billion dollars in Egypt over the next five years, after acquiring Coca Cola Egypt, according to a statement from the Egyptian Cabinet.
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Bosch’s unit signs contract to establish industrial complex in Egypt
BSH Home Appliances Group, a subsidiary of Germany's Bosch, has inked a preliminary contract with Egypt's New Urban Communities Authority to purchase two plots of land to establish an industrial…
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Egypt’s extractive industries index up 2% in September – CAPMAS
Egypt’s manufacturing and extractive industries index went up 2.2% to record a reading of 116.05 in September from 113.56 in August, according to official data on Thursday.
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Orascom Construction will be part of developing Egypt’s first green hydrogen production facility
Orascom Construction announced on Wednesday it had joined a consortium with Fertiglobe, Scatec, and the Sovereign Fund of Egypt (TSFE) to develop Egypt’s first ever green hydrogen production facility.
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Egypt is head of COMESA for 12M, targets regional integration
Egypt has assumed the chairmanship of the Common Market for Eastern and Southern Africa (Comesa), a regional trade bloc that looks to align regulatory and trade policies of its 21 members
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Al-Sisi calls for govt-private sector integration as Egypt assumes leadership of COMESA
The Egyptian President asserted that COMESA member states should develop policies and adopt action plans that facilitates and encourages the government and private sector integration in a way that…
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Total number of companies applied to e-invoice system hit 4.2K, official
The total number of companies that uploaded electronic documents to the the recently introduced electronic invoice system in its five phases amounted to more than 4,239 companies, according to Reda…
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