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16 Apr 2018

Bank Audi Selects Newgen to drive efficiency & enhance customer experience

Bank Audi sae, one of the fastest growing banks in the Arab Republic of Egypt, has successfully transformed multiple banking processes powered by Newgen’s Business Process Management and Enterprise Content Management platforms. With an aim to become one of the leading private banks"...

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16 Apr 2018

GCC working on unified domestic worker policy

Five GCC members met in Cairo on Sunday to begin working towards a common policy on employment of foreign domestic workers.

The representatives from the UAE, Saudi Arabia, Bahrain, Kuwait and Oman, meeting on the"...

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16 Apr 2018

Egypt Announces Deep Cuts in Petroleum, Electricity Subsidies in 2018/2019 Budget

The Egyptian government aims to cut petroleum subsidies by about 26%, and electricity subsidies by 47% in the draft budget for fiscal year (FY) 2018/19, according to Reuters.

The government document allegedly obtained"...

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16 Apr 2018

Egypt receives 2nd Moscow-Cairo Aeroflot flight

Cairo International Airport received on Sunday the second Russian Aeroflot flight, coming from Domodedevo Airport in Moscow.

Sources at Cairo International Airport added that the Boeing 738 departed for Moscow on"...

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16 Apr 2018

A French trade delegation to visit Egypt by the end of the month

A delegation group consists of a number of French companies operating in the domains of agriculture, health, environment, gas and petroleum will visit Egypt on April 22-24.

The visit is organized by the Chamber of"...

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16 Apr 2018

Nasr for Civil Works in talks for PPP projects in Egypt’s new cities this year

Egypt’s state-owned Nasr Company for Civil Works (NCCW) says it is currently negotiating with a number of construction firms to carry out new public-private partnership (PPP) flagships in the new cities within 2018.

This"...

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16 Apr 2018

Egypt Convention Authority seeks 260 mln pounds revenues in FY 20182019

Egypt Expo & Convention Authority (EECA) seeks to increase its revenues by 260 million Egyptian pounds ($14.7 million) within FY 20182019.

Sami Younis, chairperson of EECA said that Egypt’s leading business"...

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16 Apr 2018

Egypt endeavors to reach growth rate of 8 percent by 2022

Egyptian Planning Minister Hala al-Said said Sunday that Egypt's sustainable development plan aims to push up growth rate to eight percent by 2022, according to official MENA news agency.

The minister's comments"...

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16 Apr 2018

Egypt plans over 15 bln USD for Sinai development in 4 years: PM

The Egyptian government has dedicated 275 billion Egyptian pounds (about 15.6 billion U.S. dollars) for the development of the Sinai Peninsula within four year as part of the country's efforts to eradicate terrorism, the Egyptian prime minister told the parliament on Sunday.

'Counterterrorism"...

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16 Apr 2018

“Unemployment rates fell 2.3% in 3 years”: Finance Minister

Finance Minister Amr el-Garhy announced that the Egyptian economic reform program has yielded results, saying it decreased unemployment rates by 2.3 percent in the past three years.

The announcement came during a"...

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