Tuesday, May 6, 2025

Egypt

Egypt launches mobile application to pay fees for imported phones

Egypt will launch a new mechanism to combat mobile phone smuggling in the coming days. The Egyptian government has developed An electronic application that allows individuals By registering their mobile phones without incurring additional customs fees to address this issue...

Public holidays in 2024: Holiday schedule in the UAE, Saudi Arabia and Egypt

UAE, Saudi Arabia and Egypt are preparing for the end-of-year holidays. As the end of 2024 approaches, you are looking forward to...Peoples of Arab countriesSeveral remaining public holidays give public and private sector workers continuous rest and vacation periods. These holidays...

Egypt raises electricity prices for homes by up to 50%

Electricity prices for homes in Egypt to rise by nearly 50 percent as subsidies gradually phased out Reuters quoted government sources as saying that Egypt raised electricity prices for homes by up to 50 percent, while gradually eliminating subsidies as...

Emirati company develops $500 million project in Egypt

The agreement includes the construction of three residential and commercial towers and a five-star hotel in an area overlooking Warraq Island, north of downtown Cairo. Safwat El-Qalyoubi Group signedEgyptianUAE investment firm KSH has signed a deal worth 24 billion Egyptian...

ADNOC is looking to expand in Egypt, Saudi Arabia and the UAE with huge investments

ADNOC Distribution continues its expansion journey in the markets of Egypt, Saudi Arabia and the UAE, supported by an ambitious investment strategy and flexibility in seizing promising acquisition opportunities. The Emirati company ADNOC Distribution plans to significantly expand its network...

Saudi Arabia is the latest face of electric car manufacturing in Egypt

An agreement between the Saudi Waja Group and the Arab Organization for Industrialization to establish a joint company to manufacture electric cars in Egypt. Occurred Saudi Waja Group A framework agreement with the Egyptian Arab Organization for Industrialization to manufacture...

Gold price today in Egypt, Saturday 3/9/2024

Gold price today in Egypt: Find out the price of gold today in Egypt, Saturday 3/9/2024, and the price of 21 karat gold, the best seller in the local market. Continued average Today's gold price in Egypt Saturday 3/9/2024, with...

Egypt announces the completion of the first batch of the “Ras El Hekma” project deal

The Egyptian government announced the receipt of the first batch of flows from the Ras El Hekma project amounting to $15 billion, according to a Cabinet statement on Friday. On Thursday, Egypt announced that it would receive $5 billion, and...

Central Bank of Egypt issues regulations governing financing lease activity

The Central Bank of Egypt (CBE) has issued some regulations governing the financing provided by the banks to the financing lease firms, Al Mal News reported, citing the (CBE). As per the new regulations, the total direct and indirect credit...

Household sector deposits in Egypt increased by 17% last fiscal year

Bank deposit balances for the family sector in Egypt increased by 17% on an annual basis, during the last fiscal year 2022-2023, to represent 58.3% of total deposits. According to data issued by the Egyptian Central Bureau of Statistics on...

Latest News

Sheikh Mohammed announces AI as mandatory subject in UAE schools

Dubai: The UAE Cabinet has approved the final curriculum to introduce Artificial Intelligence (AI) as a subject across all...

UAE lifts Lebanon travel ban, allows citizens from May 7

Abu Dhabi: The UAE will lift its travel ban on Lebanon, allowing Emirati citizens to visit the country starting May 7, 2025, the Ministry...

UAE weather: Slight temperature drop and dusty conditions expected

Dubai: Residents can expect clear to partly cloudy skies today, with a slight, gradual decrease in temperatures, especially along the coastal areas, according to...

Saudi Arabia’s Public Investment Fund issues 7-year dollar-denominated sukuk

Saudi Arabia's Public Investment Fund is heading to the international bond market for the second time this year. It started Saudi Public Investment Fund PIF...

MoHRE clarifies refund rules for domestic worker recruitment fees

Abu Dhabi: The Ministry of Human Resources and Emiratisation (MoHRE) has outlined the specific conditions under which domestic worker recruitment offices in the UAE...