InsuranceAllianz and CIB Egypt to provide insurance against online banking servicesPritam BordoloiAugust 10, 2020 by Pritam BordoloiAugust 10, 2020 The insurance will also cover damages to digital property, business interruption, and investment expenditures... Read more
Featured HealthcareEgypt launches its first virtual clinic application – DoctorOnlinePritam BordoloiJuly 20, 2020 by Pritam BordoloiJuly 20, 2020 The launch is a part of Egypt’s digitalisation plan and Vision 2030... Read more
Featured Ports and ShippingExpansion of DP World Sokhna’s Basin 2 in Egypt nears completionPritam BordoloiJuly 13, 2020 by Pritam BordoloiJuly 13, 2020 The project would result in 750,000 TEUs of added capacity... Read more
Energy FeaturedEgypt approves 691 green projects for FY 2020/21Pritam BordoloiJuly 6, 2020 by Pritam BordoloiJuly 6, 2020 30% of Egypt’s investment will be implemented as per environmental sustainability and green economy concepts... Read more
Featured HealthcareEgyptian healthtech Chefaa secures pre-Series A fundingPritam BordoloiJune 16, 2020 by Pritam BordoloiJune 16, 2020 The funding round was led by 500 Startups, Vision Ventures, Womena, and few other investors... Read more
Aviation FeaturedEgypt set to resume regular commercial flight operationsInternational Finance Business DeskJune 15, 2020 by International Finance Business DeskJune 15, 2020 IATA estimates global airlines to lose $84.3 billion in 2020 and has projected a positive outlook for the industry in 2021... Read more
Aviation FeaturedEgyptAir to receive $127.39 mn to weather coronavirus crisisPritam BordoloiMay 18, 2020 by Pritam BordoloiMay 18, 2020 The government will support the carrier until it returns to 80% of its 2019 operation... Read more
Banking FeaturedEgypt urges domestic banks to set limit on daily withdrawal and depositsInternational Finance Business DeskMarch 31, 2020March 31, 2020 by International Finance Business DeskMarch 31, 2020March 31, 2020 The new limit would allow individuals to withdraw 10,000 Egyptian pounds and companies 50,000 pounds... Read more
Banking FeaturedCoronavirus: Saudi Arabia plans $13.3 bn stimulus for private sectorInternational FinanceMarch 16, 2020March 18, 2020 by International FinanceMarch 16, 2020March 18, 2020 UAE announces its own $27.2 bn stimulus and Egypt allocates $6.4 bn... Read more
Featured InsuranceKenya Re to set up re-takaful unit in Egypt in 2021Pritam BordoloiMarch 13, 2020 by Pritam BordoloiMarch 13, 2020 The insurer increased its cash reserves through issuance of 2.099 billion of new shares... Read more