On August 12, Egypt’s Giza Criminal Court pronounced life sentences against Muslim Brotherhood leader Mohamed Badie, Essam al-Erian, group spokesman for the local Muslim Brotherhood, and senior member Mohamed El-Beltagy for incitement of violence.
Egypt Tender and Business News
Egypt, the United States and other countries just completed the recent multilateral military training exercise Eagle Response 18.
The Fayoum Governorate in Egypt has just received the first financing arrangement for EUR 126 million (out of a total final support authorized of EUR 172 million) from the European Investment Bank to improve wastewater infrastructure and improve sanitation services.
Effective in August, the government of Egypt plans to raise natural gas prices by between 33.3% and 75% starting in August.
On July 17-18, the European Bank for Reconstruction and Development and the Food and Agriculture Organization of the United Nations (FAO) held two workshops on "Grain Market Data Availability and Quality in Egypt" and "Supply Chain Efficiency & National Food Security".
Egypt may claim it is just protecting against terrorism, the truth is authorities there are more often using state-of-emergency laws and courts to unfairly prosecute journalists, critics, and activists in the country, according to recent reports from Human Rights Watch.
Egypt-based Afreximbank just signed a Grant Agreement with the Trade Finance operations part of the African Development Bank. The purpose of the Grant is to support the development on the continent of factoring, a form of debtor finance in which a business sells its accounts receivable invoices to a third party (called a factor) at a discount.
The Egypt-based African Export-Import Bank (Afrexemibank) has authorized a $650 million loan for a new oil refinery project in Nigeria.
The Africa Energy Market Place (AEMP) had its first meeting during the first week of July 2018, in Cote d'Ivoire. It was organized as a two-day workshop to discuss technical, commercial, regulatory and financial issues in the rapidly-growing Energy market in Africa.
According to the new 2018 Africa Risk-Reward Index from London-based Control Risks and Oxford Economics, West African economies are seeing improved risk-reward scores this year. The underlying reasons for this are increased political stability in the region, effetive public economic reforms, and rising commodity prices.
As Africa's emerging technology ecosystem grows, innovation and entrepreneurship are taken on a bigger role. Innovation hubs in particular have been a major force for the existing major hubs in Kenya, Nigeria and South Africa, and the same model is proving equally important in the emerging tech centers on the continent.
An $8 billion project to transform the landscape of Africa and restore drought-stricken areas has started and yet most of the world does not know of it. It is the Great Green Wall for the Sahara and Sahel Initiative, and involves the planting of a wall of trees over 7,600 kilometers long.
Clarivate Analytics of Philadelphia is launching the first Arabic Citation Index (ARCI), thanks to a parntership with the Egyptian Knowledge Bank (EKB), the Egyptian government's digital library and online knowledge hub.
The Newton-Mosharafa Fund, a UK-Egypt partnership which helps provide funding for scholarships, research projects and entrepreneurial backing for scientists, is launching its latest tour across Egypt to encourage applicants.
Kuala Lumpur-based iflix, a major streaming entertainment service for emerging markets, just announced it has established a new exclusive partnership with Vodafone Egypt to offer subscribers unlimited access to iflix's entertainment programs for just EGP 1 per day.
Egypt's 6th of October City, a satellite town in the Giza Governorate and part of Cairo's urban area, will be getting a new Inland Container Depot (ICD) soon.
Italian energy company Eni just announced it has discovered oil in the Egyptian Western Desert, 103 kilometers north of the oasis of Siwa. It is located on the A-2X exploration prospect located in South West Meliha license.
The Trans-Africa highway, a 10,228-kilometer long major artery connecting Cairo, Egypt to Cape Town, South Africa, is now complete. The former missing link in that path, the Dodoma-Babati road, was just opened for transportation.
Competition regulation is growing in Africa, with eight out of the top ten economies in Africa already having established law regulating competition.
A major planning meeting with officials from Greece, Cyprus and Egypt is taking place on April 13 in Greece in preparation for the upcoming 'Nostos' programme event just a few weeks from now.
On April 11, the Indonesia Eximbank and the Cairo, Egypt-based African Export-Import Bank (Afreximbank) jointly pledged $100 million to help improve businesses and trade between Indonesia and the African continent.
The Engineering for the Petroleum and Process Industries (ENPPI), an Egyptian engineering company, has signed a contract with British metals and mining consultancy company Wood Mackenzie, marking Egypt’s first strategy to develop its mining sector to optimize the country’s benefit from mineral wealth.
Amusement Services International (ASI) will unveil the Industry's first operator-free VR attraction at the Dubai Entertainment Amusement and Leisure show 2018 to transform the indoor themepark experience in Africa.
ACCIONA Energía, the renewable energies operator subsidiary of ACCIONA Group in Spain, and Enara Bahrain Spv Wll (ENARA), the renewable energy platform of the Saudi Arabian company Swicorp, have begun construction work on three PV plants in Egypt with a total rated capacity of 150MW-186MWp.
Xpress Money, a global money transfer company based in Dubai, announced that it will be offering the lowest transfer fees starting at AED 15 for remittances from the United Arab Emirates to Egypt to further boost the remittances to Egypt.