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Record of land receipt for wind energy project in Sohag signed, attracting over $10bn in FDIs
16 mai, par Daily News EgyptProject hailed as largest wind energy initiative in Middle East, generating 23,000 jobs -
Cairo commences partial trial operation of Metro Line 3’s third phase
16 mai, par Daily News EgyptMinister of Transport Kamel Al-Wazir oversaw on Wednesday the commencement of the trial operation with passengers for a segment of the third phase of Cairo Metro Line 3. This section spans 7.1 kilometres, connecting Al-Tawfiqia station to Cairo University and includes stops at Wadi Al-Nile (...) -
Unemployment drops to 6.7% in Q1 2024 : CAPMAS
16 mai, par Shaimaa RaafatThe unemployment rate has seen a decline to 6.7% in the first quarter of 2024, down from 6.9% in the last quarter of 2023, as per the Central Agency for Public Mobilization and Statistics (CAPMAS). CAPMAS released a statement today, highlighting that the labour force experienced a 1.0% (...) -
Orascom Development Egypt reports 41.4% revenue increase in Q1 2024
16 mai, par Daily News EgyptOrascom Development Egypt (ODE) has commenced the year with strong financial results, reporting a revenue of EGP 4.2bn in the first quarter (Q1) of 2024, marking a year-over-year (y-o-y) increase of 41.4%. The company’s gross profit rose by 29.4% y-o-y to EGP 1.4bn in Q1 2024. However, the (...) -
MSMEDA chief, Senegalese Microfinance Minister discuss promotion of micro-projects in both countries
16 mai, par Daily News EgyptBassel Rahmi, CEO of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), recently held discussions with Alyoune Dion, Senegal’s Minister of Microfinance, Social Economy, and Solidarity. The talks focused on fostering cooperation and exchanging expertise to bolster (...)