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21 Oct 2019

Ajman Media City Free Zone Announces Removal of E-Channel Deposit Requirement for Investors; Significant Boost and Cost Advantage for Entrepreneurs

Sheikh Abdul Aziz bin Humaid Al Nuaimi, Chairman of Ajman Media City Free Zone announced abolishing the mandatory e-channel deposit for the investors setting up their business in the AMC Free Zone.

Explaining further"...

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21 Oct 2019

ADX Group Announces IPO Progress, New Cyber Security Offerings

ADX Group (“ADX”), owner and operator of online business services, online entertainment, and consumer electronics, announced today that the company’s progress towards its initial public offering (IPO) has advanced. In comments the day before the company’s 11th annual"...

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20 Oct 2019

New customs law simplifies procedures, reduces goods' cost: Min

CAIRO - 19 October 2019: New draft of customs law currently under discussion in the House of Representatives contributes to improving Egypt's ranking in three important international indicators: «Global Competitiveness, Doing Business and the Macroeconomic Environment», Ministry"...

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20 Oct 2019

Leather exports decline in 8 months due to global demand

CAIRO - 19 October 2019: President of the Export Council for Leather Industries Mahmoud Serg attributed the decline of exports of the sector by 31.5 percent during the first eight months of 2019 due to the decline in global demand for leather.

He added in a statement that the"...

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20 Oct 2019

SAS, SciSports maximise AI to open new horizons for sports

Over the last few years, we’ve gotten a lot of sci-fi films that explore how life would be in a world controlled by machines that act like humans, but this is no longer fiction. Some may be familiar with the emerging concept of artificial intelligence (AI), however, not many know about"...

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20 Oct 2019

Companies showcase their best offers to attract customers at NextMove exhibition

Cairo: Real estate companies compete to showcase their best projects in NextMove exhibition from 17 to 19 October, showcasing several new projects, along with packages of offers to gain the largest share of visitors.

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20 Oct 2019

Pumping water to Sheikh Gaber canal is part of Sinai development plan: Ministry of Irrigation

Ministry of Water Resources and Irrigation said on Saturday that pumping water into the Sheikh Gaber’s canal in North Sinai comes as part of the announced state’s plan for Sinai development.

According"...

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20 Oct 2019

Commercial projects acquires lion’s share of projects’ demand

Cairo: Commercial and administrative projects have witnessed growth during the last period, contrary to the slowdown of residential real estate sector. The project accounted for the highest percentage of sales in 2018, since most companies tended to diversify their products to stimulate sales.

"...

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20 Oct 2019

First Russia-Africa Economic Forum to kick off on 23 October

The Russia-Africa Economic Forum co-chaired by Egyptian President and African Union chairperson Abdel Fattah Al-Sisi and Russian President Vladimir Putin will take place on 23 October in the Russian city, Sochi.

Marking"...

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20 Oct 2019

Chinese economy maintains stable growth amid external headwinds: central bank governor

Facing significant external headwinds from trade protectionism in some major economies, China has maintained a stable growth in 2019, with main economic indicators kept within an appropriate range,” Governor of the People’s Bank of China Yi Gang said Saturday.

In"...

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