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EBMS 2019: Egypt pays its oil receivables to Turkey, reschedules others

Egypt paid its oil receivables to Turkey and rescheduled other receivables, the Canada Egypt Business Council (CEBC) member, Ahmed khattab, told Daily News Egypt on Thursday during the second day of the Egyptian Building Material Summit (EBMS 2019) The abundance of oil reserves in Egypt and the Suez Canal and its role in easing trade …

Fatma Elkholosy

Altibbi, Telecom Egypt, T20 Egypt launch One Million Free Medical Consultations initiative

Altibbi, the MENA’s largest digital health platform, announced Thursday the launch of its “One Million Free Medical Consultations” initiative which aims to provide free medical advice via voice calls, text messages, and mobile application. The initiative will be conducted in partnership with Telecom Egypt, T20 Egypt, the Health Ministry, and the Communications and Information Technology …

Daily News Egypt

Sudan lifts ban on Egypt’s agricultural products after two years

Sudan has lifted a two-year ban on Egyptian agricultural products, Sudanese media reported on Wednesday. This comes amid several decisions made in October 2018 when President Abdel Fattah Al-Sisi visited Sudan. The decision stipulated that imports and exports between the two countries would be carried out by licensed companies only, and that any product that …

Daily News Egypt

Delivery Hero grows revenue by 77% in 2018

Delivery Hero, a German-founded online food delivery company, published its financial results in 2018, which had beaten expectations as it pushes ahead with plans to increase its exposure to emerging markets. The revenue growth reached 64.6% year-over-year to €687m, as the Middle East and North Africa (MENA) region accounted for almost half of the revenues …

Daily News Egypt

Emirates NBD Egypt PMI falls in January to 48.5

The Emirates NBD Purchasing Managers’ Index (PMI) for Egypt’s non-oil private sector fell from 49.6 in December to 48.5 in January, the lowest level since December 2017. There were nevertheless some promising data in the sub-components that could presage an improvement in the Egyptian economy in the coming months, according to Daniel Richards, MENA economist …

Daily News Egypt

Accept for Technology, Payments partners with valU for online instalments

The Accept for Technology and Payments announced a partnership agreement with valU, specialised in payment-on-instalment programmes, to avail the latter as an alternative payment method for online stores. The agreement offers online access to valU’s client base and selling proposition that allows consumers to pay on instalments over tenures between 3 and 24 months. “We …

Daily News Egypt

El Sewedy hosts Coventry University over new branch opening in September

El Sewedy Education hosted delegates from the Coventry University to raise awareness about their partnership and the branch campus being established in The Knowledge Hub, located in Egypt’s New Administrative Capital (NAC), last week.   The delegates highlighted the academic programmes that the Coventry University plans to offer in September 2019.   The Coventry University will …

Daily News Egypt

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