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Misr Italia begins VINCI project construction works with EGP 500m investments

Misr Italia Properties begins the construction work of VINCI boutique residential project with investments worth EGP500m in 2019. Misr Italia Properties announced finalising a deal with three contracting companies to implement the construction works of VINCI project. With construction of the project starting in 2019, the company plans to accelerate the delivery of units in 2022. Mohamed Hany …

Daily News Egypt

Egypt’s banking customer base “weak”, it’s not good timing for cryptocurrencies: CIB

Mohamed Farag, head of International Transactions and Digital Banking at the Commercial International Bank (CIB), described Egypt’s banking customer base as “weak”, with only 14 million customers. He explained that the country should have at least 60 million banking customers, and this low current figure is related to the banking service costs, especially in rural …

Daily News Egypt

For First Time in Egypt: Uber launches UberBlack in El Gouna

Uber announced on Wednesday that it has launched UberBlack in Egypt, a premium product that will be operated by the mobility solutions provider, Budget. It added that the product is available in El Gouna starting from 23 April, aiming to facilitate even more choice for riders across Egypt, when it comes to transportation options within …

Daily News Egypt

Moody’s upgrades five Egyptian banks, outlook changed to stable

Moody’s Investors Service (Moody’s) upgraded on Tuesday, the long-term local-currency deposit ratings of the National Bank of Egypt SAE (NBE), Banque Misr SAE (BM), and Banque Du Caire SAE (BdC) and the Commercial International Bank (Egypt) SAE (CIB) to B2 from B3, and their long-term foreign currency deposit ratings to B3 from Caa1. Furthermore, the …

Daily News Egypt

Ministry of Culture mourns Bachir El-Sebaie

After a long journey of enriching the cultural scene in Egypt with his translations and chronicles, historian and translator Bachir El-Sebaie passed away on Sunday at the age of 75. The ministry of culture mourned on Monday the veteran historian, stating that he was one of the literature and translation pillars in the country. In …

Daily News Egypt

Tod’s bring back Alber Elbaz to Fashion Scene

The Italian leather goods aficionado, Tod’s, has recently announced what could be the biggest fashion collaboration of the current year. The factory series is set to be Alber Elbaz’s long-awaited return to the fashion scene. The former creative director of Lanvin has been away on a hiatus since his well-publicised exit from the brand in …

Daily News Egypt

Cannes festival reveals short film collection

Following the announcement of the Official Selection of the 72nd Cannes Film Festival, the festival revealed its short films in competition and the Cinéfondation selection 2019. Presided by Claire Denis, the Cinéfondation and short films jury will award the three prizes of the Cinéfondation on Thursday 23rd May. The Short Film Palme d’Or will be …

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Youssef Chahine remembered at Karlovy Vary

The 54th Karlovy Vary International Film Festival (KVIFF) is honouring iconic Egyptian filmmaker Youssef Chahine (1926-2008) with a large retrospective of 11 remastered films consisting of early lesser-known works as well as established classics. All the movies in the programme – the biggest of its kind to be featured at any international film fest – …

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Egypt, Somalia seek bilateral cooperation

Egypt’s Prime Minister, Moustafa Madbouly, met on Sunday Somalia’s Minister of Foreign Affairs and International Cooperation, Ahmed Isse Awad, in order to discuss bilateral cooperation in the fields of development and security. According to a statement from the cabinet, Madbouly stated during the meeting that has Egypt has for a long time supported the Somalian …

Daily News Egypt

Egypt launches ‘Next Coders’ to bring programming skills to secondary education

The Technology Innovation and Entrepreneurship Center (TIEC) of Egypt’s Information Technology Industry Development Agency (ITIDA) has launched ‘Next Coders’ programme to build and develop students’ coding and computer programming skills. The TIEC offers secondary-school first-year students the training course gratis with a nanodegree certificate on ‘Learn to Code’ presented by Udacity. The programme entails providing …

Daily News Egypt