Infoblaze Egypt (2025)

16/02/2025

DP World Sokhna handles inaugural passenger vehicle export

Landmark shipment of nearly 500 locally assembled Nissan vehicles opens new opportunities for Egyptian manufacturingIn a new boost for Egypt’s automotive sector, DP World has successfully facilitated the first export shipment of passenger vehicles from the Ain Sokhna Port.The roll-on-roll-off (ro-ro) vessel ULUSOY 5 under the agency of KMA - Khedivial Marine Agency Egypt, recently departed for Jebel Ali, Dubai, carrying 498 locally assembled Nissan Sunny vehicles. The achievement underscores DP World’s commitment to supporting Egypt’s growing automotive industry and solidifying Sokhna’s position as a regional trade hub.Having exported its first batch, DP World plans to ship as many as 10,000 vehicles this year to advance Egypt’s automotive sector and contribute to the country’s economic growth......
https://bit.ly/41hpqPq

DP World

31/01/2025

inaugurates experiential in

Emirates, the world’s largest international airline, unveils its Emirates World store in Egypt, expanding the reach of its refreshed travel retail store concept that elevates the customer experience through product showcases, smart technologies and expert travel consultants.

The Emirates World store, located at the luxurious 5A WaterWay in Cairo, was inaugurated by Adnan Kazim, Emirates’ Deputy President and Chief Commercial Officer and Adil Al Ghaith, Senior Vice President Commercial Operations, Centre, in the presence of Her Excellency Mariam Al Kaabi, UAE Ambassador, Pilot Montaser Mana, the Deputy Minister of Civil Aviation of Egypt and Amr Kady, CEO of Egypt Tourism Authority. The opening ceremony was also attended by other distinguished guests, trade and media partners....
https://bit.ly/4hAzGru

10/09/2024

India's first unicorn has two IPOs on its menu now

SoftBank-backed InMobi began diversifying from its core adtech business with Glance. The unit is expected to turn profitable by FY26, co-founder and CEO Naveen Tewari said. Later, InMobi aims to take it public, apart from the ad tech unit which is in line for an IPO.....
https://bit.ly/4ggEz9f

Naveen Tiwari InMobi

Ranjani Raghvan
Via www.livemint.com

22/08/2024

Fueling An Ecosystem: Meet 10 Of Egypt's Most Active Venture Capitalists

The most active investors in Egypt, purely based on the number of deals, are primarily local.

Egypt boasts over 160 venture capital (VC) firms and investors supporting its startup ecosystem.

These include both local and international investors, which have collectively participated in over 800 deals in the five years between 2019 to 2023. The local investors have been a lot more active; however, the investor landscape is dominated by the presence of more international investors....
https://bit.ly/3WZ1X26

Flat6Labs Cairo
Falak Startups

A15
Sawari Ventures

Ashok Raman
Via www.entrepreneur.com

13/08/2024

Middle East FASHION INNOVATORS 2024

The Middle East is well known for its love of luxury fashion and design, and while the region is a big market for designers from around the world, its homegrown talent is also stepping up and being recognized on the global runway. Several of the region’s designers are showcasing their talents at global fashion events, such as Paris Fashion Week, where Elie Saab, Tony Ward, and Rami Al Ali are among those showing their collections. Dubai Fashion Week has also become an important stop on the global calendar, joining Paris, New York, London, and Milan....
https://bit.ly/3WMk0sa

Forbes Middle East English

::Domination::
-Designers
22 entries, followed by 6 3

-Fashion Brands
15
14

Via www.forbesmiddleeast.com

11/08/2024

Egypt-Based ' US$2 Million Funding Round Is Set To Expand Its Artificial Intelligence Technologies Across The And

"We are building to give fintechs all the tools to provide the right product to the right customer, safely and responsibly."

Synapse Analytics, an Egypt-based startup that leverages artificial intelligence (AI) to help financial institutions make better business decisions, has raised US$2 million in a funding round led by Silicon Badia, a Jordan-based venture capital and private equity firm. The round also saw the participation of Hub71, an Abu Dhabi-based global tech ecosystem that supports startups, which is also where Synapse Analytics has set up its regional headquarters, in addition to its main base in ....
https://bit.ly/3M293hp

Ahmed Abaza | Galal El Beshbishy

Aalia Mehreen Ahmed
Via www.entrepreneur.com

05/08/2024

The Step Pyramid of Djoser: The World's First Engineered Stone Structure

To truly travel back in time, there is no better place than Egypt. Beyond the iconic Great Pyramids, the country is a treasure trove of ancient wonders, including the inspiring Step Pyramid of Djoser in Saqqara.

This monumental structure is often hailed as the world's oldest engineered stone structure. As the pioneering pyramid of its time, it marked a revolutionary leap in ancient Egyptian architecture. Built during the reign of King Horus Netjerikhet (Djoser) in the 3rd Dynasty, around 2667-2648 BC, it is believed to be the brainchild of the visionary architect Imhotep....
https://bit.ly/3ytKxT7

Via spa.gov.sa

24/07/2024

A Look At Fawry's Journey To Become Egypt's First Unicorn Startup

Fawry's journey to reaching unicorn status was a long one driven with strategic moves and focused vision, up until a landmark moment in 2019 when the company put 36% of its shares on the Egyptian Exchange (EGX).

It was a monumental moment when Mohamed Okasha, the ex-Managing Director of Fawry, made this statement on his LinkedIn account in August 2020: "Fawry is officially a Unicorn." After all, Fawry was the first ever startup to reach a billion-dollar valuation in Egypt.....
https://bit.ly/3SnjQWZ

Mohamed Okasha
Fawry

Nazmia Nassereddine
Via www.entrepreneur.com

21/07/2024

AI startup DXwand to set up local office in

Saudi Arabia’s growing business landscape has encouraged regional and global companies to establish a local presence in the burgeoning market.

Egypt-born generative artificial intelligence startup DXwand is leaving no stone unturned as it aims to get closer to its clients with an on-ground team.....
https://bit.ly/3Ly1JtB

DXwand

Via www.arabnews.com

02/07/2024

Egypt’s tourism revenues rise 4.7% in 2024

Egypt’s tourism revenues surged 4.7 percent year on year during the first half of 2024 to reach $6.6 billion, according to a new report.

Issued by the African country’s Ministry of Tourism, the data indicates a 17.8 percent rise compared to....
https://bit.ly/3VPx7bL

Via www.arabnews.com

28/06/2024

Egyptian fertilizer company turns to amidist gas shortage

One of Egypt’s largest fertilizer companies said on June 27 it would partially switch to hydrogen supplies as the country struggles with a shortage of natural gas that has led to widespread blackouts.

Abu Qir Fertilizers — along with three other major companies in the fertilizer and chemicals sector, Mopco, Sidi Kerir Petrochemicals, and KIMA — had said this week it would halt production due to the shortage of natural gas, a key input....
https://bit.ly/4cFOgeC

Via www.arabnews.com

26/06/2024

Egypt's Halts Operations Due To Gas Supply Shortage

Egypt's Misr Fertilizers Production Company (MOPCO) suspended operations at its three plants on Wednesday due to a natural gas shortage, becoming the second major fertilizers firm to halt production after state-run Abu Qir Fertilizers.

Operations halted
MOPCO cited interruptions in regional gas supply sources and an ongoing heat wave, which caused unprecedented energy consumption due to higher-than-expected temperatures, as the main reasons for the suspension.....
https://bit.ly/3XGiURc

Muhammad Addam
Via www.forbesmiddleeast.com

16/06/2024

2024's IPO Icons: 7 Businesswomen Transforming Middle Eastern Markets

These leaders from our list of the Middle East’s 100 Most Powerful Businesswomen 2024 have led their companies onto stock markets.

PAKINAM KAFAFI
Company: TAQA Arabia

The Egyptian Exchange approved the listing of TAQA Arabia’s shares in June 2023, with an issued capital of $21.8 million. This was done under Kafafi’s leadership, who has been CEO since April 2013, having served as Chief Investment Officer in 2006. The company recorded $75.6 million in revenues in the three months ended March 2024, a 21.7% increase compared to the same period last year, and net profit worth $2.1 million. The company unveiled Tanzania’s first integrated Compressed Natural Gas (CNG) Filling Station and Conversion Center branded “Master Gas” in November 2023......
https://bit.ly/45HUN6F

Sara Junaid
Via www.forbesmiddleeast.com

16/06/2024

AD Ports Group and Authority Sign Three Concession Agreements to Strengthen Egypt’s Tourism Sector at , and Ports

AD Ports Group also Initialled two other Concession Agreements with the General Authority of the Suez Canal Economic Zone for Ro-Ro and Cruise Terminals in Sokhna Port

AD Ports Group (ADX:ADPORTS), a leading global facilitator of logistics, industry and trade today signed a definitive concession agreement with the Red Sea Ports Authority (RSPA) to develop, operate and manage three cruise terminals at Safaga, Hurghada, and Sharm El Sheikh ports.

AD Ports Group’s total investment of USD 4.7 million over the next 15 years will cover management and operations of the three cruise terminals - expected to be operational in 2025 - to provide new services, improve access for cruise operators and add new itineraries through the Group’s cruise terminal network in the red sea. This agreement further strengthens AD Ports Group’s cruise business in the Red Sea region, supports volumes of cruise passengers and elevates passenger and cruise experiences....
https://bit.ly/3x7l816

AD Ports Group
قطاع النقل البحرى - وزارة النقل

LetsTalkCity 🇪🇬

15/06/2024

May Allah grant you and your family a peaceful and prosperous life.

Happy EidAlAdha

07/06/2024

Riyadh Air and EgyptAir Sign MoU at IATA AGM to Offer Guests Greater Benefits and Connectivity

Riyadh Air, Saudi Arabia's new digitally native airline, has signed a Strategic Cooperation Memorandum of Understanding (MoU) with EGYPTAIR, the country’s national carrier, based out of Cairo, to offer guests of both airlines a wide range of exclusive benefits when traveling between Saudi Arabia, Egypt and other key destinations, at the International Air Transport Association (IATA) Annual General Meeting (AGM) on June 4, 2024, in Dubai.

This strategic partnership further strengthens ties between the two nations and their respective markets, while unlocking new travel options for airline guests. Together, Riyadh Air and EGYPTAIR aim to develop a partnership that allows guests a greater choice when traveling between Riyadh and Cairo, while also offering connectivity to a range of other domestic and international destinations across the Middle East and Africa.....
https://bit.ly/4c9nsTV

Riyadh Air
EGYPTAIR

06/06/2024

MPOB calls for setting up of oil hub, redistribution centre in 🇪🇬

Malaysia should take advantage of its recent cooperation with Egypt by establishing an oil hub or redistribution centre, according to the Malaysian Palm Oil Board (MPOB).

Its director-general Datuk Dr Ahmad Parveez Ghulam Kadir emphasised the mutual benefits of the initiative, highlighting the promising results from the current mission, which underscored both nations' eagerness to cooperate in investments within the agro-commodities sectors and bulking facilities....
https://bit.ly/3VuPdRq

Malaysian Palm Oil Board - MPOB

Azanis Shahila Aman
Via www.nst.com.my

23/05/2024

Siemens Energy Egypt service centre launches 1.9-MW solar power plant in SCZone

A 1.9-megawatt solar power plant was inaugurated at the Siemens Energy Egypt Service Center in the Suez Canal Economic Zone (SCZone) on Tuesday. The plant, comprising approximately 3,280 photovoltaic solar panels spread over 8,500 square meters, is expected to generate about 3 gigawatt-hours of electricity annually, covering 90% of the site’s needs........
https://bit.ly/4az1Ij2

Siemens Energy

Via www.dailynewsegypt.com

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