Consumer Protection emphasise maintaining mineral water prices
Demand for mineral water has increased since the spillage of 500 tonnes of phosphate in the river Nile last week, causing a fear of poisoning through the water supply.
Dahlia Kholaif
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Latest by Dahlia Kholaif
$6bn in Gulf deposits temporarily eases Egypt’s economic burdens
Analysts say GCC deposits beef-up foreign reserves and boost local currency
Mineral water companies rush to meet Upper Egypt demand
Amid fear of water poisoning following phosphate spill in river Nile, water mineral firms expect surge in demand
Egypt’s Railway Authority’s 2015/2016 budget may reach EGP 12.8bn
The investment plan will be the authority’s largest and would focus on the much-needed revamping of run down facilities
Egypt’s economic growth in 2H of 2014/2015 to be between 4.2%-4.5%: Salman
Investment Minister Ashraf Salman reveals government forecasts to state-run MENA
Kuwait finalises investment arm in Egypt
Holding company, announced in 2011 by Kuwait Investment Authority, hired Arab African International Bank as adviser
January trade deficit down by 20.7% year-on-year
Imports stood at EGP 31.47bn during January, 21.2% less than the EGP 39.97bn recorded a year earlier, according to CAPMAS
Electronic visa potentially to boost tourism, draw new visitors
The new system, expected to come into effect in eight months, will require tourists to provide a scanned copy of their passports, and their visas will be ready within three days
Capital taxes fuel row between authority, brokers
Approximately EGP 250m were collected in 2015: MCDR Head
Local banks deny restrictions on providing $100 notes
The Central Bank of Egypt gave no instructions to lenders operating in the country not to replace $100 notes with smaller units when conducting transactions for clients, several bankers told the Daily News Egypt. This comes on the wake of reports carried by media outlets claiming that the CBE has ordered banks to replace $100 …
Legal restrictions behind absence of Egyptian developers in Saudi Arabia
Despite growing market, countless opportunities and housing shortage, Egyptian firms unable to break ground in Gulf state
Egyptian contractors have lion’s share of awarded Saudi contracts: Head of EFCBA
The value of the contracts handled by Egyptian contractors in Saudi is no less than SAR 1.5bn ($400bn) over the past three years
Egypt’s new city: More questions than answers
The multi-billion dollar new administrative hub started a debate among urban planners on the real price and revenue Egyptians are to make
Egypt’s farmland offers minimal incentives to Arab investors
The situation is not any better with regards to Western investors’ interest in Egypt.
UAE stock exchanges are most attractive to Egyptian investor community
The Egyptian arm of Dubai’s largest listed real estate developer Emaar Properties, filed a formal request in February to list its shares in Egypt’s bourse
Laws regulating real estate sector need more clarity: Capstone’s Sherif Raafat
Ex-chief of bourse heads real estate funds worth $250m
CBE cuts margin to trade US dollar with local lenders
Step seen to further throttle waning black market
Suez Canal zone to account for third of economy: Investment minister
The signing took place on the third day of the Economic Summit in Sharm El-Sheikh, for a zone which, it is planned, will account for 30%-35% of Egypt’s economy in 10 years’ time.
Economic growth must be inclusive: Mohamed El-Erian
GDP was high when 25 January Revolution took place; five steps key for sustainable development, says Allianz SE advisor
Dana Gas to pump additional $350m in Egypt until 2018
Gas output to increase by 170mn cubic feet per day by 2017
Egypt is taking strong policy reforms, to facilitate inward investments and boost trade: Immelt
The Egyptian government is taking bold policy reforms to attract investments.
Siemens to invest in Egypt
The company will build traditional and wind power plants
Summit’s second day kicks off
New investments, Memorandum of Understandings and partnership agreements signed
Egyptian government going in right direction of tackling challenges
In an interview with Daily News Egypt, Mustafa Abdel-Wadood, a Partner at Abraaj, said the government needs to tackle the historical challenge of “dual messaging” sometimes faced by private investors.
We believe that we will achieve a healthy return on our investment: Majid Al-Futtaim Holding
In an interview with Daily News Egypt, the company’s CEO Alain Bejjani said his company is reviewing several opportunities in the country, whether government projects, acquisitions or real estate, especially after embarking on a five-year plan to invest EGP 18bn in the domestic market.
BG says it believes Egypt’s debts will be paid off
BG looks forward to continuing over 25 years of investments in the country
Work needed to improve investment Egypt’s opportunities: Legal expert
Government introduced Investment Law amendments to restore investor confidence, particularly regarding contracts with the state
Deterioration in security situation would potentially be negative for investor sentiment: Moody’s
GDP growth, a reduction in state expenses and a drop in global oil prices are some of these credit-positive developments.
Egypt hopes to lure billions of dollars in investments during Economic Summit: Fitch
In response to Daily News Egypt’s questions, Gamble said the Gulf state’s support to Egypt’s economy will be in the form of FDI, rather than direct payments.
Government’s clear vision, genuine desire for equality encouraging: Allianz SE adviser
Investors care for economic growth only; “obsession” over debt, value of pound, or IMF is misplaced, says El-Erian