Lifting sanctions on Iran puts pressure on Arab oil producing states
2m barrels of crude oil daily surplus between world production and consumption
Rana Yehia
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Latest by Rana Yehia
Kharafi Group launches Wadi Ghalib residential resort at Cityscape exhibition
Besides being a huge investment project, Port Ghaleb will provide varied job opportunities for the local market, says Al-Kharafi
Tabarak Holding launches ‘Ninety Avenue’ at Cityscape
Daily News Egypt interviewed Tabarak Holding’s Chairman Ali El Shorbany to discuss the company’s latest projects and its participation in Cityscape Exhibition. What is the value of Tabark Holding’s targeted investments by the end of 2015? The company is planning to pump investments of EGP 2bn over the next year (2016), as we are willing …
Tatweer Misr invests EGP 8bn in tourist housing hotel project
Daily News Egypt interviewed Ahmed Shalaby, Managing Director and Board Member of Tatweer Misr.
Hill International’s business volume in Egypt reaches $12bn
Hill International is a project management firm that manages mega public, private, infrastructure and industrial projects in Egypt. Daily News Egypt interviewed Hill International North Africa Regional Director, Walid Abdel Fattah,to discuss their projects. What is the total business value managed by Hill International in Africa and in Egypt? Hill International manages 48 projects in …
Cityscape Egypt 2015 will be largest edition yet: Director
We are currently exploring the launch of an additional Cityscape exhibition in Egypt, says Molman
Housing minister launches Cityscape exhibition Wednesday
The Cityscape exhibition this year will be one of the most successful rounds ever in terms of exhibitors sales, says Molman
Suez Canal development to include real estate projects
The real estate development opportunities in the Suez Canal development area still require clarification, says Chairman of Organic Engineering Consultancy
Tatweer Misr launches first phase ‘IL Monte Galala’
The project is on 2.2m sq metres over five levels of the Galala Mountain, and will be developed in 5 phases
ECHEM proposes 2 projects to improve petrochemical industry’s process safety, energy efficiency
“PHR” technique highlights process safety and risks determination to prevent major accidents
Mobinil plans to increase capital next year: CEO
TE has monopoly on Egypt’s internet market where they can fix the price they want, says Gauthier
Jinko Solar expanding in Egyptian market over medium, long term
The company has the intention to produce regionally, not only in China, says CSO
Cement price stable for 9th month, steel price stable for 8th month
Production of cement increased during August 2015 by approximately 87,922 tonnes compared to July
Cairo to host high level EEC meeting 14 September
Meeting will discuss feasibility study on establishment of free trade zone between Egypt and EEU states
Weakening outlook for global economy amid fears over China: Merrill Lynch Survey
Merill Lynch, the Bank of America’s (BofA) wealth management division, released on Tuesday the results of its Fund Manager Survey for August. It showed a weakening outlook for the global economy amid fears over China, recording low sentiment towards emerging markets and the energy sector. While the concern over a Chinese recession continues, global investors …
Unemployment rate falls to 12.7% in Q2 of 2015
Youth unemployment reached 26.6% for those aged 15-29 years, according to CAPMAS report
Egyptian Resorts Co achieves $ 21.4m net profits in H1 of 2015
The Egyptian Resorts Co achieved a profit in the first half (H1) of 2015, reporting net profits of EGP 167.5m ($21.4m) compared to EGP 21.3m ($2.7m) in losses in H1 of 2014. However, over the first quarter (Q1) of 2015, the company’s net profits reached EGP 3.2m, marking a 73.4% decline compared to the same …
Egypt Gas loses EGP 48.6m in H1 of 2015
Financial statements show revenues of EGP 544.68m, compared to EGP 290.1m during the same period in 2014
Egypt’s economy grew 3% in Q3 of FY 2014/2015: Dcode EFC
Real GDP growth reached 4.7% in first three quarters of FY 2014/2015, increasing from 1.6% during same period of previous year
2 bridges totalling EGP 120m to be implemented to support Suez Canal Axis development
Bridges will transport trucks directly from Port Said Port to El-Raswa Ferry then to East Port Said Port
2 bridges totalling EGP 120m to be implemented to support Suez Canal Axis development
Bridges will transport trucks directly from Port Said Port to El-Raswa Ferry then to East Port Said Port
Imported wheat ratio increased to 25% in milling operations
Imports of large quantities of Sudanese cattle are being negotiated, according to supply minister
The Suez Canal: Strong international competition to other waterways
Over the past 10 years, the Suez Canal has taken a large portion of the vessels crossing the Panama Canal through the maritime route between Asia and the eastern coast of the US. Despite the shortness of the route through Panama, shipping companies prefer the Suez Canal due to its larger capacity, the economic consultant …
Ganope announces results of oil, gas exploration bid
The company received seven offers for five exploration sites of approximately 23,200 sqkm with at least $100.3m investments
MICH board members purchase production requirements for EGP 2.1m
Company records 8% growth in net profit during FY 2014/2015
Egyptians frequently travel during Eid holidays
Travellers mostly head to European countries and Saudi Arabia, whereas Hurghada is the most desirable place in Egypt
Exits of foreign investments decrease by 12% in Q1 of 2015
European Union investments in Egypt in Q1 of 2015 reached $2.03bn, compared to $1.6bn in Q1 2014
NUCA implements Housing Ministry’s FY 2014/2015 plan
Authority continues to connect facilities to around 50,000 acres of land parcels allocated in previous FY
Total insurance instalments paid stands at EGP 5.7bn by April 2015
Total value of compensations paid in properties insurance has reached EGP 1.3bn, compared to EGP 1.06bn during the same period in 2014
Indra participates in metro smart card machines project bid
The company’s success in the first phase of the project has allowed it to qualify in the bid