Do legal concerns hamper Egypt’s government IPO programme?
Heads of government companies’ reservations were solved by reorganising programme in May, state official says
Samira Saeed
16 Articles
Latest by Samira Saeed
Pound flotation posed challenges for banks’ financial positions in 2016: Business News Index
SAIB, Audi, NBE recorded the lowest ratios of unregulated loans portfolios
Actis to establish wind farm in current quarter
Agreement with the government over the establishment to be signed soon
El Borg Establishment aims at 40% growth in sales this year: general manager
Offsetting decline of sales to tourism facilities through supplying products to cafes
Food exports expected to grow by 15% by the end of 2017: head of CFI
This year is difficult for investors, says Gazayerli
Tiba For Starch & Glucose targets 40% more sales by end of 2017
Exports in 2016 registered $1m, says El Ghorory
Domty plans to operate production lines for bread and turkey cheese in the second half of 2017
The Arabian Food Industries Company (Domty) plans to run a production line of bakery turkey cheese in the second half of this year. Domty vice chairperson and deputy managing director Mohamed El Damaty said that the bakery production line is at the processing stages to start production as soon as the dollar price stabilises; and …
Golden Foods introduces its latest cereal in Gulfood 2017
Golden Foods intends to introduce its latest breakfast cereal during Gulfood Exhibition 2017. Chairperson of the company Raafat Rozeika said that the company obtained the approval to use the trademark “Angry Birds” to produce a new type of cereal that will be introduced to the local market, as well as for export. He pointed out …
Will commodity prices go down as pound strengthens?
Companies pledge to bring prices down; others refuse due to inventory input
Ayadi invests EGP 750m to develop 307 feddans in Qantara: managing director
Signing final contract with General Authority for the Suez Canal Economic Zone in April; completion of constructions in 2018
NBE, Banque Misr grant EGP 10bn in loans to SMEs in January
Banque Misr is considering pumping new loans worth EGP 1bn into the sector
Government backtracks on gas price reduction for steel factories
$1.8bn will be spent on importing billet rather than producing it locally, says El-Daw
Our company invests EGP 35m to produce starch from rice: Tiba Starch and Glucose Manufacturing chairperson
20% increase in production costs because of the US dollar price, 50% sales decline
Mondelez Egypt Foods reaches sales worth EGP 1.4bn in 9 months
Mondelez Egypt Foods reached sales worth $1.4bn during the first nine months of 2016. The company’s regional director for Egypt and North Africa, Bilal Sharbatly, said that Mondelez acquired more than 40% of the market volume, which amounts to EGP 3.5bn. He told Daily News Egypt that the sales volume reaches about EGP 1.4bn, up …
We aim to increase sales by 20% in 2016: Domty chairperson
The company intends to inject EGP 200m worth of new investments in 2017
Halwani Brothers targets exports worth EGP 150m by end of 2016
Halwani Brothers targets to grow its exports by 20-30% by the end of 2016, compared to last year’s ratio. Mohamed Adel, the exports director at Halwani Brothers, said that the size of exports is expected to reach EGP 150 by the end of 2016, through exporting halva, tahini, jam, and frozen strawberries. Adel added that …
Glass industry in Egypt is in danger: Sphinx Glass Ltd executive manager
The flat glass industry in Egypt is in danger due to rising costs, the foreign currency shortage, and the lack of some production inputs, according to Mohamed Khattab, executive manager and managing director at Sphinx Glass Ltd, and member of the Chamber of Chemical Industries at the Federation of Egyptian Industries (FEI). Khattab said that …
Parliament agrees with Finance Minister to pass VAT in exchange for imposing another tax
Elswedy is negotiating with the Industry Ministry to expedite allocating lands for free as well as their usufruct right