Latest in Interviews Highlight
Latest in Interviews
5% expected growth in computer sales after exemption from import regulations
This decision will help companies boost their sales, particularly after they faced a decline last year, due to the lack of dollar availability.
Centamin calls for Egyptian mining sector reform believing country to have surfeit of gold
Egypt must modernise its mining polices, towards a tax, royalty and rent system and away from the production sharing system
I trust that Sherif Ismail will leave his post by August: Al-Moghazy
I was not given a real chance, says former assistant to the prime minister
Egypt’s economic gains highly susceptible to risk events
Implementation of VAT as replacement for current sales tax is the cornerstone of revenue-side reforms in Egypt, says Mathias Angonin
Egyptian basketball greatly suffered over past decade: Mohamed Yousef
Commentator discusses the state of basketball in Egypt and the region, Qatari relations, and the NBA
Egypt committed to reforms, sustainable stability, growth: Afreximbank Chairman
Bank earmarked between $50-100m as initial funding for local banks and factoring companies, says Oramah
AAIB predicts a better outcome with new offers and services in 2016
Bank is targeting about 30% average growth on retail, says head of retail
Egypt ripe for electronic payments due to widespread use of mobile phones: Visa Egypt GM
Visa accounts for 61.5% of total cards issued worldwide, its share in Egypt is similar, says Mahfouz
NCR aims to boost Egypt business to EGP 1bn over next 3 years
Company accounts for about 90% of ATMs in Egypt, says Africa Managing Director
Retail banking accounts for 24% of Bank Audi Egypt’s total loans portfolio
EGP 3.8bn in individual loans from bank throughout September 2015, with an aim to increase this figure by 30% this year, says head of Retail Banking
United Bank aims to expand SME financing in 2016
Bank is reconsidering investment policies and will open 12 new branches to focus on developing the Suez Canal area, says Abdel Hamid
HDB aims to inject EGP 500m in retail loans over 2016
Retail loans constitute 58% of the total loans portfolio in the bank, says Assistant Managing Director
CIB-Egypt launches innovative digital products, aims to attract more new customers during 2016
CIB puts simple conditions on opening accounts for youth to attract them to the banking sector
EBRD continues supporting Egypt’s efforts to attract FDI in 2016
Egypt is important for EBRD, ranks number 4 in terms of investment among its 36 countries of operation
Egypt’s government adopts holistic approach to reform the energy sector: AfDB
AfDB hopes reducing energy subsidies in Egypt to 3.3% in FY2016
Budget deficit will be above government expectations: Fitch Ratings
Mega projects were a catalyst for some private sector investments and helped lift business confidence in Egypt, says Fitch Senior Director
Cisco participates in investment fund for emerging companies over 2016
Internet of Things and smart community solutions are the most prominent investment opportunities in Egypt, says Al-Gohary
Egyptian government provides optimistic view of ICT sector: Intel
Clouding computing and Internet of Things are the most prominent investment opportunities, says Khalifa
Chairman of Central Administration of Cairo Customs on new customs’ procedures
GAFI to establish a developed logistics centre to accelerate importing shipments
Supply Ministry receives 16 offers for establishment of commercial chains branches in governorates
El-Max plant in Alexandria is provided up to 70,000 tonnes of crude oil, says Hanafy
Tourism income indicators expect to show decline of 18% in 2015: Tourism Minister’s advisor
Ministry to establish national carrier to avoid tour operators’ monopolisation and rerouting tourism, especially in times of crises
Beta Technology Egypt introduces new technologies to drive growth: CEO
We plan to increase our business size from EGP 40m in 2015 to EGP 160m by end of 2016
Phase 2 of the Primera Compound to be implemented in current quarter for EGP 70m
MNHD is considering partnerships with developers for non-residential projects during 2016, says GM
Acronis experienced 60 % YoY growth in the Middle East and Africa
Acronis can protect and safely share sensitive data for government agencies of all sizes and any budget
Intel plans to launch competition on industrial projects for Egypt and the region
Intel “She Will Connect” programme aims to close the Internet gender gap, connecting millions of girls and women to opportunity
Pharos seeks to promote increased investment in 2016: Sherif Abdel Aal
We are organising nine acquisitions deals for Egyptian companies in the food, retail, and medicine sectors
NBE to increase retail loans to EGP 50bn by end of 2017
Retail loans reached 21% of the bank’s total loans portfolio, and will be increased to 40% over three years
Cloud computing prominent investment opportunity in Egypt: Xerox GM
We plan to launch software for the health sector and hotel services during 2016, says Haitham Abdou
UNIDO agrees with Industry Ministry, funding institutions to convert factories to operate on solar energy: Ceglie
$35m in loans allocated to factories with interest rates ranging between 6.5% and 7%
Visa will present Egypt with new opportunities for financial inclusion: Senior VP
Poverty alleviation requires multiple policy interventions and financial inclusion is just one, says Kehoe