Latest in Tag: business news Highlight
Latest in Tag: business news
Cairo suffers shortage of middle-income housing: JLL
Government and developers need to cooperate in fixing the shortfall, JLL suggested
Qalaa Holding to expand Nile transportation project to Adabiya, Damietta ports
Revenues from African Rift Valley Railways projects record $100m-$110m annually
Barclays profits up 15% in H1 of 2015
Assets inched up 3% to total EGP 18.5bn, while expenses surged to EGP 14%
EGX rises minimally, remains affected by global performance
Response of capital market was violent following expectations of a global economic slowdown, Omran highlighted
Customs should be applied on imported steel: Industry official
Steel prices expected to remain stable next month
Capital market plummets 5.42%, losses of EGP 15.4bn
Egyptian capital market saw 33-month low on Sunday
Arabian Cement studies selling frozen shares
Company held an IPO in May 2014
Al-Sisi meets with BG’s CEO
Egypt’s President Abdel Fattah Al-Sisi met with Helge Lund, the Chief Executive Officer of British Gas (BG), to discuss the company’s current activities in Egypt and its plans to increase its investments. The meeting was also attended by Petroleum Minister Sherif Ismail, according to an official statement by the presidency. The BG executive congratulated the …
Egyptian firms fear political instability, corruption: EBRD
Firms also identified informal sectors as one of the main obstacles they face in Egypt, the EBRD’s latest report highlighted
OCI NV holds discussions for possible transactions
Construction company did not provide further details on combinations and transactions under discussion
Travel, leisure sector fluctuates on EGX
Performances of sectors have suffered roller-coaster ride since the beginning of the year
Egyptians show interest in innovative products: Nielsen
Preference goes to products from well-known brands that have proven their quality
Dim international and domestic news pushes EGX down
EFG-Hermes unlikely to use stabilisation fund to support Emaar Misr’s stock in next 30 days, an official said
Tetra Pak still pursuing recycling project, looks at other partners
Recycling project initially announced in 2013, but no progress yet made; company aims to start by end of next year
PHD, MNHD to co-develop East Cairo residential community
Project’s revenue will range between EGP 4.6bn and EGP 5.5bn
Defined goals set in revised budget: Dimian
Government revision on budget included lower targeted budget deficit, lower spending and higher revenues
4.9% increase in YTD automotive market: AMIC
Chevrolet, Hyundai and Toyota remain the market leaders in May 2015
Trade balance tips in favour of international blocs with EGP 33.5bn
Exports to international blocs decreased to EGP 190.4bn between 2013 and 2014, imports surged to EGP 223.9bn
28% YoY decline expected in Luxor hotel room revenues: Colliers International
Medium-term tourism in Luxor sees a hit after recent militant attack
OTMT records EGP 373.8m net profits, 15% YoY surge
Company’s standalone net profits register EGP 221.5m
5% GDP growth, 10% budget deficit, 10% inflation by FY 2016/2017: World Bank
Uncertainty still surrounds the financing of mega-projects, World Bank said
ERC, KarmSolar sign contact to construct $2.5m solar station
KarmSolar company will rent ERC’s 50,000 sqm land while ERC receives 2% of the project’s profits
Wataneya Society launches competition for orphanages
Donations to orphanages significantly declined following infamous incident of Mecca Al-Mukarama Orphanage
Annual production of 5bn-7bn packages needed to establish facility: Tetra Pak official
Company’s production and net sales expected to grow by 20% in 2015
31% decline in food products imports: Ministry of Finance
Ministries of Finance and Supply take steps to prepare for Ramadan
SODIC expects EGP 4.5-5bn in contracted sales in 2016
Company hopes to start sales in North Coast project by end of this summer
EFG Hermes launches EGP 100m leasing services company
EFH Hermes Leasing will cater to SMEs and corporates
Orascom, Siemens construct 2 power plants
Contract value for 4,800 MW power plant is €2bn
Emirates Airline celebrates $913m sukuk listing in NASDAQ Dubai
In 2013, the airline listed $1bn sukuk in NASDAQ Dubai
REACAP sells Alexandria land piece for EGP 332m
EGP 120m of 13,452 sqms land sale went to REACAP