Latest in Tag: business news Highlight
Latest in Tag: business news
IMF raises Egypt’s growth outlook to 4% in 2015
Inflation, account deficit rise while unemployment expected to decrease, IMF report revealed.
Heliopolis Company targets EGP 200m profits for FY 2015/2016
Company is studying issuing two tenders for four real estate projects
NUCA budget doubled to EGP 28bn in FY 2015/2016
New Upper Egypt cities will have a share in Authority’s development plans
4 public petroleum companies to be listed on EGX
IPOs of first two companies to be within Q1 of 2016
Foreign investments targeted for FY 2014/2015 range between $6-8bn
Minister of Investments says target may be lowered to $6bn
Government studies introduction of unrated bonds: Investment Minister
The bonds will be offered to “sophisticated investors”, says Salman
25% fee reduction for goods imported in Port Said
EGP 200m allocated for Port Said’s development in FY 2015/2016
Government target 4.2% growth rate for current fiscal year: Salman
Target for foreign investments for FY 2014/2015 is $8bn, says investment minister
Restrictions on money transactions anger Yemenis in Egypt
Yemeni protesters say transactions stopped while Western Union stated that only some regulations were put in place
EGP 44.7bn for petroleum subsidies during first half of FY
EGP 600m urgently provided to 7 ministries
Tourism promotion campaign to kick-off August
An integrated marketing campaign will be launched for emerging markets
17% of Middle East wealth builders invest in real estate: Citi
Households with financial assets of $100,000-$2m comprise world’s fastest growing wealth segment
Banque Misr registers highest net profit in its history
Bank assets to reach EGP 15bn after the approval it received from the CBE
EGP 2bn investments in coming 2 years: Mohammed Abou El-Enein
Investments will include new project in Marsa Alam and shopping mall in Sheikh Zayed
Solb Misr to pump $200m in investments: El-Garhy
Al-Garhy says his company has invested approximately EGP 14bn so far
MOPCO lists on EGX with EGP 2.3bn
MOPCO is third biggest nitrogen producer globally
Mehleb encourages AfDB to increase funding in Egypt
Prime Minister suggests the formation of trilateral cooperation
Summit’s second day kicks off
New investments, Memorandum of Understandings and partnership agreements signed
Income tax unified at maximum 22.5%: Finance minister
The minister unifies income tax for 10 years days before economic summit
Egypt purchases wheat worth over $79.1m
The delivery of purchased quantity will be supplied mid- to late-April
March Economic Summit promoted in London
Egyptian delegation, led by Ministers of Finance and Investment, heads to London
26 cars to purchase under EGP 20,000
Fiat, Renault, Skoda and Toyota all made Dubizzle’s list
Abraj Misr to start EGP 4.5bn project in April
The project is expected be completed by 2018
74.2% Y-o-Y increase in Palm Hills’ revenues
Net profit reached EGP 353.3bn, according to real estate company
African bond index launched by AfDB and Bloomberg
Bank announced last year it will expand its financial support to Egypt
Ministry of Supply studies listing FIHC in stock market
Ministry of Petroleum is also studying possibility of capital market listing
Orascom Construction Ltd submits listing request
Company expected dates of Egyptian offer to be between 1 March and 4 March
Qalaa Holding seeks to raise $300m from projects’ exits
The company exited Bank of Sudan, Sphinx Glass and Pharos Holding
Capital market sheds EGP 9.2bn
Trading day delayed for a minute to mourn lost Egyptian lives
OCI’s engineering and construction branch starts demerging
Demerged engineering and construction arm will be dually listed in Egypt and Dubai