Latest in Tag: Business Highlight
Latest in Tag: Business
Shops, hotels, companies increase demand on Egyptian ‘fanoos’ against imported
Orders for Ramadan lanterns made of sheet iron increased by 50%, compared to 30% last season
Nuts with the taste of revolution
Hazelnut prices increased three or four times to reach EGP 170 ($22.2) per kilo, because the government halted imports, says vendor
Israeli energy minister’s statements evoke Egyptian government’s silence
Importing gas from Tel Aviv saves $4 per million thermal units
Sharm El-Sheikh sees tourist influx, tourism remains unstable
Shopkeepers lower rents 15% to resolve recession crisis, says shop seller
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
Dollar crisis, long procedures affect technology imports: Importer
CBE only covers requests for strategic goods despite lack of alternative local technological products, says importer
EGAS dues from National Cement Factory worth EGP 1bn
We will not be able to provide gas in case dues were not paid, says Abdel Badie
Local, international institutions offer to invest $928.5m in treasury bills: CBE
The CBE launched this auction using $700m, receiving offers worth $928.5m to cover it, $728.5m of which were approved.
15% increase in customer service agents this year: Vodafone Egypt
Line sales increased by 23% due to services for deaf customers
No point in strategy to develop auto industry without body to follow up: EJB Auto Committee Head
The strategy should include replacing cars, and purchasing local products by governmental bodies, says Mohamed Salem
10 specifications on imported cars to be applied by July
Some of the 10 specifications concern headlights, tyres, door locks, and speed metres, amongst other items.
Bridgestone offers new Ecopia fuel saving tyres
New tyre saves 12% of fuel consumption, will be offered to trucks from August: Ahmed Yehia
Presidency adopts truck manufacturing project for youth
Instructions were issued to Ministry of Military Production to deliver 2,000 vehicles on daily instalment of EGP 100
Misr Italia announces new project in Ain Sokhna
Company announced plant expands with projects in other areas in Egypt
AIBK allocates EGP 300m to mortgage finance: SME Sector Head
The bank has 420 units under financing in 10th of Ramadan City provided by MFF, says Taha
CBE initiative to support tourism is only partial solution: ETF Chairman
Ministry of Tourism to support tourism investment fund with EGP 100m, of which EGP 25m sent to Ayadi company established by Ministry of Planning
Clients must resolve problems before benefitting from CBE initiative: IDBE Chairman
Initiative allows banks to allocate an amount for new loans granted to clients who do not pay debts on regular basis with 5% of fund’s value
Egypt on top of Frontier Markets Index: Merrill Lynch report
Egypt is best in class growth and strong earnings momentum, says report
EGAS to supply second gasification ship in September
Technical evaluation in place for offers from companies taking part in tender
2 billion people outside banking system: World Bank
International banking Financial Inclusion Summit 2015 ends in Budapest
Minister of Industry adopts new IMC plan on SMEs, clean environment
IMC will provide over 5,600 services for more than 2,000 companies during new fiscal year
Azza Fahmy: A local empire with global presence
Being international gives you strength as you do not only cater for one kind of audience, says Ghaly
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
Ratifying Sharm El-Sheikh agreement depends on private sector: Madagascar Minister of Commerce
We expect doubling trade balance between Egypt and Madagascar in different products, says Rabesahala
EFSA establishes first insurance awareness association: Chairman
Total investments of insurance companies and Egyptian insurance funds amount to over EGP 90bn, says EFSA Chairman
Study of propylene and derivatives project to be finalised by October: ECHEM
Study will be delivered to Boubyan Petrochemicals Co to activate MoU signed to execute the project
Rich people’s real estate is a way for hiding money: Sabbour
Low-income housing is witnessing a low turnout due to the inability of Egypt’s youth to pay as well as high interest rates.
CBE to offer treasury bills worth $700m
CBE will allow local banks and foreign institutions to subscribe to the dollar bills with a minimum of $100,000 and its multiples
Falcon secures 22 banks, acquires 54% of Egypt’s private guard service market: Executive Director
Falcon Group held a press conference last week, where it presented its work in securing the universities during the last academic year.
Ministry of Housing to reserve part of World Bank loan to fund housing unit tenants: Ministry official
The most prominent obstacle real estate investors complain of is the current scarcity of lands, which is the reason for price hikes.