Latest in Tag: Business Highlight
Latest in Tag: Business
Egypt responsible for Cairo Capital project should negotiations with partners fail: Assistant Housing Minister
Negotiations with Emirati investors facing huge challenges, but ministry insists on establishing the project even if negotiations fail, says Abbas
AIB not for sale after losses turn into profits: Chairman
Bank capital increased to EGP 1bn and volume of deposits jumps to EGP 6.5bn in three years
United Bank donates 30 medical devices to Ain Shams University Hospital
Ashmawy added that since the United Bank founded the administration, called Eithar, for community development in October 2006, it has been supporting two main axes: health and education, due to their great impact in societal development
Banks await Majid Al Futtaim announcement on funding alliance: āBank Audi Egypt
Two bank alliances, consisting of 12 banks, compete to grant company EGP 2.4bn
Emirati Metito pumps EGP 65m to desalinate seawater, sewage in 4 tourism projects: Managing Director
Egypt is prominent regional tourism destination, making company intensify activities in the sector in next period
Nissan to negotiate with overseas suppliers to establish factory in Egypt: Cabinet
We plan to produce 26,000 cars in 2015, compared to 21,000 last year, says Nissan Deputy Chairman
Egypt participates in Johannesburg African Union Summit
Total trade exchange between Egypt and South Africa amounted to $76.6m during first quarter (Q1) of 2015
WPP selected to organise New Suez Canal opening
New Suez Canal drilling will be finished on 15 July to prepare for tests and opening trials
EGP 126.3bn in oil product subsidiesā expenditure in FY 2013/2014: EIA
In 2013, Egyptās total primary energy consumption was 1.7m barrels per day of oil equivalent, according to BP 2014 Statistical Review of World Energy
Banque Du Caire funds purchase of 1,000 cars in 1 month
Banque Du Caire has launched new fund programmes, such as the used carsā loan programme launched this month.
Demands continue for dollar liquidity for imports
CBE has pumped $4.8bn in liquidity since the start of 2015
Banque Misr provides EGP 1.75bn share in EEHC loan: Bank chairman
Loan will be directed to pay part of EGPCās dues
CBE made bold decisions during Al-Sisiās first year: Banking leadership
Decreasing the poundās value against the dollar, limiting foreign currency deposits in the banks among CBE most daring decisions in past years
Public debt increases to 93.8% of GDP, poses risk to economy: Economists
High rate of public debt makes banks unable to fund budget deficit, which increases governmentās will to fund deficit from abroad
Workers in Al-Sisiās Egypt’s: Muted by promises of ādevelopmentā
The study stated that Egyptās investment regime does not place legal restrictions on foreign investors regarding the transfer of profits outside Egypt, nor does it stipulate that investors should reinvest parts of their profits in the country.
Tripartite agreement prepares for African economic power by 2063: Al-SisiĀ
Maritime line project is being studied, linking Victoria Lake and Mediterranean easing trade movement inside Africa, says Al-Sisi
19 Egyptian companies rank in Top Arab World Companies: Forbes Middle East
The country did not make it to the list of the ‘Top Private Companies Making an Impact’
Egypt to regulate trade and investment forum in Africa next October: Al-Sisi
Future mapping for the implementation phase of the agreement before the fourth summit of the three blocs, says president
$35bn in Egyptian black market: CBE Governor
$2bn for Egyptian maize imports in 2014, says Ramez
Egypt, Ethiopia negotiate FTA procedures between 2 countries
Specification of 1m metre pieces of land to pump additional expansions for investors, says Gaber
Sawiris family plans to invest in Ethiopiaās hotel sector: Ethiopian PMās advisor
Ethiopia encourages Egypt to invest in wheat agriculture to provide grain supply for Middle East and Russia, says Reda
Egypt on right track to reform energy file with support of political leadership: Expert
Al-Sisi’s government made bold decisions, including opening door for private sector to produce energy, import gas, and restructuring subsidies, says Hossam Al-Garhy
Egyptian banking sector EGP 2tn in 2014: Fayed
Bank deposits increased 17%-20% over last three years, loans increased by 10%
Annual inflation in Egypt rises to 13.5% in May: CAPMAS
Vegetable prices rose by 7.7%, meat and poultry by 2.7%, and fruits by 0.8%, says CAPMAS statement
We plan to increase business to EGP 750m by year-end: ECG chairman
Company working on designing smart village in Jordan on 1m sqm, and another in Uganda on 50 acres
$20bn expected trade balance after activating tripartite agreement: COMESA Sec-Gen
Total funding for annual infrastructure projects at $52bn, only $22bn provided causing Africa to lose infrastructure fund, says Ngwenya
Colors plans to launch crowd-funding campaign through Tennra
By Nesreen Ramsis Colors Company hopes to collect $25,000 through the crowd-funding platform of Tennra. Tennra is one of the first crowd-funding platforms in Egypt, depending on collecting the needed funds for the start-ups through individual investors as well as companies, in exchange for prizes in kind. Tennra in turn obtains a percentage of the …
Elsewedy Electric registers EGP239m net profits in Q1 2015
Consolidated revenues inĀ Q1 of 2015Ā decreased by 8%, to reach EGPĀ 4bn versus EGPĀ 4.3bn in Q1 2014, company says
HSBC dismisses employees, management in Egypt remains silent
According to a bank statement, 8,000 employees out of 48,000 employees who work in the bank’s UK branches will be affected.
Alexandria Port Authority completes 91% of 2015 investment plan: Chairman
Alexandria Portās investment plan for current fiscal year amounts to EGP 460m, with self-funded projects