Latest in Tag: Business Highlight
Latest in Tag: Business
Return from insurance, pension funds in EGX double any other investment tool
EGP 100bn available for stock market investment, Minister of Social Solidarity highlights
Egypt discusses bilateral trade, joint investments with African ministers
Cairo will host meetings in September to discuss investment opportunities in Egypt, says Abdel Nour
Broad consultations with public companies, Arab Contractors to be listed on stock market: EGX head
We are aiming for 4.5% economic growth, 10.5% deficit and unemployment below 12% by fiscal year-end, says Mehleb
CBE agrees to cover 50% of foreigners’ money upheld in Egyptian market since 2013
There has been a crisis in upholding foreign traders’ money in the EGX and not transferring it, even two years after settling the purchase operations of shares, bonds, and treasury bills of foreigners.
Size of e-commerce to reach $13.2bn in Egypt, UAE, KSA by 2020
The report also stated that the most difficult challenge that faces e-commerce companies is their clients’ trust for online payment methods. 16% of the companies believe that users accept these methods, while 13% of the companies say that clients consider them unsafe.
Legislative law to be amended to increase Food Industries Company’s capital: Supply minister
Food Industries Holding Company plans to raise EGP 3-4bn capital increase through IPO
Actis not planning to sell remaining 15% stake in Edita
After Edita’s stock market listing in April, Actis sold 15% as part of the stock offering
Unrated bonds expected this summer: Sherif Sami
EFSA board will meet to discuss bonds regulation on Wednesday
Petroleum companies listed before fiscal year-end
MOPCO has already listed in Egyptian Exchange
Cairo Capital contract signing still in negotiations: Housing minister
Private newspapers reported this week problems between government and Emirati investors implementing the project
Shafik Gabr holds on to Skoda agency
No truth to reports of selling the agency, we are increasing the number of the company’s agencies, says chairman
FEI Transport Division, IDA prepare 2 proposals for auto industry strategy
Strategy presented to Minister of Finance to study sector’s tax system
Cross border infrastructure plan to stimulate free trade zone: African Union
Free Space project, including three African airlines, will be achieved in 2022, says Elalim
Rwanda has no concerns over Sharm El-Sheikh Agreement
Trade exchange between Egypt and Rwanda amounts to $ 4.6bn during first quarter (Q1) of 2015
Discussions on energy, telecommunications, infrastructure projects with Egypt: Ethiopian Finance Minister
Trade exchange between Egypt and Ethiopia amounted to $35m, divided into $9.7m for total Egyptian imports and $25m for exports
Abraj Misr to finish asset evaluation end of 2015 to list 15% on stock market
Company intends to pump EGP 2.5bn into building two tourist marinas on east and west coasts of Gulf of Suez
Real estate developers seek low cost funds from EGX
Listing real estate companies allows them to increase capital to compete with foreign companies
CBE continues pumping dollar liquidity to cover banks customers’ foreign currency demands
The CBE granted the banks $98.6 in an auction launched Sunday
EGX to play vital role boosting public revenues: Investment minister
The Egyptian Stock Exchange needs legislative and regulatory flexibility to attract more foreign investments for national mega projects, say experts
Tourism income expected to grow 47% by end of current FY: Ministry official
Tourism revenue rose by $5.5bn in three quarters of FY 2014/2015, compared to $3.1bn during the same period of previous year
Cyber jihad and cyber terrorism: A real threat to governments
By Karim Sahyoun When it comes to cryptography, it is important to understand that it is the practice of writing and solving codes. It has been around for centuries. It has decided wars, and it is at the heart of worldwide communication networks today. Imagine two people want to share important information they do not …
Negotiations to unify origin rules following agreement signing: COMESA Sec-Gen
Activation of a free trade agreement with the signatory countries in 2017, says industry minister’s economic advisor
Sukari Gold Mine production to increase to 500,000 oz by 2017: Chairman
We aim to produce 420,000 ounces of gold from Sukari Gold Mine in 2015, says Joseph El-Raghy
Antiquities Ministry completes 5 projects developing historical Cairo
Four external agreements signed to stop antiquities trafficking and recover smuggled antiquities, says El-Damaty
Traffic study for old Meridien Hotel to be presented to Cairo governorate this month
Investments of EGP 3.5bn expected through financing from Gulf bank, and 50% self-financing
Cash reserves fall by $1bn in May: CBE
Government works to attract investments of between $6bn-$8bn by the end of 2015 to push reserves growth
Johannesburg conference to discuss cancelling tariff between Egypt, African blocs
By Shaimaa Elise and Nehal Mounir The conference in Johannesburg, set to be held in June, will discuss the completion of the negotiations that started in Egypt, Nader El-Rayah Awad, Secretary-General of COMESA in Sudan, said. Awad told Daily News Egypt that a free trade area throughout Africa would not only include the 26 countries …
Sharm El-Sheikh Agreement may increase Egypt’s Africa expos: Assistant Foreign Minister of Madagascar
Mozambique, Angola and South Africa refused to sign Conference agenda during meeting’s opening session
Agreement signed to establish $300m project for gasoline production
Project targets production of a further 850,000 tonnes of high octane gasoline with investments worth approximately $300m
$1bn deficit in payment balance in first 9 months of FY 2014/2015: CBE
The figures compare to a surplus of $2.2bn during the same period of FY 2013/2014