Latest in Tag: Business Highlight
Latest in Tag: Business
International coalition to promote New Suez Canal opening: Mamish
The Suez Canal Authority signed a memorandum of understanding (MoU) with two French companies as well as two companies from Egypt and the US, for the planned opening.
Emaar sets share price at EGP 3.5-EGP 4.25
Around 15% will be offered publicly, remaining 85% will be offered privately for qualified institutions
Sharm El-Sheikh declaration to be signed liberalising goods, services trade
Four new Egyptian Commercial Services offices to be opened in Africa before the end of the year, Says El-Leithi
MIDB pumps EGP 800m new loans before end of 2015: Managing director
Industrial sector acquires 40% of total loans from the bank, says Amr Tantawy
12 new United Bank branches in 18 months: Mohamed Ashmawi
United Bank branches will increase to 62, to cover all the governorates
CIB receives 5 international awards in 1H of 2015
There are abundant opportunities across Egyptian market, says Chairman
Government to oblige desert land reclaimers to take part in utilitiesâ cost
GARPAD gives one month to violators that changed activity from agricultural to housing, otherwise buildings will be removed, says cabinet spokesperson
MATIA holds new negotiations with airlines over operating in area: Chairman
The Marsa Alam area includes investments of over EGP 11bn, area is ready to become a tourism city competing with Sharm El-Sheikh
EGAS to prioritise pumping gas in summer to fertiliser factories for local market
Fertiliser factories agree with ministry of agriculture to supply 78% of their production locally
Ministry of Electricity studies GE offer to build new energy generation centre
The project is to be built in Helwan to add 4,500 MW through combined cycle technology
CBE controls importersâ manipulations
Banks activate automated âModel 4â to determine real importing demands
Revenue of dollar bonds sold by Egypt is convenient: Analysts
Covering bonds worth $1.5bn was raised by Egypt in foreign markets three times
Real estate tax crisis ongoing between banks, finance ministry
Mediation fails between the banking sector and the government over obliging banks to pay tax on defaultersâ real estate
Conference discusses cloud computing with MENA region companiesâ CEOs
Extensive talks and workshops to reach a solution for the problems faced in the field
Emirates Airline celebrates $913m sukuk listing in NASDAQ Dubai
In 2013, the airline listed $1bn sukuk in NASDAQ Dubai
Petroleum ministry to provide 135m cubic metres of gas daily in summer: EGAS
Approximately 83.5m cubic metres of gas, 24,000 tonnes of fuel oil and 8,000 tonnes of diesel provided daily to power stations
What was behind Standard & Poorâs Positive outlook?
More than three quarters of Egyptian public expenditures are allocated for the wages of 6.5 million public sector workers, different subsidies programmes and debt services.
5% of Egyptâs population suffers from food insecurity: FAO
Political struggle in Iraq, Syria, Sudan, Yemen, and Palestine increased spread of food insecurity, says Ould Ahmed
USAID to fund SMEs project in Egypt in 6 months: Director of Egypt mission
The agency allocated no less than $150m to fund new enterprises beginning next September, says Carlin
800,000 German tourists visited Egypt last year, bring EGP 2bn revenues
German tourists stay in Egypt for one week on average, instead of two weeks before 25 January Revolution
Investments worth EGP 9bn in 59 projects on TDA lands by end of current FY: TDA Chairman
TDAâs activity growth before the end of FY 2014/2015 led to financial surplus of EGP 258m at the Ministry of Finance
Committee formed to resolve Samsungâs tax, custom issues
We plan to increase our investments in Egypt through establishing three factories with $300m investments, says Chairman of Samsung
Infrastructure, proliferation of services keys to doubling TE’s revenues in a year: Experts
Losses started with Mobinil entering the market, and licences should not be issued without the development of the operatorsâ infrastructure, says Abu Quraish
Unified licence, national entity, Internet prices TEâs most significant issues
Management changes since 2000 have failed to make a breakthrough, says SSTE deputy head
Internet service, revenue increase Elnawawyâs most important Telecom Egypt achievements
Deterioration in relations with mobile companies is most prominent failure of former chief executive
Telecom Egypt back to square one
By Mohamed Alaa El-Din and Aisha Zedan Many years were wasted in negotiations between the Ministry of Communications and Information Technology and mobile companies on one hand, and the National Telecommunication Regulatory Authority (NTRA) along with the four phone operators on the other. The negotiations aimed at implementing the unified license, but things got complicated, …
First MOPCO Fertilizers production line to run next July: ECHEM
MOPCO Fertilizersâ first production line will operate next July to add approximately 650,000 tonnes of nitrogenous fertilisers to production every year. An official at the Egyptian Petrochemicals Holding Company (ECHEM) told Daily News Egypt that the last phase of MOPCOâs expansions includes a second production line. This will be in operation by the end of …
13.9% growth rate of banksâ foreign deposits during March: CBE
Market witnessed competition in attracting foreign currency savings, according analysts
EGP 23.3bn increase in bank loans in March: CBE
The private sector acquired 80.8% out of the total loan balances
ETF to demand banks initiate purchase of bankrupt companies: Official
Big banks that would be asked to execute plan are NBE, Banque Misr, Housing and Development Bank, CIB, and Barclays