Latest in Tag: Business Highlight
Latest in Tag: Business
3% reduction in car sales during first 4 months of 2015
The market recorded sales of about 14,800 passenger cars in April, compared to 15,200 in April 2014, with a reduction of 2%, while buses sales increased to reach 2,700 buses compared to 2,500 buses, with an increase of 9%.
Youth car to be launched for EGP 20,000
AAST will design the car, while production will take place in the AOI
Financial services, real estate companies lead stocksâ trade in May
Value of traded securities during previous month totalled EGP 18.3bn
GDP to grow 5.6% annually between 2020 and 2030: HSBC
Oil contribution to exports to drop to 14% by 2030, electronics exports may rise at 11% per annum during next 15 years
HSBC considering financing Egyptian projects: Amr Bahey
HSBC Egypt loan portfolio grew 9% last March, says senior official
Al-Sisi’s Germany visit opens door for German investments: Businessmen
SMEs are important, as 90% of Germany’s economy depends on them, says Mashour
Eni pumps $2bn in the Egyptian oil sector
Agreement signed between company and EGPC to modify gas prices, introduce new activities
Egyptâs IBP index rank risks fall due to budget delay: Economists
Egyptâs rank was best in 2010, but after the 25 January Revolution it declined considerably
EGP 500m extra subsidy for supply commodities in Ramadan: Finance ministry
EGP 5bn to agricultural credit and supply commodities to finance purchasing local wheat, says budget director
Eni pumps $2bn in the Egyptian oil sector
Agreement signed between company and EGPC to modify gas prices, introduce new activities
Launching Egyptian-Russian-Emirates fund will take at least 6 months
Fruit shipments sent back to Egypt because it they did not meet Russian health standards
Government to establish tourist, commercial, and logistics centre in Alexandria Port
The logistics centre will operate rapid transport lines and deliver Egyptian agricultural products to European markets in three-four days, says cabinet spokesperson
Giza Governorate, Ministry of Communications to activate tech role in public services
By Mohamed Alaa El-Din The Ministry of Communications and Information Technology conducted an agreement on Saturday with the Giza Governorate activating the role of Egyptâs information technology companies in developing the services offered to citizens. The agreement comes within the strategic plan of the ministry which aims at developing the information technology industry. According to …
SFD allocates EGP 10m to convert 2,000 cars to natural gas
SFD contributed towards conversion of approximately 17,400 cars by providing financing worth EGP 87m, says Secretary General
Government demands company to manage archaeological areas: ETF Chairman
Two Saudi investors offer to establish company with $50m capital to manage archaeological areas
Arab African Bank signs agreement with Temenos, IBM to develop tech systems
The Arab African International Bank (AAIB) signed an agreement with leading banking systems company Temenos and IBM, specialised in manufacturing and developing software, to develop the bankâs core banking system. The new system aims to improve and maintain the bankâs performance in the customer service field through developing the infrastructure of ATMs and electronic banking …
$600m from World Bank for Egyptâs small-, micro-enterprises
Total funding from the World Bank has reached $5.4bn over 25 projects, according to World Bank Former Country Director for Egypt, Yemen and Djibouti Hartwig Schafer.
NBAD-Egypt represents 8% of bankâs total activities
Bank targets activating brokerage in commerce between the east and west for development
Egypt to build 2 solar power plants in Congo
Project implementation assigned to Arab organisation for Industrialisation by direct order
Initiative to postpone payment of tourism dues to end of this year
Losses of tourist activity nears $10bn over the past four years, using 2010 a standard to measure tourism income in Egypt
Tasneef, ADNATCO sign Inspection and Quality Certificates agreement for 2 ships
The two vessels, Al Bazm-II and Al Sadr-I, are the first of their kind to be classified by Tasneef.
Ain Sokhna petrochemical project funding to be completed by year-end
Launching the “Tahrir Petrochemical Project”, at $7.5bn, with $4bn from banks loans and $3.5bn from the shareholders, says El-Baz
NCFPMAC urges Al-Sisi to stop âgovernment recklessnessâ in fuel price increases
Transportation fares expected to increase due to lack of government supervision, centre said
Rixos Seagate Sharm to launch in August with renovations of $55m: General Manager
Three Rixos Hotels will be opened by 2016-2017, says Huth
NBAD managing $1.5bn bonds for Egyptian government: CEO
NBAD prepared five-year plan to promote its shares in Egypt, will play important role in Egyptian economy in upcoming period
Russian company, Egyptâs defence ministry negotiate developing army equipment: CEO
Ural Vagon Zavod plans to establish a military factory in Egypt
EGAS stops pumping gas to 60% of factories
Decision comes to save fuel for electricity; 3.2 cubic feet of gas pumped daily into power stations
Telecom Egypt CEO sacked
Tarek Aboualam and Khaled Sherif most likely candidates to replace El-Nawawy
ETAA presents demands to Mehleb to raise sector efficiency
Egyptian Travel Agents Association proposed nine demands, including necessity to participate in regulations for activities
Insurance premiums reach EGP 4.3bn in Q1 2015
Life insurance premiums register EGP 2.6bn in Q1 2015