Latest in Tag: Business Highlight
Latest in Tag: Business
EGP 70m investments for ETAA in New Suez Canal certificates
Expected revenues amount to EGP 8m annually
Uber organises 1m rides in 305 cities worldwide: MEA Head of Expansion
Cairo caught our attention for its need for smart transport solutions due to population density, says Khoury
Saudi investor acquires 10% of Spreado
Our target is to increase the company’s capital to reach EGP 250,000, says CEO
Flat6Labs approves 10 startups in Saudi market
Flat6Labs is a startup accelerator programme that aims at encouraging entrepreneurs to establish their own companies.
Egypt needs an energy mix with various sources
42% of electricity capacity spent in domestic use, only 35% goes to industrial use
Orascom Development Holding registers EGP 26.6m investment gains
During Q1 of 2014, investments gains recorded EGP 39.5m
Russia presents newest aircraft to Egypt’s aviation minister
Sukhoi Superjet 100 is a medium-range aircraft that can accommodate up to 95 passengers
Economic reform needs tax development, public spending rationalisation: Former PM
Government aims at reducing budget deficit during the current FY to 10%
NUCA reclaims 10,000 acres in Farafra in 1m acres project: Mazen Hassan
Authority raised budget to EGP 28bn for next fiscal year to expand low and middle-income housing projects
Crescent Petroleum targets entering oil drilling operations in Egypt: Al-Qadi
Egyptian government did not breach agreement with Emirati companies in Egypt, says company’s president
$20m potential exports from North Caucasus district to Egypt: President
Yevkurov said he has invited Egypt’s ministers of industry and agriculture to visit Ingushetia to showcase investment opportunities
Egypt studies Russian road, infrastructure investments: Supply minister
Railways and logistics projects proposed in front of Russian investors
Banque Du Caire grants $60m to Egyptian Electricity Holding Company
Loan is $521m in total, and will be used in launching power plants of 2015 third emergency plan
Egypt buys 3.9m tonnes of local wheat since April, finance ministry to step in: Supply minister
Local and imported wheat stock necessary to ensure supplies of subsidised bread are enough until 22 October, says Hanafy
1 free market for 3 main African economic blocs: Trade minister
FEI will send invitation to AfDB to take advantage of its expertise in activating the role of the Egyptian exhibitions abroad, says FEI chairman
Egyptian-German MoUs to be signed during Al-Sisi’s Berlin visit
“If I can’t transfer my profit back, why should I invest,” says German-Arab Chamber of Industry and Commerce chairman Ulrich Huth
27 Indian car manufacturers, merchants to visit Egypt in June
Egypt in third place in feeding industries in Middle East and Africa
Automotive market parties establish Egyptian Automotive Council
No one can deny market is divided, council is chance to reunite, says El-Tobgy
Foreign partners’ dues now amount to $3.5bn: EGPC Official
Fuel subsidies were trimmed through this fiscal year to EGP 100bn to face budget deficit
Renewable energy investments promising for Egyptian, foreign companies: TAQA Arabia Executive Chairman
TAQA Arabia has alliances with US and Greek companies to set up two plants with 150 MW in electrical capacity
ECHEM to finish propylene production study with investments at $2bn: Vice-President
By Rana Yehia The Egyptian Petrochemicals Holding Company (ECHEM) will finish a study conducted to produce propylene by the end of this year. ECHEM Vice-President Hussien Ismail said the project is worth $2bn in investments, but refused to reveal the names of the international offices that are currently studying this project. ECHEM is due to …
Cement factories face difficulty in using coal within energy mix
Government must provide alternative areas for factories in demographic areas, cement factory owners say
Steel industry investments of EGP 150bn face collapse: Gamal El-Garhy
Despite recently imposed protective duties on steel imports, 300,000 tons reached Egypt from Turkey and China
35 allied investment groups request land for projects
A total of 35 allied investments groups are proceeding to apply for lands to launch projects. Egypt has 136 sites for renewable energy projects, with 87 for solar energy and the rest for wind energy, El-Sobky added.
Projects worth $10bn to be proposed in petroleum sector: Sherif Sousa
Sousa mentioned that some mining projects are now under construction, and that they work on creating the suitable atmosphere to attract more investments in the energy sector through a complete plan.
Traders demand ID e-readers, service providers to resume selling mobile lines
NTRA’s decision to ban the selling of lines outside mobile companies branches activated
Executive regulation of investment law to be issued within 3 weeks: Salman
Next week, MoU will be converted into final contract with investment at EGP 35bn, investment minister says
Fictitious discounts advertised in Egyptian automotive market
Market indicators illustrate some companies sell certain cars below fair prices, experts say
Investments in electricity boosted through legislation: Electricity ministry
Al-Sisi to approve new electricity law, says ministry undersecretary
Ganoub El Wadi sells data for 4 zones in most recent bidding round
Four companies are purchasing data for four zones in the Gulf of Suez