Latest in Tag: Business Highlight
Latest in Tag: Business
Ministry of Finance approval necessary for solar energy project: Orascom official
Orascom Telecom awaits solar energy project PPA, says deputy executive director
Gas shortage remains main concern for heavy industries: Suez Steel Managing Director
Company has invested EGP 12bn in Egypt since 2010
ECHEM to use rice straw in ethanol production
Rice straw will be used to produce ethanol, which will be used to produce electricity
$45bn for Egyptâs new, renewable energy sector: Investment Minister
Government seeks to resolve land shortage, foreign currency crisis, with both still being studied by Economic Group, says Salman
Power outages expected to decrease this summer: Ganoub El-Wadi official
Ministry of Electricity plans to add 3,600 MW of electrical energy in summerÂ
EDBE seeks to finance exporters to Russia: ERBC Sec-Gen
Egypt was not a destination for Russian investors during past 20-30 years, Ezz noted
Egypt’s cotton exports increase 94.3% year-on-year: CAPMAS
Total quantity consumed of local cotton rose by 115.5% to reach 175,800 metric quintals during period from December 2014 to February 2015, says CAPMAS
Diminishing conventional energy sources versus economy growth
By the rate of consumption of crude oil which is around 4.5bn tons per year from 2010, and which is growing every year, oil is expected to be depleted by the year 2050.
$2.6bn to provide market fuel requirements during summer: EGPC CEO
$1.6bn for importing diesel fuel shipments from June until August, says Tarek El Molla
Is Egypt ready to strengthen trade exchange with Russia?
Egypt needs reforms to reassure Russian investors, success of Cairo-Moscow negotiations requires seriousness to establish new era of relations, experts say
2014/2015: The year of Egyptian-Russian economic relations
The trade balance between the two countries is in various sectors; mainly in construction materials, tourism, fresh produce, and furnishings, spinning and textiles.
500 local, regional, international experts to participate in âEnergy and Future of Investment in Egyptâ conference
The conference, held under the patronage of the Ministers of Electricity, Petroleum, Investment, Military Production, and Environment, will review the effects of the energy crisis on the production sectors, and how have the high-consumption industries been influenced by it.
Electricity storage is Egyptâs major challenge to renewable energy expansion
Assembly to be established to save energy produced by solar and wind stations by end of 2015, says Galal Osman
Russia tops tourist income to Egypt last year at $2.5bn: Ministry official
Number of Russian tourists to Egypt increased last year to 3.1 million tourists compared to 2.4 million tourists the previous year
Sudanese Constructors Association negotiates MoUs with Arab Constructors: Chairman
Size of Sudanese investments in Sudanese real estate sector amounted to $30bn, says Dongula
Joint venture formed between Juhayna, Arla Foods
JV will expand Juhaynaâs product portfolio to include cheese, butter and infant formula, will be 51% owned by Juhayna and will be managed by Arla
Egyptâs consumer confidence index remains consistent in Q1 of 2015
Increase in perception of local job prospects, decline in points for and power of investment
Agriculture ministry allocates 10,000 acres to PepsiCo: Director General
PepsiCo imported potato seeds in conformity with production specifications last year worth $27m
20% expected growth in 2014-2015 revenues: Banque Misr Chairman
Bank is launching lease company and 15 new branches for Islamic services, says Eletreby
Availability of foreign currency, public debt growth largest challenges for encouraging investment: World Bank economist
Poverty rates are still high, especially in Upper Egypt
New public holding company to invest in development of Egyptâs monuments: PM
The company targets providing fund to restore and maintain monuments, says cabinet spokesperson
Suez Cement seeks to increase production capacity by 15%
Italcementiâs CEO said in March the company is focusing on diversifying energy sources
Shell, Apache to start first shale gas production next February: EGPC Chairman
Second well in Apollonia field to be linked to national gas network in 2H of 2016
Cabinet agrees $400m World Bank loan for social safety nets: El-Kawish
Loan will support Egypt in creating “Solidarity and Dignity” cash support programme, says cabinet statement
Knauf targets $15m gypsum boards sales through new Egyptian factory
By Ahmed Adly Sales from German company Knaufâs recently opened factory in Suez could reach $15m in Egypt and Africa during the first year of production, said Alexander Knauf, Managing Partner of the company. The company, which specialises in modern building materials, plans to sell 8m sqm of gypsum boards during the first year of …
COMESA economic investment forum in Egypt next October
âWe are studying establishing a unit at GAFI to provide economic and investment information to African countries,â says investment minister
Lower production in Egypt pushes OCI NVâs total production down
Company says gas shortages have resulted in significant decline
Government revives 90m sqm Fayoum development plan: Official
Investments targeted in region amount to EGP 30bn, of which 90% are tourist investments
33 million Truecaller users in Arab region:Vice-President of MENA Growth Partnerships
Egypt is second largest market worldwide with 10 million users
Elite is not ready to sacrifice for the public benefitâs good
By Sherine Sobhy Holding his cigarette, lost in thought, Bahaa Taher looks more like Don Quixote, whose patience and hope help him cure his own melancholy over the country. Despite his age, his vivid soul is still shinning. âI live life with an old manâs heart,â as he says. However, you quickly realise this is …