Latest in Tag: Business Highlight
Latest in Tag: Business
5-year plan to increase market share to 5%, targeted fund portfolio by year-end: Atef El Dib
Q1 revenues at EGP 33m and 11 new branches within 2 years after the approval of the Central Bank of Egypt
CIB bank of the year ,Union National Bank Egypt the fastest growing : Business News index
NBE has most customer satisfaction, 255 companies take part in the evaluation, Emirates NBD is third best bank
CBE, EFSA cooperate for financial education programme
The proportion of Egyptians dealing with banks is 10%, says EBI executive director
Piraeus Egypt has highest retail banking portfolio growth for 2014
The slowdown rate in Piraeus Bank-Egypt’s credit portfolio has declined, according to Retail Director Iman El-Essawy. She added that a plan, strategy, and new programme for credit have been prepared, which were approved by the mother company in Greece, and new loans were also offered to citizens. El-Essawy said that the growth of the retail …
$500m tourism investments in North Coast await state support: Chairman of Egyptian Vacation Club
Tourism investors in the North Coast hope to get the state’s support in the region by facilitating procedures and eliminating the illegal seizure of lands
Hopes on investment banks to promote EEDC projects abroad: El Naeem Managing Director
EGP 5bn expected investments for real estate project in Moqattam, El Naeem to execute fiscal studies
Egypt seeks coal production increase despite solar power potential
Egypt’s coal consumption reaches 0.5m tonnes in 2013/2014, world consumption amounts to 3.7bn tonnes
Further gas shipment deals with companies that acquired first bid: Petroleum minister
Russian energy company Gazprom’s offer allows for supplying over 35 LNG shipments
Egypt refuses Kuwaiti offer over Ayyat land dispute, new negotiations to start: Salman
Government is serious in resolving all investment disputes quickly and fairly, to guarantee rights of country and serious investors, minister says
Tomato prices are not crazy, no increase in Ramadan
No one can control or monopolise the prices of vegetables because they have vulnerable expiration dates, says head of the FEDCOC
14 GCC, Egyptian investors request North Coast land for tourist resorts: Ministry official
TDA aims to offer North Coast land tender in second half of 2015 as part of country’s intention to develop region
Egypt targets 1 million German tourists in 2015: Tourism Minister
The target will be to reach 1.3 million tourists from Germany by the end of next year, Rami said.
Low Marsa Alam hotel occupancy threatens EGP 15bn investments: Deputy Chairman
Marsa Alam occupancy rates are at 25%, some hotels forced to shut down
Investments targeted using Google Maps
A new website launched on Saturday seeks to reopen closed facilities and attract skilled labour
Weekly average salary reached EGP 806 in 2014: CAPMAS
The weekly average working hours in both sectors reached 56 hours, recording 53 hours in the public sector and IPOs and 60 hours in the private sector
UAE to invest $2bn in Egypt in next FY in housing projects: Investment Minister
UAE Minister of State to coordinate between Kuwaiti, Saudi and Egyptian governments to determine spending of investments announced at Economic Summit
EGP 37bn to support food commodities in current FY: Supply minister
Volume of imported wheat in this fiscal year drops 40% to 4.6m tonnes, compared to 6.4m tonnes last year
Egypt Air studies offer from French Airbus to develop Egyptian fleet until 2025
Nuclear energy is a strategic choice for Egypt; discussions with Asian and European countries over the best use of nuclear plants and mechanisms of safely implementing them: Mehleb
Goodyear celebrates 10 years in Egypt, offers new tyres
Egyptian market consumes 5m tyres per year, says regional General Manager
Company facing defamation campaign by a foreign investor: ETA
630 employees and their families are threatened
Mercedes Benz enters Algeria after exiting Egypt
Company’s car assembly in the local market is not achieving further economic benefits
90% of cement factories agree to use coal in their production: Industrial Development Authority
‘Egypt Coal’ conference launched Monday
Mehleb demands bank credit opening procedures to facilitate basic commodities imports
Sector meetings with concerned ministers to study each sector’s circumstances for quick solutions to increase exports, says cabinet spokesperson
Arqaam Capital to enter Egyptian market through integrated investment bank
Plan to attract $1bn of foreign direct investments and global institutions to Egypt
UAE provides EGP11bn to finance 50,000 residential properties
Project to be finalised by July, according to head of Executive Body for Social Housing
Technical studies for Cypriot gas imports to be finished by June
Private sector may participate in deal, Gas Utility Regulatory Authority will issue importing licences
First cooperation agreement between EFSA and ECA signed
The agreement emphasises on the willing of the two parties in guarantying the freedom of competition and preventing all monopolistic activities
NCCD business grows by EGP 319m to reach EGP 6.6bn: CEO
We plan to economically manage public business sector enterprises portfolio to achieve added value for national economy, says Salman
$290m public offering on LSX for IDH concluded
Offering raised total demand in excess of $3.7bn, listing was 11.2 times oversubscribed, EFG Hermes said
Current real estate executive law formulation under scrutiny: El-Sebaey
Housing Ministry took all remarks and additions by real estate developers into account to ensure executive law’s efficiency, says ministry adviser