Latest in Tag: Business Highlight
Latest in Tag: Business
$40.2bn decrease in external debt: CBE governor
CBE will pay final instalment of Qatari deposit of $1bn during October, says Ramez
Egypt sees $442m tourist income in February
Most tourists came from western Europe or 40% of 640,000 tourists
Capital market sheds EGP 7bn
ICFC announced intention to increase capital from EGP 30m to EGP 45m early Monday
Hyundai Verna most sold car in Egypt
EGP 1.4bn in Korean car sales in Egypt in the first two months of 2015
Alexandria hosts regional LACTIMED Project conference
LACTIMED is promoting various dairy industry sectors across Europe and the Mediterranean
Hotel investors request loan delay from Tourism Ministry: Hotels Chamber Official
Investments on tourism lands for development at EGP 68bn, most located in the Red Sea and South Sinai
EGAS studies preparing Adabiya Port to receive 2nd gasification ship
The official added that the second ship will have more than 42 liquefied natural gas (LNG) shipments on an annual basis, and the single shipment volume will reach 140,000 to 170,000 cubic feet.
Surplus cement supply stabilises prices for 5th month
854,000 tonnes of cement were produced in April, states Minister of Supply
$300m needed to complete Grand Egyptian Museum: Antiquities Ministry
Costs are above previous figures due to drop in Egyptian poundâs value, says Minister of Antiquities
$6bn in Gulf deposits temporarily eases Egypt’s economic burdens
Analysts say GCC deposits beef-up foreign reserves and boost local currency
VAT law will raise inflation indicators, reduce purchasing power of consumers: Dcode Chairman
Only 20% of consumers are aware that there is an impending increase of VAT on their usual purchases, says Nielsen General Manager
CBE reduces commission of credit letters to facilitate imports
Egyptâs imports face decrease, suffer from dollar shortage, says Chief of Importers Division
Banque du Caire targets EGP 2bn increase for retail portfolio by end of 2015: Hussein
Cars possess 5% of the total bank funding for individuals, says Director of Retail Banking Sector
Spike in âsingleâ cigarette sales expected to decrease tax proceeds by EGP 2bn: Traders
Greater Cairo Tobacco Association demanded President Al-Sisi holds Finance Minister accountable for failed financial policies
Integrated trade zones to be established using EGP 800m: Supply minister
The investments in the internal trade sector will increase from EGP 7.8bn to reach EGP 50bn
CBE maintains key interest rates
The CBE also kept the discount rate unchanged at 9.25%.
NBE wins best retail banking award
The number of NBEâs ATM machines reached 1,950 machines, an increase of 415 machine from the previous year.
New Mondelez Egypt production-line investments are worth EGP 200 m: Managing director
The company has invested EGP 1bn during the last five years, Managing Director says
Cairo Airport Company achieves EGP 371m net profit in 3 quarters of FY 2014/2015: Chairman
Company aims to increase its profit by end of fiscal year 2014/2015 to EGP 440m, from EGP 281m last year
Egypt targets an increase of Arab tourists this summer
Egypt started launching direct flights from many Arab cities such as Riyadh, Kuwait and others to Sharm El-Sheikh and Hurghada
Finance Ministry provides EGP 136m for energy-saving lighting to decrease road accidents: Dimian
Dimian said the EGP 136m price tag represent 25% of the value of the projectâs first phase, which aims to supply and install 1m devices. The project is set to reach approximately 3.98m devices with the completion of the six-phase project.
ERBC seeks to diversify products exported to Russia
The council is hoping to fix logistical problems faced in exporting products
Abraj Misr offers 15% of its shares in 2016, listing advisor to be selected after 45 days
Company to launch shares in EGX starting next fiscal year to expand in the Egyptian real estate market
Mineral water companies rush to meet Upper Egypt demand
Amid fear of water poisoning following phosphate spill in river Nile, water mineral firms expect surge in demand
Financial, e-commerce sectors to benefit most from Internet speed increase
Developing Internet speed will increase the volume of e-commerce and help in expansion, same goes for call centres, where Egypt is the pioneer country within the Middle East.
Internet companies link price reduction to TE solving infrastructure issues
Following Telecom Egyptâs (TE) decision to replace the copper Internet cables with high speed fibre optic cables, competing companies have been losing internet services, forcing customers to switch to TE Data, as it is the only company providing services in the meantime. âWe cannot discuss enhancing prices and Internet speed service, while Internet providers lose …
Egypt requests new $ 300m World Bank loan for health sector
Egypt will receive loan in May and loan repayment period will be between 25-30 years, says Kouchouk
EGP 4.5bn allocated to improve public services: Minister of Finance
Several ministries and governorates gain monetary allocations
Technical financial inclusion provides EGP 37bn into banking sector: Hanafy
Egypt depends on traditional energy sources to generate electricity at rate of 93% from gas and fuel, petroleum engineering professor says
Only government has solutions: Moustafa Hussien
Dollar crisis hampers automotive market completely