Latest in Tag: Business Highlight
Latest in Tag: Business
Hamilton revives Mercedes
Formula 1 race in China gets heated, Germans take the lead
Automotive market to finalise specifications for cars
First ten specifications will soon be implemented on imported cars
Electronic visa potentially to boost tourism, draw new visitors
The new system, expected to come into effect in eight months, will require tourists to provide a scanned copy of their passports, and their visas will be ready within three days
Hotels, companies concerned over increasing energy prices: Tourism workers
Finance Ministry decreases financial allocations for new and renewable energy from EGP 1bn to EGP 50m during current year
DrBridge seeks investments at $4m to start foreign expansion: CEO
We plan to expand externally by the end of 2015, and are choosing between Saudi Arabia, Nigeria and South Africa, says Barsoum
Capital taxes fuel row between authority, brokers
Approximately EGP 250m were collected in 2015: MCDR Head
Egyptian-Emirati project to reclaim 220,000 acres using solar energy
The project also aims to transform region into attractive area for residents
Ministries of Industry, Finance need balance between Egyptian, European exporters: GB Auto SAE CEO
Customs exemption for Egyptians in the European market is 10% compared to 135% for Europeans in Egyptian market
Hotel, resort reservations to increase 20% next winter: Tourism Minister
Ministry of Tourism working to increase tourist flow to Egypt by 20% by end of year, bringing tourist numbers up to 12 million
B-Tech predicts EGP 1.80bn sales in 2015
B-Tech intend to increase capital to EGP 250m-EGP 300m during 2015 through new financial institutions, says B-Tech CEO
Local banks deny restrictions on providing $100 notes
The Central Bank of Egypt gave no instructions to lenders operating in the country not to replace $100 notes with smaller units when conducting transactions for clients, several bankers told the Daily News Egypt. This comes on the wake of reports carried by media outlets claiming that the CBE has ordered banks to replace $100 …
Egypt created economic DNA after summit: Ezz Al-Arab
Local banks will provide financing using pound, not dollar, for Economic Summit projects, says Federation of Egyptian Banks Chairman
Egypt’s new city: More questions than answers
The multi-billion dollar new administrative hub started a debate among urban planners on the real price and revenue Egyptians are to make
Marsa Alam Tours signs tourism marketing agreement with Al-Tayyar: Deputy-Chairman of association
The Association also looks to establish flights from Kuwait, Jordan, and Lebanon to Marsa Alam International Airport.
Palm Hills to manage financing joint project with MNHD near new capital: Source
Project to generate EGP 4.6bn–EGP 5.5bn revenue, development over 4 phases through 10 years, says joint statement
Cairo, Sharm El-Sheikh most likely to grow in MENA tourist destinations: Colliers International
Report expects visits to Cairo to increase by 58%, Sharm El-Sheikh by 29%
E-Finance raises 2015 infrastructure outsourcing investments by EGP 327m
The company achieved consolidated revenues by end of 2014 amounting to EGP 321m, says E-Finance Chairman
Mobinil’s case against TE rejected by arbitration committee
Companies urged to reach mutual agreement by arbitration committee
Correction: Visa halt for individuals to affect tourism income this year: Former ETF Chairman
However, what was actually stated is that visa halt for individual tourists will affect tourism income to Egypt for the current year, and that individual tourists account for 40% of the total tourism income.
Cairo National Automotive establishes Star Brokerage
By Mohamed Azab The Egyptian Financial Supervisory Authority (EFSA) approved the establishment of a direct brokerage company for insurance, according to the Law 10/1981, modified by Law 118/2008. It was established in favour of Cairo National Automotive (CNA), the Mercedes agent in Egypt. The company was established under the name of Star Brokerage, with a …
Automech-Formula presents new car models in Egypt
Egyptian International Motors company (EIM), the Kia and Renault agent in Egypt, presented three new Renault cars: Sandero, Sandero Stepaway and Logan Automatic, as well as Kia Cee’d, with prices ranging between EGP 165,000 and 185,000 and an engine of 1,400 CC as well as 183 horsepower.
EGP 44.7bn for petroleum subsidies during first half of FY
EGP 600m urgently provided to 7 ministries
Trade exchange largely affected after Arab Spring
Non-oil consumption imports based on individuals not the government it is still going , as traders from both import and export country take risk on their responsibility on transferring goods and products.
Booths and commercial markets to be provided in ‘citizens are priority for care’ housing project
Cost of the services provided reached approximately EGP 15.7m, says Madbouly
Mysterious case of Arab Common Market
Lack of democracy, political will as well as lack of vision were main reasons why ACM agreement became just ink on paper, says former assistant to IMF’s executive director
Egypt’s farmland offers minimal incentives to Arab investors
The situation is not any better with regards to Western investors’ interest in Egypt.
Focus Arab Summit on terrorism, security instead of commerce: Gamal Bayoumi
Egypt without political parties, parliament will not reflect people’s aspirations
Political, security stability necessary for economic wheel: UAB Chairman
UAB seeks, through addressing the World Bank, to develop a precise definition of the SME projects which aim primarily at helping Arab banks wishing to expand in the financing of this important sector, according to Barakat.
Political instability has ‘surely’ affected employment rates: ALO
By Rana Yehia The Arab Labor Organization (ALO) began issuing periodic reports since 2008, labour and unemployment being the first topic to be reported on. The Arab region generally has the highest unemployment rates amongst the world. The rates of the total unemployment have reached 14% whereas the youth unemployment percentage was recorded at 25%, …
Amer Group launches 3 schools, hospital across Egypt
Amer allocates EGP 5bn to increase investments in 2015