Latest in Tag: Business Highlight
Latest in Tag: Business
A deal CBE to open an overdraft account in dollars to release imported goods: Mohamed Al-Suwaidi
The CBE needs to improve the way it deals with the dollar crisis
Free trade agreements made Egypt entrance to 1.6bn clients: Danesh
The Smart Village is studying expanding in Tunisia.
Motivational economic reforms, legislations insufficient: Officials
The government considers with economic decisions and actions serve the foreign investor only, without considering the local investor, Holding Company for Spinning and Weaving member
We believe that we will achieve a healthy return on our investment: Majid Al-Futtaim Holding
In an interview with Daily News Egypt, the company’s CEO Alain Bejjani said his company is reviewing several opportunities in the country, whether government projects, acquisitions or real estate, especially after embarking on a five-year plan to invest EGP 18bn in the domestic market.
Work needed to improve investment Egypt’s opportunities: Legal expert
Government introduced Investment Law amendments to restore investor confidence, particularly regarding contracts with the state
Transport Ministry proposes $13.5bn investment projects in next 5 years: Minister advisor
Ministry’s projects will be proposed at Economic Summit with tenders worth $2.5b
ADIB- Egypt demonstrates strong commitment to summit
• ADIB – Egypt supports vital projects launched including power station, oil refinery, PPP in transport, wind farm and rehabilitation center
Egyptian market tops strategic markets in the African and Arab region: Aramex Founder
Laws must be enacted to eliminate bureaucracy, provide facilities to investors, says Ghandour
Turkey, Qatar economic interests looking to resolve political dispute with Egypt
Ankara and Doha awaiting resolution of political disputes to compete for Egyptian investment opportunities at Economic Summit
Will Economic Summit attract foreign investment in communication and IT sector?
Egypt is the most stable within the promising markets in Middle East, says businessman
Negotiations with Eni to execute $5bn project in next 3 years: Petroleum Minister
695,000 barrels of oil production, 4.7bn feet of gas daily for FY 2015/2016
Egypt hopes to lure billions of dollars in investments during Economic Summit: Fitch
In response to Daily News Egypt’s questions, Gamble said the Gulf state’s support to Egypt’s economy will be in the form of FDI, rather than direct payments.
30 South Korean officials, businessmen to attend Economic Summit
By Rana Yehia A delegation of 30 South Korean officials and businessmen will attend the Economic Summit in Sharm El-Sheikh, said Minister of Industry and Foreign Trade Mounir Fakhry Abdel Nour. The South Korean delegation will be headed by the Korean deputy Minister of Trade and Industry. Abdel Nour said the delegation’s participation confirms South …
27 Saudi chambers of commerce, 170 investors to attend Economic Summit: FEDCOC
Saudi Crown Prince Muqrin bin Abdullah and Saudi finance minister will attend the summit
The United Bank signs fund contract with Tanmeyah worth EGP 200m
The United Bank (UB) signed a joint cooperation agreement with Tanmeyah Micro Enterprise Services to fund micro-enterprises across Egypt, according to Vice Chairman and Managing Director of UB Amr Maher. The total value of the joint cooperation agreement has been set at EGP 200m. This will be done through programmes for micro-enterprises and for funding …
Marina Tourist Center 3rd housing ministry project to debut in Economic Summit
Marina Tourist Center will be built on an area of 2,800 acres and will provide about 14,000 jobs, says minister Madbouly
EGP 24bn revenues of Suez Canal in 7 months
10,399 vessels have crossed waterway carrying 586.2m tonnes of cargo
Emaar, Orascom Constructions listings approved days before Economic Summit
OCI is the first foreign company to list its shares in EGX due to the dual listing system in the form of shares rather than Egyptian certificates of deposit for approximately 20 years.
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Qalaa Holding considers obtaining international funds
The company assigns Renaissance Capital to study the possibility
Visa, Samsung introduce mobile payment
Samsung Pay is designed to enable secure payments for a range of connected devices, says Visa
Devaluation of EGP is due to US pressure: Shiha
US dollar could be devaluated to EGP 6 or less with tight policies, says Medical Supplies Division head
Government has no clear vision for automotive industry in Egypt: FEI official
Engineering industry presented automotive strategy to Ministry of Industry, received no response
Egypt’s 2030 economic vision to be presented at Summit
Significant economic and social goals set for 2030
Legislative Reform Committee agrees on several draft laws: Transitional Justice minister
Laws are set to address intellectual property protection, money retrieval and agriculture, committee postpones unjust enrichment law
Foreign tobacco companies in Egypt reject new cigarette price increases: Official
Tensions prevail in cigarette market, traders exploit the situation to raise prices, according to CTA head in Cairo, Giza
74.2% Y-o-Y increase in Palm Hills’ revenues
Net profit reached EGP 353.3bn, according to real estate company
SFD signs EGP 50m agreement with Industrial Development Bank
Director-general of the Social Development Fund (SFD) Soha Soliman has signed two agreements with the Industrial Development Bank to develop small- and medium-sized enterprises (SMEs) in Egypt. The value of the agreements, which were signed on 17 February, is EGP 50m, funded by the French Agency for Development (AFD). SFD said that the agreements come …
Work under construction worth $5.6bn until September 2014: OCI Managing Director
We added $900m more to construction works, says Osama Bishai
HOTAC develops Shepherd Hotel with EGP 320m via Ain Sokhna project income: Board Chairman
The development will occur using investments of up to EGP 320m, which will be gained through self-financing.