Latest in Tag: Business Highlight
Latest in Tag: Business
In Video: Egypt oil and gas conference discusses energy issues
Video by Omar Korashi and Mohamed Anwar
15 real estate development companies compete to establish food court in Mövenpick El-Haram: Company official
Amer Group, Al-Hokair, Wadi Degla, Palm Hills, Al-Futtaim are the biggest companies in the competition
Commercial Registry draft law creates attractive investment environment: Minister of Supply
Investment environment’s attractiveness is particularly relevant ahead of March’s Economic Summit
Parliamentary elections update- 18 February
Most candidates are aged between 41 and 50 years of age.
The Best Selling Cars in Egypt of 2014
“Infographics Designed and Compiled by GO-Gulf Web Design Dubai. ”
Additional EGP 500m investments expected for new opportunities: SODIC managing director
Cash flow for next five years expected to be EGP 17bn, company is interested in coastal opportunities, says Ahmed Badrawi
Emaar Properties reports 30% Y-o-Y increase in net profit
Last week, Emaar Misr made official request to list on Egyptian stock market
3 investment banks promote 11 developmental projects for Economic Summit
Global Swiss bank expressed desire to participate in marketing Conference’s investment projects
DHL plans to increase investments in Egypt, participate in Suez Canal project: Company CEO
Shipping company is sending invitations and shipping all logistical needs for “Egypt the Future” conference
SODIC estimate clients’ contract to be EGP 4.1bn
Company to invest EGP 2.3bn and deliver 684 units in all projects
Al-Kharafi Group’s Egypt investments will not be sold: Company official
Al-Kharafi Group to establish 1,800 hotel rooms in Marsa Alam within next two years with investments exceeding EGP 2bn
EBRD provides ADES with $28m loan
Loan sought as milestone for company to boost competitive private sector advantage, says co-founder
Investment funds assets increased by EGP 851m in 2014
Head of the Egyptian Financial Supervisory Authority (EFSA) Sherif Sami said on Thursday that four investment funds have been established in 2014; therefore the total amount of investment funds in Egypt is 95. The total amount of cash in these funds was valued at EGP 6.5bn by the end of 2014, increasing by EGP 851m …
28.5% of Egyptian banks provide mobile banking
Banks allow use of applications by clients and non-clients to check accounts, keep track of exchange rates and currency conversion
Increase of tourism promotion in Eastern Europe, South Asia to overcome rouble crisis: ETA Chairman
Asian markets very promising, despite the sensitive security situation in Egypt, says Samy Mahmoud
Egypt targets 20% growth in tourist numbers by end of 2015: Minister of Tourism
Tourism ministry targets 12 million tourists during next year within ministry’s recovery framework
Germany to allocate Đ„100mdevelopment cooperation to Egypt: Ambassador
German companies need additional information about the investment climate from the Egyptian government to determine their position in participating in the economic summit: Hansjörg Haber
Alshaya Group allocates $3bn for investment in Egypt, Kharafi to construct car factory
Prime Minister Ibrahim Mehleb is on three day visit to Kuwait with an economic delegation to discuss enhancing the Kuwaiti investments in Egypt.
Egypt’s top performing companies ignore online presence: Business directory
Almost 40% of top 50 companies do not have Facebook presence, report says
Electricity ministry owes EGAS EGP 53bn for gas deliveries: EGAS Chairman
The Ministry of Electricity demanded a maximum of approximately 149m cubic metres of daily gas to stations during the summer, says Abdel Badie
Desalination and the solar solution
By Ahmed S. Nada Nobel Laureate in Chemistry, the late Richard Smalley, once ranked the “top 10 problems of humanity for the next 50 years”. Interestingly, energy and water came in first and second on that list. His rationale for energy featuring at the top was that most, if not all, of the other problems …
Tuk-tuk prices increase in black market due to import suspension
Replacement of tuk-tuk by small 7-passenger vehicle following administrative court decision to suspend imports
Qatari Diar receives long-awaited approvals for tourism project
The company has two projects in Egypt
2014 Revenues will exceed EGP5.5bn: Suez Cement-Italcementi CEO
Suez Cement-Italcementi Group’s revenues in 2014 will exceed EGP 5.5bn according to the Group’s CEO, Bruno Carre in an interview with Daily News Egypt. The figure marks an EGP 1.0bn or 20% progression over the previous year. Carre further talked about the group’s recently launched products, their expectations and what will be introduced in …
Supporting SMEs tops Microsoft’s priorities for 2015: GM
Education and health sectors, and automating the courts are the most prominent investment opportunities in the Egyptian market, says Abdel Kader
Egypt promising market for Tetra Pak: Andres Lindgren, managing director
“Tetra Pak expects that 80% of milk consumed by 2020 will be packed”
Customs reduction for European cars forces used auto market into recession
The decision led to the postponement of many purchasing decisions until the new prices are implemented.
Bank Audi aims to increase SMEs’ funding portfolio to EGP 400m by end 2015
Individual funding portfolio in Audi Bank in Egypt has reached EGP 2.4bn at the end of December 2014. General Manager of Audi Bank Egypt Mohamed Abbas Fayed said that the volume of small and medium enterprises (SMEs) portfolio has reached EGP 160m, noting that the bank aims to increase the portfolio funding to EGP 400m …
EGP 1.7bn cash repayments for goods, bread supply systems: Finance minister
EGP 341m to supply gas to homes, EGP 371m for Radio and Television Union, drinking water, textiles
NBE, CIB remain key players in treasury bills and bonds markets
Bank Misr, Crédit Agricole, Banque Misr also among market leaders for treasury bills and bonds