Latest in Tag: Business Highlight
Latest in Tag: Business
Egypt reforms to gain confidence of international business community: PM
Egyptian delegation to visit Britain in June to follow-up on investment coordination between two countries, says El-Yazal
Ambassador reassures British companies’ commitment to Egypt
The minister discussed the Economic Summit, which will take place in March, stating that the main rationale behind the government efforts is to increase domestic and foreign investments.
Qatari Diar invests in Egypt with 2 major tourist projects
Qatari Diar is considered one of the foremost real estate Gulf investors in Egypt
Emirates NBD aims to pump EGP 3bn in national projects in 2015
Emirates NBD Egypt has its sights set to pump around EGP 2-3bn in financing national projects that the government intends to issue in 2015. Board member Sohier Al-Damaty said that the bank’s loans and credit facilities portfolio reached EGP 8bn at the end of December, of which small and medium enterprises (SMEs) shapes 35%. Emirates …
The government banking sector is full of talent: Al Baraka Bank Egypt Financial Adviser
Some government banking talent has migrated to private banks, hoping to gain higher wages than the maximum EGP 42,000 imposed by the government
Al-Sisi launches Kuwaiti-Egyptian Relations Council
President pledges to solve Kuwaiti investors’ issues, reform legislations
Important economic decisions in 2014/2015 economic plan
Government decisions not enough, Egypt needs to treat economic crisis by developing comprehensive economic plan, economic analyst
Can Al-Sisi boost the economy with national projects?
The Egyptian regime has, on an irregular basis, relied on major national projects which contribute to boosting the economy and the economic development and raise operation rates. Although some projects failed, the Egyptian dream is still hoping to create a national project. Can the current regime during Al-Sisi’s rule fix the economic growth through national …
Cairo’s small business owners hope for stability, skilled workforce and clear-out of bureaucracy in 2015
Mixed year for efforts of city’s start-ups, but optimism about coming year rides high
2014 in review: Ministerial report
Ministry of Industry and Foreign Trade release report summarising 2014 events and showing ministry’s expectations for 2015
2014 best economic year since January 2011: Cairo Centre for Economic and Strategic Studies
Following Morsi’s ouster on 30 June, government adopted austerity-style policies, Centre Head says
3 Egyptian conditions for developmental projects to be implemented by China
Real figures for China’s imports to Egypt not less than $22bn
Al-Sisi invites Chinese inventors to March Economic Summit
Al-Sisi said the Egyptian economy was in a “very difficult position” 16 month ago, with inflation reaching its highest rates, international agencies lowering the country’s credit ratings, and the fleeing of foreign investments.
Over half a million Egyptians offered work contracts abroad: Manpower Ministry
Ministry of Manpower offered approximately 150,000 job opportunities between March and December
Cement companies look to control market prices in face of production decline: Sector Source
Establishment of higher council for building materials sought and introduction of new licence to control irregularly priced items
38% increase in sales in 2014: Tokio Marine Family Takaful MD
The main obstacle facing the insurance market is for people to be truly convinced to engage in insurance services, says Masaya Inagaki
EU supports Egypt with EGP 80m in tourism investments
EU is source of over 50% of foreign direct investment, constituting over 40% of total European direct investment per Mediterranean countries
Oriental Weavers to invest EGP 90m in 2015
Company outperforms with new automated warehouse and 3 more production lines
DP World plans to acquire 10% of goods traded globally
Discussions are underway to expand operations at Ain Sokhna Port
CBE expected to allow further devaluation of Egyptian pound: HSBC
Investors remain concerned over companies’ vulnerability to governmental decisions
Marble and granite shine in international building trade fair in Cairo
Egypt is the tenth largest natural stone quarry producer in the world and the second largest exporter of marble blocks
BP will invest $12bn in Egypt over 5 years
BP is one of the largest investors in the Egyptian energy sector
Saudi company acquires controlling stake in professional network Jobzella
We are taking advantage of a new round of investment by expanding to the Gulf, says Batrawi
Gas exploration bid to be offered early 2015 in 11 areas
Three areas in the Delta and eight in the Mediterranean Sea will be offered by EGAS for exploration and research
Continuing decline in Brent prices positively impacts Egyptian economy
“We will not increase fuel imports because the financial resources are not available,” says EGPC chairman El Molla
First economic stimulus package projects to end in Q1 2015: Planning minister
Many projects in the housing sector, part of the economic stimulus package, will be concluded within two months
Regulations for real estate tax law amendments forwarded to State Council
Coordination with the ministries of petroleum, tourism, aviation, transport, and investment to standardise evaluation of real estate assets
Opportunities, challenges for investment in Egypt’s renewable energy sector
‘Invest in Egypt 2014’ conference kicks off in Abu Dhabi, amid speculation on the country’s potential for green energy
Upgrading Egypt’s economic outlook stimulus for investments, growth rate
Since the 25 January Revolution, Egypt’s economic outlook was downgraded several times by international credit rating agencies. The downgrades came about due to violence and political instability, which took a massive toll on investments and foreign reserves. In the wake of calls for protests on 30 June, Egypt’s economy saw a credit ratings cut on 21 …
General picture of the Egyptian economy mixed during IMF visit
Lagarde added that the conflicts in the Middle East and North Africa will have serious economic implications not just for the region, but the entire world.