Latest in Tag: Business Highlight
Latest in Tag: Business
Turkey files anti-dumping suit against polypropylene exports from Egypt
Export halt from Syria, Iraq, Libya, Tunisia, Yemen, and Turkey creating crisis, says Helal
Entrepreneurs do not understand their legal requirements: Levari founders
The legal information available is quite convoluted and entrepreneurs don’t have access to it, says Sherif Hefni, partner at Levari Law
Egypt begins transformation into global logistics centre for grain handling: Prime minister
Mehleb says the project is as important as the Suez Canal expansion
Intel cooperating with education ministry, Banque Misr to provide computers for schools
Education technology is top company priority in Egypt, says Intel’s Egypt executive Al-Fatih
Reopening stalled factories via ‘Google maps’
A total of 4,500 factories to resume operations in Egypt, says economic expert
Edita Food Industries to go for new IPO: Actis partner
Mark Richards could not provide details on the value and the timing of the IPO
Fawry announces launch of traffic fine payment service
Egypt’s EBPP leader provides convenience and efficiency to vehicle owners
MIGA offer $1bn new guarantees for cross-border investments in MENA region
We are ready to attract investors in power, infrastructure, transport, and agribusiness sectors, says CEO
Electricity ministry sets new energy feed-in tariffs
Ministry of Electricity announces prices for electricity generated from solar and wind energies in the framework of combating the energy deficit in the coming months
Egypt begins collecting property tax for 1.5m residential and non-residential units: Finance minister
Government steps up actions to implement tax reforms amid efforts to increase resources and reduce budget deficit
Egypt in the eyes of international rating agencies
Fitch In January, Fitch Rating Agency restored Egypt’s outlook to stable for the first time since it was downgraded to negative nearly three years ago. This reflects an improvement in an economy hammered by years of violence and political instability that had a massive toll on foreign reserves and many industries. The ratings firm, however, …
National Bank of Egypt hopes to open 200 new branches within 3 years
EGP 150m total savings for bank clients with platinum certificates
No high growth rate without major role private sector: Investment Minister Ashraf Salman
Arrears to be paid to oil companies and feed-in tariffs to be introduced for new energy that will achieve huge investments in 2014-2015
“There is no bond market in Egypt, and any talk of it is ‘pure fantasy.’”
Helal added that increasing the variety of investment packages could attract 50 times more investors than are currently contributing to the project, in addition to creating a broader class of financially literate investors.
Euromoney Conference: North coast land to be offered in February’s Economic Summit: Minister of Tourism
Government targets EGP 19bn investments with 28msquare metres of land, says an official source at the Ministry of Tourism
Euromoney Conference: Dorra considers investing in Suez Canal Axis project
Dorra plans to open the first phase of Capital Business Park—administrative, commercial and medical project—in Sheikh Zayed City during the first quarter of 2015.
Ministry of Tourism seeking to diversify sector’s activities in near future to increase plunging tourist numbers
The Minister of Tourism talks with Al-Borsa about the current state of tourism in Egypt
More private sector influence good for economy: Al-Suwaidi
The Egyptian economy is currently facing many challenges in light of the growing budget deficit, the energy crisis, and the decline in domestic and foreign investments
No fear for role army in Egyptian economy: Hossam Farid
A lack of funding and the absence of legislation have been long-standing problems that continue to hinder the private sector
Euromoney Conference: Siemens addresses the energy challenges of Egypt
Siemens, the global powerhouse in electronics and electrical engineering operating in the energy, infrastructure, industry and healthcare, demonstrated today the importance of dialogue between the public and private sectors in Egypt through its participation in the Euromoney Egypt financial Forum held on September 16th and 17th under the slogan: “Stability, Investment and Growth”. Siemens participation …
Euromoney Conference: Egypt’s economic summit under the microscope
The business and financial community awaits the Egyptian government’s economic plans to be revealed during the Sharm El-Sheikh summit to be held at the end of 2014 or early 2015. The plans are expected to involve procedures correcting Egypt’s economic path amid the government’s efforts to restore international and local market in the economy. Egypt’s …
Euromoney Conference: Online advertising project for tourism services begun
Tourism Ministry begins using online advertising to attract tourists and target new segments of consumers
Egypt must apply economic lessons from Asia to the Suez Canal project
The Egyptian cabinet is currently considering a range of amendments to trade regulation legislationin an attempt to attract both Arab and foreign investment
Ministry of Communications and Information Technology is developing new initiatives to improve services and quality of life
The Ministry of Communications aims to implement unconventional solutions to prompt growth for the telecommunications and information technology sector through adding services within projects in partnership with the private sector. The ministry will use the opportunity represented by the consolidated license to restructure telecommunications, achieve a balance between companies, and expand competition for the benefit of the consumer.
Minister of Planning looks ahead to Egypt’s Economic Summit in February 2015
The government will announce a clear strategy for 2030 in Egypt’s upcoming Economic Summit next February
German government to sell stake in energy giant RWE to Russian billionaire
Winner of the RWE bid is the second richest man in Russia
Cabinet agrees to activate local Product Law
The law is working to deepen industry, Al-Sewedy says
Investment in Egypt requires stimuli: GAFI chairman
Gafi Chairman Hassan Fahmy asks for bankruptcy law, High Investment Council, and activation of “one-stop shop” to cut down bureaucracy
Suez Canal certificates on sale for second day
The CBE has so far issued 7m investment certificates out of the planned 60m, said Ramez, adding that the bank is still discussing the date of issuing dollar-dominated certificates.
SFD plans to allocate EGP 2bn to fund projects by year-end: Secretary General
By Ayat Al-Batawi In December 2013, the board of directors of the Social Fund for Development (SFD) approved a budget of EGP 3bn for 2014 to finance development programmes of small enterprises and labour-intensive projects. Since the beginning of 2014, the Social Fund for Development has given a special attention to Egyptian youth, spending EGP …