Latest in Tag: Business Highlight
Latest in Tag: Business
50 artesian wells built in Abu Simbel in project to reclaim 1m acres: Minister of Irrigation
Report shows 12,452 violations removed from shores of watercourses until May 2015, according to cabinet spokesperson
Return of GDRs to be provided in Egyptian pounds
EGX loses EGP 4.5bn on Monday
EGAS suspends gas to 78% of fertiliser plants to save fuel for electricity
Suspension of fuel supply to El-Nasr, Helwan, Alexandria, Al-Masriya 1 and Al-Masriya 2, Apec and MOPCO
Trade balance tips in favour of international blocs with EGP 33.5bn
Exports to international blocs decreased to EGP 190.4bn between 2013 and 2014, imports surged to EGP 223.9bn
Gazan childrenâs harrowing cry for help
By Dr Cesar Chelala A year after Israelâs attack on Gaza, children there are still trying to recover from the consequences of the brutal assault. The Israeli attack, which started on 8 July 2014, resulted in between 2,142 and 2,310 Gazan deaths. According to the Gaza Health Ministry and to the UN and various human rights groups, …
El-Hekma sells 140 residential units in Green Paradise project: Sales Manager
Price rise in real estate expected after government announced giant projectsâ implementation, including new administrative capital, and 1m units project
High interest rates, lack of facilitated lands weaken mortgage finance initiative
Interest rates on financing units ranging from 14 to 17%, says Fikri
Tourism Federation requests activation of Supreme Tourism Council to face problems : Board members
Ministries will not issue conflicting decisions that harm the sector if council is activated
Government studies establishing integrated urban community: Mehleb
Applying integrated urban communities model will start in Farafra, El Tor, and Toshka first, says prime minister
âInternet Revolutionâ targets communications companies over low-quality services
This phase of the campaign also targeted Internet companies and Telecom Egypt, in protest at hefty Internet prices and low-quality services.
28% YoY decline expected in Luxor hotel room revenues: Colliers International
Medium-term tourism in Luxor sees a hit after recent militant attack
Egyptâs gas production declines in 2015 by 205m cubic feet
Pharaonic Petroleum Company and Petrobel are most prominent companies with lower production
Sewage networks in 45 villages to be completed mid-July with UAE grant: Housing Ministry
41 villages face violations on sewage network lands, says cabinet
Emirates NBD seeks 25% growth in activities by end of 2015: Al-DamatyÂ
The bank finances more than 22 sectors, primarily in energy, petroleum, communications, construction and food
Bank Audi-Egypt participates in Economic Summit loan with EGP 400m: Fayed
The total loan value is at EGP 10bn, of which Bank Audi-Egypt provided EGP 400m. The other banks involved in the loan include the National Bank of Egypt, Banque Misr, Banque du Caire, QNB, United Bank of Egypt, and Arab Bank.
Arab-American meeting to be held in Beirut on Tuesday
Arab banking sector is committed to highest international standards in fighting money laundering and terrorism funding, says UAB Sec-Gen
CIB launches Smart Saving account with EGP 500 minimum
New account combines money box and âgameayaâ (joint fund), with accumulated interests not affected by market changes says bank official
12 new water sanitation projects completed in new cities: Housing Ministry
195 drinking water and sanitation projects will be completed on 30 June, says Madbouly
Governmentâs charter airline incentives raise hotel occupancies in 4 tourist areas: ETAA members
Decision targets increasing bookings for winter season in Luxor, Aswan, and Taba, and in summer for Marsa Matruh
Al-Sisi approves amendments to law organising Suez Canal area investment
Economic zone will include special customs office launched in coordination between authority head and Minister of Finance, according to Sarie-Eldin
CIB Foundation leads blood donation campaigns to Egyptian public hospitals
Blood donation campaigns were held over two weeks in some of the bank’s main branches, in cooperation with Takatof Foundation
Banque Misr Foundation improves living standards of 11 villages in 4 governorates
The projectâs implementation period was from 2012 to 2015. It aimed to improve the quality of life of residents of these villages through education, health, economy and culture.
MIHC controls 60% of insurance market shares : Deputy Chairman
Three companies emerged from MIHC, and are 100% owned by it: Misr Insurance (properties); Misr Life Insurance; and Misr Real Estate Assets.
Banque Misr celebrates 95th anniversary
Egyptâs first bank, Banque Misr was established by Talaat Harb
Banque Misr sponsors Ramadan tournament of youth centres
The bankâs contributions in social responsibility are focused on several axes that include health, education and youth, as youth are considered leaders of the nation’s progress.
Gulf tourists double reservations in Cairo hotels for Eid
Occupancies in Cairo hotels vary between 20%-30%, looks to increase to 70% within last few days of Ramadan
Red Sea Governorate targets tourism share increase to 50% by end of 2015: Tourism Ministry official
Tourists visiting Red Sea area last year spent 73.8m nights compared to 26m nights in 2013
Red Sea resorts reject increase of water companyâs insurance prices: Chamber of Hotels official
Tourist resorts threaten to build private water desalination plants away from areaâs drinking water network, under companyâs plan to increase insurance prices and periods
I expect presence of 5,000 eminent figures in New Suez Canal opening: Moutran
Ceremony will surprise everyone and the cost is yet to be determined, says Memac Ogilvy & Mather Chairman
OTMT records EGP 373.8m net profits, 15% YoY surge
Companyâs standalone net profits register EGP 221.5m