Latest in Tag: companies Highlight
Latest in Tag: companies

38% of Middle East companies expand international sales during COVID-19: Study
50% of respondents in Middle East, 38% in Africa believe it will take less than year for global trade to recover to pre-pandemic levels

Companies reinstate ambitious expansion plans as COVID-19 repercussions subside
GB Auto plans to spend about EGP 260m in capex during 2021

950 companies benefit from 2nd phase of lump-sum payment of export subsidy dues
1,069 companies receive EGP 13.5bn in export subsidy under 1st phase of initiative

Masr Afdal: How this initiative is helping Egyptian companies market their products abroad
Initiative lately opened pavilion in permanent Egyptian exhibition in Rwanda’s capital of Kigali

AIH to split into 2 separate holding companies by Q1 2022
Company to securitize UE’s EGP 1.5bn portfolio by end of Q1 or early Q2 2021

COVID-19 affects companies’ financial reporting
Entities need to estimate economic impact of pandemic either positive or negative on their businesses, says ProHouse Consultancies

Japanese companies keen on investing in Egypt’s AI, CIT sectors: embassy
Cairo, Tokyo enjoy longstanding, diverse economic cooperation, says official document

US company mission to meet with President Abdel Fattah Al Sisi Tuesday
US health companies solve their market problems, intend to expand investments in coming period

1,784 new companies established in May with issued capital of EGP 4.3bn: Investment Ministry
The Ministry of Investment and International Cooperation said that the number of new companies increased by 7% to reach 1,784 companies in May 2018, compared to 1,637 companies in May 2017. The ministry noted that the issued capital of companies increased in May by 106% to reach EGP 4.36bn, compared to EGP 2.1bn during May 2017. Meanwhile, the …

2,000 real estate companies exit market in 2016 due to price hikes
The number is expected to increase because of the delay of the Compensation Law, says Abdul Aziz

Cartel Capital to help Gulf companies invest in food sector acquisitions
A Saudi Arabian and a Bahraini company have decided to enter the market through the dairy sector

1,276 companies with EGP1.9bn capital established in November: GAFI
The General Authority for Investment and Free Zones (GAFI) announced that 1,276 companies were established in November with a total capital of EGP 1.9bn, creating 7,942 job opportunities. In GAFI’s monthly report on established companies, 652 companies were established according to Law No. 8 of 1997, with 51.1% of the total capital value. The report …

ECA refers 24 fertiliser distribution companies to public prosecution
The companies had privately agreed on a specific price for the sales of compost, which violates regulations, says ECA

Board pay shrinks in Germany’s biggest companies
A new study shows that board members in Germany’s biggest companies took home less last year then before, while employee compensation rose on average. The gap in between though remains staggering.

German firms to reduce investments in UK
Quite a lot of German companies look set to lower their investments in the UK after the British vote to leave the European Union. But much will depend on Brexit negotiations between the EU and Britain.

Gender equity makes ‘business sense’
The EDGE Certification process promotes gender equality in the workplace. Setting global standards and using a business approach to gender equity makes a big difference, EDGE co-founder Aniela Unguresan told DW.

Financial Services Institute to bring financial leasing companies in accord with new legislation
The training programme aims to help companies manage risks and to ensure credit stays apace of activities

SECC provides assessment services to 2 Chinese software companies
We aim to expand the centre’s services to increase sector’s exports, says Osman

Companies are failing to identify HIPOs: CEB global
The report stressed on the need for exposing HIPOs to the “right kind of experiences” to improve their performance through the extraction of this learning experience.

Abo El-Sebaa Weaving Group searching for strategic investor to repay debts: Chairman
We hope to re-operate the group’s factories with EGP 50m, but a number of banks refused
Greenpeace stages novel Arctic drilling blockade
It looks like a daring test or some attempt to break a record – but it is actually a Greenpeace protest. Near Portland, 13 climbers are dangling from a bridge to stop controversial oil drilling in the Arctic. As the Arctic ice melts, oil companies like Shell want to look for new oil and gas …
Qalaa Holding receives no subscriptions in capital increase attempt
Investment firm targets to raise capital by EGP 1.7bn

19 Egyptian companies rank in Top Arab World Companies: Forbes Middle East
The country did not make it to the list of the ‘Top Private Companies Making an Impact’

NTRA studies compensating private Internet companies
Private companies are suffering losses due to Telecom Egypt’s replacement of copper cables with fibre optic ones

Egypt undermines labour rights to attract investment: Rights campaign
Campaign entitled “Towards a Fair Labour Law” presented draft of Labour Law to the Ministry of Manpower
EGP188m invested to establish 204 companies in Egypt
EGP175m were Egyptian investments, EGP9.8m represented investments from Arab countries and EGP3.3m were foreign investments.

3 cooperation agreements signed in China
Egyptian president met with leading Chinese tourism companies in Beijing
Negotiations to resume with Russia to provide natural gas via Gazprom: Deputy Russian PM
Russia is preparing technology with the World Bank to implement the ‘one-stop shop’ investment window system
EGP 100,000 microfinance limit subject to 5% increase: EFSA chairman
Microfinance law is most important economic legislation issued since January 2011, claims Sherif Samy

Onera Systems installs solar panels to national grid
Ministry announced feed-in tariff for new and renewable energy in September