Latest in Tag: Daily News Egypt Highlight
Latest in Tag: Daily News Egypt
Government to offer bids to generate 8GW from coal and renewable energy: Salman
The government hopes to offer two tenders to generate 8GW of electricity from new and renewable energies, said Minister of Investment Ashraf Salman on Tuesday. He added that there are also plans to construct power stations operating on coal during the fiscal year (FY) 2014/2015, in order to meet the country’s growing electricity needs. A …
Egypt needs growth, jobs over economic stability: IMF chief in Egypt
Government has set concrete goals for its February economic summit, says Lazard managing director
AFTE calls for journalists’ release
Over 80 journalists detained in course of work, which violates Egyptian government’s international commitments
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: New IPOs to revive stock market
Opportunities in petrochemical, real estate, and start-up companies
Capital market eager to present exchange traded funds (ETF) to investors: EGX chairman
Infrastructure, telecommunication and real estate show stock market promise
2 projects comprising investments of $3.5bn included in company’s long-term plan: Basil El-Baz
By Alia Stohy and Mahmoud Al-Qasas The Carbon Holdings Company is planning to present its initial public offering (IPO) to the main stock exchange at the value of $2 billion. The company nearly resolved negotiations with four investment banks to put 35 percent of its shares on the market, despite the fact that it is …
Current government will not raise petroleum product prices: Planning minister
National investment veered off its developmental course and we seek to resolve the financial entanglements with government agencies, says El-ArabyBy
Investment opportunities in Suez Canal Project are endless: Dar Al-Handasah director of operations
Closeness of name between company and army’s engineering corps led to confusion
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 …
12.5% deficit in FY 2013/2014 budget, financing gap valued at EGP 10-11bn: Finance minister
CBE’s temporary ‘financial’ account is strategic reserve and will not be used to solve budget deficit
Upcoming period is busy time for petroleum industry: Petroleum minister
Although there will be a $2bn in debts to foreign partners by year end, ministry has paid back $11.2bn to foreign companies during FY 2013/2014
As much as 20% or more of Egypt’s energy could be solar: Consilio CEO
Solar energy is a supplemental source as it requires subsidies and storage to meet peak hours
Larger stake in Palm Hills sought: Ripplewood CEO
Collins affirms commitment to support Egypt’s economic recovery, interest in more opportunities in the country
New council must determine economic roadmap: CIB managing director
The council must be independent and serve an advisory purpose, Hisham Ezz Al-Arab says
Shoukry discusses Libyan affairs with counterparts in Madrid conference
Foreign minister to meet his Spanish counterpart on the sideline of the conference to discuss bilateral relations
Sobhi meets French counterpart to exchange views on regional security
Defence ministers and Egyptian chief of staff discussed cooperation in various fields and latest developments
Euromoney Conference: Tourism Development Authority needs major upgrade
The Egyptian official said that the authority needs to undergo a major restructuring in the coming period.
Euromoney Conference: CAOA approves restructuring process, set to establish new departments
Tourism Activation Authority will introduce new departments to market to various types of tourists and attract new consumers
Euromoney Conference: Egypt eyes more southeast Asian, Gulf tourists
The Egyptian Tourist Authority (ETA) seeks to attract more tourists from Asian and the GCC (Gulf Cooperation Council) as visitors from these countries have largely stayed away since the 25 January Revolution due to political unrest. The authority will focus on Chinese and Indian markets as they represent two of the world’s fastest growing economies. …
Euromoney Conference: ETA marketing budget to be cut by 25%
Marketing budget cuts pushes Egyptian Tourism Authority to make-do with participation in international bourses and increase private sector coordination
90% of energy subsidies to be lifted within 3 years: Finance minister
IMF assessment of Egypt’s economy still due before the economic summit, with goal to restore international market confidence, says Dimian
Egypt waiting for ‘appropriate moment’ to issue dollar bonds: Finance minister
Too early to define the yearly percentage that will be removed from energy subsidies, Dimian says
ISIS threat requires ‘comprehensive confrontation’: Shoukry
Over 20 countries gathered in Paris to discuss procedures to help new Iraqi government fight ISIS
Badie and 14 others handed life imprisonment in Giza clashes trial
Defendants charged with murder and inciting violence
6 policemen killed by roadside bomb in Sinai: MOI
Sinai has witnessed violent clashes between security forces and militants since 2013
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
Hunger strikers outside jail reach 295 nationwide
Strikers, whether independent activists or others belonging to political groups and parties, are in Cairo, Giza, Alexandria, Luxor, Sharqeya, Kafr Al-Sheikh, Daqahleya, Beheira, Fayoum, Sohag, South Sinai and Suez
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