Latest in Tag: Growth Highlight
Latest in Tag: Growth
Etisalat Egypt receives $120m Bank of Abu Dhabi and HSBC loan
Etisalat Egypt has repaid the last portion of the $300m loan it received from several banks in 2010 through premiums. The loan was fully repaid in 2014.
Real opportunities for growth in Egypt: Dcode EFC Report
Whereas in the Q3 of FY 2013/14, real GDP growth registered 2.5%, it jumped to 6.8% in Q1 of FY 2014/15
Electrostar targets increase sale and profit up to 20%
Electrostar aims to open up new African markets, renew products, and provide new technology on Egyptian market
Aramex optimistic about Egyptian Market: CEO
Company looking to introduce SMEs franchise model, will keep upgrading infrastructure and open five new branches in 2015, says Samer Gharaibeh
Nestlé doubled local work force from 3,200 to 6,300 employees: CEO
After government reforms and economic growth, there are plans to continue commitment to Egyptian market, says Nestle North East Africa CEO
Population growth rate in Egypt 4 times that of developed countries
Between governmentâs role and peopleâs social beliefs, the rates continue to rapidly increase
Egypt vulnerable to adverse global economic developments: IMF Mission Chief
Egyptian authorities design good macroeconomic and reforms programme ahead of March 2015 economic conference, says Jarvis
Government anticipates higher growth rates
Builders of Egypt Forum kicks off, minister of planning foresees boom in construction industry
46.2 million local internet users by end of August 2014
7.2% growth in mobile internet users
Egyptâs economy grows by 1.1% in first quarter
Figure 6.8% higher than same quarter last year
4% increase in MENAP economic activity expected by 2015
Countries in MENAP region (Middle East, North Africa, Pakistan and Afghanistan) were resisting growth due to socio-political problems and regional conflicts
Egyptâs juice and beverage industry worth EGP 8bn: Federation of Chambers of Commerce chair
Beverage business also exports an estimated $180m to foreign markets per year
Company invests EGP 2bn in construction of hypermarket: Supply minister
Private company to supply EGP 2bn to build chain of hypermarkets as part of plan to expand local trade markets in collaboration with supply ministry
Egypt has potential to grow, but sustainability depends on government: World Bank
Pace of growth in seven Middle Eastern countries remains âfar belowâ the rates expected in the 2000s, the World Bank indicates
Egyptian non-petroleum exports rise for first time in 2014: Industry ministry
Egyptian exports grow by 3% in May after continuous monthly decline since the beginning of 2014
EGP 45.5bn growth in deposits during 1Q 2014: CBE
Total government deposits at the end of March were EGP 169.412bn, decreasing EGP 1.29bn from December 2013, when deposits were EGP 170.702bn
Morocco’s economic growth slows in first quarter as agricultural output falls
Reuters – Morocco’s economic growth slowed sharply to 2.5% in the first quarter from a year earlier, and is likely to ease slightly again this quarter as agricultural output shrinks, the country’s planning agency said on Tuesday. Agriculture, which accounts for about 15% of Morocco’s gross domestic product, fell 3.4% in the first three months …
Abu Dhabiâs Hilal Bank considers capital hike to fuel growth: CEO
Reuters – Abu Dhabi government-owned Al Hilal Bank is considering a capital increase this year to support growth of its operations, its chief executive said on Monday. The Islamic lender, owned by the Abu Dhabi Investment Council, an investment arm of the Abu Dhabi government, plans to expand its retail and wholesale banking business locally …
Egyptâs economy to strengthen from 2014 to 2016: HSBC
Trade with Europe shows promise during the next six months, the bankâs latest report noted
China faces âserious obstaclesâ: IMF chief
Chinaâs gross domestic product (GDP) grew 7.7% in 2013, unchanged from the year before.
Economic growth in Egypt expected to slowly pick up: World Bank
World Bank Economic Prospects Report expects economic growth in Egypt in 2014 to reach the highest rate since 2010 but will remain far below its potential
Private sector companies continue to excel
HSBC says activity rising at sharpest rate in survey history
Planning minister expects 2% growth in second quarter
The government targets 3.5% growth in the current fiscal year, which ends June 2014.
HSBC supports local SMEs with EGP 300m fund
HSBC forecasts a modest pick-up in export growth to over 4%
Ministers of Finance, Planning and Investment develop economic road map
The Eastern Tobacco Company also announced that it was on the verge of completing the transfer of its factories to the 6th of October City at a cost of EGP 5.5bn.
Eurozone escapes recession: Eurostat
Analysts welcomed the figures, which reinforce other survey findings, but were also cautious as the debt crisis continues to sap the economy and unemployment runs at record highs.
Car market grows 15% in first half of 2013
102,000 vehicles sold despite political turmoil
Business News: Large banks ranked most efficient while small banks achieve fastest growth
CIB rated as most efficient, followed by NSGB, while HSBC places third due to its refusal to disclose information on its non-performing loans
Egyptâs economic sectors see weak levels of funding growth
Central Bank report shows bank loans made in Egypt in November jumped only EGP 2bn
Asian markets slip on weak US manufacturing
Hong Kong (AFP) – Asian markets slipped further on Wednesday following losses in Europe and on Wall Street after a third straight monthly contraction in US manufacturing activity. The disappointing US data followed poor numbers on factory activity from Asia and Europe but dealers looked forward to a European Central Bank meeting, optimistic there would …