Latest in Tag: Hisham Tawfik Highlight
Latest in Tag: Hisham Tawfik

Public Enterprise Ministry reveals latest developments in restructuring plans
A German consultant is studying the efficiency of Delta and Nasr Fertiliser’s equipment

Egypt evaluates investment maps and opportunities with the private sector at IsDB Forum: Tawfik
The discussion session was attended by: Mahmoud Abdel Rahim, Representative of the General Investment Authority, Dr. Nevin El-Tahri, Member of the Board of Directors of Egypt’s Sovereign Fund, Sylvain Marlin, Deputy Resident Representative of the United Nations Development Program in Egypt, and Dr. Ahmed Heikal , Founder and President of Citadel Capital.

Public Enterprises Ministry makes great strides in reviewing untapped assets
Assets have helped pay total of EGP 33bn in historical debts

Public Enterprises Ministry chooses BasharSoft as recruitment platform
BasharSoft’s Forasna and Wuzzuf will help companies under Ministry’s umbrella to recruit employees they need

Government settles EGP 13.5bn debts of public business sector companies
These debts are estimated at EGP 13.5bn, with their settlement coming in light of the government’s efforts to settle and repay the accumulated historical debts of that sector.

Public Enterprises Sector Ministry restructures affiliated firms to increase profits
Tawfik’s remarks came during his speech at the “Egypt in a Changing World” conference, organized by Future University.

We aim to boost Egyptian cotton products in global markets: Public Enterprises Minister
Tawfik said that a comprehensive and complete restructuring process, worth investments exceeding EGP 21bn, is being carried out for the ginning, cotton, spinning and weaving companies affiliated to the Minister of Public Enterprise Sector.

Public Enterprises sector’s transport firms to merge under private management
Revival of Continental Hotel in Downtown Cairo and The Savoy Hotel in Luxor: Tawfik

Egypt to maximise Export Credit Risk Guarantee Company’s role in Africa: Tawfik
Raising customs clearance procedure efficiency, reducing internal transport costs are most prominent ways to increase exports

HoldiPharma targets EGP 21.1bn revenues in FY 2020/21
Complete plan for Nasr Pharmaceutical Chemicals Company to be implemented within two weeks

Technology main player in financial inclusion: Hisham Tawfik
NBE, Misr Life Insurance jointly launch ‘Tomorrow Pension’ bank insurance product

Tharaa in talks with foreign investors over Public Enterprise Sector Ministry’s projects
Available projects are in the sectors of tourism, livestock, real estate, and pharmaceuticals, says Tawfik

Egypt launches joint venture with private sector to manage African intra-trade project “Gosoor”
Africa expected to achieve 4% economic growth, while some European countries likely to grow by only 1.9%, says AfDB’s socio-economist

NIB approves EGP 1.5bn loan for public enterprise sector ministry
Public enterprise sector ministry provides EGP 1bn from the government’s IPO programme to the state treasury, with EGP 700m liquidity available in companies

Public Enterprise Ministry to finalise textile sector reforms within 30 months
We seek to partner with private sector for beneficial management of companies, says Tawfik

Public Enterprise Sector Minister heads regular general assembly of HCCD
HCCD revenues reach EGP 1bn, while net profit stands at EGP 725m in FY 2017/18

Three Egyptian ministers visit Chad to launch pharmaceutical factory
American firm conducts study to recover Egyptian cotton’s reputation, says Tawfik

Final agreement to revive El Nasr in H1 of 2019: Hisham Tawfik
Foreign delegation will arrive tomorrow to resume talks

Nassar, Tawfik open 5th session of Egypt Automotive
EGP 47bn expected car sales this year, with hopes to sell 300,000 cars by 2020: Hussein

IPO’s high committee will look into first phase next month: Tawfik
Phase included floating 23 companies in banking, chemicals, petroleum, insurance sectors