Latest in Tag: investors Highlight
Latest in Tag: investors
Tivoli Dome to launch branches in 5 countries in Middle East
Egyptian food court achieved profits equivalent to 90% of its total expenditure in 2014
Elsabaa Automotive Group achieves EGP 1.1bn sales in 2014, targets 20% growth in 2015
EGP 170m in investments and EGP 150m toward building four new service centres
3.8% growth rate expected by end of FY 2014/2015: Planning minister
First quarter growth of current fiscal year reached 1.1%
3 finance institutions request private sector project funding: Finance Minister
These institutions include the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), and the European Investment Bank (EIB)
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
Government to settle 22 disputes with investors
The committee has also drafted solutions for another dispute between the Tax Authority and one steel firm over tax collection as well, according to Mahfouz.
Banking sector supporting demand for corporate lending: National Bank of Egypt president
Banking sector believes in growing demand for corporate lending as well as credit rating improvement for the country, says Hisham Okasha
Final decision yet to be reached on EFG-Hermes shares purchase: EFSA chairman
Further clarification required before final decision reached on bid by Egyptian investors to buy share of Hermes
Cantalop a new âGoogle for jobsâ: Founder
New job search engine targeting Egypt job market plans to develop Smartphone application
Capital gains tax meets strong resistance from investors
FEDCOC head says claim tax will âdestroy the investment climateâ; government remains determined to implement it
Dubai to sell 15-year benchmark sukuk Tuesday
Reuters – The government of Dubai plans to sell a benchmark-sized, US dollar-denominated sukuk with a lifespan of 15 years on Tuesday, a document from lead managers said. Initial price thoughts on the Islamic bond have been set between 5% and 5.125%, the document said. Benchmark size is traditionally understood to mean at least $500m. …
Industrial land to be leased on usufruct basis: Ministry of Industry
The lack of a specific land allocation policy hindered the industrial growth and development in Egypt, says Mounir Fakhry Abdel Nour
Air Berlin to be delisted; Etihad to lift stake-report
Smaller investors, which account for 38.5% of the groupâs shares, would be bought out, WirtschaftsWoche said.
Constitution referendum results boost investor confidence in Egypt: Cabinetâs economic team
Investors look to political stability as a determinant of rapid economic growth
Nigerian finance resurges but investors still shy
The All-Share Index on west Africaâs leading bourse closed up nearly a third over the year, to 41,329.19 points.
Saudi investors express desire to fund bridge between Egypt and Saudi Arabia
The Egyptian Ministry of Finance, in cooperation with the Ministry of Transport and Saudi and Egyptian investors, will soon construct a new railway line connecting the cities of Bilbeis in the Sharqeya Governorate and 10th of Ramadan City, located along the Cairo-Ismailia desert road.
Stock market hits highest levels in eight months
Benchmark index hits 5765.8 points, expected to move upward over coming period
Second interest rate cut in a row to encourage lending: Experts
Central Bank’s decision to cut the interest rates is seen as a way to boost economy
Beltone Financial discusses political development with presidential advisor Hegazy
Hegazy also affirmed the governmentâs focus on the economic path and its target of taking âlarge leapsâ on the economic front.
Egyptâs Stock Exchange launches new website
The website was in a testing phase on Wednesday and was scheduled for a full launch Wednesday evening.
Investment minister aims for 7% growth in two years
Following the revolution, the Egyptian economy registered lower growth rates compared to the pre-revolution average, recording 1.8% in the fiscal year of 2011-2012. The rate rose minimally to 2.2% in 2012-2013.
Suez Advisory group explains resignation
The group of advisors for the Suez Canal development project had resigned last month
Delegation travels to Iraqi Kurdistan
Part of plan to increase Egyptian exports to new markets
Annual PPP summit announces national projects to attract investors to Egypt
The plans are also aimed at fostering employment for Egyptian youths.
Choking up
By Philip Whitfield Notice the traffic? Given up going out? Carrying a doggy bag on the shopping run? Good news. Nobody will be able to afford to drive soon. Everyoneâs money will be spent paying the gas bill and keeping cool in ice baths. Who dares flick on the air-con? Bit chilly? Snuggle up in …
Sabbour: No foreign investment in the absence of stability and security
The President of the Egyptian Businessmen Association, Hussein Sabbour, relays to Daily News Egypt his concerns and diagnosis of Egyptâs economic crisis and sheds light on how Egypt can overcome the perils of status quo
Bill Gates among US investors to acquire $1bn stake in OCI
OCI NV launches exchange offer to absorb outstanding stocks and GDRs of parent company OCI SAE
Investors postpone visits to Egypt due to political unrest
Business councils have pushed back meetings until political dust settles
Investor and state interests in conflict over government land-use proposal
A policy under study by the Ministry of Investment would only allow investment in government land under a usufruct system.
Worldwide economic instability instigates drop in metal prices
The prices of non-ferrous metals (copper, aluminium and lead)have dropped across international markets, after witnessing a slight rise last week, according to a report published by the Metallurgical Industries Chamber (MIC). The price of copper fell by $137, recording $8,156 per tonne on 25 September, compared to $8,293 last week. Aluminium prices followed suit, falling …