This period in our region’s history will have a long-term effect, not only on the relationship between people and society, but also society and the state, and among the regional states as well. Major global incidents have always had an impact on the Middle East more so than any other region in the world. To …
During the previous fiscal year (FY) 2014/2015, the oil and gas demand increased by 0.5m tonnes to a total of 73m tonnes. The share of demanded oil was 38m tonnes, of which 36% was fuel oil, 36% was gas oil, 16% gasoline, and 11% LPG
Following Morsi’s ouster on 30 June, government adopted austerity-style policies, Centre Head says
The presidential hopeful’s economic plan relies on state budget, banks, and investors to finance its projects
The announcement was made during a conference organised by the British Egyptian Business Association (BEBA) on 25 November.
Deputy prime minister says “capacity to dialogue, compromise and move forward is present” in Egypt during a visit to Washington DC
Protests planned outside the Arab League; Arab Organisation for Human Rights condemns plan
Brotherhood claims existence of plans to violently attack opposition protesters in Tahrir Square and the presidential palace
Governor: There’s a need to establish a law specific to the city
PM Qandil predicts 3.5 per cent growth this year
Real estate giants Emaar and Al-Futtaim join forces for lifestyle and entertainment mega-project
President Mohamed Morsy signed a $1 billion loan agreement as the first step in a financing deal that comes amid high-level cooperation between the two countries.
Columnists are counting how many promises President Morsy has fulfilled, of the many he said he would meet within his first 100 days in office. Others are considering upcoming parliamentary elections, in particular the odds of success for Salafi former presidential candidate Hazem Abu Ismail and his new party. Finally, the ongoing saga of the …
Presidential spokesman confirms there is no plan for a free trade agreement with Gaza
Members of prominent Islamist parties are set to meet with Minister of Investment Ossama Saleh next Monday to discuss the possibility of introducing Islamic debt guidelines. “This meeting is mainly to coordinate between political parties and the government to come up with a coherent legal framework in order to issue sukuk [Islamic bonds] in Egypt,” …
All about wedding, the “Big Day”
Make the choice, to live or not, once and for all.
Tony Blair sponsors talks which could solve Palestinian Authority’s financial problems
Statements on investment and economic achievements made by Mubarak-regime ministers were never met with trust by the general public, while specialists could see that they were nothing more than media fireworks systematically set off to improve the picture of utter destruction the country’s state of affairs had reached. A simple review of the number of …
Within the coming few days a presidential decree is to be issued to amend Sinai Development Act number 14 for the year 2012, which Prime Minister Hisham Qandil’s cabinet approved in its last meeting, state-run Al-Ahram reported Saturday. According to Al-Ahram’s report, the presidential amendment stipulates the establishment of a National Authority for the Development …
The Ministry of Finance has reported it will issue an additional EGP one billion in Floating Rate Notes (FRNs) by the beginning of October. FRNs are bonds with a variable interest rate that changes every six months and is tied to a certain money-market index. According to experts, FRNs provide protection to investors against drops …
By: Hend El-Behary The French Development Agency (FDA) along with the European Investment Bank have granted Egypt a soft loan of €940 million for the construction and development of phase three of the third Cairo underground line, stated the Ministry of Planning and International Cooperation (MPIC). Minister Ashraf Al-Araby of the MPIC, in the presence …
The Sixth of October for Development and Investment Company (SODIC), Egypt’s third largest real estate developer, reported to the Egyptian Stock Exchange that no lawsuits were filed against them by the Lebanese multinational real estate developer Solidere. According to AhramOnline’s report on Tuesday; Beltone, a Cairo-based investment bank, stated that Solidere announced Sunday its plans …
Driven by the current financial shortfall, the Egyptian government has begun discussions regarding prospective public-private partnerships (PPP). According to officials, PPP are intended to catalyse infrastructure development, of which the country is in desperate need. The Ministry of Finance launched the MENA Project Finance and PPP two day conference yesterday, under the patronage of Prime …
Under the slogan “Future Tax System and its Impact on the Economy and Investment,” the Egyptian Society for Taxation (EST) sponsored a conference yesterday, discussing new reforms which would enhance the Egyptian taxation system. The conference was headed by Ahmed Sawqqi, chairman of the EST, and attended by Mamdouh Omar, the newly appointed chairman of …
Peace envoy’s meeting with Syrian president leaves behind warnings of a “crisis
Egyptian Steel signed Wednesday a $ 210 million agreement with Daneili SpA (DANR), an Italian company specialised in supplying plants and equipment to the steel industry, to supply production lines for Egyptians Steel’s new plant in Ain el-Soukhna. Prime Minister Hesham Qandil witnessed the agreement signing ceremony between Ahmed Abou Hashema, Chairman of Egyptian Steel, …
Israeli official dismissed the charges by the King of Jordan
As part of the US delegation’s mission to Egypt, the Overseas Private Investment Corporation (OPIC), a US government financing institution, signed a $150 million deal with private equity group Abraaj Capital. The new commitment targets the enhancement and development of small and medium-sized enterprises (SMEs). Managed by Aureos Capital, Abraaj’s SMEs investment platform, the Riyada …
Orascom for Construction Industries (OCI) announced yesterday that the General Authority of Investment and Free Zones (GAIF) approved OCI’s proposed valuation split methodology for the demerger of its construction group from its fertilisers group. GAIF approved on Saturday to split OCI’s standalone assets and liabilities on book value basis as at 31 December 2011, an …
