Latest in Tag: The daily News Egypt Highlight
Latest in Tag: The daily News Egypt
Beltoneâs net profits down 2.8% in H1 of 2015
The company registered net profits worth EGP 10.7m in H1 of 2015, down from EGP 11m in H1 of 2014
National Real Estate Bank to develop government projects worth EGP 150m
Company is expected to soon deliver housing project for armed forces worth EGP 43m in Cairoâs Hikestep district
Annual inflation drops to 8.3% in July: CAPMAS
Despite year-on-year decline, Consumer Price Index (CPI) increased 0.6% in July 2015 compared to preceding month
Italyâs Mulmix offers investments in Damietta logistics project
Company also offered to invest and establish silos in several Egyptian governorates
Marseilia Egyptian Gulf Real Estate Investment shifts from loss to profit in H1 of 2015
In first half of 2015, the company’s net profits reached EGP 10.3m
Trade deficit sees 4.4% hike in Q3 of FY 2014/2015
In a country that is more dependent on imports, it is generally common to find a deficit in trade balance
Suez Canal: A cruise to the past
It took a long journey for the Suez Canal to reach its current state today, a journey witnessing several closings and instability of the canalâs operations. Today, Egypt celebrates the opening of the canalâs expansion
The Suez Canal expansion in the eyes of international media
Ahead of the Suez Canal expansion celebration, some international media outlets shed light on the new inauguration. Some reported the facts, and threw in their own and experts views and opinions on it. Daily News Egypt outlines a number of newspapers that talked about the event ahead of its official opening on 6 August. “Today …
Swiss Federal Councilor to attend Suez Canal opening
Economics minister and vice-president of the Federal Council will also be holding bilateral talks with heads of state and government whilst in Egypt
Crédit Agricole generates net profits worth EGP 482.99m in H1 of 2015
Bank’s net profits jump 55.7% in H1 compared to same period in preceding year
Al-Ahwani negotiates $ 115m loan with South Korean government
KOICA provided Egypt with a grant worth $ 1m to prepare feasibility studies needed to operate an integrated technological educational complex
Egypt implements first office in UAE to revitalise tourism
New office will cooperate with airlines flying into Egypt to create direct flights to Sharm El-Sheikh, Red Sea and North Coast
Petroleum Ministry to supply 1.2m residential units with natural gas this FY
Natural gas delivered to approximately 6.9m residential units from programmeâs start until end of FY 2014/2015
EGP 500m to construct solar powered compound
MCR will run global tender to choose company that will be responsible for implementing 1 MW solar power plant
April trade deficit up 52.7% YOY
Egypt recorded trade balance deficit of EGP 24.60bn in April 2015, says CAPMAS
Egypt is poorer than other Arab Spring countries: Global Finance report
Egypt ranks 109th globally in world’s wealthiest/poorest countries list, with GDP per capita being equivalent to $6,650
Suez Canal investment opportunities still unclear: Canadian Chamber Chairman
Once details are provided, weâll see what could be interesting for Canadian investors, says Ezzeldin
Upward trend for Egyptâs economic indicators: Investment Minister
Egyptian government is aiming to achieve better results in upcoming three years, says Salman
Emaar Misr boosts net sales by 20% in H1 of 2015
Real estate developer scored net sales of EGP 3.91bn in first half of current year
CBE to reveal details of commodity prices developments in June
By Hossam Mounir The Central Bank of Egypt (CBE) is expected to reveal on Wednesday details pertaining to developments of commodity prices within the markets last June, upon which the state inflation rates are determined. The details would be announced in the CBEâs monthly report that is issued on the 15th day of every month. …
Concern over European warnings against travel to Egypt: Investors
Income from tourism sector, Suez Canal are important for Egyptâs economy to acquire foreign currency
Administrative authorities to report available lands to Investment Authority: Salman
Authority to be investorsâ exclusive representative in completing dealings with administrative authorities, says Investment Minister
Analysis of offers to supply 50,000 smart metres to be completed within weeks
Elsewedy, Siemens, Huawei and ZTE are most prominent competitors
Egypt strikes deal with Chinese company to fund 1m Acres Project infrastructure: Ministry of Housing
Facilities of the One Thousand Factory Project completed, temporary licenses are being issued after the approval of the cabinet, says Madbouly
EGAS, Rosneft negotiate technical, financial details for 24 LNG shipments
The Egyptian Natural Gas Holding Company (EGAS) and Russian government-owned Rosneft are negotiating technical and financial details to supply 24 liquefied natural gas (LNG) shipments to Egypt in the next two years. A senior EGAS official said in a statement to Daily News Egypt that the negotiations over the shipments will hopefully be finalised soon, …
Al-Abbar requests reduction in administrative capital project share to 20%
Sources say Housing Ministry may approve request on condition investors commit to projectâs financing from abroad
Metawee Group invests EGP 750m in new âBlue Blueâ project
Project is located in Ain Sokhna and covers 121,000 sqm
IMF projects slower growth in emerging markets
Growth in emerging markets and developing countries will reach 4.2% in 2015, down from 4.6% in 2014, expects IMF
QNBâs net profits increase by 10.2%
Net profits value from January to June 2015 stood at QAR 5.6bn ($1.5bn)
PACT to invest EGP 1.7bn in Egyptian real estate over 10 years
EGP 65m for financing White Bay project in Ain El-Sokhna, to be financed in cooperation with NBE