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Memorandum signed for storage, distribution of food products in Egypt

  /  January 28, 2015  /  Business  /  No Comments

Memorandum leads to strengthening the Canadian-Egyptian trade relations and exchange experiences in establishing an Egyptian commodity exchanges

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Oil diminishes interest rates

  /  January 20, 2015  /  Opinion  /  No Comments

By Ahmed El-Wahsh Central Bank of Egypt (CBE) director, Hisham Ramez took the decision of unexpectedly cutting nationwide interest rates by 50 basis points on the inflation expectation. This decision was implemented due to the read the rest…

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Central Bank of Egypt cuts key CBE rates by 50 basis points

  /  January 17, 2015  /  Business  /  No Comments

CBE explained that it has reduced its overnight deposit rate, overnight lending rate and the rate of CBE’s main operation to 8.75%, 9.75% and 9.25% respectively.

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The bard comes to Alexandria

  /  January 15, 2015  /  Lifestyle  /  No Comments

London’s Globe Theatre performs Hamlet in Alexandria for one night only

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Hotels to offer 20% discounts during mid-year holiday to attract Egyptians

  /  January 14, 2015  /  Business  /  1 Comment

Hotels hope to attract Egyptians to raise occupancies and make up for the current decline in foreign flow

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Customs confuses automobile market calculations

  /  January 13, 2015  /  Business  /  No Comments

Pilot prices for European products rang between fact and fantasy, agents complain about excessive customs values

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Real estate companies offer new diverse offers to attract clients to face recession

  /  January 11, 2015  /  Business  /  No Comments

Some of small- and medium-sized real estate companies tended towards providing gifts to motivate the client to buy their units.

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Al Jazeera’s lawyer bailed out on the defendants, so we paid for our own: Mohamed Fahmy’s fiancée

  /  January 10, 2015  /  interviews  /  No Comments

Marwa Omara speaks to Daily News Egypt about the details of Fahmy’s arrest, and the circumstances surrounding it

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OHD offers 15% of stocks at EGP 506m

  /  January 4, 2015  /  Business  /  1 Comment

33m stocks were offered by the company

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Orascom Development Holding offers 10-15% in stock market

  /  December 30, 2014  /  Business  /  No Comments

The company stated that its management is “optimistic with the company’s performance”, adding that it expects a stronger performance after the completion of the upcoming parliamentary elections.

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Latest

0.5 million deceased removed from ration cards

  /  December 28, 2014  /  Business  /  1 Comment

Citizens who have been out of country for over 6 months will also be removed

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CBE to double mortgage initiative to EGP 20bn by 2015: Minister of Housing

  /  December 23, 2014  /  Business  /  2 Comments

Real estate prices in Egypt will not decrease; solution is to increase income and we need 500,000 housing units annually, says real estate expert

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Latest

International bonds issued in all markets, country minus guarantor: Dimian

and   /  November 26, 2014  /  interviews  /  No Comments

Government received offers from abroad to finance Suez Canal project but opted to finance it domestically, say finance minster

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Unified investment law’s fate in the hands of legislative reform committee

  /  November 25, 2014  /  Business  /  1 Comment

Consultations currently underway on ‘one-stop shop’ investment window within all government agencies

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Innovation in Developing Economies

  /  November 24, 2014  /  Opinion  /  1 Comment

By Michael R Czinkota and Ilkka Ronkainen Innovation in developing economies is evolving rapidly, but can still improve in terms of marketing. Businesses in emerging economies can make profits and can positively affect the livelihoods read the rest…

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ECESR files appeal against decision forcing taxi drivers to provide bank statements

  /  October 22, 2014  /  Business  /  No Comments

According to traffic law, taxi owners are not obliged to submit bank statements in order to renew their licenses, ECESR says

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US Court accepts Egyptian national’s guilty plea for US embassy bombings

  /  October 1, 2014  /  Egypt, Politics  /  No Comments

1998 bombings targeted two US embassies in Kenya and Tanzania, killing 224 people

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Egyptian national pleads guilty to US embassy bombings charges

  /  September 20, 2014  /  Egypt, Politics  /  No Comments

The suspect is allegedly involved with Al-Qaeda in bombing US embassies

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Latest

CBE interest rates remain unchanged

  /  September 2, 2014  /  Business  /  No Comments

Early Monday, the Central Bank of Egypt adjusted July’s inflation rate, increasing it from 10.61% to 11.04%

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Government ends customs evasion crisis in Port Said, grants 40% tax cuts for goods: PM spokesperson

  /  September 1, 2014  /  Business  /  No Comments

By Mohamed Ayyad Prime Minister Ibrahim Mehleb responded to the requests of the Port Said traders to calculate customs on the basis of the bill that determines the actual value of the goods received. A read the rest…

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Government bodies owe Petroleum Authority EGP 163bn

  /  August 23, 2014  /  Business  /  2 Comments

Several government agencies have stopped paying for fuel products they are receiving from the EGPC in light of their need for this money in order to pay dues they owe to partners and banks. Dues read the rest…

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Latest

Supply service call centre to be inaugurated Thursday: MCIT

  /  August 20, 2014  /  Technology  /  No Comments

Hotline to be established to receive complains from citizens and keep them informed of their ration supplies, said MCIT

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Latest

Inflation sees biggest monthly surge since 2008

  /  August 10, 2014  /  Business  /  No Comments

Increased demand on commodities and fuel prices behind the 3.3% month on month rise in inflation, CAPMAS says

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Latest

Almasria Universal Airlines considers operating flights to tourist areas at discounted prices: Chairman

  /  July 16, 2014  /  Business  /  1 Comment

Almasria Universal Airlines considers operating flights to Sharm El-Sheikh and Luxor during peak seasons holidays at reduced prices

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Latest

Egypt closes deal with Gilead Sciences for Hepatitis C drug at 99% discount

  /  July 15, 2014  /  Business  /  1 Comment

Around 170,000 doses of Hepatitis C medicine will be available for Egyptian patients late September

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Latest

Rise in occupancy to 70% in Red Sea, 55% in South Sinai after German travel warning lift:Tourism minister

  /  July 15, 2014  /  Business  /  1 Comment

Occupancy in tourist accommodations rose after travel warnings lifted in the European market

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Latest

Government to bolster transport system with EGP 1.4bn

  /  July 8, 2014  /  Egypt, Politics  /  1 Comment

Ministers agree on package to develop and reform transport system in wake of subsidies cut

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Latest

Carrefour to fix basic food items’ prices until end of 2014: Executive Regional Director

  /  July 8, 2014  /  Business  /  No Comments

The items in question include essential goods such as rice, oil, sugar and other commodities, Herve Majidier says

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Military looks to ‘ease burden’ of rising prices

  /  July 7, 2014  /  Egypt, Politics  /  No Comments

Armed forces to provide food at discounted prices and bolster transportation system

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Latest

Surge in fuel prices threatens food commodities

  /  July 5, 2014  /  Business  /  No Comments

Fuel prices to reflect on food commodities, says head of Citizens Against Price Rises Association

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