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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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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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Supply ministry welcomes Ramadan with discount commodities

  /  June 15, 2014  /  Business  /  No Comments

Exhibition for food at reduced prices to start Wednesday at the Cairo International Fair Grounds in Nasr City, the ministry says

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Discount and added tax for excess liquidity canceled: Minister of Finance

  /  June 3, 2014  /  Business  /  No Comments

Government scraps “added” tax to provide excess liquidity to traders and to facilitate transactions. Estimated proceeds of the stock market and wealth tax is EGP 10bn

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Tourism ministry plans programme for discounted summer flights for Egyptians

  /  May 28, 2014  /  Business  /  2 Comments

Ministry to form agreement with EgyptAir as a way to increase hotel occupancy in coastal areas

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Cabinet to kick off food and commodities discounts

  /  April 9, 2014  /  Business  /  1 Comment

Discounts are meant to counterbalance increasing inflation rates, cabinet says

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Gilead offers Egypt new hepatitis C drug at 99% discount

  /  March 22, 2014  /  Business  /  9 Comments

While the drug will still cost $900 for a 12-week course of treatment, that is a fraction of the $84,000 charged for a course of treatment in the United States.

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Latest

EgyptAir offers up to 25% discount for anniversary

  /  May 6, 2013  /  Business, Economy  /  No Comments

Airline: Best way to celebrate is to communicate with customers

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Hotel room revenues to increase in upcoming period: Colliers International

  /  April 4, 2015  /  Business  /  No Comments

Quarterly and annual forecast sees rise in room revenues compared to last year’s corresponding periods

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Resolving public sector financial entanglements ‘painful process’: Mehleb

  /  March 24, 2015  /  Business  /  No Comments

Unregistered government body debts enlarged debt problem, ministers of finance and investment responsible for presenting report to Economic Committee, says Mehleb

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Latest

CBE keeps ratings unchanged

  /  February 28, 2015  /  Business  /  No Comments

Overnight deposit rate, overnight lending rate, main operations’ rate stand at 8.75%, 9.75% and 9.25%, respectively, bank said

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United Bank to allow paying taxes, customs through branches

  /  February 21, 2015  /  Business  /  No Comments

The United Bank will introduce in all branches a service for paying all government dues, such as individual and company taxes and customs, the bank’s chairman Mohamed Ashmawy revealed Thursday. The move comes in cooperation read the rest…

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Review of indicative car prices law

  /  February 9, 2015  /  Business  /  No Comments

Decisions are new beginning for re-structuring customs as a whole, says ECA

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First ‘White Wedding Festival’ helps couples organise their nuptials

  /  February 9, 2015  /  Culture  /  No Comments

With discounts on shows and jewellery, the festival covered all wedding needs

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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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Latest

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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Latest

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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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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Latest

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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Latest

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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Latest

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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Latest

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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