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You are here:  Home  >  Articles by Abdel Razek Al-Shuwekhi
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Ministerial chamber to investigate embassy shutdowns: Tourism ministry official

  /  December 10, 2014  /  Business  /  1 Comment

Ministry seeking assistance from foreign and interior ministries to solve issues regarding embassy shutdowns in Cairo

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Tourist spending increases 15.8% per night during second half of 2014

  /  December 10, 2014  /  Business  /  1 Comment

Tourism ministry has launched programmes to attract visitors from Saudi Arabia, Kuwait, Jordan

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Doubts raised over Kellogg’s bid for BiscoMisr shares

  /  December 8, 2014  /  Business  /  No Comments

Kellogg’s EGP 940m bid for 51% of company awaiting response from Financial Supervisory Authority

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Kellogg’s offers EGP 945m for 51% of BiscoMisr

  /  December 7, 2014  /  Business  /  1 Comment

US-based frim will develop the company and launch its products on international markets

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Tourism sector asks banks to postpone debt repayment to end of 2015

  /  December 6, 2014  /  Business  /  No Comments

Banking system owed EGP 10bn from tourism sector, workers hope to postpone debt repayment to end of 2015

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Egypt rises 20 points on transparency, anti-corruption ranking

  /  December 3, 2014  /  Business  /  No Comments

Egypt’s ranking improved in the Corruption Perceptions Index to 94th place in 2014, up from 114th last year

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Social Fund for Development to grant further loans for projects in poor areas: Director

  /  December 2, 2014  /  Business  /  2 Comments

Funding reached EGP 2.3bn by September, of which EGP 2bn was allocated to small- and medium-sized projects and EGP 300m for social development

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Economic analysts agree with IMF report on Egypt’s economic status

  /  December 1, 2014  /  Business  /  1 Comment

Analysts request to amend monetary policy and take precautions with mega-projects in light of current circumstances

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Nuweiba-Taba Investors Association requests increased security measures

  /  November 30, 2014  /  Business  /  No Comments

Investors Association requests Sharm El-Sheikh-style security measures due to fears of terrorist bombings targeting tourists

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$10bn total UAE investments in Egypt: GAFI head

  /  November 29, 2014  /  Business  /  No Comments

UAE ranks second on list of Arab countries with most investments in Egypt after Saudi Arabia

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Tourism ministry aims to expand foreign investment: Ministerial advisor

  /  November 26, 2014  /  interviews  /  1 Comment

Ministry of Tourism is working to attract investments worth $5bn before 2020, will offer mega investment opportunities during the economic summit in March 2015

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Large share of foreign aid goes to private sector, government: International cooperation minister

  /  November 24, 2014  /  Business  /  2 Comments

Egypt is counting on an increase in loans and grants from international funding agencies to support implementation of government projects and increase growth rates in the coming period

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Egypt suffers from legislative chaos, lack of legal reforms: Saudi businessmen

  /  November 23, 2014  /  Business  /  1 Comment

Saudi investors say political turmoil in Egypt has had negative effect on investment climate, signs of stability will attract more Arab investments

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‘Our investments in Egypt are continuous and will not stop’: PepsiCo chairman

  /  November 19, 2014  /  interviews  /  2 Comments

PepsiCo has injected $600m into Egypt over the past three years, of which $270m were supplied last year, and hopes that its investments will expand in the near future

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Egypt’s economy grows by 1.1% in first quarter

  /  November 18, 2014  /  Business  /  1 Comment

Figure 6.8% higher than same quarter last year

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3.8% growth rate expected by end of FY 2014/2015: Planning minister

  /  November 18, 2014  /  Business  /  1 Comment

First quarter growth of current fiscal year reached 1.1%

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Elaf Group hopes to increase share of Egyptian Umrah travellers

  /  November 17, 2014  /  Business  /  1 Comment

Egypt one of the largest Umrah markets with 945,000 pilgrims last year

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EGP 4bn real estate investments in Sheikh Zayed: City chairman

  /  November 15, 2014  /  Business  /  1 Comment

Sheikh Zayed hopes that business, entertainment, and sports services will reach the city soon, as real estate investments currently amount to EGP 4bn

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PepsiCo Egypt imports $20m in agricultural supplies

  /  November 12, 2014  /  Business  /  1 Comment

PepsiCo has put forward a request to the Ministry of Agriculture for land to cultivate potatoes, according to General Manager of PepsiCo North East Africa and Egypt Ahmed El-Sheikh. The company put forward the request read the rest…

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Techno Office aiming to increase Egyptian sales by 15% over the coming year: Chairman

  /  November 11, 2014  /  Business  /  No Comments

Company hopes to take advantage of economic changes and new investors in light of government’s mega-projects

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Investors Association demands resumption of Saint Catherine flights

  /  November 11, 2014  /  Business  /  No Comments

Despite transportation difficulties in reaching Saint Catherine, the area is rich with touristic landmarks

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Dabur Egypt Ltd aims to double its sales over next 3 years: Finance manager

  /  November 10, 2014  /  interviews  /  No Comments

Company investing in 10th of Ramadan factory

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Egypt will host African economic blocs to create free trade zone: Industry minister

  /  November 10, 2014  /  Business  /  No Comments

Move aimed at boosting business with blocs that account for 60% of Africa’s trade

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Tourist occupancies in Sharm El-Sheikh stable this week: Hotels Chamber

  /  November 9, 2014  /  Business  /  No Comments

Occupancy rates remain at 55% despite October bombing in North Sinai

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Government postpones Economic Summit to avoid Chinese New Year

and   /  November 8, 2014  /  Business  /  No Comments

Dispute surrounding Kuwaiti grant valuing $1bn, Ministry of Finance confirms its arrival, International Cooperation denies

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10-15% growth targets in government sector: Al-Kharafi Group

  /  November 5, 2014  /  Business  /  No Comments

Egypt consumes 75% of domestic production of the Arab Company for Computer Manufacturing, the remainder is exported, says Al-Kharafi Group marketing manager

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30% growth target in 2015: Dell sales manager

  /  November 5, 2014  /  Technology  /  No Comments

2014 figures targeted 20% growth, but company reached only a “not acceptable” 10%, says distribution sales manager

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Tourism ministry aims for 1 million British tourists by year’s end: Official

  /  November 4, 2014  /  Business  /  No Comments

Efforts have been stepped up to attract 1 million tourists from Britain this year through a presence in the World Travel Market

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TAA to lower company and hotel participation costs in Warsaw Fair

  /  November 2, 2014  /  Business  /  No Comments

Tourism authority aims for lower company and hotel participation costs at Warsaw Fair to increase tourism traffic this year

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Arab Banking Corporation allocates EGP200m for retail banking sector

  /  November 1, 2014  /  Business  /  No Comments

Corporation supports retail banking sector over the next year with investment amid its share of stimulus activities

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