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Six Middle East countries lose $35bn as impact of Syrian war and ISIS spread

  /  December 20, 2014  /  Business  /  1 Comment

Analysis suggests Syria and Iraq bear brunt of direct costs of war, losing 14% and 16% in per capita welfare, respectively

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EIPR calls for more budget transparency

  /  December 17, 2014  /  Business  /  No Comments

Budget transparency defined by disclosing more information on budget and providing simple and clear data for public to understand, EIPR study says

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Ayady Company launches with EGP 10bn in capital

  /  December 16, 2014  /  Business  /  No Comments

Government is contributing EGP 2bn to new company

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Egypt exports to UK grow by 30% in 2014: Egyptian-British Chamber of Commerce

  /  December 16, 2014  /  Business  /  1 Comment

Egypt-UK trade volume expected to surpass $2bn for first time, chamber says

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Chinese investors show interest in infrastructure ahead of Al-Sisi’s visit

  /  December 10, 2014  /  Business  /  2 Comments

Egyptian ministers propose projects to China, which Al-Sisi will negotiate during his visit

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Urban inflation declines to 8.5% in November

  /  December 10, 2014  /  Business  /  1 Comment

Consumer price index (CPI) falls by 1.7%

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International oil price reduction to save cash for Egypt’s budget: Economy professor

  /  December 9, 2014  /  Business  /  No Comments

Crude oil prices have slumped to lowest level in five years due to potential increased market supply

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Government delivered only 57 units from its 1m residential-unit project: EIPR study

  /  December 8, 2014  /  Business  /  2 Comments

Allocation for the project in FY 2014/15 state budget amounts to EGP 9.5bn in total

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“Significant progress” made in solving NUBASEED dispute: Saudi investor

  /  December 7, 2014  /  Business  /  1 Comment

Chairman of Saudi-Egyptian Businessmen Association says move will increase future Saudi investments in Egypt

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Saudi Shaheen Group invests EGP 500m in Egypt

  /  December 7, 2014  /  Business  /  2 Comments

Group Chairman says these investments will be directed to agricultural and solar projects

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Numerous public bank officials resign to protest maximum wage

  /  December 6, 2014  /  Business  /  No Comments

New maximum wage sets wages at 50% less than original wages, resigned NBE official says

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World’s 7th largest dairy firm drops Egypt’s Arab Dairy bid

  /  December 3, 2014  /  Business  /  2 Comments

Arla Foods explore alternative options to enter Egyptian market

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Construction sector challenged by growing demands: Hill International Egypt Manager

  /  December 2, 2014  /  interviews  /  2 Comments

Egypt’s construction sector is busy due to the huge development projects adopted by the government, Waleed Abdel Fattah says

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First economic stimulus package projects to end in Q1 2015: Planning minister

  /  December 1, 2014  /  Business  /  No Comments

Many projects in the housing sector, part of the economic stimulus package, will be concluded within two months

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Local steel producers do not expect high profits in 2014: Egyptian Steel chairman

  /  November 30, 2014  /  Business  /  2 Comments

Value of government-imposed protection fees is low, Ahmed Abou Hashima says

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Egypt economy recovering after 4 years of slow activity: IMF mission chief

  /  November 26, 2014  /  Business  /  1 Comment

“There is growing national consensus on the need for economic reform”, says Chris Jarvis

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Government negotiates $200m from Khalifa Fund, to invest in Employment Holding Company: Planning minister

and   /  November 26, 2014  /  interviews  /  1 Comment

Minister of Planning Ashraf El-Araby expects approximately $2.5bn in FDI in Q2 FY 2014/2015

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16th Conference of Arab Businessmen and Investors kicks off in Cairo

  /  November 23, 2014  /  Business  /  No Comments

Government claims a “legislative revolution” will attract investors

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Emirati company offers to manage investments in Egypt’s logistics project

  /  November 18, 2014  /  Business  /  No Comments

International consulting firm requests to participate in the project through establishing railway lines over 600km, supply minister says

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ITDA offers lands on usufruct basis for commercial, investment projects

  /  November 17, 2014  /  Business  /  No Comments

Minister of supply says authority to establish commercial and shopping city near Suez Canal development with EGP 40bn in investments

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NBE to fully automate risks management: Information Security director

  /  November 15, 2014  /  interviews  /  No Comments

Egyptian customers’ trust in banking technology will increase when the banks offer services with high security standards, Abeer Khedr says

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Al-Sisi approves €99m in loans, grants from EU and EIB

  /  November 12, 2014  /  Business  /  1 Comment

EU entities will give assistant packages to Egypt for sanitation project in Kafr El-Sheikh

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Egyptian exports fall 12.52% month-on-month

  /  November 11, 2014  /  Business  /  No Comments

October exports register $1.309bn

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Postponement of Economic Summit met with conflicting reactions

  /  November 9, 2014  /  Business  /  No Comments

Cairo University economics professor says instability of Gulf stock markets might be behind postponement

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UAE’s Aabar acquires 5.1% stake in Palm Hills Development

  /  November 9, 2014  /  Business  /  No Comments

Deal reflects Egyptian real estate sector’s ability to attract regional and international investment, says Palm Hills

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Egypt is engine of growth in Middle East: World Bank Egypt director

  /  November 8, 2014  /  interviews  /  No Comments

The World Bank supports the economic reform measures of the government and prepares to take part in the economic summit in February 2015, Hartwig Schafer says

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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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Egypt’s trade minister to visit Ethiopia in December

  /  November 8, 2014  /  Business  /  No Comments

Abdel Nour will participate in African Union Ministers of Trade Conference on 3-5 December in Addis Ababa

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International cooperation ministry denies receiving $1bn from Kuwait

  /  November 8, 2014  /  Business  /  No Comments

Last aid to Egypt was $350m Saudi loan for electricity projects and promoting Saudi exports to Egypt, says ministry spokesperson

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Foreign reserves register $1.7bn year-on-year decrease in October

  /  November 6, 2014  /  Business  /  No Comments

October’s figure marks the fourth consecutive increase in foreign currency since a decrease of around $60m from May’s figure to June

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