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Egypt’s economy over three years of turmoil

  /  September 20, 2014  /  Business  /  No Comments

Daily News Egypt takes a closer look at the economic situation since the 25 January Revolution

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Egypt’s industrial policies discourage employment: World Bank report

  /  September 20, 2014  /  Business  /  No Comments

50% of Egyptians believe unemployment situation will improve in the next five years, says Gallup survey

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Euromoney Conference: North coast land to be offered in February’s Economic Summit: Minister of Tourism

and   /  September 17, 2014  /  Business  /  No Comments

Government targets EGP 19bn investments with 28msquare metres of land, says an official source at the Ministry of Tourism

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Euromoney Conference: Government removing barriers to investment: Tourism minister

  /  September 17, 2014  /  Business  /  No Comments

Ministry plans to attract 40 million tourists to Egypt in the coming period

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Euromoney Conference: Construction and real estate sectors need better governance: Real estate developers

  /  September 17, 2014  /  Business  /  No Comments

Egypt’s construction and real estate market has growth potential, says real estate company regional director

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Industrial sector, investments will rise when Egypt offers preferential treatment to local products: Trade minister

  /  September 16, 2014  /  interviews  /  No Comments

  Minister of Industry and Foreign Trade Mounir Fakhry Abdel Nour told the Daily News Egypt in an interview for the Euromoney supplement that the law offering preferential treatment to local products will be referred read the rest…

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Egypt takes steps to increase Egyptian products in Russia

  /  September 14, 2014  /  Business  /  No Comments

Industry minister calls on companies exporting to Russia to establish affiliate offices in Moscow to market products

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Government to allocate budget revenues in CBE to Suez Canal investment certificates

  /  September 13, 2014  /  Business  /  No Comments

Ministry of Finance says move comes to ease pressure on the general budget or the Suez Canal Authority after five years

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Egypt to invite IMF to assess economic reforms

  /  September 13, 2014  /  Business  /  No Comments

Ministry of Finance says government will invite IMF before Egypt’s economic summit in February 2015

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Bilateral agreements restrict Egypt more than multilateral ones: UNCTAD’s economist

  /  September 10, 2014  /  Business  /  No Comments

Egypt has more than 100 bilateral agreements, each with own conditions and regulations, says Mahmoud El-Khafif

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Railway sector needs EGP 60bn for development: Transportation minister

  /  September 9, 2014  /  Business  /  No Comments

Egypt recently agreed with several European countries to import 25 new trains

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Electricity loads increase 8% annually, cause outages: Former electricity minister

  /  September 7, 2014  /  Business  /  No Comments

Ahmed Emam says that fuel supplies to power station annually decrease by 6% besides increasing malfunctions of stations due to maintenance works

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Egypt needs $12bn in next 5 years to address electricity crisis: Al-Sisi

  /  September 6, 2014  /  Business  /  No Comments

Power stations need $700m worth of fuel supplies per year

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Flat6Labs records highest number of start-up deals in Egypt

  /  September 3, 2014  /  Technology  /  No Comments

Start-up accelerator programme has invested in 46 ventures

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WTO supports Suez Canal project: Director General

  /  September 2, 2014  /  Business  /  No Comments

Roberto Azevedo scheduled to meet President Abdel Fattah Al-Sisi on Tuesday

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Labour Law amendments do not meet workers’ aspirations: Rights campaign

  /  September 1, 2014  /  Business  /  No Comments

Coordinator of the “Towards a Fair Labour Law” campaign says they are to submit suggestions to manpower ministry

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July’s CAPMAS inflation rate 0.18% higher than original figure

  /  September 1, 2014  /  Business  /  No Comments

Annual urban consumer inflation amended to 11.04% instead of 10.61% in July

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Overview of banking sector performance over FY 2013/2014

  /  August 30, 2014  /  Business  /  No Comments

Daily News Egypt takes a closer look into the banking sector’s performance over the past fiscal year, with examples of the financial results of state-owned, private and Islamic banks

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Unified licence to be launched in September: Communications ministry

  /  August 27, 2014  /  Technology  /  No Comments

The three mobile service operators have agreed to the licence’s terms for offering landline services

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Orascom Development Holding registers first profit since 2010

  /  August 27, 2014  /  Business  /  No Comments

The Swiss hotel operator is expecting an improvement in the hotel performance during the second half of 2014

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Saudi-based CPC buys Qalaa’s Sphinx Glass for EGP 1.3bn

  /  August 25, 2014  /  Business  /  No Comments

Qalaa Holdings sells Sphinx Glass in line with its framework to abandon “non-core” projects

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Tahya Masr donations yet to exceed EGP 5bn: Fund board member

  /  August 25, 2014  /  Business  /  No Comments

Salah Diab says board of directors are still reviewing how the fund will be used

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Finance ministry yet to impose property tax on petroleum companies: Adviser

  /  August 25, 2014  /  Business  /  No Comments

Public petroleum establishments will be exempted, while private companies will be subject to the law, says senior Tax Authority official

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Al-Sisi amends Property Tax Law to exempt owning EGP 2m in one unit

  /  August 20, 2014  /  Business  /  No Comments

Amended law says hotels, clubs, hospitals, medical centres and clinics affiliated to the armed forces are exempted from paying taxes

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Supply ministry develops SMS service informing citizens with monthly shares

  /  August 19, 2014  /  Business  /  1 Comment

The new service will reply citizens’ inquiries on all the services provided by the ministry

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11 ministries to provide new Suez Canal project labour

  /  August 17, 2014  /  Business  /  1 Comment

A high-level committee will determine the technical and managerial labour required for the project

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Tourism minister denies offering Egyptian citizenship for sale to foreign investors

  /  August 17, 2014  /  Business  /  No Comments

Hisham Zaazou says that if security, judicial and economic authorities approved the project, it can be sent to the cabinet for ratification

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Popular Front of the Suez Canal Axis considers 1 year timeline for new canal ‘enough’, but economists hold doubts

  /  August 16, 2014  /  Business  /  1 Comment

One year is enough because feasibility, technical studies are done, says Popular Front of the Suez Canal Axis member

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Russian wheat supply to cover Egypt needs until July 2015: Grain Industry chairman

  /  August 13, 2014  /  Business  /  3 Comments

Vladimir Putin says Russia will supply Egypt with 5m tons of wheat throughout the year

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Communication ministry discusses ‘Electronic Engineers Syndicate’

  /  August 13, 2014  /  Technology  /  No Comments

Atef Helmy says ministry will provide technological services to the syndicate and its premises under its Technology Homes Programme

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