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Latest

$1 reaches EGP 7.47 on official selling market

  /  January 26, 2015  /  Business  /  No Comments

CBE’s Monday dollar auction ended with $1 standing at EGP 7.43

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1,000 Saudi businessmen, companies to participate in Economic Summit

  /  January 25, 2015  /  Business  /  No Comments

SEBA director-general says government sent invitations to over 6,000 businessmen and 120 countries

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Majid Al Futtaim expected to complete Mall of Egypt construction in 2015

  /  January 23, 2015  /  Business  /  No Comments

Mall is expected to be officially opened in 2016

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Philips to focus on new lighting technology in 2015: North East Africa CEO

  /  January 23, 2015  /  Business, interviews  /  No Comments

Daily News Egypt sat with Tamer Abol Ghar, CEO of Philips North East Africa, to identify the company’s plans in 2015.

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85% of Saudi disputes in Egypt resolved: SEBA

  /  January 20, 2015  /  Business  /  No Comments

Food oil firm Saffola, Jannat Agriculture Investment Company and Almarai will invest EGP 5bn in Egypt, says Darwish

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Families’ maximum income rose to EGP 3,000 per month in Mortgage Finance Law

  /  January 18, 2015  /  Business  /  No Comments

Amendments will benefit applicants for 1m residential-unit project, housing minister says

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Dana Gas could delay Egypt’s payment of dues: CEO

  /  January 14, 2015  /  Business  /  No Comments

Egypt still owes $165m to Dana, Patrick Allman-Ward says

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US company Kellogg’s acquires 85.93% stakes of Bisco Misr

  /  January 12, 2015  /  Business  /  No Comments

North American food giant says value of stakes is EGP 9.8m

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Government finalises 28 projects for Economic Summit

  /  January 11, 2015  /  Business  /  No Comments

Minister of Investment says number of projects to be presented in summit yet to be determined

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First ATM security cabinet to be introduced in Egypt

  /  January 10, 2015  /  Business  /  1 Comment

CMS is receiving offers from banks to deliver the service

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Egypt’s inflation jumps to 9.8% in December

  /  January 8, 2015  /  Business  /  No Comments

Prices of food and beverage products increased by 8.4%

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Palm Hills to issue over 8m shares on bourse to increase capital

  /  January 7, 2015  /  Business  /  No Comments

Real estate firm aims to increase their capital from EGP 3.5bn to EGP 6bn

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Al-Sisi launches Kuwaiti-Egyptian Relations Council

  /  January 6, 2015  /  Business  /  1 Comment

President pledges to solve Kuwaiti investors’ issues, reform legislations

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Al-Sisi allocates EGP 500m from Tahya Masr Fund to develop Doweqa

  /  January 5, 2015  /  Business  /  No Comments

Prime Minister calls on civil society organisations to participate with the government in slums development

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Egypt-Kuwait economic relations marked by financial assistance, investment disputes

  /  January 4, 2015  /  Business  /  1 Comment

Strong economic ties between Egypt and GCC cannot solve post-25 January investment disputes, but current regime takes action

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Key economic decrees in 2014

  /  January 3, 2015  /  Business  /  No Comments

2014 witnessed several presidential and ministerial decrees that changed economic landscape

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Algeria’s Sonatrach to send Egypt 6 gas shipments in 2015

  /  December 30, 2014  /  Business  /  1 Comment

Each shipment will comprise 125,000 cubic metres of LNG

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France loans Egypt €7.15m to develop Taba International Airport

  /  December 29, 2014  /  Business  /  1 Comment

Loan scheduled to be repaid in 20 years, with six year grace period and 0.17% interest

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Latest

New bid to acquire Arab Dairy offered, EFSA announces

  /  December 28, 2014  /  Business  /  1 Comment

Al-Nour Company for Dairy Product offers EGP 58 per share

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Citibank Egypt still studying banks’ offers to buy its consumer business

  /  December 27, 2014  /  Business  /  1 Comment

Vice president denies 9 banks have offered purchase

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Al-Sisi obliges financial services, public sector to pay income tax electronically

  /  December 24, 2014  /  Business  /  2 Comments

Finance minister said amendment helps managing public debt as it improves flow of tax revenues to the CBE

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Latest

Last presidential visit to China in 2012 witnessed signing of seven agreements

  /  December 23, 2014  /  Business  /  1 Comment

China said in 2013 that it would give Egypt a $24.7m non-refundable grant

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Latest

Metro ticket price will not increase: Metro spokesperson

  /  December 22, 2014  /  Business  /  No Comments

Cabinet sources attributed as saying metro tickets will increase from EGP 1 to between EGP 1.5 and EGP 3

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Latest

Trade deficit increases 70.9% in September year-on-year

  /  December 21, 2014  /  Business  /  No Comments

Deficit reaches EGP 27.9bn compared to EGP 16.3bn in corresponding month last year

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6 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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Latest

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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Latest

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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Latest

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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