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Egypt aiming to attract EGP170bn in investments by 30 June: Minister of Investment

  /  November 11, 2013  /  Business  /  1 Comment

Saleh says Suez Canal’s Term of Reference is to be issued at end of the month

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Euromoney: Technology sector to attract EGP 20bn of investments this year: Minister

  /  November 10, 2013  /  interviews, Technology  /  No Comments

Sector to grow by about 10% in 2013/2014
Forecasted investments slid from EGP 20bn to 24bn due to political turmoil in first-quarter
Ministry aims to broaden room for competition
Integrated phone license to be issued by year end
Ministry guarantees justice to all parties involved in license

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Euromoney: Ministry of Supply to procure up to 200,000 tonnes of wheat

  /  November 10, 2013  /  Business, interviews  /  1 Comment

Abu Shadi: We are determined to win the war on vendors’ inflated prices

The ministry will create the competition that forces vendors to sell for less
The ministry plans to complete 100 silos this fiscal year
Egypt awarded 7 silos, will issue tenders for 8 this month, and 10 next month
Rice exports are halted until sufficient amounts are secured for domestic consumption

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Euromoney: Wadi Group to spend up to EGP 2bn in Egyptian market in the next 5 years

  /  November 10, 2013  /  Business, interviews  /  No Comments

Wadi sees up to 20% growth in revenues this year
Mono-calcium phosphate project to kick start by January 2014
Wadi Fish to export sea bass to Europe next year
The group to expand in Africa by late 2014

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UAE, Saudi Arabia pledge an aid package of $8bn to Egypt

  /  July 10, 2013  /  Business, Economy  /  2 Comments

Meanwhile, Saudi Arabia approved a $5bn in aid to Egypt, according to Reuters.

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Flashback: 11 February 2011

  /  July 3, 2013  /  Opinion  /  1 Comment

It is normal for an individual, especially from the younger generations, to have a memory slate that involuntarily and regularly wipes itself clean. Unfortunately, I have one of those memories, leaving me sometimes unaware of read the rest…

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Bourse will not halt trading under any circumstances claims new head of exchange

  /  July 1, 2013  /  Business, Economy  /  No Comments

Atef El-Sherif: Many portfolios require immediate intervention to further boost confidence

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Egypt’s benchmark index closes with a gain against odds

  /  June 26, 2013  /  Business, Economy  /  No Comments

Surge in shares of Orascom construction after regulatory approval given to its Dutch parent company to buyout Egypt’s biggest publicly traded firm

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MasterCard: Egypt holds massive potential for us, despite market shifts

  /  June 25, 2013  /  Business, Economy  /  151 Comments

Long-term consumer potential remains strong, evidenced in launch of first-ever Arabic mobile payment wallet

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