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Government encourages Luxor, Aswan trips to promote domestic tourism

  /  January 28, 2015  /  Business  /  No Comments

Ministry of Tourism offers Luxor and Aswan trips with lower prices to raise tourist flow into the cities

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Egyptian pound plunges against the dollar to EGP 7.46

  /  January 28, 2015  /  Business  /  1 Comment

The US dollar exchange value jumped to EGP 7.5 at NBE and Banque Misr

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Obourland Cheese Company to launch 2 factories with EGP 100m investments

  /  January 27, 2015  /  Business  /  No Comments

Egyptian market is very promising, and is biggest global white cheese market, says Tetra Pak MD

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Tivoli Dome to launch branches in 5 countries in Middle East

  /  January 22, 2015  /  interviews  /  1 Comment

Egyptian food court achieved profits equivalent to 90% of its total expenditure in 2014

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Egypt, Abu Dhabi sign agreement developing maritime transportation

  /  January 21, 2015  /  Business  /  No Comments

Red Sea Port Authority and Abu Dhabi’s counterpart to form joint companies encouraging marine investments

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Government promises resolution of LPG cylinders shortage in 3 days

  /  January 19, 2015  /  Business  /  No Comments

Ministry of Supply pumped much of citizens’ needs in LPG cylinders

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Low value of EGP enhances investor appetite

  /  January 19, 2015  /  Business  /  No Comments

Market analysts expect better foreign investor purchases and higher inflation rates

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QNB net 2014 profits inched up to $2.9bn

  /  January 14, 2015  /  Business  /  No Comments

QNB Group continued growth in 2014 with increase in net profits, shareholders and assets

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Less than 4,000 Egyptians transact online: Egypt Business Directory

  /  January 13, 2015  /  Technology  /  No Comments

Despite fast penetration of internet in Egypt, e-commerce remains slow in growth

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Qatari Diar invests in Egypt with 2 major tourist projects

  /  January 11, 2015  /  Business  /  No Comments

Qatari Diar is considered one of the foremost real estate Gulf investors in Egypt

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Tax authority exempts 1m units of tax

  /  January 6, 2015  /  Business  /  1 Comment

Families with housing worth under EGP 2m are exempted from taxation

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Cairo governorate to invest in Nile lands

  /  January 5, 2015  /  Business  /  1 Comment

The Cairo governorate to offer cornice Nile lands in public auction for new investments

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2011 witnessed highest resignation rates: ERF

  /  December 2, 2014  /  Business  /  1 Comment

The paper suggests that these trends reflect the response of the Egyptian labour market to the financial crisis and the January 2011 uprising rather than a more dynamic labour market.

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Upgrading Egypt’s economic outlook stimulus for investments, growth rate

  /  November 26, 2014  /  Business  /  2 Comments

Since the 25 January Revolution, Egypt’s economic outlook was downgraded several times by international credit rating agencies. The downgrades came about due to violence and political instability, which took a massive toll on investments and read the rest…

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Government anticipates higher growth rates

  /  November 25, 2014  /  Business  /  No Comments

Builders of Egypt Forum kicks off, minister of planning foresees boom in construction industry

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Reopening stalled factories via ‘Google maps’

  /  October 1, 2014  /  Technology  /  No Comments

A total of 4,500 factories to resume operations in Egypt, says economic expert

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Interruption of landline services due to cables changes: Telecom Egypt

  /  September 30, 2014  /  Business  /  No Comments

Outrage from residents due to interruption of landline services over several months

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Cars prices in Egypt grow amid consumer frustration

  /  September 24, 2014  /  Business  /  No Comments

Car experts blame high US dollar exchange rates and popular demand for fuel saving cars for increase

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Suez Canal certificates sold out: CBE

  /  September 16, 2014  /  Business  /  No Comments

Sale raises EGP 61bn for canal extension project

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‘Baseta’: a new service to finish government documents

  /  September 10, 2014  /  Technology  /  No Comments

The service aims to help Egyptians to extract or renew governmental documents including ID cards, passports, marriage documents and death certificates.

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VFS Tasheel causes concern over recruitment practices

  /  September 10, 2014  /  Business  /  No Comments

Expatriate Egyptians acquiring visas through VFS Tasheel say the company is overcharging for visas, frequently asking for as much as EGP 25 just to obtain a number to stand in queues for services.

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Tourism grows in June, despite political concerns

  /  August 20, 2013  /  Business, Economy, Tourism  /  114 Comments

CAPMAS’s statistics indicates growth in tourism influx despite escalations

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Egypt railway suffers EGP 30m loss

  /  August 20, 2013  /  Business, Transport  /  No Comments

Recent unrest resulted in a halt in railway traffic causing losses

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Egypt railway suffers EGP 30m loss

  /  August 19, 2013  /  Business, Economy  /  No Comments

Egypt’s train movements completely halted between Cairo, Upper Egypt and Lower Egypt

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Curfew raises food consumption

  /  August 18, 2013  /  Business, Economy  /  No Comments

Increase in purchasing activity is attributed to concerns over political unrest and uncertainty in the streets.

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Eid Al-Fitr causes boom of internal tourism

  /  August 13, 2013  /  Banking, Business  /  No Comments

The rates of internal tourism were “good” before and during the month of Ramadan, and further improved during the days of Eid Al-Fitr vacation

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Eid Al-Fitr’s weddings and engagements bolster gold market

  /  August 12, 2013  /  Business, Economy, Industry, Trade  /  2 Comments

Local gold market witnessed a surge in sales and prices in Eid el-Fitr as Egyptians seize the vacation to hold their engagements and wedding ceremonies

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High consumption and temperatures cause blackouts

  /  August 12, 2013  /  Business, Economy  /  No Comments

The peak load of electricity hit an alarming 26,100 megawatts, National Energy Control Centre said

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OCI deal pushes stock up

  /  August 5, 2013  /  Business, Economy  /  No Comments

The EGX 30 index closed with a 1.5% surge at 5615.36 points on Tuesday, while the EGX 70 index, encompassing small and medium sized companies, saw a modest rise of 0.53%. The broader index EGX 100 increased by 0.71%.

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Latest

Ministry of Finance to bolster farmers

  /  August 4, 2013  /  Business, Economy  /  No Comments

The report revealed that public coffers allocated more than EGP 1bn to boost farmers during last three years.

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