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You are here:  Home  >  Articles by Mohamed Ayyad
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Presidential meeting marks start of economic reform, inclusive growth: Economic Development Council member

  /  March 4, 2015  /  Business  /  No Comments

Council to launch non-traditional economic ideas to reduce deficit, poverty and meet growing demand in energy, health, education, says presidential spokesperson

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Government approves draft investment law improving business environment: Cabinet

  /  March 4, 2015  /  Business  /  No Comments

Listen The Cabinet agreed during its weekly meeting Wednesday, on the draft presidential decree regarding the draft investment law, according to a Cabinet statement. The statement added that the draft law includes a bundle of read the rest…

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Government limits collection of value of commodities, services to EGP: Cabinet

  /  March 3, 2015  /  Business  /  No Comments

Prohibition does not apply to tourists in Egypt, said Cabinet spokesperson

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Urgent phase implementation in Toshka City to end 30 June: Housing minister

  /  March 1, 2015  /  Business  /  1 Comment

New Toshka project will be added to urban community plan for fiscal year (FY) 2014/2015 with investments at EGP 287m, says cabinet official

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Legislative Reform Committee agrees on several draft laws: Transitional Justice minister

  /  March 1, 2015  /  Business  /  1 Comment

Laws are set to address intellectual property protection, money retrieval and agriculture, committee postpones unjust enrichment law

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Foreign tobacco companies in Egypt reject new cigarette price increases: Official

  /  February 28, 2015  /  Business  /  No Comments

Tensions prevail in cigarette market, traders exploit the situation to raise prices, according to CTA head in Cairo, Giza

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No retreat on cigarettes tax, increases between 50 piastres and EGP 1.5: Cabinet

  /  February 25, 2015  /  Business  /  1 Comment

Prices now at EGP 23 for Dunhill, EGP 23 for Kent, EGP 15 for Rothmans and EGP 13 for Viceroy, says British American Tobacco Egypt official

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Cigarette tax provides EGP 5.5bn annually to healthcare: Cabinet

  /  February 24, 2015  /  Business  /  No Comments

Imposing new cigarette tax supports general state budget providing healthcare expenditure requirements, says Hossam El-Kawish

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New investment law to be issued beginning of March: Investment minister

  /  February 23, 2015  /  Business, Egypt Economic Development Conference  /  1 Comment

Any postponement of parliamentary elections would not affect Economic Summit, says trade minister

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Egypt invites 100 Italian companies to Economic Summit: Abdel Nour

  /  February 23, 2015  /  Business, Egypt Economic Development Conference  /  2 Comments

Government implemented financial, monetary reforms to restore global market confidence and reassure them about investing in Egypt, says Salman

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OCI targets financial reconstruction via 10% increase in capital in EGX: MD

  /  February 22, 2015  /  Business  /  No Comments

Construction works for El-Hamrawein power plant to be implemented in Q1 of 2016, participation in tunnels of New Suez Canal, says Bishai

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Work under construction worth $5.6bn until September 2014: OCI Managing Director

  /  February 21, 2015  /  Business  /  No Comments

We added $900m more to construction works, says Osama Bishai

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Mehleb calls for new Port Safaga completion timetable in June: Cabinet

  /  February 21, 2015  /  Business  /  1 Comment

Total area of port after development reaches 825,000 sqm with total circulation of 8.5m tonnes, marine energy accommodating 1.3 million passengers annually

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Commercial Registry draft law creates attractive investment environment: Minister of Supply

  /  February 18, 2015  /  Business, Egypt Economic Development Conference  /  5 Comments

Investment environment’s attractiveness is particularly relevant ahead of March’s Economic Summit

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Initial agreement on Maspero development project signed: Prime Minister

  /  February 17, 2015  /  Business  /  1 Comment

Initial enumeration of Maspero area indicates there are 3,100 families and about 857 shops, says Cairo Governor

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Egypt, Cyprus sign MoU to import natural gas: Cabinet

  /  February 16, 2015  /  Business  /  No Comments

Prices yet to be agreed upon, will be negotiated after six months, says Petroleum Minister

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Petroleum Ministry, EGX negotiations to fund, structure oil companies: Minister

  /  February 15, 2015  /  Business  /  No Comments

We are studying ways to benefit from EGX to structure companies needing financial development without burdening state treasury, says Sherif Ismail

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Egyptian-Kuwaiti partner in several sectors with investments worth $6.8bn: Cabinet

  /  February 15, 2015  /  Business  /  No Comments

Projects are being studied and funded within the partnership, some might be established in Suez Canal, says ECHEM head

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DHL plans to increase investments in Egypt, participate in Suez Canal project: Company CEO

  /  February 14, 2015  /  Business  /  1 Comment

Shipping company is sending invitations and shipping all logistical needs for “Egypt the Future” conference

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Commodity prices stable, prices drop: Minister of Supply

  /  February 10, 2015  /  Business  /  No Comments

The minister pointed out that enough quantities of cooking oil have been contracted to suffice for consumption till the end of July – a total of 172,000 tonnes – with a value of EGP 1.5bn. A supply of Brazilian poultry, 23,300 tonnes, was also contracted.

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Government seeks exemption from Russian restrictions on wheat exports: Supply Ministry

  /  February 9, 2015  /  Business  /  No Comments

The global price of wheat increased to $25 per tonne since Russia announced imposing restrictions on exports of wheat, according to previous statements by the Egyptian Minister of Supply.

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Economy needs investments to counter unemployment: Pepsi Regional Manager

  /  February 8, 2015  /  Business  /  No Comments

Fight to cut domestic debt to 84% during coming years, says Salman

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Government used recession to restructure tourism: Official

  /  February 7, 2015  /  Business  /  No Comments

Early handover of Tahrir Hotel administrative building in May 2015 as part of project for tourist hotel in Tahrir Square worth EGP 450m, says Hatabah

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Alshaya Group allocates $3bn for investment in Egypt, Kharafi to construct car factory

  /  February 3, 2015  /  Business  /  No Comments

Prime Minister Ibrahim Mehleb is on three day visit to Kuwait with an economic delegation to discuss enhancing the Kuwaiti investments in Egypt.

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Kuwait fund studies 2 electricity sector projects applications in Egypt: Cabinet

  /  February 2, 2015  /  Business  /  No Comments

Kuwait visit to agree on investment cooperation and consultation speeding up dispute settlement disputes regarding Kuwaiti investors, said Al-Qaweesh

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Egypt to present 30 investment projects worth $20bn at Economic Summit: Investment minister

  /  February 2, 2015  /  Business, Egypt Economic Development Conference  /  No Comments

Egypt will continue to develop despite the insistence of certain parties to cause devastation, says PM

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Mehleb inaugurates EGP 675m Tahrir garage

  /  January 31, 2015  /  Business  /  No Comments

Garage is milestone in changing contours and shape of downtown and Tahrir Square, according to the prime minister

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Unemployment plan to provide training to over 1 million workers: Mehleb

  /  January 26, 2015  /  Business  /  No Comments

Hope is to build accurate labour market database including unemployment rates and distribution according to age, qualification, and gender

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Suez Steel obtains final approval, records $100m in 2015 investments: Gamal Garhi

  /  January 25, 2015  /  interviews  /  No Comments

Government puts unfair pressure on investors, but Garhi optimistic about future in light of recent reforms

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PepsiCo considers developing Pepsi league for students in Egypt: Ahmed El-Sheikh

  /  January 25, 2015  /  Business  /  No Comments

Partnership between PepsiCo and Ministry of Education renewed for 5 years in programme for school students to enhance Egyptian players, says General Manager

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