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Al-Sisi forms committee to address issues faced by tourism companies

  /  November 17, 2014  /  Business  /  No Comments

Decision follows meeting with international tourism delegates

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NUCA issues 7 tenders for developmental projects

  /  November 17, 2014  /  Business  /  No Comments

Development projects will take place in Sadat, New Qena, and New Tayba

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35 US companies met with Dar Al-Handasah to discuss Suez Canal Project

  /  November 16, 2014  /  Business  /  No Comments

Meeting included American firms from health, telecommunications, tourism sectors

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No new tourism licences to companies: Tourism minister

  /  November 16, 2014  /  Business  /  No Comments

300% increase in the number of Gulf tourists during the third quarter of 2014

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Egypt-Saudi Arabia electricity project tendered before month’s end: Saudi official

  /  November 16, 2014  /  Business  /  1 Comment

Technical specifications for projects required extra time, undersecretary of the Saudi Ministry of Electricity said

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EGP 100,000 microfinance limit subject to 5% increase: EFSA chairman

  /  November 15, 2014  /  Business  /  1 Comment

Microfinance law is most important economic legislation issued since January 2011, claims Sherif Samy

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Project to convert cooking oil into diesel to be announced this month: Hanafy

  /  November 11, 2014  /  Business  /  No Comments

The minister highlighted that the money owed to foreign partners has reached $4.9bn.

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Egypt targets $15bn FDI in FY 2017/2018: Investment minister

  /  November 10, 2014  /  Business  /  No Comments

The minister of investment discussed the Investment Law saying that its core change is what is called the “one-stop shop”.

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US business delegation meets President Al-Sisi

  /  November 10, 2014  /  Business  /  No Comments

An American delegation will visit Egypt again in March 2015 to attend the economic summit

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Pepsico invests $270m in Egypt during 2014: Company MEA president

  /  November 10, 2014  /  Business  /  1 Comment

Soft drinks and snacks company remains committed to the Egyptian market, president adds

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Orascom Construction to launch IPO in February: Nassef Sawiris

  /  November 9, 2014  /  Business  /  No Comments

Company won international arbitration case against petroleum ministry but decided not to act upon it, the businessman says

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OCI NV pursues dual listing in Egypt, UAE

  /  November 6, 2014  /  Business, Stock Market  /  No Comments

Company is targeting to list on the two exchanges during the first quarter of 2015

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E-finance launches new “Banzenty” app

  /  November 4, 2014  /  Technology  /  No Comments

New app provides details on the nearest petrol station

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EBRD provides $30m to NBE for small business development

  /  November 4, 2014  /  Business  /  No Comments

Loan follows $50m provided in December 2013

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Following ruling in OCI tax case, Sawiris ‘grateful justice has prevailed’

  /  November 4, 2014  /  Business  /  No Comments

Ruling marks end of challenging period for OCI, says CEO Nassef Sawiris in exclusive statement to Daily News Egypt

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Egyptian consumer confidence inches up during Q3 2014

  /  November 4, 2014  /  Business  /  No Comments

Egyptians are cautiously optimistic, says Nielsen regional managing director

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5 agreements signed between Egypt and Ethiopia

  /  November 3, 2014  /  Business  /  No Comments

Targeted trade volume between both countries is over $5bn

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Trade deficit drops by 22.5% year on year in July: CAPMAS

  /  November 3, 2014  /  Business  /  No Comments

Imports and exports decrease by 18.8% and 12.7%, respectively

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Egypt, Ethiopia study possibility for establishing industrial zone: Abdel Nour

  /  November 2, 2014  /  Business  /  No Comments

Both countries seeking to increase volume of trade to $5bn, says minister of industry and foreign trade

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UAE allocates EGP 1.8bn for Egyptian development projects

  /  November 2, 2014  /  Business  /  No Comments

Egypt received 25% of the total figure to finalise the projects before the end of the year

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Final ruling for the OCI postponed to 4 November

  /  October 28, 2014  /  Business  /  No Comments

Government seeking to settle tax dispute worth an estimated EGP 7bn

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Egypt expects to issue $1-$1.5bn international bonds in Q1 2015: Finance minister

  /  October 27, 2014  /  Business  /  No Comments

Hani Kadry Dimian neither confirmed nor denied news that Egypt received $1bn in aid from Kuwait

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Review: ‘Crave’ opens a branch in Cairo Festival City Mall

  /  October 27, 2014  /  Lifestyle  /  No Comments

The restaurant has two seating areas; the outside area offers visitors a chance to enjoy the energetic ambiance and watch the dancing fountain.

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IDB approves $230.2m Sharm El-Sheikh airport development

  /  October 22, 2014  /  Business  /  No Comments

Bank’s contribution to development project reaches $457m

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Documents requested for stock market listing reduced

  /  October 22, 2014  /  Business  /  No Comments

Up to six companies are expected to list on EGX before end of year

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Up to six companies to be listed on stock market: EGX chairman

  /  October 21, 2014  /  Business  /  No Comments

Four companies have already listed in the market during 2014, with more to follow

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FEI rejects minister’s approval of independent union

  /  October 20, 2014  /  Business  /  No Comments

Industry Federation demands prime minister’s intervention over independent union for land transport workers

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EGX requests financial disclosure from listed companies

  /  October 19, 2014  /  Business  /  No Comments

Stock market has witnessed series of significant losses during past week

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Proposal to raise fertilisers prices causes uproar

  /  October 14, 2014  /  Business  /  No Comments

Farmers and fertiliser producers strongly opposed over pricing issue

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Armed forces constructing new cement production line

  /  October 14, 2014  /  Business, Industry  /  No Comments

New line aims to double yearly production by end of 2015

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