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Egypt to reimburse share of foreign partner’s oil and gas revenues at $700m a month: Tarek El Molla

and   /  September 22, 2014  /  Business  /  No Comments

EGPC, petroleum sector companies register EGP 72.2bn profit during FY 2013/2014

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Purchases of investment certificates divided as 82% citizens, 18% institutions: CBE governor

  /  September 21, 2014  /  Business  /  No Comments

Egypt post collected EGP 730m from 250,000 Egyptians, governor says

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Euromoney Conference: Suez Cement factory to begin operating on coal next November: CEO

  /  September 17, 2014  /  Business  /  No Comments

Italgen working on getting permits for second phase focusing on wind energy, CEO

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Egypt needs growth, jobs over economic stability: IMF chief in Egypt

  /  September 16, 2014  /  Business  /  No Comments

Government has set concrete goals for its February economic summit, says Lazard managing director

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Euromoney Conference: New IPOs to revive stock market

  /  September 16, 2014  /  Business  /  No Comments

Opportunities in petrochemical, real estate, and start-up companies

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Capital market eager to present exchange traded funds (ETF) to investors: EGX chairman

  /  September 16, 2014  /  interviews  /  No Comments

Infrastructure, telecommunication and real estate show stock market promise

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Investment opportunities in Suez Canal Project are endless: Dar Al-Handasah director of operations

  /  September 16, 2014  /  interviews  /  No Comments

Closeness of name between company and army’s engineering corps led to confusion

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Egypt waiting for ‘appropriate moment’ to issue dollar bonds: Finance minister

  /  September 16, 2014  /  Business  /  No Comments

Too early to define the yearly percentage that will be removed from energy subsidies, Dimian says

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6 companies to have IPOs this fiscal year: EFG Hermes CEO

and   /  September 13, 2014  /  interviews  /  No Comments

Food industry likely to be the first to have an IPO, says Karim Awad

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Jumia online shopping app Google Play store favourite

  /  September 10, 2014  /  Technology  /  No Comments

The shopping application has been downloaded over 100,000 times, the company announced this week

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YoY inflation registers 11.4% in August, highest since January: CAPMAS

  /  September 10, 2014  /  Business  /  No Comments

Prices of hospital services hike by 8.6%, according to the statistics agency

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Exports reach $1.66bn in August: Ministry of Industry and Foreign Trade

  /  September 9, 2014  /  Business  /  No Comments

Arab League highest importer of Egyptian goods in August, ministry’s report highlighted

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Removal of electricity subsidies to happen over five years: Electricity minister

  /  September 9, 2014  /  Business  /  No Comments

Government to introduce feed-in tariff for new and renewable energy “within weeks”, planning minister said Monday

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Feed-in tariff for new and renewable energy to be announced within weeks: El-Araby

  /  September 8, 2014  /  Business  /  No Comments

Ministry of Finance may act as guarantor between investors and Ministry of Electricity to ensure continuous power supply

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11 amendments necessary to attract investors: EFIA

  /  September 8, 2014  /  Business  /  No Comments

Eradication of bureaucracy, stability of regulations and establishment of free zones are among prerequisites for attracting investors, the association says

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New committee to follow-up on conference: El-Araby

  /  September 8, 2014  /  Business  /  No Comments

Government seeks to accomplish “legislative achievements” to foster investment before December 2014

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International foreign reserves increase by $99m

  /  September 7, 2014  /  Business  /  No Comments

Egypt to repay $0.5bn to Qatar in October; it is “ready to repay $2.5bn in November, if requested”, says CBE governor

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Government SMEs company Board of Trustees to be announced before month’s end: Al-Araby

  /  September 4, 2014  /  Business  /  No Comments

The board of trustees will be responsible to form mother company, its subsidiaries and raise funds, minister noted

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Egypt’s competitiveness deteriorates for 5th consecutive year

  /  September 4, 2014  /  Business, Economy  /  No Comments

Country takes 119th position out of 144 countries

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German business delegation to visit in September

  /  September 2, 2014  /  Business  /  No Comments

Delegation will discuss possibility of new investments in Egypt

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UPDATE: Banque du Caire receives Suez Canal investment certificates

  /  September 2, 2014  /  Business  /  No Comments

Cooperation protocol between the Suez Canal Authority, banks and the Ministry of Finance expected to be signed on Tuesday.

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CBE interest rates remain unchanged

  /  September 2, 2014  /  Business  /  No Comments

Early Monday, the Central Bank of Egypt adjusted July’s inflation rate, increasing it from 10.61% to 11.04%

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Al-Sisi approves Suez Canal investment certificates law

  /  September 1, 2014  /  Business  /  1 Comment

Cooperation protocol between the Suez Canal Authority, banks and the Ministry of Finance expected to be signed on Tuesday.

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Financially straitened Egyptians exempted from property taxes: Finance minister

  /  September 1, 2014  /  Business  /  No Comments

Ministry of Finance announces the detailed new property tax law for the first time

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Bank contributions to Tahya Masr fund reach EGP 400m

  /  September 1, 2014  /  Business  /  No Comments

Investment bank EFG Hermes makes EGP 20m donation to the fund

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Central bank registers stable foreign reserves in August: Governor

  /  September 1, 2014  /  Business  /  1 Comment

Foreigners’ purchases in bonds and treasury bills registered between $100m and $120m in the past month and a half

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MOPCO to be listed in capital market early 2015: Company chairman

  /  September 1, 2014  /  Business  /  2 Comments

Chemicals company to launch IPO following completion of expansion projects

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6m tax-exempted Suez Canal investment certificates to be issued: CBE governor

  /  August 31, 2014  /  Business  /  1 Comment

Following the presidential approval of the Suez Canal investment certificate law, protocol to be signed between CBE, four public banks and the Suez Canal Authority

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Egypt has 18th slowest broadband in the world: Ookla

  /  August 27, 2014  /  Technology  /  No Comments

In February, thousands of Egyptian attempted to start an “internet revolution”, protesting against poor services and high prices

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Al Qalaa targets 25% revenue growth, $700m from noncore industries’ exit: Hisham El-Khazindar

  /  August 27, 2014  /  Business  /  No Comments

Company expected to announce details on new exit before the end of 2014, according to co-founder and managing director

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