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Marina tourist centre tender to take place early 2015: Housing minister

  /  October 29, 2014  /  Business  /  No Comments

Ministry planning to build 100,000 hotel rooms for tourists in north coast

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No backtracking on rice exports at EGP 2,000 per tonne

  /  October 29, 2014  /  Business  /  No Comments

Expected returns set at $1bn for exporters and $280m in returns for state due to export fee

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Sanmar aims for increased Egyptian investments in Egypt

  /  October 29, 2014  /  Business  /  No Comments

Company projects approximately $1.3bn investment and $150m injected into expansion of PVC production for 2015

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Successful overseas dollar bonds launch will strengthen Egyptian economy: Experts

  /  October 29, 2014  /  Business  /  No Comments

Analysts call government’s determination to offer dollar bonds during first quarter of 2015 a move to restore confidence of foreign investors

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Egyptians forced to leave Libya want to return due to unemployment

  /  October 29, 2014  /  Business  /  No Comments

Egyptians employed in Libya demand their return despite ongoing armed conflict in the country, blame lack of work opportunities in Egypt

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Latest

Russian firm to invest in Egypt’s global logistics centre project

  /  October 29, 2014  /  Business  /  No Comments

Ministry of Supply says company has offered to supply all necessary equipment and machinery

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Latest

Successful overseas dollar bonds launch will be success for Egyptian economy: Experts

  /  October 28, 2014  /  Business  /  No Comments

Analysts call government’s determination to offer dollar bonds during first quarter of 2015 a move to restore confidence of foreign investors

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Latest

Turkey files anti-dumping suit against polypropylene exports from Egypt

  /  October 28, 2014  /  Business  /  No Comments

Export halt from Syria, Iraq, Libya, Tunisia, Yemen, and Turkey creating crisis, says Helal

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Latest

Domestic debt recorded at EGP 1.8tn by June 2014: CBE

  /  October 28, 2014  /  Business  /  No Comments

Egypt’s external debt increased by 4.8% to record 45.3bn at the end of March 2014, compared to $43.2bn at the end of June 2013.

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Latest

Tourist numbers increased 76.7% year on year in August: CAPMAS

  /  October 28, 2014  /  Business  /  No Comments

Increase in Eastern European visitors and lifting of travel warning led to 997,000 tourists, compared to 564,000 in August 2013

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4% increase in MENAP economic activity expected by 2015

  /  October 28, 2014  /  Business  /  No Comments

Countries in MENAP region (Middle East, North Africa, Pakistan and Afghanistan) were resisting growth due to socio-political problems and regional conflicts

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Latest

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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Latest

Domestic liquidity increases to EGP 1.545tn: CBE

  /  October 28, 2014  /  Business  /  No Comments

Rise in domestic liquidity during July reflects increase in net domestic assets and retreat in net foreign assets at banking system, says CBE

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Latest

Al-Sisi appoints Mehleb to head executive committee of global logistics centre

  /  October 28, 2014  /  Business  /  No Comments

Minister of Supply says the project covers the construction of five investment and industrial zones for grains and food commodities with a total land use of 1.7m metres.

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Latest

New electronic system launched for paying electricity bills

  /  October 27, 2014  /  Business  /  No Comments

Bee, South Cairo Electricity Company, and e-finance collaborate to provide service

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Latest

Carbon Holdings negotiating $400m Emirati investment in Tahrir Petrochemical Complex

  /  October 27, 2014  /  Business  /  No Comments

UAE may donate shares in the project to Egyptian government

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Tourism ministry aims to attract 100,000 South African tourists in 2014-2015: TDA official

  /  October 27, 2014  /  Business  /  No Comments

Authority also targeting increased visitors from India, China, Brazil, and Argentina

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Latest

RO-RO agreement not to be renewed

  /  October 27, 2014  /  Business  /  No Comments

The Egyptian government made a decision not to renew the agreement with turkey after it ends in April 2015.

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Government considering ways to compensate farmers for fertiliser price hikes: Investment minister

  /  October 27, 2014  /  Business  /  No Comments

Companies refusing to comply with ministry’s domestic fertiliser quotas

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Hosting of Digital Media Forum proves Egypt is important market: Weber Shandwick general manager

  /  October 27, 2014  /  Business  /  No Comments

DMF wanted to hold forum in Egypt since 2012 but was waiting for stability, says Randa Nassar

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Latest

Hilton Hotels Management launches community initiative in Egypt

  /  October 27, 2014  /  Business  /  No Comments

Hilton launches ‘Soap for Hope’, an community support initiative, to celebrate Global Community Day in collaboration with ‘I The Egyptian Foundation’

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Latest

PWC, P&G and IBM’s CSR initiative wins Gold Prize

  /  October 27, 2014  /  Business  /  No Comments

Minister of Social Solidarity Ghada Wali said that Sharek.org is a highly promising and inspiring effort to engage the citizens.

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Latest

Digital Media Forum kicks off for first time in Egypt

  /  October 27, 2014  /  Business  /  No Comments

Cairo chosen as venue due to Egyptian market’s regional importance, says forum CEO

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Latest

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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Latest

Ministry to subsidise charter flights, starting November: Official

  /  October 26, 2014  /  Business  /  No Comments

Tourism ministry launches new stimulus programme for charter flights beginning in November with special subsidies for Luxor, Aswan, and Taba

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Latest

Ibrahim Mehleb to patronise the First Builders Forum 2014

  /  October 26, 2014  /  Business  /  No Comments

This year’s forum will focus on “The strategy of reconstruction”

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Latest

Steel prices fall during October following new imported steel fees

  /  October 26, 2014  /  Business  /  No Comments

Ministry of Supply boosted regulatory campaigns on steel and cement companies to ensure they abide by official prices

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Government to add, amend investment laws: Salman

  /  October 26, 2014  /  Business  /  No Comments

Amendments include investor equality, facilitation of market entry and exit in dollars, and expedited bankruptcy procedures

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Latest

Banking deposits grow 20.2% in July: IDSC

  /  October 25, 2014  /  Business  /  No Comments

Credit granted to agriculture, trade, industry, and services grows 4.8%

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Latest

Investment ministry in EGP32bn asset-debt swap with National Bank of Egypt, Banque Misr

  /  October 25, 2014  /  Business  /  No Comments

Meeting to be held soon regarding payment of outstanding EGP 1.6bn owed to banks, says minister

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