Returns on treasury bills rise, negative impact on economic growth expected
Prices jumped 1% for returns on treasury bills in the hours after central bank raised the interest rates by same amount
Read More →Tourism ministry to launch campaign to encourage Europeans to visit Egypt
Tourism authority official says lifting travel warning important step to restore tourism from Europe
Read More →Cairo Nile Shuttle contracts fibreglass company to manufacture Nile taxis
The River Transport Authority is considering the possibility of issuing an experimental operating license for river taxi activities in cooperation with other government bodies involved with Nile River navigation.
Read More →EIPR criticises state budget as ‘unfair to the poor’
Personal rights organisation expresses concerns about the status of the poor in light of approved FY 2014/2015 state budget
Read More →Ganoub El-Wadi proposes international tender for oil and gas exploration
Recent fuel price rise may provide incentive for investments in exploration in Egypt
Read More →Petroleum ministry proposes petrochemical projects worth $540m to UAE
Egypt has proposed three petrochemical projects to the UAE for a total investment of $540m, according to a senior official at the Ministry of Petroleum. The projects included establishing a factory to produce bio-ethanol from read the rest…
Read More →Cotton company asks EGAS to approve debt repayment schedule
Holding Company for Cotton Spinning and Weaving has debts exceeding EGP 1bn, aims to push growth rate to 70% during the current fiscal year
Read More →Youm7 against the purchase of visits to websites
Egyptian newspaper negotiates with Promo Media to develop criteria for ranking news websites
Read More →Al-Borsa website takes the lead in Egyptian economic publications: Alexa ranking
Al-Borsa plans to become an economic news agency at the end of this year, and hopes to expand regionally by launching specialised sites for Arab markets throughout the rest of this year.
Read More →Government will not offer new licences to steel factories: IDA
The cabinet agreed to modify Bianco’s licence to allow the company to produce rebar and billet according to the energy available after paying fees for altering the licence as well as fees for violating the terms of their current licence.
Read More →Nuclear plant tender to launch by year’s end; winning country to finance project: El-Osery
Project could cost up to $5bn and will be implemented over 5 years, nuclear expert
Read More →Interest rate hike to threaten government debt inflation if financial reform fails: DCode Chairman
Central Bank of Egypt increased interest rates by 1% to contain high inflation expected after subsidy decrease and petroleum price increases
Read More →Ration card commodities prices increased for quality improvement: Ministry of Supply spokesman
New ration card system provides citizens 20 privately and government-produced products including meat and chicken items, ministry says
Read More →5 year timeline for tourism companies to repay debts to social insurance fund: Tourism ministry official
Ministry of Social Solidarity has given tourism operators and hotel establishments a 6 month deadline to pay workers’ insurance debts; total debts to be paid in installments over 5-year period
Read More →Ireland and Denmark lift travel advisory on Sharm El-Sheikh
Ireland follows in the footsteps of Denmark, Italy and Germany
Read More →SODIC, CIB sign EGP300m loan for Westown project
Project expected to yield around EGP1.3bn, company says
Read More →UAE to consider providing $3bn in guarantees for debt to foreign partners: Official
A delegation from the Abu Dhabi Investment Authority (ADIA) will arrive in Cairo in the next few days to discuss investing in government debt worth EGP 15bn, a figure that may double in the future, read the rest…
Read More →Mehleb meets Nassef Sawiris to settle tax dispute
Investment Minister Ashraf Salman declined to comment on the reason behind Sawiris visiting the investment ministry or the form of the new settlement
Read More →Qatar’s direct World Cup expenditure ‘small’, estimated at $16bn: Bank Merrill Lynch
By Evline Meshreky The direct effect for Qatar of losing the 2022 World Cup hosting rights would be small, concluded a report issued by the Bank of America Merrill Lynch on Monday. Broader infrastructure projects, read the rest…
Read More →Almasria Universal Airlines considers operating flights to tourist areas at discounted prices: Chairman
Almasria Universal Airlines considers operating flights to Sharm El-Sheikh and Luxor during peak seasons holidays at reduced prices
Read More →EGP 200 fee issued on marble, granite and EGP 50 fee on sand: Abdel Nour
The Ministry of Industry and Trade issued an EGP 200 fee on each ton of marble and granite blocks, in addition to an EGP 50 fee on each ton of any kind of sand, according read the rest…
Read More →BP invests $10bn in Egypt
British oil company’s north Alexandria project will start production in 2017
Read More →800% increase in capital of bourse’s traded companies: EGX Chairman
Increase in public offering registered EGP 5.5bn during first half of 2014
Read More →Government considering new cement licences to stimulate economy: Investment minister
Minister of Investment seeks to transfer ownership of Egyptian Financial Supervisory Authority and General Authority For Investment to the president
Read More →Tourism buses to offer public transportation services in Greater Cairo within weeks
Ministry of Transportation says that Cairo governorate will be responsible for managing the buses
Read More →Egypt closes deal with Gilead Sciences for Hepatitis C drug at 99% discount
Around 170,000 doses of Hepatitis C medicine will be available for Egyptian patients late September
Read More →Abraaj Group to make EGP700m bid to acquire Amoun Pharmaceuticals
The company also announced Sunday its intention to acquire 100% of shares of Bisco Misr Company.
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