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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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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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Government jeopardising EGPC finances: Petroleum ministry source

  /  October 25, 2014  /  Business  /  No Comments

Ministry of Finance refusing to provide the liquidity necessary to import liquefied natural gas, says official

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BNP Paribas Wealth Management wins private bank awards for Europe, North Asia

  /  October 25, 2014  /  Business  /  No Comments

Awards confirm their position as a “reference private bank”, say Wealth Management co-CEOs

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Al-Futtaim to open new EGP 4.9bn mall

  /  October 24, 2014  /  Business  /  No Comments

Mall of Egypt is expected to open in 2016

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Sawiris assumes CEO role of OTMT

  /  October 23, 2014  /  Business  /  No Comments

Orascom Telecom Media and Technology Holding (OTMT) announced Wednesday that Ahmed Abou Doma resigned from his duties as a member of the Board of Directors and as CEO of the company for personal reasons. Abou read the rest…

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Abraj Misr develops EGP 4.5bn project in El-Nozha: Company chairman

  /  October 22, 2014  /  Business  /  No Comments

Contract signed with French consultant and consultations underway with a foreign contractor for construction

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ECESR files appeal against decision forcing taxi drivers to provide bank statements

  /  October 22, 2014  /  Business  /  No Comments

According to traffic law, taxi owners are not obliged to submit bank statements in order to renew their licenses, ECESR says

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Latest

Tourism Syndicate asks 7% annual allowance for workers

  /  October 22, 2014  /  Business  /  No Comments

General Syndicate for Tourism and Hotels makes request in light of increased flow of foreign tourists to Egypt

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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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New law regulating National Authority for Tunnels expected: Chairman

  /  October 21, 2014  /  Business  /  No Comments

Legislation expected to allocate more transfer resources to the authority and allow it to form companies, says El Nagdy

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Agreement signed to begin phase 1 of Arabtec project before year’s end

  /  October 21, 2014  /  Business  /  No Comments

Subsidiaries formed by Arabtec to implement the project, says Ministry of Housing

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Ministry of Finance refuses to finance import of liquefied gas

  /  October 21, 2014  /  Business  /  No Comments

By Ahmed Tolba A meeting will be held in the coming days between officials from the ministries of Oil, Finance, and Electricity to agree on a solution to issues threatening the implementation of agreements to read the rest…

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Security guard companies demand judicial seizure and arming of security personnel

  /  October 21, 2014  /  Business  /  No Comments

Vice chairman of the Division of Security Services, said that Falcon Group’s crisis has caught the interest of all security guard companies and caused them to reconsider their future in the local market.

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Latest

Business community rejects independent trade unions

  /  October 21, 2014  /  Business  /  No Comments

Egyptian Federation for Independent Trade Unions member says business community should not decide for the workers on representation

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Communications ministry aims for broadband services for 90% of Internet users

  /  October 21, 2014  /  Business  /  No Comments

According to a ministry official, the Internet speed users will enjoy is expected to reach up to 25MB.

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Housing ministry’s services automated after 1 year: Minister

  /  October 21, 2014  /  Business  /  No Comments

Ministries of Housing and Planning sign two-year agreement to develop citizen and investor services

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Tourism ministry reduces participation costs for travel fair: Official

  /  October 21, 2014  /  Business  /  No Comments

Ministry has reduced the cost of participation in the Riyadh Travel Fair in April for hotels and companies by 50% to €1,150 to increase number of Gulf tourists

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Onera Systems installs solar panels to national grid

  /  October 21, 2014  /  Business  /  No Comments

Ministry announced feed-in tariff for new and renewable energy in September

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Egypt to present $1.5bn Cairo-6 October train plans at economic summit

  /  October 21, 2014  /  Business  /  No Comments

International company offers to implement the project

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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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SODIC to invest up to $2.5bn in Egypt real estate

  /  October 20, 2014  /  Business  /  No Comments

Earlier this year SODIC agreed to pay EGP 900m to the Egyptian government over seven years after reevaluating the East town project in Cairo.

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Egypt begins transformation into global logistics centre for grain handling: Prime minister

  /  October 20, 2014  /  Business  /  No Comments

Mehleb says the project is as important as the Suez Canal expansion

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Businessmen voice optimism for uniform investment law

  /  October 20, 2014  /  Business  /  No Comments

Investment minister faces opposition to ‘one-stop shop’ system if put into effect

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Deutsche Bank investments in Egypt worth $35m: Investment minister

  /  October 20, 2014  /  Business  /  No Comments

Deutsche Bank follows Egyptian projects in areas of new and renewable energy, roads, and development of Suez Canal

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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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52.5% growth in railway passengers in August: IDSC

  /  October 20, 2014  /  Business  /  No Comments

Number of railway passengers reached 15.4 million

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Steel companies lower their prices in attempt to attract sales

  /  October 20, 2014  /  Business  /  No Comments

Decision follows introduction of protective duties on imports as domestic steel industry struggles

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Egypt’s outlook upgraded to stable: Moody’s

  /  October 20, 2014  /  Business  /  No Comments

Government bond rating confirmed at Caa1, however

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